Church & Dwight (CHD) FY2012 results: revenue $2.9 billion, up 6.3% on the year
Church & Dwight Co. Inc. (CHD) reported revenue of $2.9 billion for fiscal 2012, the year ended 31 December 2012, up 6.3% on the year before. Net income was $350 million, up 13.0%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$2.9 billion
+6.3% on the year
FY2008FY2012
Operating margin
18.7%
17.9% a year earlier
FY2008FY2012
Net income
$350 million
+13.0% on the year
FY2008FY2012
Diluted EPS
$1.23
+15.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,922
2,749
2,589
+6.3%
Cost of revenue
1,630
1,535
1,431
+6.2%
Gross profit
1,291
1,214
1,158
+6.3%
Gross margin
44.2%
44.2%
44.7%
Research and development
54.8
55.1
53.7
-0.5%
Selling, general and administrative
389
368
375
+5.8%
Operating income
545
493
445
+10.7%
Operating margin
18.7%
17.9%
17.2%
Interest expense
14.0
8.7
27.8
+60.9%
Pre-tax income
542
495
418
+9.7%
Income tax
193
185
148
+4.2%
Effective tax rate
35.5%
37.4%
35.3%
Net income
350
310
271
+13.0%
Net margin
12.0%
11.3%
10.5%
Diluted EPS
$1.23
$1.06
$0.94
+15.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
524
438
428
+19.6%
Capital expenditure
74.5
76.6
63.8
-2.7%
Free cash flow
449
361
365
+24.3%
Free cash flow margin
15.4%
13.1%
14.1%
Cash from investing
-741
-148
-180
Cash from financing
305
-226
-504
Depreciation and amortisation
85.0
77.1
71.6
+10.2%
Share-based compensation
12.4
11.0
11.8
+12.7%
Buybacks
250
80.2
0.1
+212.2%
Dividends paid
134
97.4
44.0
+38.1%
Dividend per share
$0.48
$0.34
$0.15
+41.2%
Diluted shares, weighted
285m
292m
289m
-2.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,061
2,041
1,871
+1.0%
Non-controlling interest
0.2
0.2
0.2
0.0%
Debt
903
252
340
+258.0%
Other liabilities
1,134
824
735
+37.5%
Total liabilities and equity
4,098
3,118
2,945
+31.5%
Fixed assets
586
506
468
+15.8%
Goodwill
1,214
868
857
+39.8%
Intangible assets
1,255
904
872
+38.8%
Investments
0.0
n/a
n/a
Cash and equivalents
343
251
189
+36.4%
Receivables
303
265
231
+14.6%
Inventory
242
201
195
+20.7%
Other assets
155
122
131
+26.7%
Total assets
4,098
3,118
2,945
+31.5%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.