CAG FY 2021 Earnings Report — Conagra Brands, Inc. Revenue & Financial Results | Market Cap Arena

Conagra Brands, Inc.CAG

FY 2021 Earnings

Reported July 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$11.2B	—	$11.1B	—	1.2%
Op. Income	$1.8B	—	$1.4B	—	22.7%
Gross Margin	28.4%	—	27.8%	—	0.7pp
Net Margin	11.6%	—	7.6%	—	4.0pp
EPS (Diluted)	$2.66	—	$1.72	—	54.7%
Free Cash Flow	$962M	—	$1.5B	—	-34.7%

Revenue Flow

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.2B
R&D Expenses	$51M
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	-$51M
Operating Expenses	$1.4B
Cost & Expenses	$9.4B
OPERATING INCOME	$1.8B
Interest Income	$2M
Interest Expense	$422M
Other Income/Expenses	-$282M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$194M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$388M
EBIT	$1.8B
EBITDA	$2.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$11.2B
Cost of Revenue	$8.0B
GROSS PROFIT	$3.2B
R&D Expenses	$51M
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	-$51M
Operating Expenses	$1.4B
Cost & Expenses	$9.4B
OPERATING INCOME	$1.8B
Interest Income	$2M
Interest Expense	$422M
Other Income/Expenses	-$282M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$194M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$388M
EBIT	$1.8B
EBITDA	$2.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$388M
Stock-Based Compensation	$64M
Deferred Income Tax	$33M
Other Non-Cash Items	-$19M
Change in Working Capital	-$298M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$506M
Acquisitions (Net)	$161M
Purchases of Investments	-$12M
Sales/Maturities of Investments	$15M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$340M
Net Debt Issuance	-$820M
Common Stock Repurchased	-$298M
Common Dividends Paid	-$475M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$962M
Net Change in Cash	-$474M

Balance Sheet

Item	Amount
Cash & Equivalents	$79M
Short-Term Investments	$0
Net Receivables	$794M
Inventory	$1.7B
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$2.6B
Goodwill	$11.3B
Intangible Assets	$4.1B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$19.5B
TOTAL ASSETS	$22.2B
Account Payables	$1.7B
Short-Term Debt	$731M
Deferred Revenue	$0
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$8.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$526M
TOTAL NON-CURRENT LIABILITIES	$10.3B
TOTAL LIABILITIES	$13.6B
Common Stock	$2.9B
Additional Paid-In Capital	$2.3B
Retained Earnings	$6.3B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.6B
Minority Interest	$80M
TOTAL EQUITY	$8.6B
TOTAL LIABILITIES & EQUITY	$22.2B
Total Debt	$9.2B
Net Debt	$9.1B