WDFC FY 2017 Earnings Report — WD-40 Company Revenue & Financial Results | Market Cap Arena

WD-40 CompanyWDFC

FY 2017 Earnings

Reported October 23, 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	$381M	—	$381M	—	-0.0%
Op. Income	$76M	—	$71M	—	6.4%
Gross Margin	56.2%	—	56.3%	—	-0.1pp
Net Margin	13.9%	—	13.8%	—	0.1pp
EPS (Diluted)	$3.72	—	$3.64	—	2.2%
Free Cash Flow	$32M	—	$56M	—	-42.8%

Revenue Flow

Item	Amount
REVENUE	$381M
Cost of Revenue	$167M
GROSS PROFIT	$214M
R&D Expenses	$8M
Selling & Marketing	$21M
General & Administrative	$115M
SG&A Expenses	$135M
Other Expenses	$787.0K
Operating Expenses	$138M
Cost & Expenses	$305M
OPERATING INCOME	$76M
Interest Income	$508.0K
Interest Expense	$3M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$75M
Income Tax Expense	$22M
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	$53M
D&A	$7M
EBIT	$77M
EBITDA	$84M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$381M
Cost of Revenue	$167M
GROSS PROFIT	$214M
R&D Expenses	$8M
Selling & Marketing	$21M
General & Administrative	$115M
SG&A Expenses	$135M
Other Expenses	$787.0K
Operating Expenses	$138M
Cost & Expenses	$305M
OPERATING INCOME	$76M
Interest Income	$508.0K
Interest Expense	$3M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$75M
Income Tax Expense	$22M
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	$53M
D&A	$7M
EBIT	$77M
EBITDA	$84M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$7M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	-$1M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$20M
Acquisitions (Net)	$430.0K
Purchases of Investments	-$27M
Sales/Maturities of Investments	$5M
Other Investing Activities	$430.0K
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	$32M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$27M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$24M
FREE CASH FLOW	$32M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$80M
Net Receivables	$64M
Inventory	$35M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$225M
PP&E (Net)	$29M
Goodwill	$96M
Intangible Assets	$16M
Long-Term Investments	$0
Tax Assets	$495.0K
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$145M
TOTAL ASSETS	$370M
Account Payables	$21M
Short-Term Debt	$20M
Deferred Revenue	$30M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$75M
Long-Term Debt	$134M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$155M
TOTAL LIABILITIES	$230M
Common Stock	$20.0K
Additional Paid-In Capital	$151M
Retained Earnings	$316M
Treasury Stock	-$299M
Accum. Other Comp. Income	-$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$139M
Minority Interest	$0
TOTAL EQUITY	$139M
TOTAL LIABILITIES & EQUITY	$370M
Total Debt	$154M
Net Debt	$117M