CLX FY 2007 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

FY 2007 Earnings

Reported August 24, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.6B	—	4.4%
Op. Income	$876M	—	$810M	—	8.1%
Gross Margin	43.0%	—	42.1%	—	1.0pp
Net Margin	10.3%	—	9.6%	—	0.8pp
EPS (Diluted)	$3.26	—	$2.90	—	12.4%
Free Cash Flow	$562M	—	$342M	—	64.3%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.1B
R&D Expenses	$108M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$4.0B
OPERATING INCOME	$876M
Interest Income	$8M
Interest Expense	$113M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$743M
Income Tax Expense	$247M
Net Income from Continuing Ops	$496M
Net Income from Discontinued Ops	$5M
Other Adjustments	$0
NET INCOME	$501M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$501M
D&A	$180M
EBIT	$856M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.1B
R&D Expenses	$108M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$4.0B
OPERATING INCOME	$876M
Interest Income	$8M
Interest Expense	$113M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$743M
Income Tax Expense	$247M
Net Income from Continuing Ops	$496M
Net Income from Discontinued Ops	$5M
Other Adjustments	$0
NET INCOME	$501M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$501M
D&A	$180M
EBIT	$856M
EBITDA	$1.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$501M
Depreciation & Amortization	$192M
Stock-Based Compensation	$0
Deferred Income Tax	-$15M
Other Non-Cash Items	$74M
Change in Working Capital	-$43M
OPERATING CASH FLOW	$709M
Capital Expenditure	-$147M
Acquisitions (Net)	-$123M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	-$237M
Common Stock Repurchased	-$155M
Common Dividends Paid	-$183M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$456M
FREE CASH FLOW	$562M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$182M
Short-Term Investments	$0
Net Receivables	$460M
Inventory	$309M
Other Current Assets	$81M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$976M
Goodwill	$855M
Intangible Assets	$348M
Long-Term Investments	$0
Tax Assets	$14M
Other Non-Current Assets	$186M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.7B
Account Payables	$329M
Short-Term Debt	$574M
Deferred Revenue	$0
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$90M
Other Non-Current Liabilities	$516M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.5B
Common Stock	$159M
Additional Paid-In Capital	$481M
Retained Earnings	$185M
Treasury Stock	-$445M
Accum. Other Comp. Income	-$209M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$171M
Minority Interest	$0
TOTAL EQUITY	$171M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$2.0B
Net Debt	$1.9B