Clorox (CLX) FY2018 results: revenue $6.1 billion, up 2.5% on the year
Clorox Co. (CLX) reported revenue of $6.1 billion for fiscal 2018, the year ended 30 June 2018, up 2.5% on the year before. Net income was $823 million, up 17.4%, and diluted earnings per share $6.26. The figures are the company's own, from the 10-K it filed with the SEC on 14 August 2018.
Revenue
$6.1 billion
+2.5% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$823 million
+17.4% on the year
FY2011FY2018
Diluted EPS
$6.26
+17.4% 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
6,124
5,973
5,761
+2.5%
Cost of revenue
3,449
3,302
3,163
+4.5%
Gross profit
2,675
2,671
2,598
+0.1%
Gross margin
43.7%
44.7%
45.1%
Research and development
132
135
141
-2.2%
Selling, general and administrative
837
810
806
+3.3%
Interest expense
85.0
88.0
88.0
-3.4%
Pre-tax income
1,054
1,033
983
+2.0%
Income tax
231
330
335
-30.0%
Effective tax rate
21.9%
31.9%
34.1%
Net income
823
701
648
+17.4%
Net margin
13.4%
11.7%
11.2%
Diluted EPS
$6.26
$5.33
$4.92
+17.4%
$ 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
976
865
778
+12.8%
Capital expenditure
194
231
172
-16.0%
Free cash flow
782
634
606
+23.3%
Free cash flow margin
12.8%
10.6%
10.5%
Cash from investing
-859
-205
-430
Cash from financing
-399
-645
-316
Depreciation and amortisation
166
163
165
+1.8%
Share-based compensation
53.0
51.0
45.0
+3.9%
Buybacks
271
183
254
+48.1%
Dividends paid
450
412
398
+9.2%
Dividend per share
$3.60
$3.24
$3.11
+11.1%
Diluted shares, weighted
132m
132m
132m
+0.0%
Shares outstanding at period end
128m
129m
129m
-0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
726
542
297
+33.9%
Debt
2,483
2,195
2,312
+13.1%
Other liabilities
1,851
1,836
1,909
+0.8%
Total liabilities and equity
5,060
4,573
4,518
+10.6%
Fixed assets
996
931
906
+7.0%
Goodwill
1,602
1,196
1,197
+33.9%
Intangible assets
929
722
735
+28.7%
Cash and equivalents
131
418
401
-68.7%
Receivables
600
565
569
+6.2%
Inventory
506
459
443
+10.2%
Other assets
296
282
267
+5.0%
Total assets
5,060
4,573
4,518
+10.6%
10-K for the year ended 30 June 2018, filed 14 August 2018: the filing.