Danone S.A. (GPDNF)

Danone Income Statement

Financials in millions EUR. 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
Revenue	27,209	27,619	27,661	24,281	23,620	25,287
Revenue Growth (YoY)	-4.54%	-0.15%	13.92%	2.80%	-6.59%	2.58%
Cost of Revenue	14,029	14,535	14,922	12,760	12,267	12,878
Gross Profit	13,180	13,084	12,739	11,521	11,353	12,409
Selling, General & Admin	9,121	9,036	8,931	7,843	7,651	8,158
Research & Development	425	398	339	338	323	351
Other Operating Expenses	131	159	86	5	50	32
Operating Expenses	9,677	9,593	9,356	8,186	8,024	8,541
Operating Income	3,503	3,491	3,383	3,335	3,329	3,868
Interest Expense	-595	-513	-308	-323	-358	-400
Interest & Investment Income	401	341	155	156	151	181
Earnings From Equity Investments	11	36	-32	585	304	-46
Other Non Operating Income (Expenses)	-174	-185	-157	-95	-104	-152
EBT Excluding Unusual Items	3,146	3,170	3,041	3,658	3,322	3,451
Merger & Restructuring Charges	-232	-103	-419	-1,030	-216	-344
Impairment of Goodwill	-47	-47	-400	-7	-32	-
Gain (Loss) on Sale of Assets	-823	-1,128	2	8	-4	-150
Asset Writedown	-48	-48	-258	-45	-321	-84
Other Unusual Items	-171	-123	-165	-4	43	-52
Pretax Income	1,825	1,721	1,801	2,580	2,792	2,821
Income Tax Expense	743	768	778	589	762	793
Earnings From Continuing Operations	1,082	953	1,023	1,991	2,030	2,028
Minority Interest in Earnings	-75	-72	-64	-67	-74	-99
Net Income	1,007	881	959	1,924	1,956	1,929
Preferred Dividends & Other Adjustments	4	8	13	26	15	14
Net Income to Common	1,003	873	946	1,898	1,941	1,915
Net Income Growth	-23.42%	-8.13%	-50.16%	-1.64%	1.40%	-17.88%
Shares Outstanding (Basic)	642	641	639	646	649	648
Shares Outstanding (Diluted)	643	642	639	646	650	649
Shares Change (YoY)	0.40%	0.35%	-1.08%	-0.54%	0.13%	0.88%
EPS (Basic)	1.56	1.36	1.48	2.94	2.99	2.95
EPS (Diluted)	1.55	1.36	1.48	2.94	2.99	2.95
EPS Growth	-23.67%	-8.11%	-49.61%	-1.73%	1.33%	-18.73%
Free Cash Flow	2,666	2,595	2,091	2,431	2,005	2,493
Free Cash Flow Per Share	4.15	4.04	3.27	3.76	3.08	3.84
Dividend Per Share	2.100	2.100	2.000	1.940	1.940	2.100
Dividend Growth	5.00%	5.00%	3.09%	0%	-7.62%	8.25%
Gross Margin	48.44%	47.37%	46.05%	47.45%	48.07%	49.07%
Operating Margin	12.87%	12.64%	12.23%	13.74%	14.09%	15.30%
Profit Margin	3.69%	3.16%	3.42%	7.82%	8.22%	7.57%
Free Cash Flow Margin	9.80%	9.40%	7.56%	10.01%	8.49%	9.86%
EBITDA	4,779	4,750	4,254	4,146	4,418	5,093
EBITDA Margin	17.56%	17.20%	15.38%	17.07%	18.70%	20.14%
D&A For EBITDA	1,276	1,259	871	811	1,089	1,225
EBIT	3,503	3,491	3,383	3,335	3,329	3,868
EBIT Margin	12.87%	12.64%	12.23%	13.73%	14.09%	15.30%
Effective Tax Rate	40.71%	44.63%	43.20%	22.83%	27.29%	28.11%

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