HLF FY 2011 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2011 Earnings

Reported April 11, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$3.5B	—	$2.7B	—	26.3%
Op. Income	$562M	—	$388M	—	45.1%
Gross Margin	80.3%	—	79.6%	—	0.8pp
Net Margin	11.9%	—	10.6%	—	1.3pp
EPS (Diluted)	$1.66	—	$1.16	—	43.1%
Free Cash Flow	$419M	—	$312M	—	34.2%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$680M
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$1.8B
OPERATING INCOME	$562M
Interest Income	$7M
Interest Expense	$10M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$560M
Income Tax Expense	$147M
Net Income from Continuing Ops	$413M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$413M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$415M
D&A	$72M
EBIT	$570M
EBITDA	$637M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$680M
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$1.8B
OPERATING INCOME	$562M
Interest Income	$7M
Interest Expense	$10M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$560M
Income Tax Expense	$147M
Net Income from Continuing Ops	$413M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$413M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$415M
D&A	$72M
EBIT	$570M
EBITDA	$637M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$413M
Depreciation & Amortization	$72M
Stock-Based Compensation	$24M
Deferred Income Tax	-$13M
Other Non-Cash Items	-$14M
Change in Working Capital	$28M
OPERATING CASH FLOW	$509M
Capital Expenditure	-$90M
Acquisitions (Net)	$0
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$297.0K
NET CASH FROM INVESTING	-$92M
Net Debt Issuance	$25M
Common Stock Repurchased	-$322M
Common Dividends Paid	-$85M
Other Financing Activities	$22M
NET CASH FROM FINANCING	-$338M
FREE CASH FLOW	$419M
Net Change in Cash	$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$259M
Short-Term Investments	$0
Net Receivables	$90M
Inventory	$248M
Other Current Assets	$173M
TOTAL CURRENT ASSETS	$769M
PP&E (Net)	$194M
Goodwill	$105M
Intangible Assets	$312M
Long-Term Investments	-$55.6B
Tax Assets	$55.6B
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$677M
TOTAL ASSETS	$1.4B
Account Payables	$57M
Short-Term Debt	$2M
Deferred Revenue	$32M
Other Current Liabilities	$382M
TOTAL CURRENT LIABILITIES	$549M
Long-Term Debt	$202M
Deferred Revenue NC	$24M
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$337M
TOTAL LIABILITIES	$886M
Common Stock	$116.0K
Additional Paid-In Capital	$292M
Retained Earnings	$306M
Treasury Stock	$0
Accum. Other Comp. Income	-$38M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$560M
Minority Interest	$0
TOTAL EQUITY	$560M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$204M
Net Debt	-$55M