UL Q2 2019 Earnings Report — Unilever PLC Revenue & Financial Results | Market Cap Arena

Q2 2019 Earnings

Reported July 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$30.5B	—	$30.8B	—	-0.9%
Op. Income	$5.4B	—	$5.3B	—	1.3%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	11.5%	—	11.5%	—	0.0pp
EPS (Diluted)	$1.33	—	$1.30	—	2.7%
Free Cash Flow	$2.1B	—	$2.6B	—	-16.4%

Revenue Flow

Item	Amount
REVENUE	$30.5B
Cost of Revenue	$0
GROSS PROFIT	$30.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$20M
Other Expenses	$25.2B
Operating Expenses	$25.2B
Cost & Expenses	$25.2B
OPERATING INCOME	$5.4B
Interest Income	$388M
Interest Expense	$0
Other Income/Expenses	-$275M
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.5B
D&A	$1.1B
EBIT	$5.9B
EBITDA	$7.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$30.5B
Cost of Revenue	$0
GROSS PROFIT	$30.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$20M
Other Expenses	$25.2B
Operating Expenses	$25.2B
Cost & Expenses	$25.2B
OPERATING INCOME	$5.4B
Interest Income	$388M
Interest Expense	$0
Other Income/Expenses	-$275M
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.5B
D&A	$1.1B
EBIT	$5.9B
EBITDA	$7.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.5B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$111M
Deferred Income Tax	$0
Other Non-Cash Items	$250M
Change in Working Capital	-$2.2B
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$652M
Acquisitions (Net)	-$550M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$365M
NET CASH FROM INVESTING	-$837M
Net Debt Issuance	$0
Common Stock Repurchased	-$240M
Common Dividends Paid	-$2.4B
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$2.1B
Net Change in Cash	$865M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.6B
Short-Term Investments	$1.1B
Net Receivables	$9.4B
Inventory	$5.1B
Other Current Assets	$392M
TOTAL CURRENT ASSETS	$20.6B
PP&E (Net)	$14.1B
Goodwill	$20.7B
Intangible Assets	$14.7B
Long-Term Investments	-$243M
Tax Assets	$1.6B
Other Non-Current Assets	$4.0B
TOTAL NON-CURRENT ASSETS	$54.9B
TOTAL ASSETS	$75.4B
Account Payables	$16.8B
Short-Term Debt	$6.6B
Deferred Revenue	$0
Other Current Liabilities	$779M
TOTAL CURRENT LIABILITIES	$25.4B
Long-Term Debt	$27.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.0B
TOTAL NON-CURRENT LIABILITIES	$34.4B
TOTAL LIABILITIES	$59.8B
Common Stock	$507M
Additional Paid-In Capital	$151M
Retained Earnings	$24.0B
Treasury Stock	$0
Accum. Other Comp. Income	$658M
Other Equity	-$10.5B
TOTAL STOCKHOLDERS' EQUITY	$14.9B
Minority Interest	$802M
TOTAL EQUITY	$15.7B
TOTAL LIABILITIES & EQUITY	$75.4B
Total Debt	$33.9B
Net Debt	$29.3B