CLX Q2 2019 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

Q2 2019 Earnings

Reported February 4, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$1.5B	$1.6B	$1.4B	-5.8%	4.0%
Op. Income	$259M	$290M	$241M	-10.7%	7.5%
Gross Margin	43.9%	43.1%	43.0%	0.9pp	0.9pp
Net Margin	12.4%	13.4%	16.5%	-1.1pp	-4.1pp
EPS (Diluted)	$1.40	$1.62	$1.77	-13.6%	-20.9%
Free Cash Flow	$140M	$223M	$24M	-37.2%	483.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$826M
GROSS PROFIT	$647M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$356M
Other Expenses	$0
Operating Expenses	$388M
Cost & Expenses	$1.2B
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$224M
Income Tax Expense	$42M
Net Income from Continuing Ops	$182M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$182M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$44M
EBIT	$247M
EBITDA	$291M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$826M
GROSS PROFIT	$647M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$356M
Other Expenses	$0
Operating Expenses	$388M
Cost & Expenses	$1.2B
OPERATING INCOME	$259M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$224M
Income Tax Expense	$42M
Net Income from Continuing Ops	$182M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$182M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$44M
EBIT	$247M
EBITDA	$291M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$182M
Depreciation & Amortization	$44M
Stock-Based Compensation	$10M
Deferred Income Tax	$5M
Other Non-Cash Items	$9M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$190M
Capital Expenditure	-$50M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	-$47M
Common Stock Repurchased	-$40M
Common Dividends Paid	-$123M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$146M
FREE CASH FLOW	$140M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$0
Net Receivables	$528M
Inventory	$578M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$992M
Goodwill	$1.6B
Intangible Assets	$919M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$211M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$5.1B
Account Payables	$951M
Short-Term Debt	$235M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$71M
Other Non-Current Liabilities	$789M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.3B
Common Stock	$159M
Additional Paid-In Capital	$1.0B
Retained Earnings	$2.9B
Treasury Stock	-$2.8B
Accum. Other Comp. Income	-$577M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$742M
Minority Interest	$0
TOTAL EQUITY	$742M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$2.5B
Net Debt	$2.4B