TSN FY 2017 Earnings Report — Tyson Foods, Inc. Revenue & Financial Results | Market Cap Arena

Tyson Foods, Inc.TSN

FY 2017 Earnings

Reported November 13, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$38.3B	—	$36.9B	—	3.7%
Op. Income	$2.9B	—	$2.8B	—	3.1%
Gross Margin	13.2%	—	12.7%	—	0.5pp
Net Margin	4.6%	—	4.8%	—	-0.2pp
EPS (Diluted)	$4.79	—	$4.53	—	5.7%
Free Cash Flow	$1.5B	—	$2.0B	—	-24.3%

Revenue Flow

Item	Amount
REVENUE	$38.3B
Cost of Revenue	$33.2B
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$238M
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$35.3B
OPERATING INCOME	$2.9B
Interest Income	$7M
Interest Expense	$279M
Other Income/Expenses	-$293M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$850M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$761M
EBIT	$2.9B
EBITDA	$3.7B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$38.3B
Cost of Revenue	$33.2B
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$238M
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$35.3B
OPERATING INCOME	$2.9B
Interest Income	$7M
Interest Expense	$279M
Other Income/Expenses	-$293M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$850M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$761M
EBIT	$2.9B
EBITDA	$3.7B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$761M
Stock-Based Compensation	$92M
Deferred Income Tax	-$39M
Other Non-Cash Items	$157M
Change in Working Capital	-$150M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$3.1B
Purchases of Investments	-$79M
Sales/Maturities of Investments	$61M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$4.2B
Net Debt Issuance	$2.8B
Common Stock Repurchased	-$860M
Common Dividends Paid	-$319M
Other Financing Activities	-$208M
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$1.5B
Net Change in Cash	-$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$318M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$3.2B
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$6.3B
PP&E (Net)	$5.6B
Goodwill	$9.3B
Intangible Assets	$6.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$673M
TOTAL NON-CURRENT ASSETS	$21.8B
TOTAL ASSETS	$28.1B
Account Payables	$1.7B
Short-Term Debt	$906M
Deferred Revenue	$0
Other Current Liabilities	$755M
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$9.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.0B
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$13.5B
TOTAL LIABILITIES	$17.5B
Common Stock	$45M
Additional Paid-In Capital	$4.4B
Retained Earnings	$9.8B
Treasury Stock	-$3.7B
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.5B
Minority Interest	$18M
TOTAL EQUITY	$10.6B
TOTAL LIABILITIES & EQUITY	$28.1B
Total Debt	$10.2B
Net Debt	$9.9B