CCEP Q4 2017 Earnings Report — Coca-Cola Europacific Partners PLC Revenue & Financial Results | Market Cap Arena

Coca-Cola Europacific Partners PLCCCEP

Q4 2017 Earnings

Reported March 15, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$6.6B	—	$6.5B	—	0.7%
Op. Income	$731M	—	$628M	—	16.4%
Gross Margin	39.7%	—	39.5%	—	0.2pp
Net Margin	4.3%	—	6.1%	—	-1.7pp
EPS (Diluted)	$0.58	—	$0.82	—	-28.6%
Free Cash Flow	$1.0B	—	$706M	—	43.5%

Revenue Flow

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$4.0B
GROSS PROFIT	$2.6B
R&D Expenses	$44M
Selling & Marketing	$1.3B
General & Administrative	$553M
SG&A Expenses	$1.8B
Other Expenses	$23M
Operating Expenses	$1.9B
Cost & Expenses	$5.8B
OPERATING INCOME	$731M
Interest Income	$13M
Interest Expense	$38M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$672M
Income Tax Expense	$388M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$284M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$284M
D&A	$199M
EBIT	$799M
EBITDA	$997M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.6B
Cost of Revenue	$4.0B
GROSS PROFIT	$2.6B
R&D Expenses	$44M
Selling & Marketing	$1.3B
General & Administrative	$553M
SG&A Expenses	$1.8B
Other Expenses	$23M
Operating Expenses	$1.9B
Cost & Expenses	$5.8B
OPERATING INCOME	$731M
Interest Income	$13M
Interest Expense	$38M
Other Income/Expenses	-$58M
INCOME BEFORE TAX	$672M
Income Tax Expense	$388M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$284M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$284M
D&A	$199M
EBIT	$799M
EBITDA	$997M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$284M
Depreciation & Amortization	$199M
Stock-Based Compensation	$8M
Deferred Income Tax	-$668M
Other Non-Cash Items	$221M
Change in Working Capital	$636M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$334M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$345M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$237M
Other Financing Activities	-$699M
NET CASH FROM FINANCING	-$937M
FREE CASH FLOW	$1.0B
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$421M
Short-Term Investments	$0
Net Receivables	$2.3B
Inventory	$760M
Other Current Assets	$383M
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$4.5B
Goodwill	$2.9B
Intangible Assets	$9.8B
Long-Term Investments	$0
Tax Assets	$65M
Other Non-Current Assets	$97M
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$21.3B
Account Payables	$1.2B
Short-Term Debt	$292M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$6.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$597M
TOTAL NON-CURRENT LIABILITIES	$9.6B
TOTAL LIABILITIES	$13.5B
Common Stock	$6M
Additional Paid-In Capital	$148M
Retained Earnings	$7.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$253M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.8B
Minority Interest	$0
TOTAL EQUITY	$7.8B
TOTAL LIABILITIES & EQUITY	$21.3B
Total Debt	$6.7B
Net Debt	$6.3B