CCEP Q4 2016 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

Q4 2016 Earnings

Reported April 12, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$6.5B	—	$3.7B	—	78.5%
Op. Income	$628M	—	$442M	—	42.1%
Gross Margin	39.5%	—	37.8%	—	1.7pp
Net Margin	6.1%	—	8.8%	—	-2.8pp
EPS (Diluted)	$0.82	—	$1.38	—	-40.7%
Free Cash Flow	$706M	—	$530M	—	33.3%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$4.0B
GROSS PROFIT	$2.6B
R&D Expenses	$39M
Selling & Marketing	$1.2B
General & Administrative	$741M
SG&A Expenses	$2.0B
Other Expenses	-$69M
Operating Expenses	$2.0B
Cost & Expenses	$5.9B
OPERATING INCOME	$628M
Interest Income	$12M
Interest Expense	$52M
Other Income/Expenses	-$78M
INCOME BEFORE TAX	$550M
Income Tax Expense	$153M
Net Income from Continuing Ops	$396M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$396M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$396M
D&A	$213M
EBIT	$597M
EBITDA	$810M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$4.0B
GROSS PROFIT	$2.6B
R&D Expenses	$39M
Selling & Marketing	$1.2B
General & Administrative	$741M
SG&A Expenses	$2.0B
Other Expenses	-$69M
Operating Expenses	$2.0B
Cost & Expenses	$5.9B
OPERATING INCOME	$628M
Interest Income	$12M
Interest Expense	$52M
Other Income/Expenses	-$78M
INCOME BEFORE TAX	$550M
Income Tax Expense	$153M
Net Income from Continuing Ops	$396M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$396M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$396M
D&A	$213M
EBIT	$597M
EBITDA	$810M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$396M
Depreciation & Amortization	$213M
Stock-Based Compensation	$18M
Deferred Income Tax	-$454M
Other Non-Cash Items	$163M
Change in Working Capital	$270M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$353M
Acquisitions (Net)	-$46M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$413M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	-$665M
NET CASH FROM FINANCING	-$760M
FREE CASH FLOW	$706M
Net Change in Cash	-$112M

Balance Sheet

Item	Amount
Cash & Equivalents	$451M
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$787M
Other Current Assets	$312M
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$4.7B
Goodwill	$2.8B
Intangible Assets	$9.8B
Long-Term Investments	$0
Tax Assets	$320M
Other Non-Current Assets	$123M
TOTAL NON-CURRENT ASSETS	$17.7B
TOTAL ASSETS	$21.7B
Account Payables	$1.1B
Short-Term Debt	$993M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$6.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$637M
TOTAL NON-CURRENT LIABILITIES	$9.8B
TOTAL LIABILITIES	$14.2B
Common Stock	$6M
Additional Paid-In Capital	$133M
Retained Earnings	$7.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$154M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$0
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$21.7B
Total Debt	$7.5B
Net Debt	$7.1B