CPB FY 2009 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2009 Earnings

Reported September 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$7.6B	—	$8.0B	—	-5.2%
Op. Income	$1.2B	—	$1.3B	—	-7.9%
Gross Margin	39.9%	—	39.6%	—	0.3pp
Net Margin	9.7%	—	14.6%	—	-4.9pp
EPS (Diluted)	$2.06	—	$3.03	—	-32.0%
Free Cash Flow	$821M	—	$468M	—	75.4%

Revenue Flow

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$4.6B
GROSS PROFIT	$3.0B
R&D Expenses	$114M
Selling & Marketing	$1.1B
General & Administrative	$591M
SG&A Expenses	$1.7B
Other Expenses	$67M
Operating Expenses	$1.8B
Cost & Expenses	$6.4B
OPERATING INCOME	$1.2B
Interest Income	$4M
Interest Expense	$110M
Other Income/Expenses	-$100M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$347M
Net Income from Continuing Ops	$732M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$736M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$736M
D&A	$264M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$4.6B
GROSS PROFIT	$3.0B
R&D Expenses	$114M
Selling & Marketing	$1.1B
General & Administrative	$591M
SG&A Expenses	$1.7B
Other Expenses	$67M
Operating Expenses	$1.8B
Cost & Expenses	$6.4B
OPERATING INCOME	$1.2B
Interest Income	$4M
Interest Expense	$110M
Other Income/Expenses	-$100M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$347M
Net Income from Continuing Ops	$732M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$736M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$736M
D&A	$264M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$736M
Depreciation & Amortization	$264M
Stock-Based Compensation	$84M
Deferred Income Tax	$144M
Other Non-Cash Items	$22M
Change in Working Capital	-$84M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$345M
Acquisitions (Net)	-$28M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$378M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$527M
Common Dividends Paid	-$350M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$814M
FREE CASH FLOW	$821M
Net Change in Cash	-$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$51M
Short-Term Investments	$0
Net Receivables	$528M
Inventory	$824M
Other Current Assets	$148M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$2.0B
Goodwill	$1.9B
Intangible Assets	$522M
Long-Term Investments	$0
Tax Assets	$24M
Other Non-Current Assets	$81M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$6.1B
Account Payables	$569M
Short-Term Debt	$378M
Deferred Revenue	$0
Other Current Liabilities	$255M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$237M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$5.3B
Common Stock	$20M
Additional Paid-In Capital	$332M
Retained Earnings	$8.3B
Treasury Stock	-$7.2B
Accum. Other Comp. Income	-$718M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$728M
Minority Interest	$3M
TOTAL EQUITY	$731M
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$2.6B
Net Debt	$2.6B