Nestlé S.A. (FRA: NESM)

Nestlé Income Statement

Financials in millions CHF. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	91,750	92,998	94,424	87,088	84,343	92,568
Other Revenue	356	353	356	382	338	297
Revenue	92,106	93,351	94,780	87,470	84,681	92,865
Revenue Growth (YoY)	-3.55%	-1.51%	8.36%	3.29%	-8.81%	1.22%
Cost of Revenue	48,946	50,328	51,745	45,468	42,971	46,647
Gross Profit	43,160	43,023	43,035	42,002	41,710	46,218
Selling, General & Admin	25,545	25,365	25,291	25,311	25,354	28,435
Research & Development	1,676	1,656	1,696	1,670	1,576	1,672
Other Operating Expenses	250	344	400	381	495	213
Operating Expenses	27,471	27,365	27,387	27,362	27,425	30,320
Operating Income	15,689	15,658	15,648	14,640	14,285	15,898
Interest Expense	-1,574	-1,500	-1,124	-815	-831	-1,026
Interest & Investment Income	219	192	140	42	77	161
Earnings From Equity Investments	1,116	1,120	1,040	8,651	1,815	1,001
Other Non Operating Income (Expenses)	-1	-1	-1	-2	3	-2
EBT Excluding Unusual Items	15,449	15,469	15,703	22,516	15,349	16,032
Merger & Restructuring Charges	-638	-750	-319	-366	-265	-564
Impairment of Goodwill	3	-	-71	-353	-402	-779
Gain (Loss) on Sale of Assets	-267	-232	-68	318	1,763	3,414
Asset Writedown	-658	-647	-2,655	-2,261	-309	-1,557
Legal Settlements	-169	-173	-400	-561	-239	-483
Other Unusual Items	241	156	136	164	-160	-
Pretax Income	13,961	13,823	12,326	19,457	15,737	16,063
Income Tax Expense	2,462	2,314	2,730	2,261	3,365	3,159
Earnings From Continuing Operations	11,499	11,509	9,596	17,196	12,372	12,904
Minority Interest in Earnings	-295	-300	-326	-291	-140	-295
Net Income	11,204	11,209	9,270	16,905	12,232	12,609
Net Income to Common	11,204	11,209	9,270	16,905	12,232	12,609
Net Income Growth	15.84%	20.92%	-45.16%	38.20%	-2.99%	24.41%
Shares Outstanding (Basic)	2,622	2,646	2,707	2,788	2,845	2,929
Shares Outstanding (Diluted)	2,622	2,648	2,709	2,791	2,849	2,934
Shares Change (YoY)	-1.97%	-2.25%	-2.94%	-2.04%	-2.90%	-2.82%
EPS (Basic)	4.27	4.24	3.42	6.06	4.30	4.30
EPS (Diluted)	4.27	4.23	3.42	6.06	4.29	4.30
EPS Growth	18.15%	23.68%	-43.56%	41.26%	-0.23%	27.98%
Free Cash Flow	11,273	10,227	6,812	8,984	10,301	12,155
Free Cash Flow Per Share	4.30	3.86	2.51	3.22	3.62	4.14
Dividend Per Share	3.000	3.000	2.950	2.800	2.750	2.700
Dividend Growth	1.69%	1.69%	5.36%	1.82%	1.85%	10.20%
Gross Margin	46.86%	46.09%	45.41%	48.02%	49.26%	49.77%
Operating Margin	17.03%	16.77%	16.51%	16.74%	16.87%	17.12%
Profit Margin	12.16%	12.01%	9.78%	19.33%	14.44%	13.58%
Free Cash Flow Margin	12.24%	10.96%	7.19%	10.27%	12.16%	13.09%
EBITDA	18,230	18,156	18,238	17,145	16,826	18,676
EBITDA Margin	19.79%	19.45%	19.24%	19.60%	19.87%	20.11%
D&A For EBITDA	2,541	2,498	2,590	2,505	2,541	2,778
EBIT	15,689	15,658	15,648	14,640	14,285	15,898
EBIT Margin	17.03%	16.77%	16.51%	16.74%	16.87%	17.12%
Effective Tax Rate	17.63%	16.74%	22.15%	11.62%	21.38%	19.67%

Source: S&P Capital IQ. Standard template. Financial Sources.