DEO Q2 2022 Earnings Report — Diageo plc Revenue & Financial Results | Market Cap Arena

Q2 2022 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$10.7B	—	$9.3B	—	15.8%
Op. Income	$3.7B	—	$3.0B	—	21.6%
Gross Margin	62.9%	—	61.3%	—	1.6pp
Net Margin	24.7%	—	23.0%	—	1.7pp
EPS (Diluted)	$4.53	—	$3.61	—	25.4%
Free Cash Flow	$2.1B	—	$2.4B	—	-10.5%

Revenue Flow

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$4.0B
GROSS PROFIT	$6.7B
R&D Expenses	$0
Selling & Marketing	$911M
General & Administrative	$2.1B
SG&A Expenses	$3.0B
Other Expenses	$0
Operating Expenses	$3.0B
Cost & Expenses	$7.0B
OPERATING INCOME	$3.7B
Interest Income	$82M
Interest Expense	$301M
Other Income/Expenses	-$284M
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$855M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$256M
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$302M
EBIT	$3.7B
EBITDA	$4.0B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$4.0B
GROSS PROFIT	$6.7B
R&D Expenses	$0
Selling & Marketing	$911M
General & Administrative	$2.1B
SG&A Expenses	$3.0B
Other Expenses	$0
Operating Expenses	$3.0B
Cost & Expenses	$7.0B
OPERATING INCOME	$3.7B
Interest Income	$82M
Interest Expense	$301M
Other Income/Expenses	-$284M
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$855M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$256M
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$302M
EBIT	$3.7B
EBITDA	$4.0B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$302M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$1.7B
Change in Working Capital	-$688M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$515M
Acquisitions (Net)	-$169M
Purchases of Investments	$82M
Sales/Maturities of Investments	$4M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$680M
Net Debt Issuance	-$986M
Common Stock Repurchased	-$743M
Common Dividends Paid	-$1.4B
Other Financing Activities	-$69M
NET CASH FROM FINANCING	-$3.1B
FREE CASH FLOW	$2.1B
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$89M
Net Receivables	$6.4B
Inventory	$8.4B
Other Current Assets	$314M
TOTAL CURRENT ASSETS	$15.6B
PP&E (Net)	$6.9B
Goodwill	$0
Intangible Assets	$6.4B
Long-Term Investments	$5.1B
Tax Assets	$112M
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$29.1B
TOTAL ASSETS	$44.7B
Account Payables	$7.2B
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$10.3B
Long-Term Debt	$16.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$21.9B
TOTAL LIABILITIES	$32.1B
Common Stock	$994M
Additional Paid-In Capital	$1.8B
Retained Earnings	$7.9B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	$2.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.3B
Minority Interest	$2.3B
TOTAL EQUITY	$12.6B
TOTAL LIABILITIES & EQUITY	$44.7B
Total Debt	$18.7B
Net Debt	$16.3B