HLF FY 2013 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2013 Earnings

Reported February 18, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.1B	—	18.5%
Op. Income	$735M	—	$661M	—	11.2%
Gross Margin	80.0%	—	80.0%	—	-0.0pp
Net Margin	10.9%	—	11.7%	—	-0.8pp
EPS (Diluted)	$2.46	—	$1.97	—	24.9%
Free Cash Flow	$626M	—	$446M	—	40.3%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$963M
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$58M
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$1.5B
Operating Expenses	$3.1B
Cost & Expenses	$4.1B
OPERATING INCOME	$735M
Interest Income	$8M
Interest Expense	$27M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$717M
Income Tax Expense	$189M
Net Income from Continuing Ops	$528M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$25.0K
BOTTOM LINE NET INCOME	$528M
D&A	$85M
EBIT	$741M
EBITDA	$826M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$963M
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$58M
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$1.5B
Operating Expenses	$3.1B
Cost & Expenses	$4.1B
OPERATING INCOME	$735M
Interest Income	$8M
Interest Expense	$27M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$717M
Income Tax Expense	$189M
Net Income from Continuing Ops	$528M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$25.0K
BOTTOM LINE NET INCOME	$528M
D&A	$85M
EBIT	$741M
EBITDA	$826M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$528M
Depreciation & Amortization	$85M
Stock-Based Compensation	$29M
Deferred Income Tax	-$25M
Other Non-Cash Items	$23M
Change in Working Capital	$133M
OPERATING CASH FLOW	$773M
Capital Expenditure	-$147M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$186.0K
NET CASH FROM INVESTING	-$151M
Net Debt Issuance	$444M
Common Stock Repurchased	-$307M
Common Dividends Paid	-$123M
Other Financing Activities	$17M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$626M
Net Change in Cash	$639M

Balance Sheet

Item	Amount
Cash & Equivalents	$973M
Short-Term Investments	$0
Net Receivables	$100M
Inventory	$351M
Other Current Assets	$78M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$319M
Goodwill	$105M
Intangible Assets	$311M
Long-Term Investments	-$69.8B
Tax Assets	$69.8B
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$831M
TOTAL ASSETS	$2.5B
Account Payables	$83M
Short-Term Debt	$81M
Deferred Revenue	$68M
Other Current Liabilities	$603M
TOTAL CURRENT LIABILITIES	$922M
Long-Term Debt	$850M
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$66M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$1.9B
Common Stock	$101.0K
Additional Paid-In Capital	$324M
Retained Earnings	$247M
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$551M
Minority Interest	$0
TOTAL EQUITY	$551M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$931M
Net Debt	-$42M