PHG FY 2020 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$20.3B	—	—	—	—
Op. Income	$1.5B	—	—	—	—
Gross Margin	45.7%	—	—	—	—
Net Margin	6.9%	—	—	—	—
EPS (Diluted)	$1.44	—	—	—	—
Free Cash Flow	$2.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$20.3B
Cost of Revenue	$11.0B
GROSS PROFIT	$9.3B
R&D Expenses	$2.2B
Selling & Marketing	$4.6B
General & Administrative	$738M
SG&A Expenses	$5.3B
Other Expenses	$214M
Operating Expenses	$7.8B
Cost & Expenses	$18.8B
OPERATING INCOME	$1.5B
Interest Income	$17M
Interest Expense	$227M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$248M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$230M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$1.2B
EBIT	$2.0B
EBITDA	$3.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$20.3B
Cost of Revenue	$11.0B
GROSS PROFIT	$9.3B
R&D Expenses	$2.2B
Selling & Marketing	$4.6B
General & Administrative	$738M
SG&A Expenses	$5.3B
Other Expenses	$214M
Operating Expenses	$7.8B
Cost & Expenses	$18.8B
OPERATING INCOME	$1.5B
Interest Income	$17M
Interest Expense	$227M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$248M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$230M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$1.2B
EBIT	$2.0B
EBITDA	$3.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$131M
Deferred Income Tax	$333M
Other Non-Cash Items	$153M
Change in Working Capital	-$628M
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$568M
Acquisitions (Net)	-$367M
Purchases of Investments	-$169M
Sales/Maturities of Investments	$76M
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$898M
Common Stock Repurchased	-$402M
Common Dividends Paid	-$1M
Other Financing Activities	$70M
NET CASH FROM FINANCING	$566M
FREE CASH FLOW	$2.5B
Net Change in Cash	$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.8B
Short-Term Investments	$0
Net Receivables	$4.9B
Inventory	$3.5B
Other Current Assets	$799M
TOTAL CURRENT ASSETS	$13.1B
PP&E (Net)	$3.1B
Goodwill	$9.4B
Intangible Assets	$3.5B
Long-Term Investments	$785M
Tax Assets	$2.1B
Other Non-Current Assets	$355M
TOTAL NON-CURRENT ASSETS	$19.3B
TOTAL ASSETS	$32.5B
Account Payables	$2.5B
Short-Term Debt	$1.1B
Deferred Revenue	$1.5B
Other Current Liabilities	$919M
TOTAL CURRENT LIABILITIES	$9.1B
Long-Term Debt	$5.6B
Deferred Revenue NC	$472M
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$9.5B
TOTAL LIABILITIES	$18.5B
Common Stock	$213M
Additional Paid-In Capital	$5.2B
Retained Earnings	$9.2B
Treasury Stock	-$233M
Accum. Other Comp. Income	-$398M
Other Equity	-$1M
TOTAL STOCKHOLDERS' EQUITY	$13.9B
Minority Interest	$36M
TOTAL EQUITY	$13.9B
TOTAL LIABILITIES & EQUITY	$32.5B
Total Debt	$8.1B
Net Debt	$4.3B