The Procter & Gamble (PG) 10-K Summary — Year Ended Jun 30, 2024
The filing includes financial results for the period with revenue growth and positive profitability. Operating cash flow exceeded net income, indicating strong cash generation.
Key takeaway
Year ended Jun 30, 2024 · FY2025 10-K
The filing includes financial results for the period with revenue growth and positive profitability. Operating cash flow exceeded net income, indicating strong cash generation.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$84B
Revenue reported for the fiscal year.
Operating income
$18.5B
Income from operations reported for the year.
Net income
$14.9B
Net income reported for the year.
Operating cash flow
$19.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $76.1B | n/a |
| Jun 30, 2022 | $80.2B | +5.3% |
| Jun 30, 2023 | $82B | +2.3% |
| Jun 30, 2024 | $84B | +2.5% |
Business overview
The provided filing excerpts do not contain a narrative business description. The risk factors and liquidity sections imply that the company manages a global supply chain and manufacturing operations.
Financial performance
Revenue increased compared to the prior year, and operating income along with net income remained positive. Operating cash flow was higher than net income, reflecting strong cash generation from operations.
Material risks
Material risks include disruptions to global supply chain and manufacturing arrangements, reliance on top-tier banking partners for credit and cash flows, and cybersecurity incidents such as ransomware. The company also faces risks from raw material shortages, natural disasters, and changes in trade policy.
Liquidity and capital
The company's liquidity is supported by existing credit facilities and relationships with top-tier banking partners, though disruptions to these partners could affect cash flows and access to credit.
What to watch
Monitor the company's disclosure regarding cybersecurity incidents and their impact on operations in the next filing.