Church & Dwight (CHD) FY2015 results: revenue $3.4 billion, up 2.9% on the year
Church & Dwight Co. Inc. (CHD) reported revenue of $3.4 billion for fiscal 2015, the year ended 31 December 2015, up 2.9% on the year before. Net income was $410 million, down 0.8%, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$3.4 billion
+2.9% on the year
FY2008FY2015
Operating margin
19.9%
19.4% a year earlier
FY2008FY2015
Net income
$410 million
-0.8% on the year
FY2008FY2015
Diluted EPS
$1.53
+2.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,395
3,298
3,194
+2.9%
Cost of revenue
1,883
1,845
1,756
+2.1%
Gross profit
1,512
1,453
1,438
+4.1%
Gross margin
44.5%
44.1%
45.0%
Research and development
64.7
59.8
61.8
+8.2%
Selling, general and administrative
420
395
416
+6.4%
Operating income
674
641
622
+5.1%
Operating margin
19.9%
19.4%
19.5%
Interest expense
30.5
27.4
27.7
+11.3%
Pre-tax income
635
625
598
+1.7%
Income tax
225
211
203
+6.6%
Effective tax rate
35.4%
33.8%
34.0%
Net income
410
414
394
-0.8%
Net margin
12.1%
12.6%
12.3%
Diluted EPS
$1.53
$1.50
$1.40
+2.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
606
540
500
+12.2%
Capital expenditure
61.8
70.5
67.1
-12.3%
Free cash flow
544
470
432
+15.9%
Free cash flow margin
16.0%
14.2%
13.5%
Cash from investing
n/a
n/a
-77.1
Cash from financing
n/a
n/a
-260
Depreciation and amortisation
101
91.2
90.5
+10.7%
Share-based compensation
16.1
17.0
17.0
-5.3%
Buybacks
363
479
50.1
-24.2%
Dividends paid
175
168
155
+4.7%
Dividend per share
$0.67
$0.62
$0.56
+8.1%
Diluted shares, weighted
267m
275m
282m
-2.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,023
2,102
2,300
-3.7%
Non-controlling interest
n/a
0.0
0.1
Debt
1,050
1,087
803
-3.4%
Other liabilities
1,184
1,171
1,134
+1.1%
Total liabilities and equity
4,257
4,359
4,237
-2.3%
Fixed assets
610
616
594
-1.1%
Goodwill
1,355
1,325
1,222
+2.3%
Intangible assets
1,270
1,272
1,204
-0.2%
Cash and equivalents
330
423
497
-22.0%
Receivables
276
323
330
-14.5%
Inventory
274
246
250
+11.4%
Other assets
143
154
139
-7.2%
Total assets
4,257
4,359
4,237
-2.3%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.