Fonterra Co-operative Group Limited (NZE: FCG)

NZE: FCG Income Statement

Financials in millions NZD. Fiscal year is August - July.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2024	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Revenue	22,822	22,822	24,580	21,901	20,565	20,282
Revenue Growth (YoY)	-7.15%	-7.15%	12.23%	6.50%	1.40%	5.33%
Cost of Revenue	19,000	19,000	20,399	18,992	17,581	17,236
Gross Profit	3,822	3,822	4,181	2,909	2,984	3,046
Selling, General & Admin	1,984	1,984	1,817	1,668	1,866	1,868
Other Operating Expenses	73	73	173	78	261	307
Operating Expenses	2,244	2,244	2,170	1,919	2,127	2,175
Operating Income	1,578	1,578	2,011	990	857	871
Interest Expense	-199	-199	-256	-259	-261	-317
Interest & Investment Income	12	12	22	55	9	13
Earnings From Equity Investments	-	-	-	-	5	-6
Currency Exchange Gain (Loss)	16	16	-8	-	25	-8
Other Non Operating Income (Expenses)	30	30	23	10	-	-
EBT Excluding Unusual Items	1,437	1,437	1,792	796	635	553
Merger & Restructuring Charges	-	-	-	-	-	480
Impairment of Goodwill	-	-	-121	-	-	-
Asset Writedown	-34	-34	-127	-44	-	-55
Pretax Income	1,403	1,403	1,544	752	635	978
Income Tax Expense	235	235	303	131	103	175
Earnings From Continuing Operations	1,168	1,168	1,241	621	532	803
Earnings From Discontinued Operations	-40	-40	336	-38	67	-144
Net Income to Company	1,128	1,128	1,577	583	599	659
Minority Interest in Earnings	-	-	-	-	-21	27
Net Income	1,128	1,128	1,577	583	578	686
Net Income to Common	1,128	1,128	1,577	583	578	686
Net Income Growth	-28.47%	-28.47%	170.50%	0.87%	-15.74%	-
Shares Outstanding (Basic)	1,607	1,607	1,611	1,613	1,613	1,612
Shares Outstanding (Diluted)	1,607	1,607	1,611	1,613	1,613	1,612
Shares Change (YoY)	-0.22%	-0.22%	-0.18%	0.02%	0.06%	0.01%
EPS (Basic)	0.70	0.70	0.98	0.36	0.36	0.43
EPS (Diluted)	0.70	0.70	0.98	0.36	0.36	0.43
EPS Growth	-28.31%	-28.31%	170.98%	0.85%	-15.80%	-
Free Cash Flow	1,736	1,736	2,920	-584	725	1,101
Free Cash Flow Per Share	1.08	1.08	1.81	-0.36	0.45	0.68
Dividend Per Share	0.400	0.400	0.483	0.200	0.200	0.050
Dividend Growth	-17.24%	-17.24%	141.65%	0%	300.00%	-
Gross Margin	16.75%	16.75%	17.01%	13.28%	14.51%	15.02%
Operating Margin	6.91%	6.91%	8.18%	4.52%	4.17%	4.29%
Profit Margin	4.94%	4.94%	6.42%	2.66%	2.81%	3.38%
Free Cash Flow Margin	7.61%	7.61%	11.88%	-2.67%	3.53%	5.43%
EBITDA	2,033	2,033	2,665	1,432	1,295	1,295
EBITDA Margin	8.91%	8.91%	10.84%	6.54%	6.30%	6.38%
D&A For EBITDA	455	455	654	442	438	424
EBIT	1,578	1,578	2,011	990	857	871
EBIT Margin	6.91%	6.91%	8.18%	4.52%	4.17%	4.29%
Effective Tax Rate	16.75%	16.75%	19.62%	17.42%	16.22%	17.89%
Advertising Expenses	240	240	219	227	-	-

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