CHD FY 2010 Earnings Report — Church & Dwight Co., Inc. Revenue & Financial Results | Market Cap Arena

Church & Dwight Co., Inc.CHD

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.5B	—	2.7%
Op. Income	$445M	—	$413M	—	7.8%
Gross Margin	44.7%	—	43.7%	—	1.0pp
Net Margin	10.5%	—	9.7%	—	0.8pp
EPS (Diluted)	$0.94	—	$0.85	—	10.6%
Free Cash Flow	$365M	—	$266M	—	37.3%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$338M
General & Administrative	$375M
SG&A Expenses	$713M
Other Expenses	$0
Operating Expenses	$713M
Cost & Expenses	$2.1B
OPERATING INCOME	$445M
Interest Income	$597.0K
Interest Expense	$28M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$418M
Income Tax Expense	$148M
Net Income from Continuing Ops	$271M
Net Income from Discontinued Ops	$0
Other Adjustments	-$6.0K
NET INCOME	$271M
Net Income Deductions	$17.0K
BOTTOM LINE NET INCOME	$271M
D&A	$72M
EBIT	$446M
EBITDA	$518M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$338M
General & Administrative	$375M
SG&A Expenses	$713M
Other Expenses	$0
Operating Expenses	$713M
Cost & Expenses	$2.1B
OPERATING INCOME	$445M
Interest Income	$597.0K
Interest Expense	$28M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$418M
Income Tax Expense	$148M
Net Income from Continuing Ops	$271M
Net Income from Discontinued Ops	$0
Other Adjustments	-$6.0K
NET INCOME	$271M
Net Income Deductions	$17.0K
BOTTOM LINE NET INCOME	$271M
D&A	$72M
EBIT	$446M
EBITDA	$518M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$271M
Depreciation & Amortization	$72M
Stock-Based Compensation	$12M
Deferred Income Tax	$39M
Other Non-Cash Items	$11M
Change in Working Capital	$24M
OPERATING CASH FLOW	$428M
Capital Expenditure	-$64M
Acquisitions (Net)	-$126M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$2M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$180M
Net Debt Issuance	-$477M
Common Stock Repurchased	-$100.0K
Common Dividends Paid	-$44M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$504M
FREE CASH FLOW	$365M
Net Change in Cash	-$258M

Balance Sheet

Item	Amount
Cash & Equivalents	$189M
Short-Term Investments	$0
Net Receivables	$231M
Inventory	$195M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$649M
PP&E (Net)	$468M
Goodwill	$857M
Intangible Assets	$872M
Long-Term Investments	$9M
Tax Assets	$0
Other Non-Current Assets	$88M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.9B
Account Payables	$206M
Short-Term Debt	$90M
Deferred Revenue	$0
Other Current Liabilities	$39M
TOTAL CURRENT LIABILITIES	$447M
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$254M
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$627M
TOTAL LIABILITIES	$1.1B
Common Stock	$73M
Additional Paid-In Capital	$304M
Retained Earnings	$1.5B
Treasury Stock	-$25M
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$170.0K
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$340M
Net Debt	$150M