CLX FY 2008 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

FY 2008 Earnings

Reported August 18, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$5.3B	—	$4.8B	—	8.8%
Op. Income	$904M	—	$876M	—	3.2%
Gross Margin	41.6%	—	43.0%	—	-1.5pp
Net Margin	8.7%	—	10.3%	—	-1.6pp
EPS (Diluted)	$3.24	—	$3.26	—	-0.6%
Free Cash Flow	$560M	—	$562M	—	-0.4%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.2B
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$4.4B
OPERATING INCOME	$904M
Interest Income	$12M
Interest Expense	$168M
Other Income/Expenses	-$211M
INCOME BEFORE TAX	$693M
Income Tax Expense	$232M
Net Income from Continuing Ops	$461M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$461M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$461M
D&A	$193M
EBIT	$861M
EBITDA	$1.1B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.2B
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$4.4B
OPERATING INCOME	$904M
Interest Income	$12M
Interest Expense	$168M
Other Income/Expenses	-$211M
INCOME BEFORE TAX	$693M
Income Tax Expense	$232M
Net Income from Continuing Ops	$461M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$461M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$461M
D&A	$193M
EBIT	$861M
EBITDA	$1.1B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$461M
Depreciation & Amortization	$205M
Stock-Based Compensation	$0
Deferred Income Tax	-$42M
Other Non-Cash Items	$52M
Change in Working Capital	$7M
OPERATING CASH FLOW	$730M
Capital Expenditure	-$170M
Acquisitions (Net)	-$913M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$868M
Common Dividends Paid	-$228M
Other Financing Activities	$0
NET CASH FROM FINANCING	$380M
FREE CASH FLOW	$560M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$214M
Short-Term Investments	$0
Net Receivables	$505M
Inventory	$384M
Other Current Assets	$150M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$960M
Goodwill	$1.7B
Intangible Assets	$683M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$158M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.7B
Account Payables	$418M
Short-Term Debt	$755M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$97M
Other Non-Current Liabilities	$632M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$5.1B
Common Stock	$159M
Additional Paid-In Capital	$534M
Retained Earnings	$386M
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$179M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$370M
Minority Interest	$0
TOTAL EQUITY	-$370M
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$3.5B
Net Debt	$3.3B