CAG Q2 2020 Earnings Report — Conagra Brands, Inc. Revenue & Financial Results | Market Cap Arena

Conagra Brands, Inc.CAG

Q2 2020 Earnings

Reported January 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$2.8B	$2.4B	—	18.0%	—
Op. Income	$428M	$264M	—	62.3%	—
Gross Margin	28.3%	27.8%	—	0.5pp	—
Net Margin	9.2%	7.3%	—	2.0pp	—
EPS (Diluted)	$0.53	$0.36	—	47.2%	—
Free Cash Flow	$143M	$100M	—	42.8%	—

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.0B
GROSS PROFIT	$798M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$370M
SG&A Expenses	$370M
Other Expenses	$0
Operating Expenses	$370M
Cost & Expenses	$2.4B
OPERATING INCOME	$428M
Interest Income	$400.0K
Interest Expense	$122M
Other Income/Expenses	-$83M
INCOME BEFORE TAX	$346M
Income Tax Expense	$84M
Net Income from Continuing Ops	$262M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$261M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	$97M
EBIT	$440M
EBITDA	$537M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.0B
GROSS PROFIT	$798M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$370M
SG&A Expenses	$370M
Other Expenses	$0
Operating Expenses	$370M
Cost & Expenses	$2.4B
OPERATING INCOME	$428M
Interest Income	$400.0K
Interest Expense	$122M
Other Income/Expenses	-$83M
INCOME BEFORE TAX	$346M
Income Tax Expense	$84M
Net Income from Continuing Ops	$262M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$261M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	$97M
EBIT	$440M
EBITDA	$537M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$262M
Depreciation & Amortization	$97M
Stock-Based Compensation	$11M
Deferred Income Tax	$17M
Other Non-Cash Items	$10M
Change in Working Capital	-$175M
OPERATING CASH FLOW	$221M
Capital Expenditure	-$77M
Acquisitions (Net)	$139M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$12M
Other Investing Activities	$5M
NET CASH FROM INVESTING	$67M
Net Debt Issuance	-$61M
Common Stock Repurchased	$0
Common Dividends Paid	-$103M
Other Financing Activities	$900.0K
NET CASH FROM FINANCING	-$161M
FREE CASH FLOW	$143M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$0
Net Receivables	$948M
Inventory	$1.8B
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$2.3B
Goodwill	$11.4B
Intangible Assets	$4.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$19.5B
TOTAL ASSETS	$22.5B
Account Payables	$1.4B
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$500.0K
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$9.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$11.4B
TOTAL LIABILITIES	$14.8B
Common Stock	$2.9B
Additional Paid-In Capital	$2.3B
Retained Earnings	$5.3B
Treasury Stock	-$2.7B
Accum. Other Comp. Income	-$131M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$79M
TOTAL EQUITY	$7.7B
TOTAL LIABILITIES & EQUITY	$22.5B
Total Debt	$10.5B
Net Debt	$10.3B