CCEP Q4 2015 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

Q4 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2015	Q3 2015	Q4 2014	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.9B	—	-6.7%
Op. Income	$442M	—	$522M	—	-15.3%
Gross Margin	37.8%	—	36.4%	—	1.5pp
Net Margin	8.8%	—	8.6%	—	0.2pp
EPS (Diluted)	$1.38	—	$1.37	—	0.9%
Free Cash Flow	$530M	—	$573M	—	-7.5%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.4B
R&D Expenses	$29M
Selling & Marketing	$509M
General & Administrative	$350M
SG&A Expenses	$858M
Other Expenses	$55M
Operating Expenses	$942M
Cost & Expenses	$3.2B
OPERATING INCOME	$442M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$372M
Income Tax Expense	$49M
Net Income from Continuing Ops	$323M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$323M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$323M
D&A	$122M
EBIT	$526M
EBITDA	$648M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.4B
R&D Expenses	$29M
Selling & Marketing	$509M
General & Administrative	$350M
SG&A Expenses	$858M
Other Expenses	$55M
Operating Expenses	$942M
Cost & Expenses	$3.2B
OPERATING INCOME	$442M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$372M
Income Tax Expense	$49M
Net Income from Continuing Ops	$323M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$323M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$323M
D&A	$122M
EBIT	$526M
EBITDA	$648M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$323M
Depreciation & Amortization	$122M
Stock-Based Compensation	$29M
Deferred Income Tax	-$365M
Other Non-Cash Items	-$129M
Change in Working Capital	$322M
OPERATING CASH FLOW	$666M
Capital Expenditure	-$137M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$48M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	-$70M
Other Financing Activities	-$694M
NET CASH FROM FINANCING	-$831M
FREE CASH FLOW	$530M
Net Change in Cash	-$257M

Balance Sheet

Item	Amount
Cash & Equivalents	$182M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$434M
Other Current Assets	$48M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$2.0B
Goodwill	$95M
Intangible Assets	$3.7B
Long-Term Investments	$0
Tax Assets	$95M
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$8.2B
Account Payables	$524M
Short-Term Debt	$483M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$3.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$899M
Other Non-Current Liabilities	$267M
TOTAL NON-CURRENT LIABILITIES	$4.8B
TOTAL LIABILITIES	$7.2B
Common Stock	$4M
Additional Paid-In Capital	$3.2B
Retained Earnings	$1.9B
Treasury Stock	-$3.9B
Accum. Other Comp. Income	-$210M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$4.1B
Net Debt	$4.0B