CLX Q1 2019 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

Q1 2019 Earnings

Reported October 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$1.6B	$1.7B	$1.5B	-7.6%	4.2%
Op. Income	$290M	$332M	$304M	-12.7%	-4.6%
Gross Margin	43.1%	43.9%	44.9%	-0.9pp	-1.9pp
Net Margin	13.4%	12.8%	12.8%	0.6pp	0.6pp
EPS (Diluted)	$1.62	$1.66	$1.46	-2.4%	11.0%
Free Cash Flow	$223M	$332M	$209M	-32.8%	6.7%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$890M
GROSS PROFIT	$673M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$351M
Other Expenses	$0
Operating Expenses	$383M
Cost & Expenses	$1.3B
OPERATING INCOME	$290M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$268M
Income Tax Expense	$58M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$44M
EBIT	$290M
EBITDA	$334M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$890M
GROSS PROFIT	$673M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$351M
Other Expenses	$0
Operating Expenses	$383M
Cost & Expenses	$1.3B
OPERATING INCOME	$290M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$268M
Income Tax Expense	$58M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$210M
D&A	$44M
EBIT	$290M
EBITDA	$334M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$44M
Stock-Based Compensation	$8M
Deferred Income Tax	-$3M
Other Non-Cash Items	$16M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$259M
Capital Expenditure	-$36M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	$80M
Common Stock Repurchased	-$203M
Common Dividends Paid	-$122M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$192M
FREE CASH FLOW	$223M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$0
Net Receivables	$568M
Inventory	$519M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$988M
Goodwill	$1.6B
Intangible Assets	$925M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$226M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$5.1B
Account Payables	$947M
Short-Term Debt	$280M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$68M
Other Non-Current Liabilities	$793M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.4B
Common Stock	$159M
Additional Paid-In Capital	$984M
Retained Earnings	$2.9B
Treasury Stock	-$2.8B
Accum. Other Comp. Income	-$547M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$677M
Minority Interest	$0
TOTAL EQUITY	$677M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$2.6B
Net Debt	$2.4B