WDFC FY 2016 Earnings Report — WD-40 Company Revenue & Financial Results | Market Cap Arena

WD-40 CompanyWDFC

FY 2016 Earnings

Reported October 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$381M	—	$378M	—	0.7%
Op. Income	$71M	—	$65M	—	9.1%
Gross Margin	56.3%	—	52.9%	—	3.4pp
Net Margin	13.8%	—	11.8%	—	2.0pp
EPS (Diluted)	$3.64	—	$3.04	—	19.7%
Free Cash Flow	$56M	—	$49M	—	14.1%

Revenue Flow

Item	Amount
REVENUE	$381M
Cost of Revenue	$166M
GROSS PROFIT	$214M
R&D Expenses	$8M
Selling & Marketing	$22M
General & Administrative	$118M
SG&A Expenses	$140M
Other Expenses	$2M
Operating Expenses	$143M
Cost & Expenses	$309M
OPERATING INCOME	$71M
Interest Income	$683.0K
Interest Expense	$2M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$73M
Income Tax Expense	$20M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$6M
EBIT	$74M
EBITDA	$81M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$381M
Cost of Revenue	$166M
GROSS PROFIT	$214M
R&D Expenses	$8M
Selling & Marketing	$22M
General & Administrative	$118M
SG&A Expenses	$140M
Other Expenses	$2M
Operating Expenses	$143M
Cost & Expenses	$309M
OPERATING INCOME	$71M
Interest Income	$683.0K
Interest Expense	$2M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$73M
Income Tax Expense	$20M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$6M
EBIT	$74M
EBITDA	$81M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$6M
Stock-Based Compensation	$4M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$3M
Change in Working Capital	$3M
OPERATING CASH FLOW	$61M
Capital Expenditure	-$4M
Acquisitions (Net)	$301.0K
Purchases of Investments	-$25M
Sales/Maturities of Investments	$8M
Other Investing Activities	$301.0K
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	$14M
Common Stock Repurchased	-$32M
Common Dividends Paid	-$24M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$56M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$51M
Short-Term Investments	$58M
Net Receivables	$65M
Inventory	$32M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$209M
PP&E (Net)	$12M
Goodwill	$96M
Intangible Assets	$19M
Long-Term Investments	$0
Tax Assets	$621.0K
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$130M
TOTAL ASSETS	$340M
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$59M
Long-Term Debt	$122M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$141M
TOTAL LIABILITIES	$199M
Common Stock	$20.0K
Additional Paid-In Capital	$146M
Retained Earnings	$290M
Treasury Stock	-$268M
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$140M
Minority Interest	$0
TOTAL EQUITY	$140M
TOTAL LIABILITIES & EQUITY	$340M
Total Debt	$122M
Net Debt	$71M