CLX Q4 2019 Earnings Report — The Clorox Company Revenue & Financial Results | Market Cap Arena

The Clorox CompanyCLX

Q4 2019 Earnings

Reported August 13, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$1.6B	$1.6B	$1.7B	4.9%	-3.8%
Op. Income	$313M	$262M	$332M	19.5%	-5.7%
Gross Margin	45.2%	43.4%	43.9%	1.8pp	1.2pp
Net Margin	14.8%	12.1%	12.8%	2.8pp	2.0pp
EPS (Diluted)	$1.88	$1.44	$1.66	30.6%	13.3%
Free Cash Flow	$318M	$105M	$332M	202.9%	-4.2%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$892M
GROSS PROFIT	$735M
R&D Expenses	$38M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$384M
Other Expenses	$0
Operating Expenses	$422M
Cost & Expenses	$1.3B
OPERATING INCOME	$313M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$292M
Income Tax Expense	$51M
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	$49M
EBIT	$316M
EBITDA	$365M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$892M
GROSS PROFIT	$735M
R&D Expenses	$38M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$384M
Other Expenses	$0
Operating Expenses	$422M
Cost & Expenses	$1.3B
OPERATING INCOME	$313M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$292M
Income Tax Expense	$51M
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	$49M
EBIT	$316M
EBITDA	$365M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$241M
Depreciation & Amortization	$47M
Stock-Based Compensation	$9M
Deferred Income Tax	-$13M
Other Non-Cash Items	$0
Change in Working Capital	$105M
OPERATING CASH FLOW	$389M
Capital Expenditure	-$71M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$70M
Net Debt Issuance	$72M
Common Stock Repurchased	-$346M
Common Dividends Paid	-$122M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$386M
FREE CASH FLOW	$318M
Net Change in Cash	-$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$111M
Short-Term Investments	$0
Net Receivables	$631M
Inventory	$512M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.0B
Goodwill	$1.6B
Intangible Assets	$912M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$274M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.1B
Account Payables	$507M
Short-Term Debt	$396M
Deferred Revenue	$0
Other Current Liabilities	$158M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$50M
Other Non-Current Liabilities	$780M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.6B
Common Stock	$159M
Additional Paid-In Capital	$1.0B
Retained Earnings	$3.1B
Treasury Stock	-$3.2B
Accum. Other Comp. Income	-$602M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$559M
Minority Interest	$0
TOTAL EQUITY	$559M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$2.7B
Net Debt	$2.6B