PHG Q2 2017 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

Q2 2017 Earnings

Reported June 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$5.0B	$6.7B	—	-25.0%	—
Op. Income	$295M	$407M	—	-27.6%	—
Gross Margin	44.8%	42.7%	—	2.1pp	—
Net Margin	5.8%	4.1%	—	1.8pp	—
EPS (Diluted)	$0.29	$0.27	—	8.7%	—
Free Cash Flow	$1.2B	$388M	—	197.3%	—

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.3B
R&D Expenses	$493M
Selling & Marketing	$1.3B
General & Administrative	$171M
SG&A Expenses	$1.4B
Other Expenses	$16M
Operating Expenses	$1.9B
Cost & Expenses	$4.7B
OPERATING INCOME	$295M
Interest Income	$28M
Interest Expense	$78M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$239M
Income Tax Expense	$52M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$150M
Other Adjustments	$0
NET INCOME	$293M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$293M
D&A	$33M
EBIT	$317M
EBITDA	$317M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.3B
R&D Expenses	$493M
Selling & Marketing	$1.3B
General & Administrative	$171M
SG&A Expenses	$1.4B
Other Expenses	$16M
Operating Expenses	$1.9B
Cost & Expenses	$4.7B
OPERATING INCOME	$295M
Interest Income	$28M
Interest Expense	$78M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$239M
Income Tax Expense	$52M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$150M
Other Adjustments	$0
NET INCOME	$293M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$293M
D&A	$33M
EBIT	$317M
EBITDA	$317M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$293M
Depreciation & Amortization	$447M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$534M
Change in Working Capital	$32M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$153M
Acquisitions (Net)	-$56M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$53M
NET CASH FROM INVESTING	-$262M
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$144M
Common Dividends Paid	-$382M
Other Financing Activities	$891M
NET CASH FROM FINANCING	-$785M
FREE CASH FLOW	$1.2B
Net Change in Cash	$118M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$0
Net Receivables	$3.7B
Inventory	$3.0B
Other Current Assets	$8.8B
TOTAL CURRENT ASSETS	$18.1B
PP&E (Net)	$1.8B
Goodwill	$7.7B
Intangible Assets	$3.0B
Long-Term Investments	$963M
Tax Assets	$2.5B
Other Non-Current Assets	$292M
TOTAL NON-CURRENT ASSETS	$16.3B
TOTAL ASSETS	$34.5B
Account Payables	$2.0B
Short-Term Debt	$348M
Deferred Revenue	$3.3B
Other Current Liabilities	$7.1B
TOTAL CURRENT LIABILITIES	$12.2B
Long-Term Debt	$3.0B
Deferred Revenue NC	$2.7B
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$425M
TOTAL NON-CURRENT LIABILITIES	$6.2B
TOTAL LIABILITIES	$18.4B
Common Stock	$220M
Additional Paid-In Capital	$3.9B
Retained Earnings	$9.7B
Treasury Stock	-$136M
Accum. Other Comp. Income	$591M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.3B
Minority Interest	$1.8B
TOTAL EQUITY	$16.1B
TOTAL LIABILITIES & EQUITY	$34.5B
Total Debt	$3.4B
Net Debt	$792M