CPB Q2 2017 Earnings Report — Campbell Soup Company Revenue & Financial Results | Market Cap Arena

Campbell Soup CompanyCPB

Q2 2017 Earnings

Reported March 9, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$2.2B	$2.2B	—	-1.4%	—
Op. Income	$400M	$464M	—	-13.8%	—
Gross Margin	37.4%	38.6%	—	-1.3pp	—
Net Margin	4.7%	13.3%	—	-8.6pp	—
EPS (Diluted)	$0.33	$0.94	—	-64.9%	—
Free Cash Flow	$375M	$173M	—	116.8%	—

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$811M
R&D Expenses	$25M
Selling & Marketing	$240M
General & Administrative	$141M
SG&A Expenses	$381M
Other Expenses	$5M
Operating Expenses	$411M
Cost & Expenses	$1.8B
OPERATING INCOME	$400M
Interest Income	$1M
Interest Expense	$29M
Other Income/Expenses	-$223M
INCOME BEFORE TAX	$177M
Income Tax Expense	$76M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$77M
EBIT	$206M
EBITDA	$283M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$811M
R&D Expenses	$25M
Selling & Marketing	$240M
General & Administrative	$141M
SG&A Expenses	$381M
Other Expenses	$5M
Operating Expenses	$411M
Cost & Expenses	$1.8B
OPERATING INCOME	$400M
Interest Income	$1M
Interest Expense	$29M
Other Income/Expenses	-$223M
INCOME BEFORE TAX	$177M
Income Tax Expense	$76M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$77M
EBIT	$206M
EBITDA	$283M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$77M
Stock-Based Compensation	$18M
Deferred Income Tax	-$19M
Other Non-Cash Items	$201M
Change in Working Capital	$68M
OPERATING CASH FLOW	$446M
Capital Expenditure	-$71M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	-$118M
Common Stock Repurchased	-$122M
Common Dividends Paid	-$107M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$345M
FREE CASH FLOW	$375M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$309M
Short-Term Investments	$0
Net Receivables	$714M
Inventory	$820M
Other Current Assets	$53M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$2.4B
Goodwill	$2.1B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$120M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$7.6B
Account Payables	$564M
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$402M
Other Non-Current Liabilities	$960M
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$6.1B
Common Stock	$12M
Additional Paid-In Capital	$334M
Retained Earnings	$2.1B
Treasury Stock	-$865M
Accum. Other Comp. Income	-$113M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$9M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$3.5B
Net Debt	$3.2B