CPB FY 2021 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2021 Earnings

Reported September 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$8.5B	—	$8.7B	—	-2.5%
Op. Income	$1.3B	—	$1.3B	—	-1.9%
Gross Margin	33.2%	—	34.5%	—	-1.3pp
Net Margin	11.8%	—	18.7%	—	-6.9pp
EPS (Diluted)	$3.29	—	$5.36	—	-38.6%
Free Cash Flow	$760M	—	$1.1B	—	-30.7%

Revenue Flow

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$5.7B
GROSS PROFIT	$2.8B
R&D Expenses	$84M
Selling & Marketing	$817M
General & Administrative	$598M
SG&A Expenses	$1.4B
Other Expenses	$42M
Operating Expenses	$1.5B
Cost & Expenses	$7.2B
OPERATING INCOME	$1.3B
Interest Income	$1M
Interest Expense	$210M
Other Income/Expenses	$66M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$328M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	-$6M
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$317M
EBIT	$1.5B
EBITDA	$1.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$5.7B
GROSS PROFIT	$2.8B
R&D Expenses	$84M
Selling & Marketing	$817M
General & Administrative	$598M
SG&A Expenses	$1.4B
Other Expenses	$42M
Operating Expenses	$1.5B
Cost & Expenses	$7.2B
OPERATING INCOME	$1.3B
Interest Income	$1M
Interest Expense	$210M
Other Income/Expenses	$66M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$328M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	-$6M
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$317M
EBIT	$1.5B
EBITDA	$1.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$317M
Stock-Based Compensation	$64M
Deferred Income Tax	$137M
Other Non-Cash Items	-$196M
Change in Working Capital	-$289M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$275M
Acquisitions (Net)	$109M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$158M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	-$36M
Common Dividends Paid	-$439M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$760M
Net Change in Cash	-$790M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$0
Net Receivables	$595M
Inventory	$933M
Other Current Assets	$98M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$2.6B
Goodwill	$4.0B
Intangible Assets	$3.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$214M
TOTAL NON-CURRENT ASSETS	$10.0B
TOTAL ASSETS	$11.7B
Account Payables	$1.1B
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	$206M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$5.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$525M
TOTAL NON-CURRENT LIABILITIES	$6.8B
TOTAL LIABILITIES	$8.6B
Common Stock	$12M
Additional Paid-In Capital	$414M
Retained Earnings	$3.7B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$2M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$11.7B
Total Debt	$5.3B
Net Debt	$5.2B