CPB FY 2020 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2020 Earnings

Reported September 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$8.7B	—	$8.1B	—	7.2%
Op. Income	$1.3B	—	$1.1B	—	20.5%
Gross Margin	34.5%	—	33.2%	—	1.3pp
Net Margin	18.7%	—	2.6%	—	16.1pp
EPS (Diluted)	$5.36	—	$0.70	—	665.7%
Free Cash Flow	$1.1B	—	$1.0B	—	8.2%

Revenue Flow

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$5.7B
GROSS PROFIT	$3.0B
R&D Expenses	$93M
Selling & Marketing	$947M
General & Administrative	$622M
SG&A Expenses	$1.6B
Other Expenses	$43M
Operating Expenses	$1.7B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.3B
Interest Income	$4M
Interest Expense	$345M
Other Income/Expenses	-$528M
INCOME BEFORE TAX	$766M
Income Tax Expense	$174M
Net Income from Continuing Ops	$592M
Net Income from Discontinued Ops	$1.0B
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$328M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$5.7B
GROSS PROFIT	$3.0B
R&D Expenses	$93M
Selling & Marketing	$947M
General & Administrative	$622M
SG&A Expenses	$1.6B
Other Expenses	$43M
Operating Expenses	$1.7B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.3B
Interest Income	$4M
Interest Expense	$345M
Other Income/Expenses	-$528M
INCOME BEFORE TAX	$766M
Income Tax Expense	$174M
Net Income from Continuing Ops	$592M
Net Income from Discontinued Ops	$1.0B
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$328M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$328M
Stock-Based Compensation	$61M
Deferred Income Tax	-$6M
Other Non-Cash Items	-$707M
Change in Working Capital	$92M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$299M
Acquisitions (Net)	$2.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$30M
Other Investing Activities	$4M
NET CASH FROM INVESTING	$2.3B
Net Debt Issuance	-$791M
Common Stock Repurchased	$0
Common Dividends Paid	-$426M
Other Financing Activities	-$1.8B
NET CASH FROM FINANCING	-$3.0B
FREE CASH FLOW	$1.1B
Net Change in Cash	$828M

Balance Sheet

Item	Amount
Cash & Equivalents	$859M
Short-Term Investments	$0
Net Receivables	$575M
Inventory	$871M
Other Current Assets	$80M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$2.6B
Goodwill	$4.0B
Intangible Assets	$3.4B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$10.0B
TOTAL ASSETS	$12.4B
Account Payables	$1.0B
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$263M
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$5.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$914M
Other Non-Current Liabilities	$636M
TOTAL NON-CURRENT LIABILITIES	$6.7B
TOTAL LIABILITIES	$9.8B
Common Stock	$12M
Additional Paid-In Capital	$394M
Retained Earnings	$3.2B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$6M
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$6.4B
Net Debt	$5.6B