CPB FY 2019 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2019 Earnings

Reported September 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$8.1B	—	$6.6B	—	22.6%
Op. Income	$1.1B	—	$972M	—	10.5%
Gross Margin	33.2%	—	35.9%	—	-2.7pp
Net Margin	2.6%	—	3.9%	—	-1.3pp
EPS (Diluted)	$0.70	—	$0.86	—	-18.6%
Free Cash Flow	$1.0B	—	$898M	—	12.9%

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$5.4B
GROSS PROFIT	$2.7B
R&D Expenses	$91M
Selling & Marketing	$842M
General & Administrative	$638M
SG&A Expenses	$1.5B
Other Expenses	$48M
Operating Expenses	$1.6B
Cost & Expenses	$7.0B
OPERATING INCOME	$1.1B
Interest Income	$2M
Interest Expense	$356M
Other Income/Expenses	-$449M
INCOME BEFORE TAX	$625M
Income Tax Expense	$151M
Net Income from Continuing Ops	$474M
Net Income from Discontinued Ops	-$263M
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	$446M
EBIT	$981M
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$5.4B
GROSS PROFIT	$2.7B
R&D Expenses	$91M
Selling & Marketing	$842M
General & Administrative	$638M
SG&A Expenses	$1.5B
Other Expenses	$48M
Operating Expenses	$1.6B
Cost & Expenses	$7.0B
OPERATING INCOME	$1.1B
Interest Income	$2M
Interest Expense	$356M
Other Income/Expenses	-$449M
INCOME BEFORE TAX	$625M
Income Tax Expense	$151M
Net Income from Continuing Ops	$474M
Net Income from Discontinued Ops	-$263M
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	$446M
EBIT	$981M
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$211M
Depreciation & Amortization	$446M
Stock-Based Compensation	$58M
Deferred Income Tax	$14M
Other Non-Cash Items	$520M
Change in Working Capital	$149M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$384M
Acquisitions (Net)	$523M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	$153M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$423M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$1.0B
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$0
Net Receivables	$574M
Inventory	$863M
Other Current Assets	$499M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$2.5B
Goodwill	$4.0B
Intangible Assets	$3.4B
Long-Term Investments	$77M
Tax Assets	$2M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$11.2B
TOTAL ASSETS	$13.1B
Account Payables	$814M
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$711M
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$7.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$924M
Other Non-Current Liabilities	$624M
TOTAL NON-CURRENT LIABILITIES	$8.7B
TOTAL LIABILITIES	$12.0B
Common Stock	$12M
Additional Paid-In Capital	$372M
Retained Earnings	$2.0B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$198M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$9M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$13.1B
Total Debt	$8.5B
Net Debt	$8.4B