DEO Q2 2019 Earnings Report — Diageo plc Revenue & Financial Results | Market Cap Arena

Q2 2019 Earnings

Reported December 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$9.3B	—	—	—	—
Op. Income	$3.3B	—	—	—	—
Gross Margin	63.7%	—	—	—	—
Net Margin	28.6%	—	—	—	—
EPS (Diluted)	$4.31	—	—	—	—
Free Cash Flow	$1.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$3.4B
GROSS PROFIT	$5.9B
R&D Expenses	$0
Selling & Marketing	$1.4B
General & Administrative	-$3M
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$5.6B
OPERATING INCOME	$3.3B
Interest Income	$169M
Interest Expense	$0
Other Income/Expenses	$266M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$755M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$249M
EBIT	$3.3B
EBITDA	$3.6B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$3.4B
GROSS PROFIT	$5.9B
R&D Expenses	$0
Selling & Marketing	$1.4B
General & Administrative	-$3M
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$5.6B
OPERATING INCOME	$3.3B
Interest Income	$169M
Interest Expense	$0
Other Income/Expenses	$266M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$755M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$249M
EBIT	$3.3B
EBITDA	$3.6B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$249M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$697M
Change in Working Capital	-$1.4B
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$365M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$539M
NET CASH FROM INVESTING	$174M
Net Debt Issuance	$0
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$1.3B
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.8B
Net Change in Cash	$952M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$16M
Net Receivables	$4.8B
Inventory	$7.1B
Other Current Assets	$144M
TOTAL CURRENT ASSETS	$14.2B
PP&E (Net)	$5.7B
Goodwill	$0
Intangible Assets	$16.9B
Long-Term Investments	$4.8B
Tax Assets	$143M
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$29.1B
TOTAL ASSETS	$43.3B
Account Payables	$6.0B
Short-Term Debt	$2.3B
Deferred Revenue	$601M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$9.6B
Long-Term Debt	$13.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.9B
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$18.7B
TOTAL LIABILITIES	$28.3B
Common Stock	$1.0B
Additional Paid-In Capital	$1.8B
Retained Earnings	$6.6B
Treasury Stock	-$2.8B
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.6B
Minority Interest	$2.4B
TOTAL EQUITY	$15.0B
TOTAL LIABILITIES & EQUITY	$43.3B
Total Debt	$16.2B
Net Debt	$14.1B