CLX Q4 2018 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

Q4 2018 Earnings

Reported August 14, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$1.7B	$1.5B	$1.6B	11.5%	2.7%
Op. Income	$332M	$259M	$322M	28.2%	3.1%
Gross Margin	43.9%	42.8%	45.7%	1.2pp	-1.8pp
Net Margin	12.8%	11.9%	12.2%	0.9pp	0.6pp
EPS (Diluted)	$1.66	$1.37	$1.52	21.2%	9.2%
Free Cash Flow	$332M	$215M	$316M	54.4%	5.1%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$948M
GROSS PROFIT	$743M
R&D Expenses	$37M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$374M
Other Expenses	$0
Operating Expenses	$411M
Cost & Expenses	$1.4B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$306M
Income Tax Expense	$89M
Net Income from Continuing Ops	$217M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$217M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$217M
D&A	$46M
EBIT	$329M
EBITDA	$375M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$948M
GROSS PROFIT	$743M
R&D Expenses	$37M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$374M
Other Expenses	$0
Operating Expenses	$411M
Cost & Expenses	$1.4B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$306M
Income Tax Expense	$89M
Net Income from Continuing Ops	$217M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$217M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$217M
D&A	$46M
EBIT	$329M
EBITDA	$375M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$217M
Depreciation & Amortization	$45M
Stock-Based Compensation	$16M
Deferred Income Tax	$20M
Other Non-Cash Items	$20M
Change in Working Capital	$82M
OPERATING CASH FLOW	$400M
Capital Expenditure	-$68M
Acquisitions (Net)	-$681M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$679M
NET CASH FROM INVESTING	-$747M
Net Debt Issuance	-$376M
Common Stock Repurchased	-$201M
Common Dividends Paid	-$124M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$691M
FREE CASH FLOW	$332M
Net Change in Cash	-$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$131M
Short-Term Investments	$0
Net Receivables	$600M
Inventory	$506M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$996M
Goodwill	$1.6B
Intangible Assets	$929M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$222M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$5.1B
Account Payables	$507M
Short-Term Debt	$199M
Deferred Revenue	$0
Other Current Liabilities	$154M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$778M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.3B
Common Stock	$159M
Additional Paid-In Capital	$975M
Retained Earnings	$2.8B
Treasury Stock	-$2.7B
Accum. Other Comp. Income	-$547M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$726M
Minority Interest	$0
TOTAL EQUITY	$726M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$2.5B
Net Debt	$2.4B