Colgate-Palmolive (CL) FY2018 results: revenue $15.5 billion, up 0.6% on the year
Colgate-Palmolive Co. (CL) reported revenue of $15.5 billion for fiscal 2018, the year ended 31 December 2018, up 0.6% on the year before. Net income was $2.4 billion, up 18.6%, and diluted earnings per share $2.75. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$15.5 billion
+0.6% on the year
FY2011FY2018
Operating margin
23.8%
24.0% a year earlier
FY2011FY2018
Net income
$2.4 billion
+18.6% on the year
FY2011FY2018
Diluted EPS
$2.75
+20.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
15,544
15,454
15,195
+0.6%
Cost of revenue
6,313
6,174
6,072
+2.3%
Gross profit
9,231
9,280
9,123
-0.5%
Gross margin
59.4%
60.0%
60.0%
Research and development
277
285
289
-2.8%
Selling, general and administrative
5,389
5,400
5,143
-0.2%
Operating income
3,694
3,707
3,955
-0.4%
Operating margin
23.8%
24.0%
26.0%
Interest expense
195
156
155
+25.0%
Pre-tax income
3,464
3,487
3,738
-0.7%
Income tax
906
1,313
1,152
-31.0%
Effective tax rate
26.2%
37.7%
30.8%
Net income
2,400
2,024
2,441
+18.6%
Net margin
15.4%
13.1%
16.1%
Diluted EPS
$2.75
$2.28
$2.72
+20.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,056
3,054
3,141
+0.1%
Capital expenditure
436
553
593
-21.2%
Free cash flow
2,620
2,501
2,548
+4.8%
Free cash flow margin
16.9%
16.2%
16.8%
Cash from investing
-1,170
-471
-499
Cash from financing
-2,679
-2,450
-2,233
Depreciation and amortisation
511
475
443
+7.6%
Share-based compensation
109
127
123
-14.2%
Buybacks
1,238
1,399
1,335
-11.5%
Dividends paid
1,591
1,529
1,508
+4.1%
Dividend per share
$1.66
$1.59
n/a
+4.4%
Diluted shares, weighted
873m
888m
898m
-1.7%
Shares outstanding at period end
863m
875m
883m
-1.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-102
-60.0
-243
Non-controlling interest
299
303
260
-1.3%
Debt
6,354
6,566
6,520
-3.2%
Other liabilities
5,610
5,867
5,586
-4.4%
Total liabilities and equity
12,161
12,676
12,123
-4.1%
Fixed assets
3,881
4,072
3,840
-4.7%
Goodwill
2,530
2,218
2,107
+14.1%
Intangible assets
1,637
1,341
1,313
+22.1%
Cash and equivalents
726
1,535
1,315
-52.7%
Receivables
1,400
1,480
1,411
-5.4%
Inventory
1,250
1,221
1,171
+2.4%
Other assets
737
809
966
-8.9%
Total assets
12,161
12,676
12,123
-4.1%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.