UL Q2 2014 Earnings Report — Unilever PLC Revenue & Financial Results | Market Cap Arena

Q2 2014 Earnings

Reported July 24, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2014	Q1 2014	Q2 2013	QoQ Change	YoY Change
Revenue	$28.2B	—	$29.8B	—	-5.5%
Op. Income	$5.1B	—	$4.1B	—	24.9%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	11.7%	—	9.5%	—	2.2pp
EPS (Diluted)	$1.13	—	$0.98	—	15.5%
Free Cash Flow	$1.1B	—	$1.7B	—	-35.2%

Revenue Flow

Item	Amount
REVENUE	$28.2B
Cost of Revenue	$0
GROSS PROFIT	$28.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$193M
Other Expenses	$22.9B
Operating Expenses	$23.1B
Cost & Expenses	$23.1B
OPERATING INCOME	$5.1B
Interest Income	$205M
Interest Expense	$0
Other Income/Expenses	-$188M
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$613M
EBIT	$3.9B
EBITDA	$4.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$28.2B
Cost of Revenue	$0
GROSS PROFIT	$28.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$193M
Other Expenses	$22.9B
Operating Expenses	$23.1B
Cost & Expenses	$23.1B
OPERATING INCOME	$5.1B
Interest Income	$205M
Interest Expense	$0
Other Income/Expenses	-$188M
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.4B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$613M
EBIT	$3.9B
EBITDA	$4.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$613M
Stock-Based Compensation	$138M
Deferred Income Tax	$0
Other Non-Cash Items	-$733M
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$922M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2.0B
NET CASH FROM INVESTING	$1.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$299M
Common Dividends Paid	-$1.8B
Other Financing Activities	$97M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.1B
Net Change in Cash	$611M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$870M
Net Receivables	$7.2B
Inventory	$5.1B
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$17.5B
PP&E (Net)	$11.3B
Goodwill	$16.4B
Intangible Assets	$8.2B
Long-Term Investments	-$311M
Tax Assets	$1.4B
Other Non-Current Assets	$2.5B
TOTAL NON-CURRENT ASSETS	$39.5B
TOTAL ASSETS	$57.1B
Account Payables	$14.8B
Short-Term Debt	$6.7B
Deferred Revenue	$0
Other Current Liabilities	$504M
TOTAL CURRENT LIABILITIES	$23.9B
Long-Term Debt	$9.0B
Deferred Revenue NC	$5.2B
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$16.3B
TOTAL LIABILITIES	$40.2B
Common Stock	$566M
Additional Paid-In Capital	$166M
Retained Earnings	$23.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$8.4B
Other Equity	-$16.8B
TOTAL STOCKHOLDERS' EQUITY	$16.2B
Minority Interest	$675M
TOTAL EQUITY	$16.9B
TOTAL LIABILITIES & EQUITY	$57.1B
Total Debt	$15.7B
Net Debt	$11.7B