HLF FY 2019 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2019 Earnings

Reported February 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.9B	—	$4.9B	—	-0.3%
Op. Income	$568M	—	$683M	—	-16.8%
Gross Margin	80.4%	—	81.2%	—	-0.9pp
Net Margin	6.4%	—	6.1%	—	0.3pp
EPS (Diluted)	$2.20	—	$1.98	—	11.1%
Free Cash Flow	$351M	—	$564M	—	-37.7%

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$958M
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$41M
General & Administrative	$1.9B
SG&A Expenses	$1.9B
Other Expenses	$1.4B
Operating Expenses	$3.4B
Cost & Expenses	$4.3B
OPERATING INCOME	$568M
Interest Income	$21M
Interest Expense	$153M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$451M
Income Tax Expense	$140M
Net Income from Continuing Ops	$311M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$311M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$311M
D&A	$98M
EBIT	$581M
EBITDA	$679M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$958M
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$41M
General & Administrative	$1.9B
SG&A Expenses	$1.9B
Other Expenses	$1.4B
Operating Expenses	$3.4B
Cost & Expenses	$4.3B
OPERATING INCOME	$568M
Interest Income	$21M
Interest Expense	$153M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$451M
Income Tax Expense	$140M
Net Income from Continuing Ops	$311M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$311M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$311M
D&A	$98M
EBIT	$581M
EBITDA	$679M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$311M
Depreciation & Amortization	$98M
Stock-Based Compensation	$39M
Deferred Income Tax	$15M
Other Non-Cash Items	$57M
Change in Working Capital	-$62M
OPERATING CASH FLOW	$458M
Capital Expenditure	-$106M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	-$700M
Common Stock Repurchased	-$17M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$713M
FREE CASH FLOW	$351M
Net Change in Cash	-$368M

Balance Sheet

Item	Amount
Cash & Equivalents	$839M
Short-Term Investments	$0
Net Receivables	$80M
Inventory	$436M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$561M
Goodwill	$92M
Intangible Assets	$310M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$228M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.7B
Account Payables	$82M
Short-Term Debt	$24M
Deferred Revenue	$64M
Other Current Liabilities	$416M
TOTAL CURRENT LIABILITIES	$964M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$155M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.1B
Common Stock	$100.0K
Additional Paid-In Capital	$367M
Retained Earnings	-$215M
Treasury Stock	-$329M
Accum. Other Comp. Income	-$213M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$390M
Minority Interest	$0
TOTAL EQUITY	-$390M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$2.0B
Net Debt	$1.2B