CAG FY 2020 Earnings Report — Conagra Brands, Inc. Revenue & Financial Results | Market Cap Arena

Conagra Brands, Inc.CAG

FY 2020 Earnings

Reported July 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$11.1B	—	$9.5B	—	15.9%
Op. Income	$1.4B	—	$1.2B	—	22.7%
Gross Margin	27.8%	—	27.8%	—	-0.0pp
Net Margin	7.6%	—	7.1%	—	0.5pp
EPS (Diluted)	$1.72	—	$1.52	—	13.2%
Free Cash Flow	$1.5B	—	$772M	—	90.7%

Revenue Flow

Item	Amount
REVENUE	$11.1B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$9.6B
OPERATING INCOME	$1.4B
Interest Income	$3M
Interest Expense	$490M
Other Income/Expenses	-$404M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$201M
Net Income from Continuing Ops	$842M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$840M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$840M
D&A	$389M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.1B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$9.6B
OPERATING INCOME	$1.4B
Interest Income	$3M
Interest Expense	$490M
Other Income/Expenses	-$404M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$201M
Net Income from Continuing Ops	$842M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$840M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$840M
D&A	$389M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$842M
Depreciation & Amortization	$389M
Stock-Based Compensation	$59M
Deferred Income Tax	$247M
Other Non-Cash Items	-$7M
Change in Working Capital	$313M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$370M
Acquisitions (Net)	$195M
Purchases of Investments	-$47M
Sales/Maturities of Investments	$54M
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$154M
Net Debt Issuance	-$947M
Common Stock Repurchased	$0
Common Dividends Paid	-$414M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.5B
Net Change in Cash	$317M

Balance Sheet

Item	Amount
Cash & Equivalents	$553M
Short-Term Investments	$0
Net Receivables	$861M
Inventory	$1.4B
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$2.4B
Goodwill	$11.4B
Intangible Assets	$4.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$19.4B
TOTAL ASSETS	$22.3B
Account Payables	$1.5B
Short-Term Debt	$847M
Deferred Revenue	$0
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$8.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$629M
TOTAL NON-CURRENT LIABILITIES	$11.1B
TOTAL LIABILITIES	$14.4B
Common Stock	$2.9B
Additional Paid-In Capital	$2.3B
Retained Earnings	$5.5B
Treasury Stock	-$2.7B
Accum. Other Comp. Income	-$110M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.9B
Minority Interest	$75M
TOTAL EQUITY	$8.0B
TOTAL LIABILITIES & EQUITY	$22.3B
Total Debt	$10.0B
Net Debt	$9.4B