Church & Dwight (CHD) FY2016 results: revenue $3.5 billion, up 2.9% on the year
Church & Dwight Co. Inc. (CHD) reported revenue of $3.5 billion for fiscal 2016, the year ended 31 December 2016, up 2.9% on the year before. Net income was $459 million, up 11.8%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$3.5 billion
+2.9% on the year
FY2009FY2016
Operating margin
20.7%
19.9% a year earlier
FY2009FY2016
Net income
$459 million
+11.8% on the year
FY2009FY2016
Diluted EPS
$1.75
+14.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,493
3,395
3,298
+2.9%
Cost of revenue
1,902
1,883
1,845
+1.0%
Gross profit
1,591
1,512
1,453
+5.2%
Gross margin
45.5%
44.5%
44.1%
Research and development
63.2
64.7
59.8
-2.3%
Selling, general and administrative
439
420
395
+4.5%
Operating income
724
674
641
+7.4%
Operating margin
20.7%
19.9%
19.4%
Interest expense
27.7
30.5
27.4
-9.2%
Pre-tax income
706
635
625
+11.1%
Income tax
247
225
211
+9.7%
Effective tax rate
35.0%
35.4%
33.8%
Net income
459
410
414
+11.8%
Net margin
13.1%
12.1%
12.6%
Diluted EPS
$1.75
$1.53
$1.50
+14.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
655
606
540
+8.1%
Capital expenditure
49.8
61.8
70.5
-19.4%
Free cash flow
606
544
470
+11.2%
Free cash flow margin
17.3%
16.0%
14.2%
Cash from investing
-355
n/a
n/a
Cash from financing
-440
n/a
n/a
Depreciation and amortisation
108
101
91.2
+6.5%
Share-based compensation
16.0
16.1
17.0
-0.6%
Buybacks
400
363
479
+10.2%
Dividends paid
183
175
168
+4.4%
Dividend per share
$0.71
$0.67
$0.62
+6.0%
Diluted shares, weighted
262m
267m
275m
-1.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,978
2,023
2,102
-2.2%
Non-controlling interest
n/a
n/a
0.0
Debt
1,120
1,050
1,087
+6.7%
Other liabilities
1,256
1,184
1,171
+6.1%
Total liabilities and equity
4,354
4,257
4,359
+2.3%
Fixed assets
589
610
616
-3.4%
Goodwill
1,444
1,355
1,325
+6.6%
Intangible assets
1,432
1,270
1,272
+12.8%
Cash and equivalents
188
330
423
-43.1%
Receivables
287
276
323
+3.9%
Inventory
258
274
246
-5.8%
Other assets
157
143
154
+9.7%
Total assets
4,354
4,257
4,359
+2.3%
10-K for the year ended 31 December 2016, filed 21 February 2019: the filing.