CCEP Q2 2021 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

Q2 2021 Earnings

Reported July 2, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$6.9B	—	—	—	—
Op. Income	$608M	—	—	—	—
Gross Margin	35.9%	—	—	—	—
Net Margin	4.1%	—	—	—	—
EPS (Diluted)	$0.63	—	—	—	—
Free Cash Flow	$927M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$4.4B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$1.2B
General & Administrative	$614M
SG&A Expenses	$1.8B
Other Expenses	$57M
Operating Expenses	$1.9B
Cost & Expenses	$6.3B
OPERATING INCOME	$608M
Interest Income	$71M
Interest Expense	$0
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$532M
Income Tax Expense	$244M
Net Income from Continuing Ops	$288M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$285M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$285M
D&A	$400M
EBIT	$665M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$4.4B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$1.2B
General & Administrative	$614M
SG&A Expenses	$1.8B
Other Expenses	$57M
Operating Expenses	$1.9B
Cost & Expenses	$6.3B
OPERATING INCOME	$608M
Interest Income	$71M
Interest Expense	$0
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$532M
Income Tax Expense	$244M
Net Income from Continuing Ops	$288M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$285M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$285M
D&A	$400M
EBIT	$665M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$285M
Depreciation & Amortization	$400M
Stock-Based Compensation	$5M
Deferred Income Tax	$0
Other Non-Cash Items	$842M
Change in Working Capital	-$470M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$134M
Acquisitions (Net)	-$6.3B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$131M
NET CASH FROM INVESTING	-$6.3B
Net Debt Issuance	$5.1B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$315M
NET CASH FROM FINANCING	$5.4B
FREE CASH FLOW	$927M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$0
Net Receivables	$3.0B
Inventory	$1.4B
Other Current Assets	$449M
TOTAL CURRENT ASSETS	$7.0B
PP&E (Net)	$6.2B
Goodwill	$5.4B
Intangible Assets	$14.9B
Long-Term Investments	$0
Tax Assets	$26M
Other Non-Current Assets	$629M
TOTAL NON-CURRENT ASSETS	$27.1B
TOTAL ASSETS	$34.1B
Account Payables	$4.8B
Short-Term Debt	$1.9B
Deferred Revenue	$0
Other Current Liabilities	$235M
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$13.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.1B
Other Non-Current Liabilities	$516M
TOTAL NON-CURRENT LIABILITIES	$18.4B
TOTAL LIABILITIES	$26.2B
Common Stock	$6M
Additional Paid-In Capital	$246M
Retained Earnings	$7.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$116M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.7B
Minority Interest	$263M
TOTAL EQUITY	$7.9B
TOTAL LIABILITIES & EQUITY	$34.1B
Total Debt	$15.9B
Net Debt	$13.7B