PHG Q4 2017 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

Q4 2017 Earnings

Reported February 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$6.2B	$4.9B	—	27.8%	—
Op. Income	$847M	$350M	—	141.8%	—
Gross Margin	48.3%	46.2%	—	2.1pp	—
Net Margin	16.2%	7.6%	—	8.6pp	—
EPS (Diluted)	$1.00	$0.36	—	174.2%	—
Free Cash Flow	$0	$0	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.2B
GROSS PROFIT	$3.0B
R&D Expenses	$540M
Selling & Marketing	$1.4B
General & Administrative	$171M
SG&A Expenses	$1.6B
Other Expenses	$6M
Operating Expenses	$2.2B
Cost & Expenses	$5.4B
OPERATING INCOME	$847M
Interest Income	$36M
Interest Expense	$47M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$835M
Income Tax Expense	$278M
Net Income from Continuing Ops	$557M
Net Income from Discontinued Ops	$496M
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$35M
EBIT	$882M
EBITDA	$882M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.2B
GROSS PROFIT	$3.0B
R&D Expenses	$540M
Selling & Marketing	$1.4B
General & Administrative	$171M
SG&A Expenses	$1.6B
Other Expenses	$6M
Operating Expenses	$2.2B
Cost & Expenses	$5.4B
OPERATING INCOME	$847M
Interest Income	$36M
Interest Expense	$47M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$835M
Income Tax Expense	$278M
Net Income from Continuing Ops	$557M
Net Income from Discontinued Ops	$496M
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$35M
EBIT	$882M
EBITDA	$882M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$0
Stock-Based Compensation	$143M
Deferred Income Tax	$0
Other Non-Cash Items	-$1.1B
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$2M
Net Receivables	$4.9B
Inventory	$2.8B
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$11.8B
PP&E (Net)	$1.9B
Goodwill	$9.1B
Intangible Assets	$3.9B
Long-Term Investments	$854M
Tax Assets	$1.9B
Other Non-Current Assets	$266M
TOTAL NON-CURRENT ASSETS	$17.8B
TOTAL ASSETS	$29.6B
Account Payables	$2.4B
Short-Term Debt	$685M
Deferred Revenue	$436M
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$8.0B
Long-Term Debt	$4.5B
Deferred Revenue NC	$292M
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$15.6B
Common Stock	$220M
Additional Paid-In Capital	$3.9B
Retained Earnings	$10.1B
Treasury Stock	-$563M
Accum. Other Comp. Income	$13.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.1B
Minority Interest	$28M
TOTAL EQUITY	$14.1B
TOTAL LIABILITIES & EQUITY	$29.6B
Total Debt	$5.5B
Net Debt	$3.3B