CPB FY 2022 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

FY 2022 Earnings

Reported September 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$8.6B	—	$8.5B	—	1.0%
Op. Income	$1.1B	—	$1.3B	—	-9.6%
Gross Margin	30.7%	—	33.2%	—	-2.5pp
Net Margin	8.8%	—	11.8%	—	-3.0pp
EPS (Diluted)	$2.51	—	$3.29	—	-23.7%
Free Cash Flow	$939M	—	$760M	—	23.6%

Revenue Flow

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$5.9B
GROSS PROFIT	$2.6B
R&D Expenses	$87M
Selling & Marketing	$734M
General & Administrative	$617M
SG&A Expenses	$1.4B
Other Expenses	$41M
Operating Expenses	$1.5B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.1B
Interest Income	$1M
Interest Expense	$189M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$975M
Income Tax Expense	$218M
Net Income from Continuing Ops	$757M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$757M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$337M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$5.9B
GROSS PROFIT	$2.6B
R&D Expenses	$87M
Selling & Marketing	$734M
General & Administrative	$617M
SG&A Expenses	$1.4B
Other Expenses	$41M
Operating Expenses	$1.5B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.1B
Interest Income	$1M
Interest Expense	$189M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$975M
Income Tax Expense	$218M
Net Income from Continuing Ops	$757M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$757M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$337M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$757M
Depreciation & Amortization	$337M
Stock-Based Compensation	$59M
Deferred Income Tax	$21M
Other Non-Cash Items	$48M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$242M
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$230M
Net Debt Issuance	$176M
Common Stock Repurchased	-$167M
Common Dividends Paid	-$451M
Other Financing Activities	-$471M
NET CASH FROM FINANCING	-$910M
FREE CASH FLOW	$939M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$109M
Short-Term Investments	$0
Net Receivables	$541M
Inventory	$1.2B
Other Current Assets	$67M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$2.6B
Goodwill	$4.0B
Intangible Assets	$3.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$170M
TOTAL NON-CURRENT ASSETS	$9.9B
TOTAL ASSETS	$11.9B
Account Payables	$1.3B
Short-Term Debt	$800M
Deferred Revenue	$0
Other Current Liabilities	$250M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$4.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$427M
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$8.6B
Common Stock	$12M
Additional Paid-In Capital	$415M
Retained Earnings	$4.0B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$2M
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$11.9B
Total Debt	$5.0B
Net Debt	$4.9B