DEO Q4 2021 Earnings Report — Diageo plc Revenue & Financial Results | Market Cap Arena

Q4 2021 Earnings

Reported June 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$7.9B	—	$6.1B	—	28.7%
Op. Income	$2.0B	—	$1.3B	—	54.5%
Gross Margin	59.4%	—	57.1%	—	2.3pp
Net Margin	18.4%	—	-10.0%	—	28.5pp
EPS (Diluted)	$2.48	—	$-1.08	—	330.0%
Free Cash Flow	$1.7B	—	$893M	—	93.4%

Revenue Flow

Item	Amount
REVENUE	$7.9B
Cost of Revenue	$3.2B
GROSS PROFIT	$4.7B
R&D Expenses	$27M
Selling & Marketing	$727M
General & Administrative	$2.0B
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$5.9B
OPERATING INCOME	$2.0B
Interest Income	$82M
Interest Expense	$294M
Other Income/Expenses	-$216M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$499M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$243M
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$307M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.9B
Cost of Revenue	$3.2B
GROSS PROFIT	$4.7B
R&D Expenses	$27M
Selling & Marketing	$727M
General & Administrative	$2.0B
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$5.9B
OPERATING INCOME	$2.0B
Interest Income	$82M
Interest Expense	$294M
Other Income/Expenses	-$216M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$499M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$243M
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$307M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$307M
Stock-Based Compensation	$34M
Deferred Income Tax	$127M
Other Non-Cash Items	-$13M
Change in Working Capital	$485M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$507M
Acquisitions (Net)	-$159M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$75M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$667M
Net Debt Issuance	-$550M
Common Stock Repurchased	-$147M
Common Dividends Paid	-$882M
Other Financing Activities	-$32M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$1.7B
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$163M
Net Receivables	$3.8B
Inventory	$8.2B
Other Current Assets	$855M
TOTAL CURRENT ASSETS	$15.4B
PP&E (Net)	$6.5B
Goodwill	$2.6B
Intangible Assets	$11.9B
Long-Term Investments	$4.8B
Tax Assets	$135M
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$27.6B
TOTAL ASSETS	$43.1B
Account Payables	$2.7B
Short-Term Debt	$2.5B
Deferred Revenue	$0
Other Current Liabilities	-$2.1B
TOTAL CURRENT LIABILITIES	$9.6B
Long-Term Debt	$17.3B
Deferred Revenue NC	-$11.2B
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$22.1B
TOTAL LIABILITIES	$31.7B
Common Stock	$999M
Additional Paid-In Capital	$1.8B
Retained Earnings	$6.8B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	$2.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.3B
Minority Interest	$2.1B
TOTAL EQUITY	$11.4B
TOTAL LIABILITIES & EQUITY	$43.1B
Total Debt	$19.9B
Net Debt	$16.1B