Colgate-Palmolive (CL) FY2017 results: revenue $15.5 billion, up 1.7% on the year
Colgate-Palmolive Co. (CL) reported revenue of $15.5 billion for fiscal 2017, the year ended 31 December 2017, up 1.7% on the year before. Net income was $2.0 billion, down 17.1%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2018.
Revenue
$15.5 billion
+1.7% on the year
FY2010FY2017
Operating margin
24.0%
26.0% a year earlier
FY2010FY2017
Net income
$2.0 billion
-17.1% on the year
FY2010FY2017
Diluted EPS
$2.28
-16.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
15,454
15,195
16,034
+1.7%
Cost of revenue
6,174
6,072
6,635
+1.7%
Gross profit
9,280
9,123
9,399
+1.7%
Gross margin
60.0%
60.0%
58.6%
Research and development
285
289
274
-1.4%
Selling, general and administrative
5,400
5,143
5,464
+5.0%
Operating income
3,707
3,955
2,789
-6.3%
Operating margin
24.0%
26.0%
17.4%
Interest expense
156
155
139
+0.6%
Pre-tax income
3,487
3,738
2,763
-6.7%
Income tax
1,313
1,152
1,215
+14.0%
Effective tax rate
37.7%
30.8%
44.0%
Net income
2,024
2,441
1,384
-17.1%
Net margin
13.1%
16.1%
8.6%
Diluted EPS
$2.28
$2.72
$1.52
-16.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,054
3,141
2,949
-2.8%
Capital expenditure
553
593
691
-6.7%
Free cash flow
2,501
2,548
2,258
-1.8%
Free cash flow margin
16.2%
16.8%
14.1%
Cash from investing
-471
-499
-685
Cash from financing
-2,450
-2,233
-2,276
Depreciation and amortisation
475
443
449
+7.2%
Share-based compensation
127
123
125
+3.3%
Buybacks
1,399
1,335
1,551
+4.8%
Dividends paid
1,529
1,508
1,493
+1.4%
Dividend per share
$1.59
n/a
n/a
Diluted shares, weighted
888m
898m
910m
-1.2%
Shares outstanding at period end
875m
883m
893m
-1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-60.0
-243
-299
Non-controlling interest
303
260
255
+16.5%
Debt
6,566
6,520
6,544
+0.7%
Other liabilities
5,867
5,586
5,458
+5.0%
Total liabilities and equity
12,676
12,123
11,958
+4.6%
Fixed assets
4,072
3,840
3,796
+6.0%
Goodwill
2,218
2,107
2,103
+5.3%
Intangible assets
1,341
1,313
1,346
+2.1%
Cash and equivalents
1,535
1,315
970
+16.7%
Receivables
1,480
1,411
1,427
+4.9%
Inventory
1,221
1,171
1,180
+4.3%
Other assets
809
966
1,136
-16.3%
Total assets
12,676
12,123
11,958
+4.6%
10-K for the year ended 31 December 2017, filed 15 February 2018: the filing.