CLX FY 2006 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

FY 2006 Earnings

Reported August 25, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$4.6B	—	—	—	—
Op. Income	$810M	—	—	—	—
Gross Margin	42.1%	—	—	—	—
Net Margin	9.6%	—	—	—	—
EPS (Diluted)	$2.90	—	—	—	—
Free Cash Flow	$342M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.0B
R&D Expenses	$99M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.8B
OPERATING INCOME	$810M
Interest Income	$10M
Interest Expense	$127M
Other Income/Expenses	-$157M
INCOME BEFORE TAX	$653M
Income Tax Expense	$210M
Net Income from Continuing Ops	$443M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$188M
EBIT	$780M
EBITDA	$968M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.0B
R&D Expenses	$99M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.8B
OPERATING INCOME	$810M
Interest Income	$10M
Interest Expense	$127M
Other Income/Expenses	-$157M
INCOME BEFORE TAX	$653M
Income Tax Expense	$210M
Net Income from Continuing Ops	$443M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$188M
EBIT	$780M
EBITDA	$968M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$443M
Depreciation & Amortization	$188M
Stock-Based Compensation	$0
Deferred Income Tax	-$28M
Other Non-Cash Items	$129M
Change in Working Capital	-$210M
OPERATING CASH FLOW	$522M
Capital Expenditure	-$180M
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$35M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	-$233M
Common Stock Repurchased	-$135M
Common Dividends Paid	-$173M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$462M
FREE CASH FLOW	$342M
Net Change in Cash	-$101M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$0
Net Receivables	$435M
Inventory	$292M
Other Current Assets	$88M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$1.0B
Goodwill	$744M
Intangible Assets	$604M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$257M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.6B
Account Payables	$329M
Short-Term Debt	$308M
Deferred Revenue	$0
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$129M
Other Non-Current Liabilities	$547M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.8B
Common Stock	$250M
Additional Paid-In Capital	$397M
Retained Earnings	$3.9B
Treasury Stock	-$4.5B
Accum. Other Comp. Income	-$215M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$156M
Minority Interest	$0
TOTAL EQUITY	-$156M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$2.3B
Net Debt	$2.1B