CLX Q2 2018 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

Q2 2018 Earnings

Reported February 2, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$1.4B	$1.5B	—	-5.6%	—
Op. Income	$241M	$304M	—	-20.7%	—
Gross Margin	43.0%	44.9%	—	-1.9pp	—
Net Margin	16.5%	12.8%	—	3.7pp	—
EPS (Diluted)	$1.77	$1.46	—	21.2%	—
Free Cash Flow	$24M	$209M	—	-88.5%	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$807M
GROSS PROFIT	$609M
R&D Expenses	$31M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$337M
Other Expenses	$0
Operating Expenses	$368M
Cost & Expenses	$1.2B
OPERATING INCOME	$241M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$227M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$41M
EBIT	$245M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$807M
GROSS PROFIT	$609M
R&D Expenses	$31M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$337M
Other Expenses	$0
Operating Expenses	$368M
Cost & Expenses	$1.2B
OPERATING INCOME	$241M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$227M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$41M
EBIT	$245M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$233M
Depreciation & Amortization	$41M
Stock-Based Compensation	$11M
Deferred Income Tax	-$33M
Other Non-Cash Items	$11M
Change in Working Capital	-$199M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$40M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	$79M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$109M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1M
FREE CASH FLOW	$24M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$489M
Short-Term Investments	$0
Net Receivables	$536M
Inventory	$494M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$935M
Goodwill	$1.2B
Intangible Assets	$720M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$221M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$4.8B
Account Payables	$885M
Short-Term Debt	$495M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.8B
Deferred Revenue NC	$354M
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$791M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$4.0B
Common Stock	$159M
Additional Paid-In Capital	$941M
Retained Earnings	$2.6B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$524M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$760M
Minority Interest	$0
TOTAL EQUITY	$760M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$2.3B
Net Debt	$1.8B