PG FY 2023 Earnings Report — The Procter & Gamble Company Revenue & Financial Results | Market Cap Arena

The Procter & Gamble CompanyPG

FY 2023 Earnings

Reported August 4, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$82.0B	—	$80.2B	—	2.3%
Op. Income	$18.1B	—	$17.8B	—	1.8%
Gross Margin	47.9%	—	47.4%	—	0.4pp
Net Margin	17.9%	—	18.4%	—	-0.5pp
EPS (Diluted)	$5.90	—	$5.81	—	1.5%
Free Cash Flow	$13.8B	—	$13.6B	—	1.6%

Revenue Flow

Item	Amount
REVENUE	$82.0B
Cost of Revenue	$42.8B
GROSS PROFIT	$39.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$21.1B
Other Expenses	$0
Operating Expenses	$21.1B
Cost & Expenses	$63.9B
OPERATING INCOME	$18.1B
Interest Income	$307M
Interest Expense	$756M
Other Income/Expenses	$219M
INCOME BEFORE TAX	$18.4B
Income Tax Expense	$3.6B
Net Income from Continuing Ops	$14.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.7B
Net Income Deductions	-$282M
BOTTOM LINE NET INCOME	$14.7B
D&A	$2.7B
EBIT	$19.1B
EBITDA	$21.8B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$82.0B
Cost of Revenue	$42.8B
GROSS PROFIT	$39.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$21.1B
Other Expenses	$0
Operating Expenses	$21.1B
Cost & Expenses	$63.9B
OPERATING INCOME	$18.1B
Interest Income	$307M
Interest Expense	$756M
Other Income/Expenses	$219M
INCOME BEFORE TAX	$18.4B
Income Tax Expense	$3.6B
Net Income from Continuing Ops	$14.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.7B
Net Income Deductions	-$282M
BOTTOM LINE NET INCOME	$14.7B
D&A	$2.7B
EBIT	$19.1B
EBITDA	$21.8B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$14.7B
Depreciation & Amortization	$2.7B
Stock-Based Compensation	$545M
Deferred Income Tax	-$453M
Other Non-Cash Items	$524M
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$16.8B
Capital Expenditure	-$3.1B
Acquisitions (Net)	-$765M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$327M
NET CASH FROM INVESTING	-$3.5B
Net Debt Issuance	$2.9B
Common Stock Repurchased	-$7.4B
Common Dividends Paid	-$9.0B
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	-$12.1B
FREE CASH FLOW	$13.8B
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.2B
Short-Term Investments	$0
Net Receivables	$5.5B
Inventory	$7.1B
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$22.6B
PP&E (Net)	$21.9B
Goodwill	$40.7B
Intangible Assets	$23.8B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$11.8B
TOTAL NON-CURRENT ASSETS	$98.2B
TOTAL ASSETS	$120.8B
Account Payables	$14.6B
Short-Term Debt	$10.2B
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$35.8B
Long-Term Debt	$24.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.5B
Other Non-Current Liabilities	$6.6B
TOTAL NON-CURRENT LIABILITIES	$38.0B
TOTAL LIABILITIES	$73.8B
Common Stock	$4.0B
Additional Paid-In Capital	$66.6B
Retained Earnings	$118.2B
Treasury Stock	-$129.7B
Accum. Other Comp. Income	-$12.2B
Other Equity	-$821M
TOTAL STOCKHOLDERS' EQUITY	$46.8B
Minority Interest	$288M
TOTAL EQUITY	$47.1B
TOTAL LIABILITIES & EQUITY	$120.8B
Total Debt	$35.4B
Net Debt	$27.2B