DEO Q4 2022 Earnings Report — Diageo plc Revenue & Financial Results | Market Cap Arena

Q4 2022 Earnings

Reported June 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2022	Q3 2022	Q4 2021	QoQ Change	YoY Change
Revenue	$10.1B	—	$7.9B	—	27.9%
Op. Income	$2.8B	—	$2.0B	—	38.1%
Gross Margin	59.7%	—	59.4%	—	0.3pp
Net Margin	17.1%	—	18.4%	—	-1.3pp
EPS (Diluted)	$3.02	—	$2.48	—	21.7%
Free Cash Flow	$1.7B	—	$1.7B	—	-0.5%

Revenue Flow

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$6.0B
R&D Expenses	$29M
Selling & Marketing	$924M
General & Administrative	$2.3B
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$7.3B
OPERATING INCOME	$2.8B
Interest Income	$89M
Interest Expense	$341M
Other Income/Expenses	$161M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$560M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$306M
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$357M
EBIT	$2.3B
EBITDA	$2.6B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$6.0B
R&D Expenses	$29M
Selling & Marketing	$924M
General & Administrative	$2.3B
SG&A Expenses	$3.3B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$7.3B
OPERATING INCOME	$2.8B
Interest Income	$89M
Interest Expense	$341M
Other Income/Expenses	$161M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$560M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$306M
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$357M
EBIT	$2.3B
EBITDA	$2.6B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$357M
Stock-Based Compensation	$0
Deferred Income Tax	-$24M
Other Non-Cash Items	$438M
Change in Working Capital	$446M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$964M
Acquisitions (Net)	-$63M
Purchases of Investments	-$97M
Sales/Maturities of Investments	-$4M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$2.1B
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$914M
Other Financing Activities	-$1.1B
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.7B
Net Change in Cash	$681M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.1B
Short-Term Investments	$338M
Net Receivables	$3.8B
Inventory	$9.6B
Other Current Assets	$299M
TOTAL CURRENT ASSETS	$17.4B
PP&E (Net)	$7.9B
Goodwill	$3.1B
Intangible Assets	$13.0B
Long-Term Investments	$5.1B
Tax Assets	$154M
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$31.8B
TOTAL ASSETS	$49.2B
Account Payables	$4.4B
Short-Term Debt	$2.5B
Deferred Revenue	$0
Other Current Liabilities	$502M
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$19.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.1B
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$25.0B
TOTAL LIABILITIES	$36.4B
Common Stock	$975M
Additional Paid-In Capital	$1.8B
Retained Earnings	$7.3B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	$2.9B
Other Equity	$5.7B
TOTAL STOCKHOLDERS' EQUITY	$10.5B
Minority Interest	$2.3B
TOTAL EQUITY	$12.8B
TOTAL LIABILITIES & EQUITY	$49.2B
Total Debt	$21.6B
Net Debt	$18.5B