SMG FY 2017 Earnings Report — The Scotts Miracle-Gro Company Revenue & Financial Results | Market Cap Arena

The Scotts Miracle-Gro CompanySMG

FY 2017 Earnings

Reported November 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.6B	—	—	—	—
Op. Income	$433M	—	—	—	—
Gross Margin	36.8%	—	—	—	—
Net Margin	8.3%	—	—	—	—
EPS (Diluted)	$3.63	—	—	—	—
Free Cash Flow	$284M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.7B
GROSS PROFIT	$973M
R&D Expenses	$40M
Selling & Marketing	$123M
General & Administrative	$366M
SG&A Expenses	$489M
Other Expenses	$3M
Operating Expenses	$551M
Cost & Expenses	$2.2B
OPERATING INCOME	$433M
Interest Income	$10M
Interest Expense	$74M
Other Income/Expenses	-$119M
INCOME BEFORE TAX	$315M
Income Tax Expense	$117M
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$21M
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$80M
EBIT	$391M
EBITDA	$469M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.7B
GROSS PROFIT	$973M
R&D Expenses	$40M
Selling & Marketing	$123M
General & Administrative	$366M
SG&A Expenses	$489M
Other Expenses	$3M
Operating Expenses	$551M
Cost & Expenses	$2.2B
OPERATING INCOME	$433M
Interest Income	$10M
Interest Expense	$74M
Other Income/Expenses	-$119M
INCOME BEFORE TAX	$315M
Income Tax Expense	$117M
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$21M
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$80M
EBIT	$391M
EBITDA	$469M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$219M
Depreciation & Amortization	$80M
Stock-Based Compensation	$25M
Deferred Income Tax	-$17M
Other Non-Cash Items	-$1M
Change in Working Capital	$49M
OPERATING CASH FLOW	$354M
Capital Expenditure	-$70M
Acquisitions (Net)	$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$57M
Other Investing Activities	-$24M
NET CASH FROM INVESTING	$22M
Net Debt Issuance	$52M
Common Stock Repurchased	-$255M
Common Dividends Paid	-$120M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$308M
FREE CASH FLOW	$284M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$121M
Short-Term Investments	$0
Net Receivables	$287M
Inventory	$408M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$882M
PP&E (Net)	$468M
Goodwill	$442M
Intangible Assets	$749M
Long-Term Investments	$31M
Tax Assets	$0
Other Non-Current Assets	$176M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.7B
Account Payables	$153M
Short-Term Debt	$143M
Deferred Revenue	$0
Other Current Liabilities	$192M
TOTAL CURRENT LIABILITIES	$545M
Long-Term Debt	$1.3B
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$158M
Other Non-Current Liabilities	$113M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.1B
Common Stock	$408M
Additional Paid-In Capital	$0
Retained Earnings	$978M
Treasury Stock	-$668M
Accum. Other Comp. Income	-$69M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$662M
Minority Interest	$13M
TOTAL EQUITY	$675M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$1.4B
Net Debt	$1.3B