UL FY 2021 Earnings Report — Unilever PLC Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported March 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$61.3B	—	$59.3B	—	3.4%
Op. Income	$10.2B	—	$9.7B	—	4.8%
Gross Margin	42.3%	—	43.5%	—	-1.1pp
Net Margin	11.5%	—	11.0%	—	0.5pp
EPS (Diluted)	$2.71	—	$2.48	—	9.4%
Free Cash Flow	$8.0B	—	$9.6B	—	-16.2%

Revenue Flow

Item	Amount
REVENUE	$61.3B
Cost of Revenue	$35.4B
GROSS PROFIT	$25.9B
R&D Expenses	$990M
Selling & Marketing	$8.0B
General & Administrative	$6.6B
SG&A Expenses	$14.7B
Other Expenses	$90M
Operating Expenses	$15.8B
Cost & Expenses	$51.1B
OPERATING INCOME	$10.2B
Interest Income	$172M
Interest Expense	$582M
Other Income/Expenses	-$171M
INCOME BEFORE TAX	$10.0B
Income Tax Expense	$2.3B
Net Income from Continuing Ops	$7.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.1B
D&A	$2.0B
EBIT	$11.3B
EBITDA	$13.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$61.3B
Cost of Revenue	$35.4B
GROSS PROFIT	$25.9B
R&D Expenses	$990M
Selling & Marketing	$8.0B
General & Administrative	$6.6B
SG&A Expenses	$14.7B
Other Expenses	$90M
Operating Expenses	$15.8B
Cost & Expenses	$51.1B
OPERATING INCOME	$10.2B
Interest Income	$172M
Interest Expense	$582M
Other Income/Expenses	-$171M
INCOME BEFORE TAX	$10.0B
Income Tax Expense	$2.3B
Net Income from Continuing Ops	$7.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.1B
D&A	$2.0B
EBIT	$11.3B
EBITDA	$13.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$7.1B
Depreciation & Amortization	$2.0B
Stock-Based Compensation	$188M
Deferred Income Tax	$0
Other Non-Cash Items	$74M
Change in Working Capital	-$55M
OPERATING CASH FLOW	$9.3B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$2.4B
Purchases of Investments	-$455M
Sales/Maturities of Investments	$164M
Other Investing Activities	$233M
NET CASH FROM INVESTING	-$3.8B
Net Debt Issuance	$767M
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$5.2B
Other Financing Activities	-$297M
NET CASH FROM FINANCING	-$8.3B
FREE CASH FLOW	$8.0B
Net Change in Cash	-$2.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$1.3B
Net Receivables	$5.2B
Inventory	$5.5B
Other Current Assets	$3.8B
TOTAL CURRENT ASSETS	$20.3B
PP&E (Net)	$12.1B
Goodwill	$23.8B
Intangible Assets	$21.4B
Long-Term Investments	-$106M
Tax Assets	$1.7B
Other Non-Current Assets	$8.6B
TOTAL NON-CURRENT ASSETS	$67.5B
TOTAL ASSETS	$87.8B
Account Payables	$10.4B
Short-Term Debt	$7.8B
Deferred Revenue	$3.3B
Other Current Liabilities	-$2.0B
TOTAL CURRENT LIABILITIES	$29.0B
Long-Term Debt	$24.9B
Deferred Revenue NC	$3.7B
Deferred Tax Liabilities	$5.3B
Other Non-Current Liabilities	$322M
TOTAL NON-CURRENT LIABILITIES	$35.7B
TOTAL LIABILITIES	$64.7B
Common Stock	$108M
Additional Paid-In Capital	$61.8B
Retained Earnings	$54.7B
Treasury Stock	-$4.0B
Accum. Other Comp. Income	-$92.4B
Other Equity	-$92.6B
TOTAL STOCKHOLDERS' EQUITY	$20.0B
Minority Interest	$3.1B
TOTAL EQUITY	$23.1B
TOTAL LIABILITIES & EQUITY	$87.8B
Total Debt	$34.7B
Net Debt	$30.7B