Fonterra Co-Operative Group Ltd
NZX:FCG

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Fonterra Co-Operative Group Ltd Logo
Fonterra Co-Operative Group Ltd
NZX:FCG
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Price: 4.23 NZD Market Closed
Market Cap: 6.8B NZD
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Income Statement

Earnings Waterfall
Fonterra Co-Operative Group Ltd

Revenue
22.8B NZD
Cost of Revenue
-19B NZD
Gross Profit
3.8B NZD
Operating Expenses
-2.3B NZD
Operating Income
1.5B NZD
Other Expenses
-416m NZD
Net Income
1.1B NZD

Income Statement
Fonterra Co-Operative Group Ltd

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Income Statement
Currency: NZD
May-2005 Nov-2005 May-2006 Nov-2006 May-2007 Nov-2007 Jan-2009 Jul-2009 Jan-2010 Jul-2010 Jan-2011 Jul-2011 Jan-2012 Jul-2012 Jan-2013 Jul-2013 Jan-2014 Jul-2014 Jan-2015 Jul-2015 Jan-2016 Jul-2016 Jan-2017 Jul-2017 Jan-2018 Jul-2018 Jan-2019 Jul-2019 Jan-2020 Jul-2020 Jan-2021 Jul-2021 Jan-2022 Jul-2022 Jan-2023 Jul-2023 Jan-2024 Jul-2024
Revenue
Revenue
12 323
N/A
12 602
+2%
13 001
+3%
13 455
+3%
13 687
+2%
14 540
+6%
8 035
-45%
16 035
+100%
15 738
-2%
16 726
+6%
18 344
+10%
19 871
+8%
20 541
+3%
19 769
-4%
19 077
-4%
18 643
-2%
20 601
+11%
22 275
+8%
20 729
-7%
18 845
-9%
17 937
-5%
17 199
-4%
17 602
+2%
19 232
+9%
19 830
+3%
20 438
+3%
20 027
-2%
19 255
-4%
19 898
+3%
20 282
+2%
19 808
-2%
20 565
+4%
21 053
+2%
21 901
+4%
24 149
+10%
24 580
+2%
23 332
-5%
22 822
-2%
Gross Profit
Cost of Revenue
0
(2 752)
0
(5 417)
(10 853)
(11 863)
(6 958)
(13 217)
(13 037)
(13 975)
(15 112)
(16 861)
(17 397)
(16 721)
(15 868)
(15 611)
(17 898)
(19 813)
(18 122)
(15 567)
(14 338)
(13 567)
(14 082)
(15 968)
(16 665)
(17 279)
(17 082)
(16 381)
(16 865)
(17 220)
(16 702)
(17 581)
(18 331)
(18 992)
(20 583)
(20 399)
(19 161)
(19 000)
Gross Profit
0
N/A
3 275
N/A
0
N/A
1 064
N/A
2 834
+166%
2 677
-6%
1 077
-60%
2 818
+162%
2 701
-4%
2 751
+2%
3 232
+17%
3 010
-7%
3 144
+4%
3 048
-3%
3 209
+5%
3 032
-6%
2 703
-11%
2 462
-9%
2 607
+6%
3 278
+26%
3 599
+10%
3 632
+1%
3 520
-3%
3 264
-7%
3 165
-3%
3 159
0%
2 945
-7%
2 874
-2%
3 033
+6%
3 062
+1%
3 106
+1%
2 984
-4%
2 722
-9%
2 909
+7%
3 566
+23%
4 181
+17%
4 171
0%
3 822
-8%
Operating Income
Operating Expenses
(12 079)
(9 435)
(12 949)
(7 767)
(1 621)
(1 602)
(895)
(1 917)
(1 806)
(1 722)
(1 920)
(1 954)
(2 027)
(2 106)
(2 157)
(2 151)
(2 106)
(2 071)
(2 159)
(2 472)
(2 508)
(2 262)
(2 219)
(2 180)
(2 445)
(2 500)
(2 215)
(2 098)
(2 032)
(2 183)
(2 129)
(2 093)
(1 943)
(1 973)
(2 311)
(2 426)
(2 294)
(2 278)
Selling, General & Administrative
0
0
0
(751)
(1 517)
(1 499)
(801)
(1 669)
(1 740)
(1 696)
(1 693)
(1 783)
(1 848)
(1 853)
(1 878)
(1 902)
(1 892)
(1 854)
(2 023)
(2 267)
(2 268)
(2 132)
(2 065)
(2 001)
(2 034)
(2 096)
(2 005)
(1 805)
(1 717)
(1 868)
(1 843)
(1 861)
(1 755)
(1 720)
(1 839)
(1 903)
(1 984)
(2 044)
Research & Development
0
0
0
(31)
(95)
(93)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
0
0
0
(37)
(64)
(55)
0
0
0
0
0
0
0
0
0
0
0
0
0
(108)
0
(105)
0
(91)
0
(95)
0
0
0
(99)
0
0
0
0
0
0
0
0
Other Operating Expenses
(12 079)
(9 435)
(12 949)
(6 948)
55
45
(94)
(248)
(66)
(26)
(227)
(171)
(179)
(253)
(279)
(249)
(214)
(217)
(136)
(97)
(240)
(25)
(154)
(88)
(411)
(309)
(210)
(293)
(315)
(216)
(286)
(232)
(188)
(253)
(472)
(523)
(310)
(234)
Operating Income
244
N/A
415
+70%
52
-87%
271
+421%
1 213
+348%
1 075
-11%
182
-83%
901
+395%
895
-1%
1 029
+15%
1 312
+28%
1 056
-20%
1 117
+6%
942
-16%
1 052
+12%
881
-16%
597
-32%
391
-35%
448
+15%
806
+80%
1 091
+35%
1 370
+26%
1 301
-5%
1 084
-17%
720
-34%
659
-8%
730
+11%
776
+6%
1 001
+29%
879
-12%
977
+11%
891
-9%
779
-13%
936
+20%
1 255
+34%
1 755
+40%
1 877
+7%
1 544
-18%
Pre-Tax Income
Interest Income Expense
0
(177)
0
(123)
(231)
(207)
(152)
(298)
(279)
(264)
(290)
(434)
(418)
(265)
(235)
(213)
(177)
(254)
(400)
(382)
(361)
(438)
(368)
(319)
(414)
(408)
(366)
(367)
88
157
(298)
(256)
(155)
(184)
(214)
(211)
(171)
(141)
Non-Reccuring Items
0
0
0
(8)
(50)
(51)
(62)
(61)
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(405)
(405)
0
(451)
(516)
(58)
7
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
244
N/A
238
-2%
52
-78%
140
+169%
932
+566%
817
-12%
(32)
N/A
542
N/A
617
+14%
765
+24%
1 022
+34%
622
-39%
699
+12%
677
-3%
817
+21%
668
-18%
420
-37%
137
-67%
48
-65%
424
+783%
730
+72%
932
+28%
933
+0%
765
-18%
(99)
N/A
(154)
-56%
364
N/A
(42)
N/A
573
N/A
978
+71%
686
-30%
635
-7%
624
-2%
752
+21%
1 041
+38%
1 544
+48%
1 706
+10%
1 403
-18%
Net Income
Tax Provision
(25)
(32)
(40)
(61)
(279)
(207)
31
68
1
(80)
(51)
149
125
(53)
(80)
68
74
42
97
82
2
(98)
(90)
(20)
78
(42)
(116)
(80)
(182)
(175)
(153)
(103)
(79)
(131)
(228)
(303)
(295)
(235)
Income from Continuing Operations
219
206
12
79
653
610
(1)
610
618
685
971
771
824
624
737
736
494
179
145
506
732
834
843
745
(21)
(196)
248
(122)
391
803
533
532
545
621
813
1 241
1 411
1 168
Income to Minority Interest
0
(2)
(12)
(21)
(31)
(46)
1
(11)
(19)
(16)
(16)
(17)
(17)
(15)
(18)
(18)
(19)
(22)
(29)
(40)
(27)
(24)
(24)
(11)
(12)
(25)
(23)
48
72
27
(12)
(21)
(18)
1
1
0
0
0
Net Income (Common)
219
N/A
204
-7%
0
N/A
58
N/A
622
+972%
564
-9%
0
N/A
599
N/A
599
N/A
669
+12%
955
+43%
754
-21%
807
+7%
609
-25%
719
+18%
718
0%
475
-34%
157
-67%
116
-26%
466
+302%
705
+51%
810
+15%
819
+1%
734
-10%
(33)
N/A
(221)
-570%
201
N/A
(562)
N/A
(109)
+81%
686
N/A
537
-22%
578
+8%
554
-4%
584
+5%
766
+31%
1 577
+106%
1 721
+9%
1 128
-34%
EPS (Diluted)
0.18
N/A
0.17
-6%
0
N/A
0.05
N/A
0.47
+840%
0.42
-11%
0
N/A
0.45
N/A
0.45
N/A
0.48
+7%
0.68
+42%
0.53
-22%
0.56
+6%
0.41
-27%
0.46
+12%
0.44
-4%
0.29
-34%
0.1
-66%
0.07
-30%
0.29
+314%
0.44
+52%
0.51
+16%
0.52
+2%
0.46
-12%
-0.02
N/A
-0.14
-600%
0.14
N/A
-0.34
N/A
-0.06
+82%
0.43
N/A
0.32
-26%
0.36
+13%
0.33
-8%
0.36
+9%
0.48
+33%
0.99
+106%
1.02
+3%
0.7
-31%

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