CHD FY 2014 Earnings Report — Church & Dwight Co., Inc. Revenue & Financial Results | Market Cap Arena

Church & Dwight Co., Inc.CHD

FY 2014 Earnings

Reported February 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.2B	—	3.2%
Op. Income	$641M	—	$622M	—	3.1%
Gross Margin	44.1%	—	45.0%	—	-1.0pp
Net Margin	12.6%	—	12.3%	—	0.2pp
EPS (Diluted)	$1.51	—	$1.40	—	7.9%
Free Cash Flow	$470M	—	$433M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$417M
General & Administrative	$395M
SG&A Expenses	$812M
Other Expenses	$0
Operating Expenses	$812M
Cost & Expenses	$2.7B
OPERATING INCOME	$641M
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$625M
Income Tax Expense	$211M
Net Income from Continuing Ops	$414M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$414M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$414M
D&A	$91M
EBIT	$652M
EBITDA	$744M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$417M
General & Administrative	$395M
SG&A Expenses	$812M
Other Expenses	$0
Operating Expenses	$812M
Cost & Expenses	$2.7B
OPERATING INCOME	$641M
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$625M
Income Tax Expense	$211M
Net Income from Continuing Ops	$414M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$414M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$414M
D&A	$91M
EBIT	$652M
EBITDA	$744M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$414M
Depreciation & Amortization	$91M
Stock-Based Compensation	$17M
Deferred Income Tax	$13M
Other Non-Cash Items	-$8M
Change in Working Capital	$14M
OPERATING CASH FLOW	$540M
Capital Expenditure	-$71M
Acquisitions (Net)	-$217M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$288M
Net Debt Issuance	$293M
Common Stock Repurchased	-$479M
Common Dividends Paid	-$168M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$307M
FREE CASH FLOW	$470M
Net Change in Cash	-$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$423M
Short-Term Investments	$0
Net Receivables	$323M
Inventory	$246M
Other Current Assets	$41M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$616M
Goodwill	$1.3B
Intangible Assets	$1.3B
Long-Term Investments	$25M
Tax Assets	$0
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$4.4B
Account Payables	$284M
Short-Term Debt	$397M
Deferred Revenue	$0
Other Current Liabilities	$170M
TOTAL CURRENT LIABILITIES	$905M
Long-Term Debt	$699M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$471M
Other Non-Current Liabilities	$191M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.3B
Common Stock	$146M
Additional Paid-In Capital	$365M
Retained Earnings	$2.4B
Treasury Stock	-$790M
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$1.1B
Net Debt	$672M