CLX Q3 2020 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

Q3 2020 Earnings

Reported May 1, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$1.8B	$1.4B	$1.6B	23.1%	15.0%
Op. Income	$340M	$256M	$262M	32.8%	29.8%
Gross Margin	46.7%	44.2%	43.4%	2.5pp	3.3pp
Net Margin	13.5%	12.8%	12.1%	0.7pp	1.5pp
EPS (Diluted)	$1.89	$1.46	$1.44	29.5%	31.3%
Free Cash Flow	$261M	$170M	$105M	53.5%	148.6%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$951M
GROSS PROFIT	$832M
R&D Expenses	$39M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$453M
Other Expenses	$0
Operating Expenses	$492M
Cost & Expenses	$1.4B
OPERATING INCOME	$340M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$297M
Income Tax Expense	$56M
Net Income from Continuing Ops	$241M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$45M
EBIT	$319M
EBITDA	$364M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$951M
GROSS PROFIT	$832M
R&D Expenses	$39M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$453M
Other Expenses	$0
Operating Expenses	$492M
Cost & Expenses	$1.4B
OPERATING INCOME	$340M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$297M
Income Tax Expense	$56M
Net Income from Continuing Ops	$241M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$45M
EBIT	$319M
EBITDA	$364M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$241M
Depreciation & Amortization	$45M
Stock-Based Compensation	$18M
Deferred Income Tax	-$7M
Other Non-Cash Items	$5M
Change in Working Capital	$6M
OPERATING CASH FLOW	$308M
Capital Expenditure	-$47M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	$128M
Common Stock Repurchased	-$30M
Common Dividends Paid	-$133M
Other Financing Activities	$0
NET CASH FROM FINANCING	$77M
FREE CASH FLOW	$261M
Net Change in Cash	$331M

Balance Sheet

Item	Amount
Cash & Equivalents	$496M
Short-Term Investments	$0
Net Receivables	$726M
Inventory	$457M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$1.3B
Goodwill	$1.6B
Intangible Assets	$896M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$292M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$5.8B
Account Payables	$1.1B
Short-Term Debt	$638M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$66M
Other Non-Current Liabilities	$730M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$5.2B
Common Stock	$159M
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.4B
Treasury Stock	-$3.3B
Accum. Other Comp. Income	-$656M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$695M
Minority Interest	$0
TOTAL EQUITY	$695M
TOTAL LIABILITIES & EQUITY	$5.8B
Total Debt	$3.3B
Net Debt	$2.8B