CHD FY 2019 Earnings Report — Church & Dwight Co., Inc. Revenue & Financial Results | Market Cap Arena

Church & Dwight Co., Inc.CHD

FY 2019 Earnings

Reported February 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.4B	—	$4.1B	—	5.1%
Op. Income	$840M	—	$792M	—	6.1%
Gross Margin	45.5%	—	44.4%	—	1.1pp
Net Margin	14.1%	—	13.7%	—	0.4pp
EPS (Diluted)	$2.44	—	$2.27	—	7.5%
Free Cash Flow	$791M	—	$703M	—	12.5%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$515M
General & Administrative	$629M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.5B
OPERATING INCOME	$840M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$774M
Income Tax Expense	$158M
Net Income from Continuing Ops	$616M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$616M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$616M
D&A	$176M
EBIT	$847M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$515M
General & Administrative	$629M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.5B
OPERATING INCOME	$840M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$774M
Income Tax Expense	$158M
Net Income from Continuing Ops	$616M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$616M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$616M
D&A	$176M
EBIT	$847M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$616M
Depreciation & Amortization	$176M
Stock-Based Compensation	$21M
Deferred Income Tax	$6M
Other Non-Cash Items	$13M
Change in Working Capital	$33M
OPERATING CASH FLOW	$865M
Capital Expenditure	-$74M
Acquisitions (Net)	-$475M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$554M
Net Debt Issuance	-$49M
Common Stock Repurchased	-$250M
Common Dividends Paid	-$224M
Other Financing Activities	$50M
NET CASH FROM FINANCING	-$473M
FREE CASH FLOW	$791M
Net Change in Cash	-$161M

Balance Sheet

Item	Amount
Cash & Equivalents	$156M
Short-Term Investments	$0
Net Receivables	$356M
Inventory	$417M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$956M
PP&E (Net)	$573M
Goodwill	$2.1B
Intangible Assets	$2.8B
Long-Term Investments	$10M
Tax Assets	$0
Other Non-Current Assets	$289M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$6.7B
Account Payables	$473M
Short-Term Debt	$269M
Deferred Revenue	$0
Other Current Liabilities	$246M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$580M
Other Non-Current Liabilities	$364M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$4.0B
Common Stock	$293M
Additional Paid-In Capital	$296M
Retained Earnings	$4.2B
Treasury Stock	-$2.1B
Accum. Other Comp. Income	-$67M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$2.2B
Net Debt	$2.1B