PG FY 2008 Earnings Report — The Procter & Gamble Company Revenue & Financial Results | Market Cap Arena

The Procter & Gamble CompanyPG

FY 2008 Earnings

Reported August 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$81.7B	—	$76.5B	—	6.9%
Op. Income	$16.9B	—	$15.4B	—	9.5%
Gross Margin	51.6%	—	52.0%	—	-0.4pp
Net Margin	14.8%	—	13.5%	—	1.3pp
EPS (Diluted)	$3.64	—	$3.04	—	19.7%
Free Cash Flow	$12.0B	—	$10.5B	—	14.0%

Revenue Flow

Item	Amount
REVENUE	$81.7B
Cost of Revenue	$39.5B
GROSS PROFIT	$42.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$25.6B
Other Expenses	$0
Operating Expenses	$25.3B
Cost & Expenses	$64.8B
OPERATING INCOME	$16.9B
Interest Income	$0
Interest Expense	$1.5B
Other Income/Expenses	-$1.3B
INCOME BEFORE TAX	$15.6B
Income Tax Expense	$3.8B
Net Income from Continuing Ops	$11.8B
Net Income from Discontinued Ops	$277M
Other Adjustments	$0
NET INCOME	$12.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.9B
D&A	$3.2B
EBIT	$17.1B
EBITDA	$20.3B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$81.7B
Cost of Revenue	$39.5B
GROSS PROFIT	$42.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$25.6B
Other Expenses	$0
Operating Expenses	$25.3B
Cost & Expenses	$64.8B
OPERATING INCOME	$16.9B
Interest Income	$0
Interest Expense	$1.5B
Other Income/Expenses	-$1.3B
INCOME BEFORE TAX	$15.6B
Income Tax Expense	$3.8B
Net Income from Continuing Ops	$11.8B
Net Income from Discontinued Ops	$277M
Other Adjustments	$0
NET INCOME	$12.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.9B
D&A	$3.2B
EBIT	$17.1B
EBITDA	$20.3B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$12.1B
Depreciation & Amortization	$3.2B
Stock-Based Compensation	$555M
Deferred Income Tax	$1.2B
Other Non-Cash Items	-$284M
Change in Working Capital	-$1.7B
OPERATING CASH FLOW	$15.0B
Capital Expenditure	-$3.0B
Acquisitions (Net)	-$381M
Purchases of Investments	-$50M
Sales/Maturities of Investments	$0
Other Investing Activities	$928M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	-$2.0B
Common Stock Repurchased	-$10.0B
Common Dividends Paid	-$4.5B
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	-$14.8B
FREE CASH FLOW	$12.0B
Net Change in Cash	-$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$0
Net Receivables	$6.8B
Inventory	$8.4B
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$24.5B
PP&E (Net)	$20.6B
Goodwill	$59.8B
Intangible Assets	$34.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$119.5B
TOTAL ASSETS	$144.0B
Account Payables	$6.8B
Short-Term Debt	$13.1B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$31.0B
Long-Term Debt	$23.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11.8B
Other Non-Current Liabilities	$8.2B
TOTAL NON-CURRENT LIABILITIES	$43.5B
TOTAL LIABILITIES	$74.5B
Common Stock	$4.0B
Additional Paid-In Capital	$60.3B
Retained Earnings	$49.0B
Treasury Stock	-$47.6B
Accum. Other Comp. Income	$3.7B
Other Equity	-$1.3B
TOTAL STOCKHOLDERS' EQUITY	$69.5B
Minority Interest	$0
TOTAL EQUITY	$69.5B
TOTAL LIABILITIES & EQUITY	$144.0B
Total Debt	$36.7B
Net Debt	$33.4B