CLX FY 2019 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

FY 2019 Earnings

Reported August 13, 2019

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	$6.2B	—	$6.1B	—	1.5%
Op. Income	$1.1B	—	$1.1B	—	-1.6%
Gross Margin	43.6%	—	43.5%	—	0.1pp
Net Margin	13.2%	—	13.4%	—	-0.2pp
EPS (Diluted)	$6.32	—	$6.25	—	1.1%
Free Cash Flow	$786M	—	$780M	—	0.8%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.5B
GROSS PROFIT	$2.7B
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.1B
Interest Income	$3M
Interest Expense	$91M
Other Income/Expenses	-$83M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$204M
Net Income from Continuing Ops	$820M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$820M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$820M
D&A	$182M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.5B
GROSS PROFIT	$2.7B
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$5.1B
OPERATING INCOME	$1.1B
Interest Income	$3M
Interest Expense	$91M
Other Income/Expenses	-$83M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$204M
Net Income from Continuing Ops	$820M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$820M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$820M
D&A	$182M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$820M
Depreciation & Amortization	$180M
Stock-Based Compensation	$43M
Deferred Income Tax	-$20M
Other Non-Cash Items	-$29M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$992M
Capital Expenditure	-$206M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$196M
Net Debt Issuance	$189M
Common Stock Repurchased	-$661M
Common Dividends Paid	-$490M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$815M
FREE CASH FLOW	$786M
Net Change in Cash	-$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$111M
Short-Term Investments	$0
Net Receivables	$631M
Inventory	$512M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.0B
Goodwill	$1.6B
Intangible Assets	$912M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$274M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.1B
Account Payables	$507M
Short-Term Debt	$396M
Deferred Revenue	$0
Other Current Liabilities	$158M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$50M
Other Non-Current Liabilities	$780M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.6B
Common Stock	$159M
Additional Paid-In Capital	$1.0B
Retained Earnings	$3.1B
Treasury Stock	-$3.2B
Accum. Other Comp. Income	-$602M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$559M
Minority Interest	$0
TOTAL EQUITY	$559M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$2.7B
Net Debt	$2.6B