PG Q1 2019 Earnings Report — The Procter & Gamble Company Revenue & Financial Results | Market Cap Arena

The Procter & Gamble CompanyPG

Q1 2019 Earnings

Reported October 19, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$16.7B	$16.5B	$16.7B	1.1%	0.2%
Op. Income	$3.6B	$2.7B	$3.6B	32.8%	-2.6%
Gross Margin	49.2%	45.3%	50.3%	3.9pp	-1.2pp
Net Margin	19.2%	11.5%	17.1%	7.7pp	2.0pp
EPS (Diluted)	$1.22	$0.72	$1.06	69.4%	15.1%
Free Cash Flow	$2.5B	$3.3B	$2.5B	-24.5%	-0.5%

Revenue Flow

Item	Amount
REVENUE	$16.7B
Cost of Revenue	$8.5B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.7B
Other Expenses	$0
Operating Expenses	$4.7B
Cost & Expenses	$13.1B
OPERATING INCOME	$3.6B
Interest Income	$53M
Interest Expense	$129M
Other Income/Expenses	$386M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$729M
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$643M
EBIT	$4.1B
EBITDA	$4.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$16.7B
Cost of Revenue	$8.5B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.7B
Other Expenses	$0
Operating Expenses	$4.7B
Cost & Expenses	$13.1B
OPERATING INCOME	$3.6B
Interest Income	$53M
Interest Expense	$129M
Other Income/Expenses	$386M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$729M
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$643M
EBIT	$4.1B
EBITDA	$4.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$643M
Stock-Based Compensation	$102M
Deferred Income Tax	$34M
Other Non-Cash Items	-$303M
Change in Working Capital	-$120M
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$237M
Purchases of Investments	-$206M
Sales/Maturities of Investments	$649M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$865M
Net Debt Issuance	$24M
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$1.9B
Other Financing Activities	$425M
NET CASH FROM FINANCING	-$2.7B
FREE CASH FLOW	$2.5B
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$8.7B
Net Receivables	$5.0B
Inventory	$5.2B
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$23.3B
PP&E (Net)	$20.6B
Goodwill	$45.2B
Intangible Assets	$23.9B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5.4B
TOTAL NON-CURRENT ASSETS	$95.1B
TOTAL ASSETS	$118.4B
Account Payables	$10.2B
Short-Term Debt	$10.5B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$29.2B
Long-Term Debt	$20.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.2B
Other Non-Current Liabilities	$9.8B
TOTAL NON-CURRENT LIABILITIES	$36.7B
TOTAL LIABILITIES	$65.9B
Common Stock	$4.0B
Additional Paid-In Capital	$63.7B
Retained Earnings	$99.8B
Treasury Stock	-$100.0B
Accum. Other Comp. Income	-$15.1B
Other Equity	-$1.2B
TOTAL STOCKHOLDERS' EQUITY	$52.2B
Minority Interest	$268M
TOTAL EQUITY	$52.5B
TOTAL LIABILITIES & EQUITY	$118.4B
Total Debt	$31.3B
Net Debt	$28.7B