CPB FY 2011 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2011 Earnings

Reported September 28, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$7.1B	—	$7.7B	—	-6.9%
Op. Income	$1.3B	—	$1.4B	—	-6.1%
Gross Margin	40.4%	—	41.0%	—	-0.6pp
Net Margin	11.3%	—	11.0%	—	0.3pp
EPS (Diluted)	$2.42	—	$2.42	—	0.0%
Free Cash Flow	$870M	—	$742M	—	17.3%

Revenue Flow

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$4.3B
GROSS PROFIT	$2.9B
R&D Expenses	$120M
Selling & Marketing	$909M
General & Administrative	$577M
SG&A Expenses	$1.5B
Other Expenses	$1M
Operating Expenses	$1.6B
Cost & Expenses	$5.9B
OPERATING INCOME	$1.3B
Interest Income	$10M
Interest Expense	$122M
Other Income/Expenses	-$181M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$351M
Net Income from Continuing Ops	$749M
Net Income from Discontinued Ops	$53M
Other Adjustments	$0
NET INCOME	$805M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$805M
D&A	$268M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$4.3B
GROSS PROFIT	$2.9B
R&D Expenses	$120M
Selling & Marketing	$909M
General & Administrative	$577M
SG&A Expenses	$1.5B
Other Expenses	$1M
Operating Expenses	$1.6B
Cost & Expenses	$5.9B
OPERATING INCOME	$1.3B
Interest Income	$10M
Interest Expense	$122M
Other Income/Expenses	-$181M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$351M
Net Income from Continuing Ops	$749M
Net Income from Discontinued Ops	$53M
Other Adjustments	$0
NET INCOME	$805M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$805M
D&A	$268M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$802M
Depreciation & Amortization	$268M
Stock-Based Compensation	$87M
Deferred Income Tax	$46M
Other Non-Cash Items	-$25M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$272M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$261M
Net Debt Issuance	$295M
Common Stock Repurchased	-$728M
Common Dividends Paid	-$378M
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$700M
FREE CASH FLOW	$870M
Net Change in Cash	$230M

Balance Sheet

Item	Amount
Cash & Equivalents	$484M
Short-Term Investments	$0
Net Receivables	$560M
Inventory	$767M
Other Current Assets	$152M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$2.1B
Goodwill	$2.1B
Intangible Assets	$527M
Long-Term Investments	$0
Tax Assets	$47M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$6.9B
Account Payables	$585M
Short-Term Debt	$656M
Deferred Revenue	$0
Other Current Liabilities	$299M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$367M
Other Non-Current Liabilities	$983M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$5.8B
Common Stock	$20M
Additional Paid-In Capital	$331M
Retained Earnings	$9.2B
Treasury Stock	-$8.0B
Accum. Other Comp. Income	-$427M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$8M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$3.1B
Net Debt	$2.6B