UL FY 2020 Earnings Report — Unilever PLC Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported March 10, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$59.3B	—	$60.8B	—	-2.4%
Op. Income	$9.7B	—	$10.2B	—	-4.7%
Gross Margin	43.5%	—	44.0%	—	-0.6pp
Net Margin	11.0%	—	10.8%	—	0.2pp
EPS (Diluted)	$2.48	—	$2.50	—	-0.9%
Free Cash Flow	$9.6B	—	$7.9B	—	20.6%

Revenue Flow

Item	Amount
REVENUE	$59.3B
Cost of Revenue	$33.5B
GROSS PROFIT	$25.8B
R&D Expenses	$935M
Selling & Marketing	$8.3B
General & Administrative	$5.6B
SG&A Expenses	$13.9B
Other Expenses	$1.2B
Operating Expenses	$16.1B
Cost & Expenses	$49.6B
OPERATING INCOME	$9.7B
Interest Income	$271M
Interest Expense	$822M
Other Income/Expenses	-$359M
INCOME BEFORE TAX	$9.3B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$7.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.5B
D&A	$2.4B
EBIT	$10.9B
EBITDA	$13.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$59.3B
Cost of Revenue	$33.5B
GROSS PROFIT	$25.8B
R&D Expenses	$935M
Selling & Marketing	$8.3B
General & Administrative	$5.6B
SG&A Expenses	$13.9B
Other Expenses	$1.2B
Operating Expenses	$16.1B
Cost & Expenses	$49.6B
OPERATING INCOME	$9.7B
Interest Income	$271M
Interest Expense	$822M
Other Income/Expenses	-$359M
INCOME BEFORE TAX	$9.3B
Income Tax Expense	$2.2B
Net Income from Continuing Ops	$7.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.5B
D&A	$2.4B
EBIT	$10.9B
EBITDA	$13.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$6.5B
Depreciation & Amortization	$2.4B
Stock-Based Compensation	$126M
Deferred Income Tax	$0
Other Non-Cash Items	$951M
Change in Working Capital	$629M
OPERATING CASH FLOW	$10.6B
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$1.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$712M
Other Investing Activities	$187M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$306M
Common Stock Repurchased	$0
Common Dividends Paid	-$5.0B
Other Financing Activities	-$2.1B
NET CASH FROM FINANCING	-$6.8B
FREE CASH FLOW	$9.6B
Net Change in Cash	$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.5B
Short-Term Investments	$876M
Net Receivables	$4.0B
Inventory	$5.2B
Other Current Assets	$8.5B
TOTAL CURRENT ASSETS	$18.9B
PP&E (Net)	$12.3B
Goodwill	$22.1B
Intangible Assets	$18.7B
Long-Term Investments	$6M
Tax Assets	$1.7B
Other Non-Current Assets	$5.3B
TOTAL NON-CURRENT ASSETS	$60.2B
TOTAL ASSETS	$79.1B
Account Payables	$9.8B
Short-Term Debt	$4.6B
Deferred Revenue	$0
Other Current Liabilities	$427M
TOTAL CURRENT LIABILITIES	$24.1B
Long-Term Debt	$24.7B
Deferred Revenue NC	$4.1B
Deferred Tax Liabilities	$3.7B
Other Non-Current Liabilities	$275M
TOTAL NON-CURRENT LIABILITIES	$34.4B
TOTAL LIABILITIES	$58.5B
Common Stock	$108M
Additional Paid-In Capital	$85.9B
Retained Earnings	$26.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$94.5B
Other Equity	-$94.5B
TOTAL STOCKHOLDERS' EQUITY	$17.8B
Minority Interest	$2.8B
TOTAL EQUITY	$20.6B
TOTAL LIABILITIES & EQUITY	$79.1B
Total Debt	$31.3B
Net Debt	$24.8B