PG Q2 2019 Earnings Report — The Procter & Gamble Company Revenue & Financial Results | Market Cap Arena

The Procter & Gamble CompanyPG

Q2 2019 Earnings

Reported January 23, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$17.4B	$16.7B	—	4.5%	—
Op. Income	$3.9B	$3.6B	—	9.6%	—
Gross Margin	48.9%	49.2%	—	-0.3pp	—
Net Margin	18.3%	19.2%	—	-0.9pp	—
EPS (Diluted)	$1.22	$1.22	—	0.0%	—
Free Cash Flow	$3.3B	$2.5B	—	32.9%	—

Revenue Flow

Item	Amount
REVENUE	$17.4B
Cost of Revenue	$8.9B
GROSS PROFIT	$8.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.6B
Other Expenses	$0
Operating Expenses	$4.6B
Cost & Expenses	$13.5B
OPERATING INCOME	$3.9B
Interest Income	$63M
Interest Expense	$138M
Other Income/Expenses	$20M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$700M
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	$3.2B
D&A	$650M
EBIT	$4.1B
EBITDA	$4.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$17.4B
Cost of Revenue	$8.9B
GROSS PROFIT	$8.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.6B
Other Expenses	$0
Operating Expenses	$4.6B
Cost & Expenses	$13.5B
OPERATING INCOME	$3.9B
Interest Income	$63M
Interest Expense	$138M
Other Income/Expenses	$20M
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$700M
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	$3.2B
D&A	$650M
EBIT	$4.1B
EBITDA	$4.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$650M
Stock-Based Compensation	$79M
Deferred Income Tax	$3M
Other Non-Cash Items	$97M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$4.0B
Capital Expenditure	-$701M
Acquisitions (Net)	-$3.6B
Purchases of Investments	-$10M
Sales/Maturities of Investments	$468M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$3.8B
Net Debt Issuance	$2.6B
Common Stock Repurchased	-$751M
Common Dividends Paid	-$1.9B
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$3.3B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$8.4B
Net Receivables	$5.1B
Inventory	$5.3B
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$24.4B
PP&E (Net)	$20.8B
Goodwill	$46.9B
Intangible Assets	$25.9B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5.6B
TOTAL NON-CURRENT ASSETS	$99.3B
TOTAL ASSETS	$123.7B
Account Payables	$10.3B
Short-Term Debt	$12.1B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$31.2B
Long-Term Debt	$21.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.9B
Other Non-Current Liabilities	$9.6B
TOTAL NON-CURRENT LIABILITIES	$38.0B
TOTAL LIABILITIES	$69.2B
Common Stock	$4.0B
Additional Paid-In Capital	$63.7B
Retained Earnings	$101.2B
Treasury Stock	-$99.5B
Accum. Other Comp. Income	-$15.2B
Other Equity	-$1.2B
TOTAL STOCKHOLDERS' EQUITY	$54.0B
Minority Interest	$453M
TOTAL EQUITY	$54.4B
TOTAL LIABILITIES & EQUITY	$123.7B
Total Debt	$33.6B
Net Debt	$29.9B