PHG Q4 2019 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

Q4 2019 Earnings

Reported February 25, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$7.0B	$5.5B	$6.5B	26.7%	6.7%
Op. Income	$854M	$375M	$900M	127.8%	-5.2%
Gross Margin	48.8%	45.8%	48.1%	3.0pp	0.7pp
Net Margin	9.3%	4.4%	12.0%	5.0pp	-2.7pp
EPS (Diluted)	$0.68	$0.26	$0.80	163.6%	-14.7%
Free Cash Flow	$0	$0	$0	—	—

Revenue Flow

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$3.6B
GROSS PROFIT	$3.4B
R&D Expenses	$865M
Selling & Marketing	$1.3B
General & Administrative	$135M
SG&A Expenses	$1.5B
Other Expenses	$237M
Operating Expenses	$2.6B
Cost & Expenses	$6.1B
OPERATING INCOME	$854M
Interest Income	$26M
Interest Expense	$93M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$786M
Income Tax Expense	$143M
Net Income from Continuing Ops	$643M
Net Income from Discontinued Ops	$7M
Other Adjustments	$0
NET INCOME	$650M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$643M
D&A	$173M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$3.6B
GROSS PROFIT	$3.4B
R&D Expenses	$865M
Selling & Marketing	$1.3B
General & Administrative	$135M
SG&A Expenses	$1.5B
Other Expenses	$237M
Operating Expenses	$2.6B
Cost & Expenses	$6.1B
OPERATING INCOME	$854M
Interest Income	$26M
Interest Expense	$93M
Other Income/Expenses	-$68M
INCOME BEFORE TAX	$786M
Income Tax Expense	$143M
Net Income from Continuing Ops	$643M
Net Income from Discontinued Ops	$7M
Other Adjustments	$0
NET INCOME	$650M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$643M
D&A	$173M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$650M
Depreciation & Amortization	$0
Stock-Based Compensation	$123M
Deferred Income Tax	$0
Other Non-Cash Items	-$773M
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	$1.7B
Short-Term Investments	$1M
Net Receivables	$5.9B
Inventory	$3.2B
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$11.1B
PP&E (Net)	$3.4B
Goodwill	$10.1B
Intangible Assets	$4.1B
Long-Term Investments	$563M
Tax Assets	$2.2B
Other Non-Current Assets	$263M
TOTAL NON-CURRENT ASSETS	$20.6B
TOTAL ASSETS	$31.6B
Account Payables	$2.4B
Short-Term Debt	$129M
Deferred Revenue	$1.4B
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$8.2B
Long-Term Debt	$4.4B
Deferred Revenue NC	$407M
Deferred Tax Liabilities	$167M
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$8.7B
TOTAL LIABILITIES	$16.9B
Common Stock	$210M
Additional Paid-In Capital	$4.3B
Retained Earnings	$9.7B
Treasury Stock	-$235M
Accum. Other Comp. Income	$763M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.8B
Minority Interest	$33M
TOTAL EQUITY	$14.8B
TOTAL LIABILITIES & EQUITY	$31.6B
Total Debt	$6.2B
Net Debt	$4.5B