HLF FY 2012 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2012 Earnings

Reported February 19, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.5B	—	17.9%
Op. Income	$661M	—	$562M	—	17.6%
Gross Margin	80.0%	—	80.3%	—	-0.3pp
Net Margin	11.7%	—	11.9%	—	-0.2pp
EPS (Diluted)	$1.97	—	$1.66	—	18.7%
Free Cash Flow	$446M	—	$419M	—	6.5%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$813M
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$42M
General & Administrative	$1.2B
SG&A Expenses	$1.3B
Other Expenses	$1.3B
Operating Expenses	$2.6B
Cost & Expenses	$3.4B
OPERATING INCOME	$661M
Interest Income	$6M
Interest Expense	$17M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$651M
Income Tax Expense	$174M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$13M
BOTTOM LINE NET INCOME	$464M
D&A	$74M
EBIT	$668M
EBITDA	$742M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$813M
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$42M
General & Administrative	$1.2B
SG&A Expenses	$1.3B
Other Expenses	$1.3B
Operating Expenses	$2.6B
Cost & Expenses	$3.4B
OPERATING INCOME	$661M
Interest Income	$6M
Interest Expense	$17M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$651M
Income Tax Expense	$174M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$13M
BOTTOM LINE NET INCOME	$464M
D&A	$74M
EBIT	$668M
EBITDA	$742M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$477M
Depreciation & Amortization	$74M
Stock-Based Compensation	$28M
Deferred Income Tax	-$9M
Other Non-Cash Items	-$25M
Change in Working Capital	$23M
OPERATING CASH FLOW	$568M
Capital Expenditure	-$122M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$125M
Net Debt Issuance	$284M
Common Stock Repurchased	-$557M
Common Dividends Paid	-$135M
Other Financing Activities	$25M
NET CASH FROM FINANCING	-$371M
FREE CASH FLOW	$446M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$334M
Short-Term Investments	$0
Net Receivables	$116M
Inventory	$339M
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$964M
PP&E (Net)	$243M
Goodwill	$105M
Intangible Assets	$311M
Long-Term Investments	-$49.3B
Tax Assets	$49.3B
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$740M
TOTAL ASSETS	$1.7B
Account Payables	$75M
Short-Term Debt	$56M
Deferred Revenue	$49M
Other Current Liabilities	$474M
TOTAL CURRENT LIABILITIES	$717M
Long-Term Debt	$431M
Deferred Revenue NC	$29M
Deferred Tax Liabilities	$63M
Other Non-Current Liabilities	$72M
TOTAL NON-CURRENT LIABILITIES	$566M
TOTAL LIABILITIES	$1.3B
Common Stock	$107.0K
Additional Paid-In Capital	$304M
Retained Earnings	$148M
Treasury Stock	$0
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$421M
Minority Interest	$0
TOTAL EQUITY	$421M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$488M
Net Debt	$154M