Procter & Gamble (PG) FY2020 results: revenue $71.0 billion, up 4.8% on the year
Procter & Gamble Co. (PG) reported revenue of $71.0 billion for fiscal 2020, the year ended 30 June 2020, up 4.8% on the year before. Net income was $13.0 billion, up 234.3%, and diluted earnings per share $4.96. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2020.
Revenue
$71.0 billion
+4.8% on the year
FY2013FY2020
Operating margin
22.1%
8.1% a year earlier
FY2013FY2020
Net income
$13.0 billion
+234.3% on the year
FY2013FY2020
Diluted EPS
$4.96
+246.9% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
70,950
67,684
66,832
+4.8%
Cost of revenue
35,250
34,768
34,432
+1.4%
Gross profit
35,700
32,916
32,400
+8.5%
Gross margin
50.3%
48.6%
48.5%
Research and development
1,800
1,900
1,900
-5.3%
Selling, general and administrative
19,994
19,084
19,037
+4.8%
Operating income
15,706
5,487
13,363
+186.2%
Operating margin
22.1%
8.1%
20.0%
Interest expense
465
509
506
-8.6%
Income tax
2,731
2,103
3,465
+29.9%
Net income
13,027
3,897
9,750
+234.3%
Net margin
18.4%
5.8%
14.6%
Diluted EPS
$4.96
$1.43
$3.67
+246.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
17,403
15,242
14,867
+14.2%
Capital expenditure
3,073
3,347
3,717
-8.2%
Free cash flow
14,330
11,895
11,150
+20.5%
Free cash flow margin
20.2%
17.6%
16.7%
Cash from investing
3,045
-3,490
-3,511
Cash from financing
-8,367
-9,994
-14,375
Depreciation and amortisation
3,013
2,824
2,834
+6.7%
Share-based compensation
558
515
395
+8.3%
Buybacks
7,405
5,003
7,004
+48.0%
Dividends paid
7,789
7,498
7,310
+3.9%
Dividend per share
$3.03
$3.00
$2.79
+0.9%
Diluted shares, weighted
2,626m
2,540m
2,657m
+3.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
46,878
47,579
52,883
-1.5%
Debt
34,720
30,092
31,286
+15.4%
Operating lease liabilities
652
n/a
n/a
Other liabilities
38,450
37,424
34,141
+2.7%
Total liabilities and equity
120,700
115,095
118,310
+4.9%
Fixed assets
20,692
21,271
20,600
-2.7%
Goodwill
39,901
40,273
45,175
-0.9%
Intangible assets
23,792
24,215
23,902
-1.7%
Investments
n/a
6,048
9,281
Cash and equivalents
16,181
4,239
2,569
+281.7%
Receivables
4,178
4,951
4,686
-15.6%
Inventory
5,498
5,017
4,738
+9.6%
Other assets
10,458
9,081
7,359
+15.2%
Total assets
120,700
115,095
118,310
+4.9%
10-K for the year ended 30 June 2020, filed 6 August 2020: the filing.