HLF FY 2010 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2010 Earnings

Reported February 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.3B	—	17.6%
Op. Income	$388M	—	$296M	—	30.9%
Gross Margin	79.6%	—	78.8%	—	0.8pp
Net Margin	10.6%	—	8.7%	—	1.9pp
EPS (Diluted)	$1.16	—	$0.81	—	43.2%
Free Cash Flow	$312M	—	$225M	—	38.6%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$559M
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$888M
Other Expenses	$0
Operating Expenses	$888M
Cost & Expenses	$1.4B
OPERATING INCOME	$388M
Interest Income	$2M
Interest Expense	$10M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$380M
Income Tax Expense	$90M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$291M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$293M
D&A	$69M
EBIT	$390M
EBITDA	$455M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$559M
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$888M
Other Expenses	$0
Operating Expenses	$888M
Cost & Expenses	$1.4B
OPERATING INCOME	$388M
Interest Income	$2M
Interest Expense	$10M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$380M
Income Tax Expense	$90M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$291M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$293M
D&A	$69M
EBIT	$390M
EBITDA	$455M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$291M
Depreciation & Amortization	$69M
Stock-Based Compensation	$23M
Deferred Income Tax	-$25M
Other Non-Cash Items	-$5M
Change in Working Capital	$28M
OPERATING CASH FLOW	$380M
Capital Expenditure	-$68M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	-$72M
Common Stock Repurchased	-$160M
Common Dividends Paid	-$54M
Other Financing Activities	$32M
NET CASH FROM FINANCING	-$254M
FREE CASH FLOW	$312M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$191M
Short-Term Investments	$0
Net Receivables	$86M
Inventory	$182M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$596M
PP&E (Net)	$177M
Goodwill	$103M
Intangible Assets	$311M
Long-Term Investments	-$43.0B
Tax Assets	$43.0B
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$637M
TOTAL ASSETS	$1.2B
Account Payables	$44M
Short-Term Debt	$3M
Deferred Revenue	$35M
Other Current Liabilities	$339M
TOTAL CURRENT LIABILITIES	$471M
Long-Term Debt	$175M
Deferred Revenue NC	$20M
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$274M
TOTAL LIABILITIES	$745M
Common Stock	$118.0K
Additional Paid-In Capital	$249M
Retained Earnings	$257M
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$9M
TOTAL STOCKHOLDERS' EQUITY	$487M
Minority Interest	$0
TOTAL EQUITY	$487M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$178M
Net Debt	-$12M