PG Q4 2018 Earnings Report — The Procter & Gamble Company Revenue & Financial Results | Market Cap Arena

The Procter & Gamble CompanyPG

Q4 2018 Earnings

Reported August 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$16.5B	—	$16.1B	—	2.6%
Op. Income	$2.7B	—	$2.9B	—	-9.2%
Gross Margin	45.3%	—	48.4%	—	-3.1pp
Net Margin	11.5%	—	13.8%	—	-2.3pp
EPS (Diluted)	$0.72	—	$0.82	—	-12.2%
Free Cash Flow	$3.3B	—	$2.5B	—	29.9%

Revenue Flow

Item	Amount
REVENUE	$16.5B
Cost of Revenue	$9.0B
GROSS PROFIT	$7.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.8B
Other Expenses	$0
Operating Expenses	$4.8B
Cost & Expenses	$13.8B
OPERATING INCOME	$2.7B
Interest Income	$63M
Interest Expense	$136M
Other Income/Expenses	-$388M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$399M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$750M
EBIT	$2.4B
EBITDA	$3.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$16.5B
Cost of Revenue	$9.0B
GROSS PROFIT	$7.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.8B
Other Expenses	$0
Operating Expenses	$4.8B
Cost & Expenses	$13.8B
OPERATING INCOME	$2.7B
Interest Income	$63M
Interest Expense	$136M
Other Income/Expenses	-$388M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$399M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$750M
EBIT	$2.4B
EBITDA	$3.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$750M
Stock-Based Compensation	$146M
Deferred Income Tax	-$18M
Other Non-Cash Items	$586M
Change in Working Capital	$844M
OPERATING CASH FLOW	$4.2B
Capital Expenditure	-$907M
Acquisitions (Net)	-$1M
Purchases of Investments	-$139M
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$23M
NET CASH FROM INVESTING	$97M
Net Debt Issuance	-$3.6B
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$1.9B
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$6.9B
FREE CASH FLOW	$3.3B
Net Change in Cash	-$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$9.3B
Net Receivables	$4.7B
Inventory	$4.7B
Other Current Assets	$2.0B
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	$5.3B
TOTAL NON-CURRENT ASSETS	$95.0B
TOTAL ASSETS	$118.3B
Account Payables	$10.3B
Short-Term Debt	$10.4B
Deferred Revenue	$0
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$28.2B
Long-Term Debt	$20.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.2B
Other Non-Current Liabilities	$10.1B
TOTAL NON-CURRENT LIABILITIES	$37.2B
TOTAL LIABILITIES	$65.4B
Common Stock	$4.0B
Additional Paid-In Capital	$63.8B
Retained Earnings	$98.6B
Treasury Stock	-$99.2B
Accum. Other Comp. Income	-$14.7B
Other Equity	-$1.2B
TOTAL STOCKHOLDERS' EQUITY	$52.3B
Minority Interest	$590M
TOTAL EQUITY	$52.9B
TOTAL LIABILITIES & EQUITY	$118.3B
Total Debt	$31.4B
Net Debt	$28.8B