Colgate-Palmolive (CL) FY2016 results: revenue $15.2 billion, down 5.2% on the year
Colgate-Palmolive Co. (CL) reported revenue of $15.2 billion for fiscal 2016, the year ended 31 December 2016, down 5.2% on the year before. Net income was $2.4 billion, up 76.4%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$15.2 billion
-5.2% on the year
FY2009FY2016
Operating margin
26.0%
17.4% a year earlier
FY2009FY2016
Net income
$2.4 billion
+76.4% on the year
FY2009FY2016
Diluted EPS
$2.72
+78.9% 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
15,195
16,034
17,277
-5.2%
Cost of revenue
6,072
6,635
7,168
-8.5%
Gross profit
9,123
9,399
10,109
-2.9%
Gross margin
60.0%
58.6%
58.5%
Research and development
289
274
277
+5.5%
Selling, general and administrative
5,143
5,464
5,982
-5.9%
Operating income
3,955
2,789
3,557
+41.8%
Operating margin
26.0%
17.4%
20.6%
Interest expense
155
139
134
+11.5%
Pre-tax income
3,738
2,763
3,533
+35.3%
Income tax
1,152
1,215
1,194
-5.2%
Effective tax rate
30.8%
44.0%
33.8%
Net income
2,441
1,384
2,180
+76.4%
Net margin
16.1%
8.6%
12.6%
Diluted EPS
$2.72
$1.52
$2.36
+78.9%
$ 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
3,141
2,949
3,298
+6.5%
Capital expenditure
593
691
757
-14.2%
Free cash flow
2,548
2,258
2,541
+12.8%
Free cash flow margin
16.8%
14.1%
14.7%
Cash from investing
-499
-685
-859
Cash from financing
-2,233
-2,276
-2,170
Depreciation and amortisation
443
449
442
-1.3%
Share-based compensation
123
125
131
-1.6%
Buybacks
1,335
1,551
1,530
-13.9%
Dividends paid
1,508
1,493
1,446
+1.0%
Diluted shares, weighted
898m
910m
924m
-1.2%
Shares outstanding at period end
883m
893m
907m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-243
-299
1,145
Non-controlling interest
260
255
240
+2.0%
Debt
6,520
6,544
6,132
-0.4%
Other liabilities
5,586
5,458
5,942
+2.3%
Total liabilities and equity
12,123
11,958
13,459
+1.4%
Fixed assets
3,840
3,796
4,080
+1.2%
Goodwill
2,107
2,103
2,307
+0.2%
Intangible assets
1,313
1,346
1,413
-2.5%
Cash and equivalents
1,315
970
1,089
+35.6%
Receivables
1,411
1,427
1,552
-1.1%
Inventory
1,171
1,180
1,382
-0.8%
Other assets
966
1,136
1,636
-15.0%
Total assets
12,123
11,958
13,459
+1.4%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.