CAG Q2 2018 Earnings Report — Conagra Brands, Inc. Revenue & Financial Results | Market Cap Arena

Conagra Brands, Inc.CAG

Q2 2018 Earnings

Reported January 4, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$2.2B	—	—	—	—
Op. Income	$334M	—	—	—	—
Gross Margin	30.3%	—	—	—	—
Net Margin	10.3%	—	—	—	—
EPS (Diluted)	$0.54	—	—	—	—
Free Cash Flow	$204M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$658M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$325M
SG&A Expenses	$325M
Other Expenses	$0
Operating Expenses	$325M
Cost & Expenses	$1.8B
OPERATING INCOME	$334M
Interest Income	$1M
Interest Expense	$39M
Other Income/Expenses	$100.0K
INCOME BEFORE TAX	$334M
Income Tax Expense	$110M
Net Income from Continuing Ops	$224M
Net Income from Discontinued Ops	$400.0K
Other Adjustments	$0
NET INCOME	$224M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$224M
D&A	$64M
EBIT	$352M
EBITDA	$416M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$658M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$325M
SG&A Expenses	$325M
Other Expenses	$0
Operating Expenses	$325M
Cost & Expenses	$1.8B
OPERATING INCOME	$334M
Interest Income	$1M
Interest Expense	$39M
Other Income/Expenses	$100.0K
INCOME BEFORE TAX	$334M
Income Tax Expense	$110M
Net Income from Continuing Ops	$224M
Net Income from Discontinued Ops	$400.0K
Other Adjustments	$0
NET INCOME	$224M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$224M
D&A	$64M
EBIT	$352M
EBITDA	$416M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$224M
Depreciation & Amortization	$64M
Stock-Based Compensation	$10M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$4M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$263M
Capital Expenditure	-$59M
Acquisitions (Net)	-$250M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$306M
Net Debt Issuance	-$259M
Common Stock Repurchased	-$280M
Common Dividends Paid	-$88M
Other Financing Activities	$497M
NET CASH FROM FINANCING	-$123M
FREE CASH FLOW	$204M
Net Change in Cash	-$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$84M
Short-Term Investments	$0
Net Receivables	$684M
Inventory	$1.1B
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$1.6B
Goodwill	$4.5B
Intangible Assets	$1.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$947M
TOTAL NON-CURRENT ASSETS	$8.3B
TOTAL ASSETS	$10.4B
Account Payables	$887M
Short-Term Debt	$266M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$4.8B
TOTAL LIABILITIES	$6.6B
Common Stock	$2.8B
Additional Paid-In Capital	$1.2B
Retained Earnings	$4.5B
Treasury Stock	-$4.6B
Accum. Other Comp. Income	-$165M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$89M
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$10.4B
Total Debt	$3.5B
Net Debt	$3.4B