CCEP Q2 2016 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

Q2 2016 Earnings

Reported June 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.7B	—	10.8%
Op. Income	$367M	—	$445M	—	-17.6%
Gross Margin	38.2%	—	36.8%	—	1.4pp
Net Margin	5.9%	—	7.4%	—	-1.5pp
EPS (Diluted)	$0.87	—	$1.17	—	-26.0%
Free Cash Flow	$212M	—	$207M	—	2.3%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$647M
General & Administrative	$525M
SG&A Expenses	$1.2B
Other Expenses	$46M
Operating Expenses	$1.2B
Cost & Expenses	$3.8B
OPERATING INCOME	$367M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$291M
Income Tax Expense	$46M
Net Income from Continuing Ops	$246M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$246M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$246M
D&A	$156M
EBIT	$413M
EBITDA	$568M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$647M
General & Administrative	$525M
SG&A Expenses	$1.2B
Other Expenses	$46M
Operating Expenses	$1.2B
Cost & Expenses	$3.8B
OPERATING INCOME	$367M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$291M
Income Tax Expense	$46M
Net Income from Continuing Ops	$246M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$246M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$246M
D&A	$156M
EBIT	$413M
EBITDA	$568M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$246M
Depreciation & Amortization	$156M
Stock-Based Compensation	$32M
Deferred Income Tax	$231M
Other Non-Cash Items	$209M
Change in Working Capital	-$247M
OPERATING CASH FLOW	$395M
Capital Expenditure	-$184M
Acquisitions (Net)	$174M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$26M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$3.6B
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$73M
Other Financing Activities	$14M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	$212M
Net Change in Cash	$381M

Balance Sheet

Item	Amount
Cash & Equivalents	$564M
Short-Term Investments	$0
Net Receivables	$2.6B
Inventory	$899M
Other Current Assets	$459M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$4.6B
Goodwill	$2.6B
Intangible Assets	$9.8B
Long-Term Investments	$0
Tax Assets	$290M
Other Non-Current Assets	$83M
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$21.9B
Account Payables	$2.8B
Short-Term Debt	$589M
Deferred Revenue	$0
Other Current Liabilities	$248M
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$7.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$475M
TOTAL NON-CURRENT LIABILITIES	$10.5B
TOTAL LIABILITIES	$14.5B
Common Stock	$6M
Additional Paid-In Capital	$127M
Retained Earnings	$10.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$0
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$21.9B
Total Debt	$8.0B
Net Debt	$7.5B