CCEP Q2 2015 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

Q2 2015 Earnings

Reported July 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2015	Q1 2015	Q2 2014	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.6B	—	3.8%
Op. Income	$445M	—	$411M	—	8.4%
Gross Margin	36.8%	—	35.6%	—	1.2pp
Net Margin	7.4%	—	7.4%	—	-0.0pp
EPS (Diluted)	$1.17	—	$1.04	—	12.4%
Free Cash Flow	$207M	—	$49M	—	323.3%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$544M
General & Administrative	$345M
SG&A Expenses	$889M
Other Expenses	$42M
Operating Expenses	$931M
Cost & Expenses	$3.3B
OPERATING INCOME	$445M
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$381M
Income Tax Expense	$104M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$277M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$277M
D&A	$131M
EBIT	$488M
EBITDA	$618M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$544M
General & Administrative	$345M
SG&A Expenses	$889M
Other Expenses	$42M
Operating Expenses	$931M
Cost & Expenses	$3.3B
OPERATING INCOME	$445M
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$381M
Income Tax Expense	$104M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$277M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$277M
D&A	$131M
EBIT	$488M
EBITDA	$618M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$277M
Depreciation & Amortization	$131M
Stock-Based Compensation	$16M
Deferred Income Tax	$229M
Other Non-Cash Items	$195M
Change in Working Capital	-$208M
OPERATING CASH FLOW	$412M
Capital Expenditure	-$205M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$25M
NET CASH FROM INVESTING	-$229M
Net Debt Issuance	$572M
Common Stock Repurchased	-$514M
Common Dividends Paid	-$66M
Other Financing Activities	$108M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$207M
Net Change in Cash	$224M

Balance Sheet

Item	Amount
Cash & Equivalents	$436M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$428M
Other Current Assets	$340M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$2.1B
Goodwill	$98M
Intangible Assets	$3.7B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$226M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$9.1B
Account Payables	$585M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$997M
Other Non-Current Liabilities	$4.1B
TOTAL NON-CURRENT LIABILITIES	$5.1B
TOTAL LIABILITIES	$8.0B
Common Stock	$3M
Additional Paid-In Capital	$4.2B
Retained Earnings	$2.2B
Treasury Stock	-$4.5B
Accum. Other Comp. Income	-$841M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.1B
Total Debt	$0
Net Debt	-$436M