UL Q2 2022 Earnings Report — Unilever PLC Revenue & Financial Results | Market Cap Arena

Q2 2022 Earnings

Reported June 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$34.6B	—	$30.2B	—	14.9%
Op. Income	$5.3B	—	$5.2B	—	1.7%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	9.8%	—	12.1%	—	-2.3pp
EPS (Diluted)	$1.32	—	$1.39	—	-5.0%
Free Cash Flow	$2.9B	—	$3.1B	—	-7.6%

Revenue Flow

Item	Amount
REVENUE	$34.6B
Cost of Revenue	$0
GROSS PROFIT	$34.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$26M
Other Expenses	$29.3B
Operating Expenses	$29.4B
Cost & Expenses	$29.4B
OPERATING INCOME	$5.3B
Interest Income	$260M
Interest Expense	$0
Other Income/Expenses	-$165M
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	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$984M
EBIT	$5.9B
EBITDA	$6.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$34.6B
Cost of Revenue	$0
GROSS PROFIT	$34.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$26M
Other Expenses	$29.3B
Operating Expenses	$29.4B
Cost & Expenses	$29.4B
OPERATING INCOME	$5.3B
Interest Income	$260M
Interest Expense	$0
Other Income/Expenses	-$165M
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	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$984M
EBIT	$5.9B
EBITDA	$6.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$984M
Stock-Based Compensation	$109M
Deferred Income Tax	$0
Other Non-Cash Items	$380M
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$693M
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$186M
NET CASH FROM INVESTING	-$505M
Net Debt Issuance	$0
Common Stock Repurchased	-$758M
Common Dividends Paid	-$2.5B
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$2.9B
Net Change in Cash	$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.3B
Short-Term Investments	$1.4B
Net Receivables	$8.5B
Inventory	$6.9B
Other Current Assets	$4.0B
TOTAL CURRENT ASSETS	$27.1B
PP&E (Net)	$12.5B
Goodwill	$25.2B
Intangible Assets	$22.1B
Long-Term Investments	-$164M
Tax Assets	$1.8B
Other Non-Current Assets	$10.6B
TOTAL NON-CURRENT ASSETS	$72.1B
TOTAL ASSETS	$99.3B
Account Payables	$20.1B
Short-Term Debt	$0
Deferred Revenue	-$10.6B
Other Current Liabilities	$12.2B
TOTAL CURRENT LIABILITIES	$33.8B
Long-Term Debt	$0
Deferred Revenue NC	-$29.1B
Deferred Tax Liabilities	$6.5B
Other Non-Current Liabilities	$38.7B
TOTAL NON-CURRENT LIABILITIES	$38.7B
TOTAL LIABILITIES	$72.5B
Common Stock	$108M
Additional Paid-In Capital	$61.8B
Retained Earnings	$57.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$95.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.5B
Minority Interest	$3.2B
TOTAL EQUITY	$26.7B
TOTAL LIABILITIES & EQUITY	$99.3B
Total Debt	$39.7B
Net Debt	$33.4B