CPB FY 2007 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2007 Earnings

Reported September 26, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$7.4B	—	$7.3B	—	0.6%
Op. Income	$1.2B	—	$1.2B	—	4.9%
Gross Margin	40.6%	—	41.9%	—	-1.2pp
Net Margin	11.6%	—	10.4%	—	1.1pp
EPS (Diluted)	$2.16	—	$1.85	—	16.8%
Free Cash Flow	$340M	—	$917M	—	-62.9%

Revenue Flow

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$4.4B
GROSS PROFIT	$3.0B
R&D Expenses	$111M
Selling & Marketing	$1.1B
General & Administrative	$571M
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$6.2B
OPERATING INCOME	$1.2B
Interest Income	$19M
Interest Expense	$163M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$307M
Net Income from Continuing Ops	$792M
Net Income from Discontinued Ops	$62M
Other Adjustments	$0
NET INCOME	$854M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$854M
D&A	$283M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$4.4B
GROSS PROFIT	$3.0B
R&D Expenses	$111M
Selling & Marketing	$1.1B
General & Administrative	$571M
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$6.2B
OPERATING INCOME	$1.2B
Interest Income	$19M
Interest Expense	$163M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$307M
Net Income from Continuing Ops	$792M
Net Income from Discontinued Ops	$62M
Other Adjustments	$0
NET INCOME	$854M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$854M
D&A	$283M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$854M
Depreciation & Amortization	$283M
Stock-Based Compensation	$0
Deferred Income Tax	$10M
Other Non-Cash Items	-$303M
Change in Working Capital	-$228M
OPERATING CASH FLOW	$674M
Capital Expenditure	-$334M
Acquisitions (Net)	$906M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$31M
NET CASH FROM INVESTING	$603M
Net Debt Issuance	-$605M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$308M
Other Financing Activities	$25M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$340M
Net Change in Cash	-$586M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$0
Net Receivables	$581M
Inventory	$775M
Other Current Assets	$151M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$2.0B
Goodwill	$1.9B
Intangible Assets	$615M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$330M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$6.4B
Account Payables	$694M
Short-Term Debt	$595M
Deferred Revenue	$0
Other Current Liabilities	$77M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$354M
Other Non-Current Liabilities	$692M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$5.2B
Common Stock	$20M
Additional Paid-In Capital	$331M
Retained Earnings	$7.1B
Treasury Stock	-$6.0B
Accum. Other Comp. Income	-$125M
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$6.4B
Total Debt	$2.7B
Net Debt	$2.6B