Colgate-Palmolive (CL) FY2011 results: revenue $16.7 billion, up 7.5% on the year
Colgate-Palmolive Co. (CL) reported revenue of $16.7 billion for fiscal 2011, the year ended 31 December 2011, up 7.5% on the year before. Net income was $2.4 billion, up 10.3%, and diluted earnings per share $2.47. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$16.7 billion
+7.5% on the year
FY2007FY2011
Operating margin
23.0%
22.4% a year earlier
FY2007FY2011
Net income
$2.4 billion
+10.3% on the year
FY2007FY2011
Diluted EPS
$2.47
+14.6% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
16,734
15,564
15,327
+7.5%
Cost of revenue
7,144
6,360
6,319
+12.3%
Gross profit
9,590
9,204
9,008
+4.2%
Gross margin
57.3%
59.1%
58.8%
Research and development
262
256
256
+2.3%
Selling, general and administrative
5,758
5,414
5,282
+6.4%
Operating income
3,841
3,489
3,615
+10.1%
Operating margin
23.0%
22.4%
23.6%
Interest expense
59.0
69.0
102
-14.5%
Pre-tax income
3,789
3,430
3,538
+10.5%
Income tax
1,235
1,117
1,141
+10.6%
Effective tax rate
32.6%
32.6%
32.2%
Net income
2,431
2,203
2,291
+10.3%
Net margin
14.5%
14.2%
14.9%
Diluted EPS
$2.47
$2.15
$2.19
+14.6%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,896
3,211
3,277
-9.8%
Capital expenditure
537
550
575
-2.4%
Free cash flow
2,359
2,661
2,702
-11.3%
Free cash flow margin
14.1%
17.1%
17.6%
Cash from investing
-1,213
-658
-841
Cash from financing
-1,242
-2,624
-2,270
Depreciation and amortisation
421
376
351
+12.0%
Share-based compensation
122
121
117
+0.8%
Buybacks
1,806
2,020
1,063
-10.6%
Dividends paid
1,203
1,142
981
+5.3%
Diluted shares, weighted
984m
1,022m
1,049m
-3.7%
Shares outstanding at period end
960m
990m
988m
-3.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
2,375
2,675
3,116
-11.2%
Non-controlling interest
166
142
141
+16.9%
Debt
4,810
3,424
3,147
+40.5%
Other liabilities
5,373
4,931
4,730
+9.0%
Total liabilities and equity
12,724
11,172
11,134
+13.9%
Fixed assets
3,668
3,693
3,516
-0.7%
Goodwill
2,494
2,362
2,302
+5.6%
Intangible assets
1,504
831
821
+81.0%
Cash and equivalents
878
490
600
+79.2%
Receivables
1,675
1,610
1,626
+4.0%
Inventory
1,327
1,222
1,209
+8.6%
Other assets
1,178
964
1,060
+22.2%
Total assets
12,724
11,172
11,134
+13.9%
10-K for the year ended 31 December 2011, filed 20 February 2014: the filing.