PHG Q1 2017 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

Q1 2017 Earnings

Reported March 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$6.7B	—	—	—	—
Op. Income	$407M	—	—	—	—
Gross Margin	42.7%	—	—	—	—
Net Margin	4.1%	—	—	—	—
EPS (Diluted)	$0.27	—	—	—	—
Free Cash Flow	$388M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$3.8B
GROSS PROFIT	$2.9B
R&D Expenses	$607M
Selling & Marketing	$1.7B
General & Administrative	$233M
SG&A Expenses	$1.9B
Other Expenses	-$101M
Operating Expenses	$2.5B
Cost & Expenses	$6.3B
OPERATING INCOME	$407M
Interest Income	$29M
Interest Expense	$101M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	$335M
Income Tax Expense	$107M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$75M
Other Adjustments	$78M
NET INCOME	$272M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$28M
EBIT	$436M
EBITDA	$436M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$3.8B
GROSS PROFIT	$2.9B
R&D Expenses	$607M
Selling & Marketing	$1.7B
General & Administrative	$233M
SG&A Expenses	$1.9B
Other Expenses	-$101M
Operating Expenses	$2.5B
Cost & Expenses	$6.3B
OPERATING INCOME	$407M
Interest Income	$29M
Interest Expense	$101M
Other Income/Expenses	-$73M
INCOME BEFORE TAX	$335M
Income Tax Expense	$107M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$75M
Other Adjustments	$78M
NET INCOME	$272M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$28M
EBIT	$436M
EBITDA	$436M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$272M
Depreciation & Amortization	$105M
Stock-Based Compensation	$70M
Deferred Income Tax	$0
Other Non-Cash Items	-$4M
Change in Working Capital	$0
OPERATING CASH FLOW	$444M
Capital Expenditure	-$56M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$122M
NET CASH FROM INVESTING	-$178M
Net Debt Issuance	-$314M
Common Stock Repurchased	-$67M
Common Dividends Paid	$0
Other Financing Activities	$580M
NET CASH FROM FINANCING	$199M
FREE CASH FLOW	$388M
Net Change in Cash	$465M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$114M
Net Receivables	$5.5B
Inventory	$4.2B
Other Current Assets	$3.4B
TOTAL CURRENT ASSETS	$16.3B
PP&E (Net)	$2.5B
Goodwill	$10.2B
Intangible Assets	$4.0B
Long-Term Investments	$658M
Tax Assets	$3.2B
Other Non-Current Assets	$368M
TOTAL NON-CURRENT ASSETS	$21.0B
TOTAL ASSETS	$37.3B
Account Payables	$3.4B
Short-Term Debt	$1.6B
Deferred Revenue	$4.0B
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$11.5B
Long-Term Debt	$4.6B
Deferred Revenue NC	$3.9B
Deferred Tax Liabilities	$80M
Other Non-Current Liabilities	$869M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$20.9B
Common Stock	$14.9B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.9B
Minority Interest	$1.6B
TOTAL EQUITY	$16.4B
TOTAL LIABILITIES & EQUITY	$37.3B
Total Debt	$6.3B
Net Debt	$3.1B