7Baggers

Coca-Cola European Partners plc
(NASDAQ:CCEP) 

CCEP stock logo

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, flavored water, and isotonic drinks; and ready-to-drink tea and coffee, ju...

Founded: 1986
Full Time Employees: 23,357
Sector: Consumer Defensive
Industry: Beverages-Non-Alcoholic
Consumer DefensiveBeverages
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-06-27 2024-12-31 2024-06-28 2023-12-31 2023-06-30 2022-12-31 2022-07-01 2021-12-31 2021-07-02 2021-05-11 2021-04-20 2020-12-31 2020-06-26 2019-12-31 2019-06-28 2018-12-31 2018-06-29 2018-03-30 2017-12-31 2017-09-29 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-07-01 
                             
      note
    		                         
      revenue
    		10,274 20,438 9,828 18,302 8,977  8,280  5,918        3,057 2,378 2,662 2,964 3,054 2,382,000,000 2,605 2,986 6,329 
      yoy
    		14.45%  18.70%  51.69%            0.10% -100.00% 2.19% -0.74% -51.75%     
      qoq
    		-49.73% 107.96% -46.30% 103.88%             28.55% -10.67% -10.19% -2.95% -100.00% 91439439.35% -12.76% -52.82%  
      cost of sales
    		-6,637 -13,227 -6,332 -11,582 -5,707  -5,288  -3,840        -1,850 -1,491 -1,273.75 -1,774 -1,853 -1,468,000,000 -1,516 -1,825 -4,017 
      gross profit
    		3,637 7,211 3,496 6,720 3,270  2,992  2,078        1,207 887 985 1,190 1,201 914,000,000 1,089 1,161 2,312 
      yoy
    		11.22%  16.84%  57.36%            0.50% -100.00% -9.55% 2.50% -48.05%     
      qoq
    		-49.56% 106.26% -47.98% 105.50%             36.08% -9.95% -17.23% -0.92% -100.00% 83930111.20% -6.20% -49.78%  
      gross margin %
    		35.40% 35.28% 35.57% 36.72% 36.43% NaN% 36.14% NaN% 35.11% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 39.48% 37.30% 37.00% 40.15% 39.33% 38.37% 41.80% 38.88% 36.53% 
      selling and distribution expenses
    		-1,629 -3,345 -1,610 -3,178 -1,522  -1,410  -1,033        -565 -505 -399.25 -550 -553 -494,000,000 -579 -500 -919 
      administrative expenses
    		-674 -1,734 -744 -1,310 -631  -615  -525        -224 -195 -161.5 -213 -232 -201,000,000 -378 -256 -634 
      other income
    		30   107 53                     
      operating profit
    		1,364 2,132 1,142 2,339 1,170  967  520        418 187 198 427 416 219,000,000 132 405 759 
      yoy
    		16.58%  18.10%  125.00%            0.48% -100.00% 50.00% 5.43% -45.19%     
      qoq
    		-36.02% 86.69% -51.18% 99.91%             123.53% -5.56% -53.63% 2.64% -100.00% 165908990.91% -67.41% -46.64%  
      operating margin %
    		13.28% 10.43% 11.62% 12.78% 13.03% NaN% 11.68% NaN% 8.79% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 13.67% 7.86% 7.44% 14.41% 13.62% 9.19% 5.07% 13.56% 11.99% 
      finance income
    		34 85 42 65 31  30  14        10 13 11 12 11 14,000,000 10 12 24 
      finance costs
    		-132 -272 -129 -185 -94  -93  -78        -34 -34 -29 -40 -38 -38,000,000 -43 -41 -134 
      total finance costs
    		-98 -187 -87 -120 -63  -63  -64        -24 -21 -19.75 -28 -27 -24,000,000 -33 -29 -110 
      non-operating items
    		-6  -10 -16 -6  -6  -1          -0.5 -2   -4 -1 -5 
      profit before taxes
    		1,260 1,936 1,045 2,203 1,101  898  455        394 166 178 397 389 195,000,000 95 375 644 
      taxes
    		-323 -492 -234 -534 -247  -223  -209        -101 -42 -58 -93 -91 -48,000,000 -83 -48 -131 
      profit after taxes
    		937 1,444 811 1,669 854  675  246        293 124 -61 304 298 147,000,000 12 327 513 
      profit attributable to shareholders
    		913 1,418 797 1,669 854  667  244                 
      profit attributable to non-controlling interests
    		24 26 14    8  2                 
      basic earnings per share
    		1.99 3.08 1.73 3.64 1.86  1.46  0.54        0.6 0.26 -0.13 0.63 0.61 0.31 0.09 0.68 2.23 
      diluted earnings per share
    		1.99 3.08 1.73 3.63 1.86  1.46  0.53        0.6 0.25 -0.12 0.62 0.61 0.3 0.08 0.67 2.19 
                             
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-06-27 2024-12-31 2024-06-28 2023-12-31 2023-06-30 2022-12-31 2022-07-01 2021-12-31 2021-07-02 2020-12-31 2020-06-26 2019-12-31 2019-06-28 2018-12-31 2018-09-28 2018-06-29 2018-03-30 2017-12-31 2017-09-29 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-07-01 
                              
        note
      		                        
        assets
      		                        
        non-current:
      		                        
        intangible assets
      		12,434 12,749 12,889 12,395 12,319 12,505 12,677 12,639 12,706 8,414 8,395 8,506 8,392 8,384 8,371 8,363 8,390 8,384 8,394 8,400 8,333 8,344 8,336 8,388 
        goodwill
      		4,544 4,687 4,791 4,514 4,483 4,600 4,668 4,623 4,579 2,517 2,514 2,520 2,521 2,518 2,521 2,521 2,520 2,520 2,522 2,522 2,427 2,427 2,246 2,243 
        property, plant and equipment
      		6,199 6,434 6,382 5,344 5,077 5,201 5,164 5,248 5,315 3,860 4,030 4,205 4,184 3,888 3,780 3,793 3,787 3,837 3,740 3,768 3,950 3,993 3,957 3,927 
        investment property
      		66 73 76                      
        non-current derivative assets
      		40 98 91 100 134 191 265 226 139 6 4 3 3 2 8 7 3 2 3 2 25 35 3 9 
        deferred tax assets
      		18 24 1 1 32 21 26 60 22 27 10 27 41 37 68 62 52 56 269 255 300 274 292 248 
        other non-current assets
      		407 397 353 295 292 252 576 534 399 337 313 321 286 396 76 78 80 81 58 63 68 70 66 62 
        total non-current assets
      		23,708 24,462 24,583 22,649 22,337 22,770 23,376 23,330 23,160 15,161 15,266 15,582 15,427 15,225 14,824 14,824 14,832 14,880 14,986 15,010 15,103 15,143 14,900 14,877 
        current:
      		                        
        current derivative assets
      		27 102 87 161 233 257 308 150 121 40 9 12 10 13 23 22 11 20 13 17 20 23 17 33 
        current tax assets
      		59 58 54 58 50 85 31 46 22 19 13 18 8 21 15 26 28 25 35 29 19 16 43 42 
        inventories
      		1,808 1,608 1,914 1,356 1,714 1,380 1,410 1,157 1,236 681 795 723 945 693 747 815 774 650 755 802 726 673 690 769 
        amounts receivable from related parties
      		102 89 129 123 88 139 77 143 109 150 95 106 114 107 104 101 84 75 99 95 77 95 83  
        trade accounts receivable
      		3,246 2,564 2,954 2,547 2,930 2,466 2,753 2,305 2,457 1,439 1,776 1,669 1,974 1,655 1,851 1,966 1,747 1,732 1,917 2,151 1,833 1,860 2,060 2,127 
        other current assets
      		706 458 455 351 415 479 275 271 241 224 216 259 230 193 509 497 461 452 456 428 397 372 351 318 
        assets held for sale
      		70 46 43 22 54 94 66 223                 
        short term investments
      		401 150 272 568 862 256 239 58                 
        cash and cash equivalents
      		1,659 1,563 1,610 1,419 1,112 1,387 1,819 1,407 1,824 1,523 893 316 382 309 486 368 245 360 473 306 364 386 347 482 
        total current assets
      		8,078 6,638 7,518 6,605 7,458 6,543 6,978 5,760 6,010 4,076 3,797 3,103 3,663 2,991 3,735 3,795 3,350 3,314 3,748 3,828 3,436 3,425 3,591 3,858 
        total assets
      		31,786 31,100 32,101 29,254 29,795 29,313 30,354 29,090 29,170 19,237 19,063 18,685 19,090 18,216 18,559 18,619 18,182 18,194 18,734 18,838 18,539 18,568 18,491 18,735 
        liabilities
      		                        
        borrowings, less current portion
      		9,755 9,940 10,131 10,096 9,332 10,571 11,065 11,790 11,806 6,382 6,343 5,622 5,676 5,127 5,247 5,289 5,448 5,474 5,140 5,274 5,546 5,562 6,006 6,345 
        employee benefit liabilities
      		171 172 188 191 110 108 122 138 156 283 350 221 134 142 147 150 157 162 249 266 277 278 232 236 
        non-current provisions
      		56 104 69 45 39 55 86 48 56 83 54 54 116 119 68 67 58 48 38 49 71 89 54 85 
        non-current derivative liabilities
      		138 161 194 169 227 187 134 47 63 15 34 13 40 51 71 77 129 93 75 38 2 1 11 4 
        deferred tax liabilities
      		3,385 3,498 3,565 3,378 3,448 3,513 3,604 3,617 3,507 2,134 2,122 2,203 2,160 2,157 2,265 2,253 2,232 2,237 2,308 2,289 2,260 2,248 2,219 2,219 
        non-current tax liabilities
      		34 30 19 75 71 82 106 110 128 131 261 254             
        other non-current liabilities
      		54 61 48 46 42 37 38 37 38 44 45 47 280 264 235 233 223 208 213 206 178 177 83 81 
        total non-current liabilities
      		13,593 13,966 14,214 14,000 13,269 14,553 15,155 15,787 15,754 9,072 9,209 8,414 8,406 7,860 8,033 8,069 8,247 8,222 8,023 8,122 8,334 8,355 8,605 8,970 
        current portion of borrowings
      		2,257 1,391 2,021 1,300 2,425 1,336 1,577 1,350 1,752 805 762 799 620 491 92 395 394 274 900 1,075 875 875 397 529 
        current portion of employee benefit liabilities
      		7 7 7 8 8 8 9 10 12 13 15 17 18 19 20 20 21 21 22 23 23 24   
        current provisions
      		194 246 174 114 113 115 106 86 157 154 172 142 74 133 108 139 162 194 118 143 172 221 211 203 
        current derivative liabilities
      		98 45 60 99 102 76 68 19 32 62 63 28 21 20 4 3 7 1 5 6 10 8 7 9 
        current tax liabilities
      		364 301 310 253 269 241 242 181 230 171 81 95 157 110 147 114 83 86 138 102 76 44 103 72 
        amounts payable to related parties
      		494 373 450 270 373 485 339 210 307 181 232 249 379 191 203 235 192 178 187 204 175 162 226  
        trade and other payables
      		6,274 5,786 5,856 5,234 5,476 5,052 5,075 4,237 4,131 2,754 2,697 2,785 3,080 2,828 3,114 2,814 2,398 2,533 2,573 2,583 2,331 2,418 2,445 2,420 
        total current liabilities
      		9,688 8,149 8,878 7,278 8,766 7,313 7,416 6,093 6,621 4,140 4,022 4,115 4,349 3,792 3,688 3,720 3,257 3,287 3,943 4,136 3,662 3,752 3,389 3,469 
        total liabilities
      		23,281 22,115 23,092 21,278 22,035 21,866 22,571 21,880 22,375 13,212 13,231 12,529 12,755 11,652 11,721 11,789 11,504 11,509 11,966 12,258 11,996 12,107 11,994 12,439 
        equity
      		                        
        share capital
      		5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 
        share premium
      		308 307 287 276 265 234 225 220 210 192 184 178 167 152 140 135 131 127 126 124 118 114 113 109 
        merger reserves
      		287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 287 8,466 8,466 
        other reserves
      		-1,522 -912 -770 -823 -808 -507 -62 -156 -386 -537 -647 -449 -567 -552 -518 -521 -499 -503 -504 -485 -420 -419  -360 
        retained earnings
      		8,950 8,802 8,717 8,231 8,011 7,428 7,136 6,677 6,454 6,078 6,003 6,135 6,443 6,672 6,924 6,924 6,754 6,769 6,854 6,649 6,553 6,474 9,401 9,218 
        equity attributable to shareholders
      		8,028 8,489 8,526 7,976  7,447 7,591 7,033 6,570                
        non-controlling interests
      		477                        
        total equity
      		8,505 8,985 9,009 7,976 7,760 7,447 7,783 7,210 6,795 6,025 5,832 6,156 6,335 6,564 6,838 6,830 6,678 6,685 6,768 6,580 6,543 6,461 6,497 6,296 
        total equity and liabilities
      		31,786 31,100 32,101 29,254 29,795 29,313 30,354 29,090 29,170 19,237 19,063 18,685 19,090 18,216 18,559 18,619 18,182 18,194 18,734 18,838 18,539 18,568 18,491 18,735 
        non-controlling interest
      		 496 483    192 177 225                
        treasury shares
      		                      -346  
        reverse acquisition reserves
      		                      -11,142 -11,142 
        amounts receivable from tccc
      		                       87 
        amounts payable to tccc
      		                       236 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2018-12-31 2018-09-28 2018-06-29 2018-03-30 2017-12-31 2017-09-29 2017-06-30 2017-03-31 2016-12-31 
                 
          note
        		         
          cash flows from operating activities:
        		         
          profit before taxes
        		167 478       95 
          adjustments to reconcile profit before tax to net cash flows from operating activities:
        		         
          depreciation
        		118 114       98 
          amortisation of intangible assets
        		15 12       10 
          impairment
        		         
          share-based payment expense
        		6 4       10 
          gain on sale of property
        		         
          finance costs
        		25 23       33 
          income taxes paid
        		 -58       -77 
          changes in assets and liabilities:
        		         
          increase in trade and other receivables
        		         
          increase in inventories
        		         
          increase in trade and other payables
        		-139 121        
          increase in net payable receivable from related parties
        		         
          increase in provisions
        		75 -30        
          change in other operating assets and liabilities
        		 -48       -115 
          net cash flows from operating activities
        		386 799 -21,999,379 22,000,000 -1,132,998,377 1,132,999,530 -184,999,530 185,000,000 259 
          cash flows from investing activities:
        		         
          acquisition of bottling operations, net of cash acquired
        		         
          purchases of property, plant and equipment
        		 -96       -150 
          purchases of capitalised software
        		 -19        
          proceeds from sales of property, plant and equipment
        		0 1       0 
          investments in equity instruments
        		         
          net proceeds of short term investments
        		         
          interest received
        		         
          other investing activity
        		         
          net cash flows from investing activities
        		 -114        
          cash flows from financing activities:
        		         
          proceeds from borrowings
        		         
          proceeds received from a non-controlling shareholder relating to the acquisition of bottling operations
        		         
          changes in short-term borrowings
        		 -102       0 
          settlement of debt-related cross currency swaps
        		         
          repayments on third party borrowings
        		 -255       -9 
          payments of principal on lease obligations
        		         
          interest paid
        		 -7       -31 
          dividends paid
        		 -127       -1 
          purchase of own shares under share buyback programme
        		         
          treasury shares acquired
        		         
          exercise of employee share options
        		12 5       1 
          other financing activities
        		 0       -5 
          net cash flows from financing activities
        		 -567        
          net change in net cash and cash equivalents
        		         
          net effect of currency exchange rate changes on cash and cash equivalents
        		 0       2 
          net cash and cash equivalents at beginning of period
        		         
          net cash and cash equivalents at end of period
        		         
          net cash and cash equivalents consist of:
        		         
          cash and cash equivalents
        		         
          bank overdrafts
        		         
          less: purchases of property, plant and equipment
        		   -102,000,000    -99,000,000  
          less: purchases of capitalised software
        		   -5,000,000    -3,000,000  
          add: proceeds from sales of property, plant and equipment
        		         
          less: payments of principal on lease obligations
        		         
          less: net interest payments
        		         
          adjust: items impacting comparability[1]
        		         
          comparable free cash flow
        		         
          supplemental financial information - borrowings
        		         
          gain on sale of sub-strata and associated mineral rights
        		         
          increase/(decrease) in provisions
        		         
          proceeds from sales of intangible assets
        		         
          proceeds from the sale of sub-strata and associated mineral rights
        		         
          net proceeds/(payments) of short term investments
        		         
          net cash flows used in investing activities
        		         
          acquisition of non-controlling interest
        		         
          net cash flows used in financing activities
        		         
          net change in net cash
        		         
          net cash at beginning of period
        		         
          net cash at end of period
        		         
          net cash consist of:
        		         
          assets
        		         
          non-current:
        		         
          intangible assets
        		         
          goodwill
        		         
          property, plant and equipment
        		         
          non-current derivative assets
        		         
          deferred tax assets
        		         
          other non-current assets
        		         
          total non-current assets
        		         
          current:
        		         
          current derivative assets
        		         
          current tax assets
        		         
          inventories
        		         
          amounts receivable from related parties
        		         
          trade accounts receivable
        		         
          other current assets
        		         
          assets held for sale
        		         
          short term investments
        		         
          total current assets
        		         
          total assets
        		         
          liabilities
        		         
          borrowings, less current portion
        		         
          employee benefit liabilities
        		         
          non-current provisions
        		         
          non-current derivative liabilities
        		         
          deferred tax liabilities
        		         
          non-current tax liabilities
        		         
          other non-current liabilities
        		         
          total non-current liabilities
        		         
          current portion of borrowings
        		         
          current portion of employee benefit liabilities
        		         
          current provisions
        		         
          current derivative liabilities
        		         
          current tax liabilities
        		         
          amounts payable to related parties
        		         
          trade and other payables
        		         
          total current liabilities
        		         
          total liabilities
        		         
          equity
        		         
          share capital
        		         
          share premium
        		         
          merger reserves
        		         
          other reserves
        		         
          retained earnings
        		         
          equity attributable to shareholders
        		         
          non-controlling interest
        		         
          total equity
        		         
          total equity and liabilities
        		         
          gain on the sale of property
        		         
          (increase) in trade and other receivables
        		         
          decrease/(increase) in inventories
        		         
          increase/(decrease) in net payable receivable from related parties
        		         
          (decrease)/increase in provisions
        		         
          net (payments)/proceeds of short term investments
        		         
          proceeds from sale of equity instruments
        		         
          settlement of debt-related cross-currency swaps
        		         
          transactions with non-controlling interests
        		         
          net cash flows (used in)/from financing activities
        		         
          net change in cash and cash equivalents
        		 118       37 
          cash and cash equivalents at beginning of period
        		0 0       0 
          cash and cash equivalents at end of period
        		-177 118       39 
          proceeds from the sale of equity instruments
        		         
          (increase)/decrease in trade and other receivables
        		         
          (increase)/decrease in inventories
        		         
          change in other operating assets and liabilities*
        		         
          changes in assets and liabilities, net of acquisition amounts:
        		         
          (increase) in inventories
        		         
          acquisition of bottling operations, net of cash acquired*
        		         
          net proceeds of short term investments*
        		         
          net cash flows from investing activities*
        		         
          net change in cash and cash equivalents*
        		         
          cash and cash equivalents at end of period*
        		         
          decrease in trade and other receivables
        		         
          decrease in inventories
        		 68        
          proceeds from short-term borrowings
        		         
          increase/(decrease) in trade and other payables
        		         
          (decrease)/increase in net payable receivable from related parties
        		         
          proceeds from borrowings, net of issuance costs
        		        0 
          (decrease)/increase in trade and other payables
        		         
          settlement of net investment hedges
        		        0 
          cash from acquisition of bottling operations
        		        0 
          repayments on third-party borrowings
        		         
          repurchases of share-based payments
        		        0 
          repayment of loan with tccc assumed in acquisition
        		        0 
          return of capital to cce shareholders
        		        0 
          decrease in trade accounts receivable
        		 115        
          less: interest paid
        		   -24,000,000    -22,000,000  
          add: disposals of property, plant and equipment
        		   2,000,000      
          free cash flow
        		   -107,000,000    61,000,000  
          free cash flow[1]in millions of €
        		         
          decrease/(increase) in trade and other receivables
        		         
          share repurchases under share repurchase programmes
        		         
          free cash flow(a)in millions of €
        		         
          non-cash investing and financing activities:
        		         
          finance lease additions
        		         
          free cash flow is defined as net cash flows from operating activities less capital expenditure and interest paid, plus asset disposals (if applicable).
        		         
          purchases of intangible assets
        		        -12 
          reverse acquisition reserves
        		         
          treasury shares
        		         
          changes in revolving credit facility, net of issuance costs