CCEP FY 2013 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$7.0B	—	$7.2B	—	-2.5%
Op. Income	$777M	—	$900M	—	-13.6%
Gross Margin	34.9%	—	36.0%	—	-1.1pp
Net Margin	8.1%	—	8.4%	—	-0.2pp
EPS (Diluted)	$2.07	—	$1.99	—	4.1%
Free Cash Flow	$442M	—	$505M	—	-12.5%

Revenue Flow

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$234M
General & Administrative	$1.2B
SG&A Expenses	$1.4B
Other Expenses	$263M
Operating Expenses	$1.7B
Cost & Expenses	$6.2B
OPERATING INCOME	$777M
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	-$93M
INCOME BEFORE TAX	$684M
Income Tax Expense	$117M
Net Income from Continuing Ops	$567M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$567M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$567M
D&A	$258M
EBIT	$879M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$234M
General & Administrative	$1.2B
SG&A Expenses	$1.4B
Other Expenses	$263M
Operating Expenses	$1.7B
Cost & Expenses	$6.2B
OPERATING INCOME	$777M
Interest Income	$0
Interest Expense	$87M
Other Income/Expenses	-$93M
INCOME BEFORE TAX	$684M
Income Tax Expense	$117M
Net Income from Continuing Ops	$567M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$567M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$567M
D&A	$258M
EBIT	$879M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$567M
Depreciation & Amortization	$258M
Stock-Based Compensation	$28M
Deferred Income Tax	$59M
Other Non-Cash Items	$8M
Change in Working Capital	-$152M
OPERATING CASH FLOW	$708M
Capital Expenditure	-$266M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$281M
Net Debt Issuance	$262M
Common Stock Repurchased	-$855M
Common Dividends Paid	-$181M
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$762M
FREE CASH FLOW	$442M
Net Change in Cash	-$321M

Balance Sheet

Item	Amount
Cash & Equivalents	$291M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$383M
Other Current Assets	$143M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$2.0B
Goodwill	$105M
Intangible Assets	$3.4B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$404M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$8.1B
Account Payables	$412M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$935M
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$6.1B
Common Stock	$3M
Additional Paid-In Capital	$3.3B
Retained Earnings	$1.3B
Treasury Stock	-$2.4B
Accum. Other Comp. Income	-$281M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$0
Net Debt	-$291M