CHD FY 2009 Earnings Report — Church & Dwight Co., Inc. Revenue & Financial Results | Market Cap Arena

Church & Dwight Co., Inc.CHD

FY 2009 Earnings

Reported February 24, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.4B	—	4.1%
Op. Income	$413M	—	$340M	—	21.3%
Gross Margin	43.7%	—	40.1%	—	3.6pp
Net Margin	9.7%	—	8.1%	—	1.6pp
EPS (Diluted)	$0.85	—	$0.70	—	21.4%
Free Cash Flow	$266M	—	$238M	—	11.7%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$354M
General & Administrative	$355M
SG&A Expenses	$708M
Other Expenses	-$20M
Operating Expenses	$688M
Cost & Expenses	$2.1B
OPERATING INCOME	$413M
Interest Income	$1M
Interest Expense	$36M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$392M
Income Tax Expense	$149M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$85M
EBIT	$428M
EBITDA	$513M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$354M
General & Administrative	$355M
SG&A Expenses	$708M
Other Expenses	-$20M
Operating Expenses	$688M
Cost & Expenses	$2.1B
OPERATING INCOME	$413M
Interest Income	$1M
Interest Expense	$36M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$392M
Income Tax Expense	$149M
Net Income from Continuing Ops	$244M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$244M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$244M
D&A	$85M
EBIT	$428M
EBITDA	$513M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$244M
Depreciation & Amortization	$85M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$6M
Change in Working Capital	$30M
OPERATING CASH FLOW	$401M
Capital Expenditure	-$135M
Acquisitions (Net)	$543.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	-$41M
Common Stock Repurchased	-$389.0K
Common Dividends Paid	-$32M
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$266M
Net Change in Cash	$249M

Balance Sheet

Item	Amount
Cash & Equivalents	$447M
Short-Term Investments	$0
Net Receivables	$222M
Inventory	$217M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$928M
PP&E (Net)	$456M
Goodwill	$838M
Intangible Assets	$795M
Long-Term Investments	$13M
Tax Assets	$0
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$3.1B
Account Payables	$178M
Short-Term Debt	$219M
Deferred Revenue	$0
Other Current Liabilities	$107M
TOTAL CURRENT LIABILITIES	$567M
Long-Term Debt	$597M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$201M
Other Non-Current Liabilities	$151M
TOTAL NON-CURRENT LIABILITIES	$950M
TOTAL LIABILITIES	$1.5B
Common Stock	$73M
Additional Paid-In Capital	$276M
Retained Earnings	$1.3B
Treasury Stock	-$33M
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$189.0K
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$816M
Net Debt	$369M