CCEP FY 2014 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$7.3B	—	$7.0B	—	4.3%
Op. Income	$873M	—	$776M	—	12.6%
Gross Margin	35.9%	—	34.9%	—	1.0pp
Net Margin	7.8%	—	8.1%	—	-0.3pp
EPS (Diluted)	$2.24	—	$2.07	—	8.5%
Free Cash Flow	$693M	—	$441M	—	57.0%

Revenue Flow

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$4.7B
GROSS PROFIT	$2.6B
R&D Expenses	$22M
Selling & Marketing	$1.1B
General & Administrative	$630M
SG&A Expenses	$1.7B
Other Expenses	-$21M
Operating Expenses	$1.7B
Cost & Expenses	$6.4B
OPERATING INCOME	$873M
Interest Income	$98M
Interest Expense	$138M
Other Income/Expenses	-$104M
INCOME BEFORE TAX	$769M
Income Tax Expense	$203M
Net Income from Continuing Ops	$566M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$566M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$566M
D&A	$244M
EBIT	$875M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$4.7B
GROSS PROFIT	$2.6B
R&D Expenses	$22M
Selling & Marketing	$1.1B
General & Administrative	$630M
SG&A Expenses	$1.7B
Other Expenses	-$21M
Operating Expenses	$1.7B
Cost & Expenses	$6.4B
OPERATING INCOME	$873M
Interest Income	$98M
Interest Expense	$138M
Other Income/Expenses	-$104M
INCOME BEFORE TAX	$769M
Income Tax Expense	$203M
Net Income from Continuing Ops	$566M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$566M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$566M
D&A	$244M
EBIT	$875M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$566M
Depreciation & Amortization	$244M
Stock-Based Compensation	$26M
Deferred Income Tax	$106M
Other Non-Cash Items	$264M
Change in Working Capital	-$147M
OPERATING CASH FLOW	$953M
Capital Expenditure	-$260M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$242M
Net Debt Issuance	$192M
Common Stock Repurchased	-$787M
Common Dividends Paid	-$216M
Other Financing Activities	$20M
NET CASH FROM FINANCING	-$792M
FREE CASH FLOW	$693M
Net Change in Cash	-$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$215M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$437M
Other Current Assets	$116M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$2.0B
Goodwill	$98M
Intangible Assets	$3.6B
Long-Term Investments	$0
Tax Assets	$152M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$8.2B
Account Payables	$519M
Short-Term Debt	$600M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$924M
Other Non-Current Liabilities	$216M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$6.9B
Common Stock	$4M
Additional Paid-In Capital	$3.2B
Retained Earnings	$1.6B
Treasury Stock	-$3.3B
Accum. Other Comp. Income	-$110M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$3.8B
Net Debt	$3.6B