CLX FY 2013 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

FY 2013 Earnings

Reported August 23, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$5.6B	—	$5.5B	—	2.8%
Op. Income	$966M	—	$888M	—	8.8%
Gross Margin	42.7%	—	41.9%	—	0.9pp
Net Margin	10.2%	—	9.9%	—	0.3pp
EPS (Diluted)	$4.30	—	$4.09	—	5.1%
Free Cash Flow	$581M	—	$420M	—	38.3%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.4B
R&D Expenses	$130M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.7B
OPERATING INCOME	$966M
Interest Income	$3M
Interest Expense	$119M
Other Income/Expenses	-$113M
INCOME BEFORE TAX	$853M
Income Tax Expense	$279M
Net Income from Continuing Ops	$574M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$572M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$572M
D&A	$171M
EBIT	$972M
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.4B
R&D Expenses	$130M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.7B
OPERATING INCOME	$966M
Interest Income	$3M
Interest Expense	$119M
Other Income/Expenses	-$113M
INCOME BEFORE TAX	$853M
Income Tax Expense	$279M
Net Income from Continuing Ops	$574M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$572M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$572M
D&A	$171M
EBIT	$972M
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$573M
Depreciation & Amortization	$182M
Stock-Based Compensation	$35M
Deferred Income Tax	-$11M
Other Non-Cash Items	$15M
Change in Working Capital	-$23M
OPERATING CASH FLOW	$775M
Capital Expenditure	-$194M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$135M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	-$355M
Common Stock Repurchased	-$128M
Common Dividends Paid	-$335M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$685M
FREE CASH FLOW	$581M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$299M
Short-Term Investments	$0
Net Receivables	$580M
Inventory	$394M
Other Current Assets	$106M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$1.0B
Goodwill	$1.1B
Intangible Assets	$627M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$138M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$4.3B
Account Payables	$413M
Short-Term Debt	$202M
Deferred Revenue	$0
Other Current Liabilities	$155M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$119M
Other Non-Current Liabilities	$742M
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$4.2B
Common Stock	$159M
Additional Paid-In Capital	$661M
Retained Earnings	$1.6B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$367M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$146M
Minority Interest	$0
TOTAL EQUITY	$146M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$2.4B
Net Debt	$2.1B