CCEP FY 2021 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

FY 2021 Earnings

Reported March 15, 2022

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	$16.1B	—	—	—	—
Op. Income	$1.8B	—	—	—	—
Gross Margin	37.1%	—	—	—	—
Net Margin	7.1%	—	—	—	—
EPS (Diluted)	$2.51	—	—	—	—
Free Cash Flow	$2.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$10.1B
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$2.9B
General & Administrative	$1.1B
SG&A Expenses	$4.0B
Other Expenses	$236M
Operating Expenses	$4.2B
Cost & Expenses	$14.3B
OPERATING INCOME	$1.8B
Interest Income	$52M
Interest Expense	$112M
Other Income/Expenses	-$157M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$461M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$844M
EBIT	$2.0B
EBITDA	$2.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$16.1B
Cost of Revenue	$10.1B
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$2.9B
General & Administrative	$1.1B
SG&A Expenses	$4.0B
Other Expenses	$236M
Operating Expenses	$4.2B
Cost & Expenses	$14.3B
OPERATING INCOME	$1.8B
Interest Income	$52M
Interest Expense	$112M
Other Income/Expenses	-$157M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$461M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$844M
EBIT	$2.0B
EBITDA	$2.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$844M
Stock-Based Compensation	$19M
Deferred Income Tax	$0
Other Non-Cash Items	$331M
Change in Working Capital	$133M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$408M
Acquisitions (Net)	-$6.3B
Purchases of Investments	-$5M
Sales/Maturities of Investments	$271M
Other Investing Activities	-$97M
NET CASH FROM INVESTING	-$6.6B
Net Debt Issuance	$4.9B
Common Stock Repurchased	$0
Common Dividends Paid	-$746M
Other Financing Activities	-$355M
NET CASH FROM FINANCING	$3.8B
FREE CASH FLOW	$2.1B
Net Change in Cash	-$136M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$68M
Net Receivables	$3.0B
Inventory	$1.4B
Other Current Assets	$509M
TOTAL CURRENT ASSETS	$6.7B
PP&E (Net)	$6.1B
Goodwill	$5.4B
Intangible Assets	$14.8B
Long-Term Investments	$0
Tax Assets	$70M
Other Non-Current Assets	$889M
TOTAL NON-CURRENT ASSETS	$27.3B
TOTAL ASSETS	$34.0B
Account Payables	$2.0B
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$7.1B
Long-Term Debt	$13.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.2B
Other Non-Current Liabilities	$444M
TOTAL NON-CURRENT LIABILITIES	$18.5B
TOTAL LIABILITIES	$25.6B
Common Stock	$6M
Additional Paid-In Capital	$257M
Retained Earnings	$7.8B
Treasury Stock	$0
Accum. Other Comp. Income	$153M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.2B
Minority Interest	$207M
TOTAL EQUITY	$8.4B
TOTAL LIABILITIES & EQUITY	$34.0B
Total Debt	$15.4B
Net Debt	$13.7B