CHD FY 2018 Earnings Report — Church & Dwight Co., Inc. Revenue & Financial Results | Market Cap Arena

Church & Dwight Co., Inc.CHD

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.8B	—	9.8%
Op. Income	$792M	—	$733M	—	8.1%
Gross Margin	44.4%	—	45.8%	—	-1.4pp
Net Margin	13.7%	—	19.7%	—	-6.0pp
EPS (Diluted)	$2.27	—	$2.90	—	-21.7%
Free Cash Flow	$703M	—	$637M	—	10.5%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$483M
General & Administrative	$566M
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$3.4B
OPERATING INCOME	$792M
Interest Income	$0
Interest Expense	$79M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$720M
Income Tax Expense	$151M
Net Income from Continuing Ops	$569M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$569M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$569M
D&A	$141M
EBIT	$799M
EBITDA	$940M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$483M
General & Administrative	$566M
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$3.4B
OPERATING INCOME	$792M
Interest Income	$0
Interest Expense	$79M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$720M
Income Tax Expense	$151M
Net Income from Continuing Ops	$569M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$569M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$569M
D&A	$141M
EBIT	$799M
EBITDA	$940M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$569M
Depreciation & Amortization	$141M
Stock-Based Compensation	$23M
Deferred Income Tax	$11M
Other Non-Cash Items	$6M
Change in Working Capital	$14M
OPERATING CASH FLOW	$764M
Capital Expenditure	-$60M
Acquisitions (Net)	-$50M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$112M
Net Debt Issuance	$0
Common Stock Repurchased	-$200M
Common Dividends Paid	-$213M
Other Financing Activities	-$196M
NET CASH FROM FINANCING	-$609M
FREE CASH FLOW	$703M
Net Change in Cash	$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$317M
Short-Term Investments	$0
Net Receivables	$345M
Inventory	$383M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$598M
Goodwill	$2.0B
Intangible Assets	$2.3B
Long-Term Investments	$9M
Tax Assets	$0
Other Non-Current Assets	$117M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$6.1B
Account Payables	$430M
Short-Term Debt	$598M
Deferred Revenue	$0
Other Current Liabilities	$211M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$576M
Other Non-Current Liabilities	$204M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.6B
Common Stock	$293M
Additional Paid-In Capital	$281M
Retained Earnings	$3.8B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$2.1B
Net Debt	$1.8B