SMG FY 2019 Earnings Report — The Scotts Miracle-Gro Company Revenue & Financial Results | Market Cap Arena

The Scotts Miracle-Gro CompanySMG

FY 2019 Earnings

Reported November 27, 2019

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	$3.2B	—	$2.7B	—	18.5%
Op. Income	$691M	—	$199M	—	247.3%
Gross Margin	32.3%	—	32.5%	—	-0.2pp
Net Margin	14.6%	—	2.4%	—	12.2pp
EPS (Diluted)	$8.18	—	$1.12	—	630.4%
Free Cash Flow	$184M	—	$274M	—	-32.8%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.0B
R&D Expenses	$40M
Selling & Marketing	$120M
General & Administrative	$409M
SG&A Expenses	$529M
Other Expenses	-$38M
Operating Expenses	$603M
Cost & Expenses	$2.7B
OPERATING INCOME	$691M
Interest Income	$0
Interest Expense	$102M
Other Income/Expenses	$172M
INCOME BEFORE TAX	$582M
Income Tax Expense	$145M
Net Income from Continuing Ops	$437M
Net Income from Discontinued Ops	$24M
Other Adjustments	$0
NET INCOME	$461M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$461M
D&A	$89M
EBIT	$683M
EBITDA	$772M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.0B
R&D Expenses	$40M
Selling & Marketing	$120M
General & Administrative	$409M
SG&A Expenses	$529M
Other Expenses	-$38M
Operating Expenses	$603M
Cost & Expenses	$2.7B
OPERATING INCOME	$691M
Interest Income	$0
Interest Expense	$102M
Other Income/Expenses	$172M
INCOME BEFORE TAX	$582M
Income Tax Expense	$145M
Net Income from Continuing Ops	$437M
Net Income from Discontinued Ops	$24M
Other Adjustments	$0
NET INCOME	$461M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$461M
D&A	$89M
EBIT	$683M
EBITDA	$772M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$460M
Depreciation & Amortization	$89M
Stock-Based Compensation	$38M
Deferred Income Tax	-$33M
Other Non-Cash Items	-$257M
Change in Working Capital	-$71M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$42M
Acquisitions (Net)	$268M
Purchases of Investments	-$274M
Sales/Maturities of Investments	$274M
Other Investing Activities	$30M
NET CASH FROM INVESTING	$255M
Net Debt Issuance	-$390M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$125M
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$497M
FREE CASH FLOW	$184M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$0
Net Receivables	$308M
Inventory	$540M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$546M
Goodwill	$539M
Intangible Assets	$708M
Long-Term Investments	$123M
Tax Assets	$74M
Other Non-Current Assets	-$2M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.0B
Account Payables	$214M
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$183M
TOTAL CURRENT LIABILITIES	$621M
Long-Term Debt	$1.5B
Deferred Revenue NC	-$36M
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.3B
Common Stock	$442M
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	-$904M
Accum. Other Comp. Income	-$94M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$723M
Minority Interest	$5M
TOTAL EQUITY	$728M
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$1.7B
Net Debt	$1.6B