HLF FY 2009 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2009 Earnings

Reported February 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.4B	—	-1.5%
Op. Income	$296M	—	$332M	—	-10.9%
Gross Margin	78.8%	—	80.6%	—	-1.8pp
Net Margin	8.7%	—	9.4%	—	-0.6pp
EPS (Diluted)	$0.81	—	$0.84	—	-3.6%
Free Cash Flow	$225M	—	$184M	—	22.2%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$493M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$2.0B
OPERATING INCOME	$296M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$291M
Income Tax Expense	$88M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$203M
D&A	$62M
EBIT	$301M
EBITDA	$362M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$493M
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$2.0B
OPERATING INCOME	$296M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$291M
Income Tax Expense	$88M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$203M
D&A	$62M
EBIT	$301M
EBITDA	$362M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$203M
Depreciation & Amortization	$62M
Stock-Based Compensation	$21M
Deferred Income Tax	-$11M
Other Non-Cash Items	$2M
Change in Working Capital	$7M
OPERATING CASH FLOW	$285M
Capital Expenditure	-$60M
Acquisitions (Net)	-$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	-$101M
Common Stock Repurchased	-$75M
Common Dividends Paid	-$49M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$213M
FREE CASH FLOW	$225M
Net Change in Cash	-$46.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$151M
Short-Term Investments	$0
Net Receivables	$77M
Inventory	$146M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$514M
PP&E (Net)	$178M
Goodwill	$103M
Intangible Assets	$312M
Long-Term Investments	-$38.6B
Tax Assets	$38.6B
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$633M
TOTAL ASSETS	$1.1B
Account Payables	$37M
Short-Term Debt	$157M
Deferred Revenue	$40M
Other Current Liabilities	$130M
TOTAL CURRENT LIABILITIES	$430M
Long-Term Debt	$238M
Deferred Revenue NC	$17M
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$357M
TOTAL LIABILITIES	$787M
Common Stock	$120.0K
Additional Paid-In Capital	$223M
Retained Earnings	$160M
Treasury Stock	$0
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$359M
Minority Interest	$0
TOTAL EQUITY	$359M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$395M
Net Debt	$244M