HLF FY 2020 Earnings Report — Herbalife Nutrition Ltd. Revenue & Financial Results | Market Cap Arena

Herbalife Nutrition Ltd.HLF

FY 2020 Earnings

Reported February 17, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.5B	—	$4.9B	—	13.6%
Op. Income	$641M	—	$568M	—	12.8%
Gross Margin	79.2%	—	80.4%	—	-1.1pp
Net Margin	6.7%	—	6.4%	—	0.3pp
EPS (Diluted)	$2.77	—	$2.20	—	25.9%
Free Cash Flow	$517M	—	$351M	—	47.0%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$1.7B
Operating Expenses	$3.8B
Cost & Expenses	$4.9B
OPERATING INCOME	$641M
Interest Income	$9M
Interest Expense	$133M
Other Income/Expenses	-$124M
INCOME BEFORE TAX	$516M
Income Tax Expense	$144M
Net Income from Continuing Ops	$373M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$373M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$373M
D&A	$100M
EBIT	$649M
EBITDA	$750M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$1.7B
Operating Expenses	$3.8B
Cost & Expenses	$4.9B
OPERATING INCOME	$641M
Interest Income	$9M
Interest Expense	$133M
Other Income/Expenses	-$124M
INCOME BEFORE TAX	$516M
Income Tax Expense	$144M
Net Income from Continuing Ops	$373M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$373M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$373M
D&A	$100M
EBIT	$649M
EBITDA	$750M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$373M
Depreciation & Amortization	$100M
Stock-Based Compensation	$51M
Deferred Income Tax	$2M
Other Non-Cash Items	$63M
Change in Working Capital	$40M
OPERATING CASH FLOW	$629M
Capital Expenditure	-$112M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$123M
Net Debt Issuance	$607M
Common Stock Repurchased	-$924M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$321M
FREE CASH FLOW	$517M
Net Change in Cash	$207M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$83M
Inventory	$501M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$613M
Goodwill	$101M
Intangible Assets	$313M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$274M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.1B
Account Payables	$89M
Short-Term Debt	$23M
Deferred Revenue	$69M
Other Current Liabilities	$522M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$193M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.9B
Common Stock	$100.0K
Additional Paid-In Capital	$342M
Retained Earnings	-$687M
Treasury Stock	-$329M
Accum. Other Comp. Income	-$182M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$856M
Minority Interest	$0
TOTAL EQUITY	-$856M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$2.7B
Net Debt	$1.6B