HLF FY 2008 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2008 Earnings

Reported February 24, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.1B	—	9.9%
Op. Income	$332M	—	$313M	—	6.1%
Gross Margin	80.6%	—	79.6%	—	1.0pp
Net Margin	9.4%	—	8.9%	—	0.5pp
EPS (Diluted)	$0.84	—	$0.66	—	27.3%
Free Cash Flow	$184M	—	$229M	—	-19.4%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$458M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$772M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$2.0B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$319M
Income Tax Expense	$98M
Net Income from Continuing Ops	$221M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$49M
EBIT	$332M
EBITDA	$381M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$458M
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$772M
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$2.0B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$319M
Income Tax Expense	$98M
Net Income from Continuing Ops	$221M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$221M
D&A	$49M
EBIT	$332M
EBITDA	$381M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$221M
Depreciation & Amortization	$49M
Stock-Based Compensation	$18M
Deferred Income Tax	-$4M
Other Non-Cash Items	$3M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$273M
Capital Expenditure	-$89M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$139M
Common Dividends Paid	-$51M
Other Financing Activities	$34M
NET CASH FROM FINANCING	-$205M
FREE CASH FLOW	$184M
Net Change in Cash	-$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$151M
Short-Term Investments	$0
Net Receivables	$70M
Inventory	$134M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$485M
PP&E (Net)	$175M
Goodwill	$111M
Intangible Assets	$310M
Long-Term Investments	-$40.3B
Tax Assets	$40.3B
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$637M
TOTAL ASSETS	$1.1B
Account Payables	$41M
Short-Term Debt	$15M
Deferred Revenue	$203M
Other Current Liabilities	$248M
TOTAL CURRENT LIABILITIES	$402M
Long-Term Debt	$337M
Deferred Revenue NC	$14M
Deferred Tax Liabilities	$104M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$478M
TOTAL LIABILITIES	$880M
Common Stock	$123.0K
Additional Paid-In Capital	$198M
Retained Earnings	$73M
Treasury Stock	$0
Accum. Other Comp. Income	-$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$242M
Minority Interest	$0
TOTAL EQUITY	$242M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$352M
Net Debt	$201M