Colgate-Palmolive (CL) FY2013 results: revenue $17.4 billion, up 2.0% on the year
Colgate-Palmolive Co. (CL) reported revenue of $17.4 billion for fiscal 2013, the year ended 31 December 2013, up 2.0% on the year before. Net income was $2.2 billion, down 9.3%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$17.4 billion
+2.0% on the year
FY2007FY2013
Operating margin
20.4%
22.8% a year earlier
FY2007FY2013
Net income
$2.2 billion
-9.3% on the year
FY2007FY2013
Diluted EPS
$2.38
-7.6% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
17,420
17,085
16,734
+2.0%
Cost of revenue
7,219
7,153
7,144
+0.9%
Gross profit
10,201
9,932
9,590
+2.7%
Gross margin
58.6%
58.1%
57.3%
Research and development
267
259
262
+3.1%
Selling, general and administrative
6,223
5,930
5,758
+4.9%
Operating income
3,556
3,889
3,841
-8.6%
Operating margin
20.4%
22.8%
23.0%
Interest expense
119
81.0
59.0
+46.9%
Pre-tax income
3,565
3,874
3,789
-8.0%
Income tax
1,155
1,243
1,235
-7.1%
Effective tax rate
32.4%
32.1%
32.6%
Net income
2,241
2,472
2,431
-9.3%
Net margin
12.9%
14.5%
14.5%
Diluted EPS
$2.38
$2.58
$2.47
-7.6%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,204
3,196
2,896
+0.3%
Capital expenditure
670
565
537
+18.6%
Free cash flow
2,534
2,631
2,359
-3.7%
Free cash flow margin
14.5%
15.4%
14.1%
Cash from investing
-890
-865
-1,213
Cash from financing
-2,142
-2,301
-1,242
Depreciation and amortisation
439
425
421
+3.3%
Share-based compensation
128
120
122
+6.7%
Buybacks
1,521
1,943
1,806
-21.7%
Dividends paid
1,382
1,277
1,203
+8.2%
Diluted shares, weighted
940m
960m
984m
-2.1%
Shares outstanding at period end
920m
936m
960m
-1.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,305
2,189
2,375
+5.3%
Non-controlling interest
231
201
166
+14.9%
Debt
5,644
5,230
4,810
+7.9%
Other liabilities
5,805
5,774
5,373
+0.5%
Total liabilities and equity
13,985
13,394
12,724
+4.4%
Fixed assets
4,083
3,842
3,668
+6.3%
Goodwill
2,474
2,500
2,494
-1.0%
Intangible assets
1,496
1,499
1,504
-0.2%
Cash and equivalents
962
884
878
+8.8%
Receivables
1,636
1,668
1,675
-1.9%
Inventory
1,425
1,365
1,327
+4.4%
Other assets
1,909
1,636
1,178
+16.7%
Total assets
13,985
13,394
12,724
+4.4%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.