HLF FY 2015 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2015 Earnings

Reported February 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$4.5B	—	$5.0B	—	-9.9%
Op. Income	$584M	—	$514M	—	13.7%
Gross Margin	80.8%	—	80.2%	—	0.7pp
Net Margin	7.6%	—	6.2%	—	1.4pp
EPS (Diluted)	$1.99	—	$1.70	—	17.1%
Free Cash Flow	$550M	—	$338M	—	62.8%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$856M
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	-$2M
Operating Expenses	$3.0B
Cost & Expenses	$3.9B
OPERATING INCOME	$584M
Interest Income	$6M
Interest Expense	$101M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$486M
Income Tax Expense	$147M
Net Income from Continuing Ops	$339M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$339M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$339M
D&A	$98M
EBIT	$587M
EBITDA	$682M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$856M
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	-$2M
Operating Expenses	$3.0B
Cost & Expenses	$3.9B
OPERATING INCOME	$584M
Interest Income	$6M
Interest Expense	$101M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$486M
Income Tax Expense	$147M
Net Income from Continuing Ops	$339M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$339M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$339M
D&A	$98M
EBIT	$587M
EBITDA	$682M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$339M
Depreciation & Amortization	$98M
Stock-Based Compensation	$45M
Deferred Income Tax	-$38M
Other Non-Cash Items	$115M
Change in Working Capital	$70M
OPERATING CASH FLOW	$629M
Capital Expenditure	-$79M
Acquisitions (Net)	$400.0K
Purchases of Investments	-$100.0K
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$228M
Common Stock Repurchased	-$17M
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$250M
FREE CASH FLOW	$550M
Net Change in Cash	$244M

Balance Sheet

Item	Amount
Cash & Equivalents	$890M
Short-Term Investments	$0
Net Receivables	$70M
Inventory	$332M
Other Current Assets	$120M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$339M
Goodwill	$92M
Intangible Assets	$310M
Long-Term Investments	-$84M
Tax Assets	$114M
Other Non-Current Assets	$141M
TOTAL NON-CURRENT ASSETS	$912M
TOTAL ASSETS	$2.5B
Account Payables	$71M
Short-Term Debt	$230M
Deferred Revenue	$64M
Other Current Liabilities	$595M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$1.4B
Deferred Revenue NC	$44M
Deferred Tax Liabilities	$400.0K
Other Non-Current Liabilities	$114M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.5B
Common Stock	$100.0K
Additional Paid-In Capital	$438M
Retained Earnings	-$326M
Treasury Stock	$0
Accum. Other Comp. Income	-$166M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$54M
Minority Interest	$0
TOTAL EQUITY	-$54M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$1.6B
Net Debt	$732M