Cash flow Diageo plc

Equities

DGE

GB0002374006

Distillers & Wineries

Real-time Estimate Cboe Europe Other stock markets 08:16:05 2025-01-13 am EST			5-day change	1st Jan Change
2,373.50 ^GBX	-2.98%		-4.95%	-6.23%

01:21pm	DIAGEO : JP Morgan gives a Neutral rating	ZD
12:47pm	Indian state rations Kingfisher beer after Heineken turns off taps in price row	RE

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Published financial data: DIAGEO PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2024
Revenues	11.75B	12.73B	15.45B	17.11B	20.27B
Total Revenues	11.75B	12.73B	15.45B	17.11B	20.27B
Cost of Goods Sold, Total	4.65B	5.04B	5.97B	6.83B	8B
Gross Profit	7.1B	7.7B	9.48B	10.28B	12.27B
Selling General & Admin Expenses, Total	1.83B	2.16B	2.76B	3.07B	3.73B
Other Operating Expenses	1.76B	1.79B	1.91B	1.92B	2.54B
Other Operating Expenses, Total	3.6B	3.94B	4.67B	4.98B	6.27B
Operating Income	3.5B	3.75B	4.81B	5.3B	6B
Interest Expense, Total	-670M	-602M	-837M	-883M	-1.21B
Interest And Investment Income	331M	258M	470M	271M	294M
Net Interest Expenses	-339M	-344M	-367M	-612M	-918M
Income (Loss) On Equity Invest.	282M	334M	417M	370M	414M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-29M	-28M	-29M	-34M	-45M
EBT, Excl. Unusual Items	3.42B	3.71B	4.83B	5.02B	5.45B
Restructuring Charges	-	-	-50M	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-655M	-	-19M	-	-
Gain (Loss) On Sale Of Investments	-1M	-	-	-	-
Gain (Loss) On Sale Of Assets	-30M	14M	-17M	336M	-70M
Asset Writedown	-713M	7M	-317M	-	-16M
Legal Settlements	83M	-12M	-	-	-
Other Unusual Items	-58M	-16M	-38M	-622M	97M
EBT, Incl. Unusual Items	2.04B	3.71B	4.39B	4.74B	5.46B
Income Tax Expense	589M	907M	1.05B	970M	1.29B
Earnings From Continuing Operations	1.45B	2.8B	3.34B	3.77B	4.17B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.45B	2.8B	3.34B	3.77B	4.17B
Minority Interest	-45M	-139M	-89M	-32M	-296M
Net Income - (IS)	1.41B	2.66B	3.25B	3.73B	3.87B
Net Income to Common Incl Extra Items	1.41B	2.66B	3.25B	3.73B	3.87B
Net Income to Common Excl. Extra Items	1.41B	2.66B	3.25B	3.73B	3.87B
Per Share Items
Net EPS - Basic	0.6	1.14	1.4	1.65	1.73
Basic EPS - Continuing Operations	0.6	1.14	1.4	1.65	1.73
Basic Weighted Average Shares Outstanding	2.35B	2.34B	2.32B	2.26B	2.23B
Net EPS - Diluted	0.6	1.13	1.4	1.64	1.73
Diluted EPS - Continuing Operations	0.6	1.13	1.4	1.64	1.73
Diluted Weighted Average Shares Outstanding	2.35B	2.34B	2.32B	2.27B	2.24B
Normalized Basic EPS	0.89	0.93	1.26	1.37	1.39
Normalized Diluted EPS	0.89	0.93	1.26	1.37	1.39
Dividend Per Share	0.7	0.73	0.76	0.8	1.03
Payout Ratio	116.82	61.88	52.88	47.16	57.93
American Depositary Receipts Ratio (ADR)	0.22	0.22	0.22	0.22	0.22
Supplemental Items
EBITDA	3.83B	4.06B	5.17B	5.66B	6.5B
EBITA	3.5B	3.76B	4.81B	5.31B	6.02B
EBIT	3.5B	3.75B	4.81B	5.3B	6B
EBITDAR	3.88B	4.09B	5.21B	5.72B	6.58B
Total Revenues (As Reported)	11.75B	12.73B	15.45B	17.11B	20.27B
Effective Tax Rate - (Ratio)	28.83	24.47	23.91	20.48	23.7
Current Domestic Taxes	114M	101M	184M	193M	127M
Current Foreign Taxes	564M	712M	883M	840M	979M
Total Current Taxes	678M	813M	1.07B	1.03B	1.11B
Deferred Domestic Taxes	30M	67M	2M	31M	55M
Deferred Foreign Taxes	-119M	27M	-20M	-94M	133M
Total Deferred Taxes	-89M	94M	-18M	-63M	188M
Normalized Net Income	2.09B	2.18B	2.93B	3.11B	3.11B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	15M	16M	12M	15M	23M
Non-Cash Pension Expense	-71M	-18M	-78M	-45M	40M
Supplemental Operating Expense Items
Marketing Expenses	1.84B	2.16B	2.72B	3.05B	3.69B
Selling and Marketing Expenses	1.84B	2.16B	2.72B	3.05B	3.69B
Research And Development Expense From Footnotes	34M	40M	43M	53M	69M
Net Rental Expense, Total	50M	31M	48M	61M	78M
Imputed Operating Lease Interest Expense	17.89M	9.2M	20.11M	25.27M	34.13M
Imputed Operating Lease Depreciation	32.11M	21.8M	27.89M	35.73M	43.87M
Maintenance & Repair Expenses, Total	105M	107M	136M	143M	171M
Stock-Based Comp., Other (Total)	3M	50M	59M	48M	43M
Total Stock-Based Compensation	3M	50M	59M	48M	43M

Fiscal Period: June	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.32B	2.75B	2.28B	1.44B	1.13B
Short Term Investments	73M	46M	136M	198M	275M
Trading Asset Securities, Total	-	4M	-	-	-
Total Cash And Short Term Investments	3.4B	2.8B	2.42B	1.64B	1.4B
Accounts Receivable, Total	1.5B	1.82B	2.16B	2.01B	2.67B
Other Receivables	646M	563M	637M	712M	843M
Total Receivables	2.14B	2.38B	2.79B	2.72B	3.52B
Inventory	5.77B	6.04B	7.09B	7.66B	9.72B
Prepaid Expenses	157M	150M	290M	229M	274M
Other Current Assets, Total	2M	71M	337M	149M	210M
Total Current Assets	11.47B	11.44B	12.93B	12.4B	15.13B
Gross Property Plant And Equipment	8.26B	8.18B	9.45B	9.57B	13.03B
Accumulated Depreciation	-3.33B	-3.33B	-3.6B	-3.43B	-4.52B
Net Property Plant And Equipment	4.93B	4.85B	5.85B	6.14B	8.51B
Long-term Investments	3.8B	3.46B	3.69B	3.89B	5.13B
Goodwill	1.91B	1.96B	2.29B	2.23B	2.86B
Other Intangibles, Total	9.39B	8.81B	9.62B	9.28B	11.95B
Accounts Receivable Long-Term	3M	5M	3M	1M	-
Deferred Tax Assets Long-Term	119M	100M	114M	141M	143M
Other Long-Term Assets, Total	1.68B	1.33B	2.02B	1.54B	1.76B
Total Assets	33.31B	31.95B	36.52B	35.62B	45.47B
Liabilities
Accounts Payable, Total	1.33B	2.01B	2.7B	2.66B	3.07B
Accrued Expenses, Total	1.82B	1.93B	2.47B	2.1B	2.65B
Short-term Borrowings	350M	210M	55M	249M	514M
Current Portion of Long-Term Debt	1.64B	1.65B	1.47B	1.46B	2.39B
Current Portion of Leases	106M	82M	85M	75M	95M
Current Income Taxes Payable	246M	146M	252M	135M	136M
Unearned Revenue Current, Total	79M	72M	90M	73M	84M
Other Current Liabilities	916M	1.03B	1.31B	867M	935M
Total Current Liabilities	6.5B	7.14B	8.44B	7.61B	9.87B
Long-Term Debt	14.8B	12.96B	14.78B	15.17B	18.98B
Long-Term Leases	364M	281M	390M	373M	509M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	749M	574M	402M	373M	429M
Deferred Tax Liability Non Current	1.97B	1.94B	2.32B	2.18B	2.95B
Other Non Current Liabilities	483M	621M	668M	614M	675M
Total Liabilities	24.87B	23.52B	27B	26.33B	33.4B
Common Stock, Total	742M	741M	723M	712M	887M
Additional Paid In Capital	1.35B	1.35B	1.35B	1.35B	1.7B
Retained Earnings	4.34B	5.06B	5.39B	5.71B	9.78B
Treasury Stock	-1.94B	-1.88B	-1.84B	-1.81B	-2.25B
Comprehensive Income and Other	2.27B	1.62B	2.17B	1.86B	-91M
Total Common Equity	6.77B	6.9B	7.8B	7.82B	10.03B
Minority Interest	1.67B	1.53B	1.72B	1.47B	2.04B
Total Equity	8.44B	8.43B	9.51B	9.29B	12.07B
Total Liabilities And Equity	33.31B	31.95B	36.52B	35.62B	45.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.33B	2.34B	2.28B	2.24B	2.22B
ECS Total Common Shares Outstanding	2.34B	2.34B	2.28B	2.24B	2.22B
Book Value / Share	2.9	2.95	3.42	3.49	4.52
Tangible Book Value	-4.53B	-3.87B	-4.1B	-3.69B	-4.78B
Tangible Book Value Per Share	-1.94	-1.66	-1.8	-1.64	-2.15
Total Debt	17.27B	15.18B	16.78B	17.33B	22.48B
Net Debt	13.87B	12.38B	14.36B	15.69B	21.08B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-651M	-707M	-1.39B	-819M	-995M
Debt Equivalent Oper. Leases	400M	248M	384M	488M	624M
Minority Interest, Total (Incl. Fin. Div)	1.67B	1.53B	1.72B	1.47B	2.04B
Equity Method Investments, Total	3.56B	3.31B	3.65B	3.83B	5.03B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	363M	348M	489M	543M	639M
Inventories - Work In Process, Total	4.61B	4.73B	5.32B	5.93B	7.95B
Inventories - Finished Goods, Total	799M	969M	1.29B	1.19B	1.13B
Land - (BS)	2.14B	2.16B	2.65B	2.66B	3.62B
Machinery, Total	5B	4.84B	5.38B	5.25B	7.34B
Full Time Employees	27.79K	27.78K	28.56K	30.27K	30.09K
Accumulated Allowance for Doubtful Accounts (Supple)	160M	112M	118M	89M	95M

Fiscal Period: June	2020	2021	2022	2023	2024
Net Income	1.41B	2.66B	3.25B	3.73B	3.87B
Depreciation & Amortization - CF	417M	398M	447M	440M	601M
Amortization of Goodwill and Intangible Assets - (CF)	1M	5M	7M	16M	19M
Depreciation & Amortization, Total	418M	403M	454M	456M	620M
Amortization of Deferred Charges, Total - (CF)	62M	44M	38M	40M	58M
(Gain) Loss From Sale Of Asset	22M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	1M	-	-	-	-
Asset Writedown & Restructuring Costs	1.36B	-	336M	570M	-185M
(Income) Loss On Equity Investments - (CF)	-282M	-334M	-227M	-370M	-414M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-341M	550M	264M	-231M	924M
Change In Accounts Receivable	523M	-446M	-378M	121M	-66M
Change In Inventories	-366M	-443M	-740M	-675M	-156M
Change In Accounts Payable	-485M	1.22B	939M	-621M	-546M
Cash from Operations	2.32B	3.65B	3.94B	3.02B	4.1B
Capital Expenditure	-700M	-626M	-1.1B	-1.18B	-1.51B
Sale of Property, Plant, and Equipment	14M	13M	17M	13M	14M
Cash Acquisitions	-130M	-488M	-271M	-342M	-6M
Divestitures	11M	14M	82M	462M	87M
Investment in Marketable and Equity Securities, Total	-	-	-	-93M	-133M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-4M	-72M	-57M	-47M
Cash from Investing	-805M	-1.09B	-1.34B	-1.2B	-1.6B
Long-Term Debt Issued, Total	5.19B	1.03B	2.77B	2.66B	2.61B
Total Debt Issued	5.19B	1.03B	2.77B	2.66B	2.61B
Long-Term Debt Repaid, Total	-1.1B	-2B	-1.94B	-1.71B	-2.16B
Total Debt Repaid	-1.1B	-2B	-1.94B	-1.71B	-2.16B
Issuance of Common Stock	55M	49M	18M	29M	21M
Repurchase of Common Stock	-1.28B	-109M	-2.28B	-1.38B	-987M
Common Dividends Paid	-1.65B	-1.65B	-1.72B	-1.76B	-2.24B
Common & Preferred Stock Dividends Paid	-1.65B	-1.65B	-1.72B	-1.76B	-2.24B
Other Financing Activities, Total	-173M	-119M	-96M	-243M	-350M
Cash from Financing	1.04B	-2.79B	-3.26B	-2.41B	-3.11B
Foreign Exchange Rate Adjustments	-120M	-285M	239M	-227M	-33M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-30M
Net Change in Cash	2.43B	-516M	-426M	-808M	-659M
Supplemental Items
Cash Interest Paid	493M	440M	438M	685M	1.02B
Cash Income Tax Paid (Refund)	901M	852M	949M	1.2B	1.1B
Levered Free Cash Flow	1.19B	2.07B	1.7B	872M	1.56B
Unlevered Free Cash Flow	1.61B	2.45B	2.23B	1.42B	2.32B
Change In Net Working Capital	366M	-232M	231M	1.25B	638M
Net Debt Issued / Repaid	4.08B	-969M	821M	948M	452M

Fiscal Period: June	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.78	7.18	8.78	9.18	8.3
Return on Total Capital	9.02	9.51	12.04	12.52	11.01
Return On Equity %	15.64	33.18	37.2	40.05	35.04
Return on Common Equity	18.62	38.92	44.22	47.81	38.92
Margin Analysis
Gross Profit Margin %	60.4	60.43	61.34	60.08	60.54
SG&A Margin	15.59	16.95	17.86	17.93	18.41
EBITDA Margin %	32.58	31.9	33.43	33.07	32.05
EBITA Margin %	29.82	29.5	31.15	31.05	29.69
EBIT Margin %	29.81	29.46	31.11	30.96	29.59
Income From Continuing Operations Margin %	12.37	21.98	21.6	22.01	20.55
Net Income Margin %	11.99	20.89	21.03	21.82	19.09
Net Avail. For Common Margin %	11.99	20.89	21.03	21.82	19.09
Normalized Net Income Margin	17.79	17.13	18.95	18.15	15.34
Levered Free Cash Flow Margin	10.11	16.27	11.03	5.1	7.72
Unlevered Free Cash Flow Margin	13.67	19.22	14.41	8.32	11.45
Asset Turnover
Asset Turnover	0.36	0.39	0.45	0.47	0.45
Fixed Assets Turnover	2.51	2.61	2.89	2.85	2.5
Receivables Turnover (Average Receivables)	6.4	7.68	7.78	8.22	7.78
Inventory Turnover (Average Inventory)	0.83	0.85	0.91	0.93	0.83
Short Term Liquidity
Current Ratio	1.77	1.6	1.53	1.63	1.53
Quick Ratio	0.85	0.73	0.62	0.57	0.5
Operating Cash Flow to Current Liabilities	0.36	0.51	0.47	0.4	0.42