Clorox (CLX) FY2020 results: revenue $6.7 billion, up 8.2% on the year
Clorox Co. (CLX) reported revenue of $6.7 billion for fiscal 2020, the year ended 30 June 2020, up 8.2% on the year before. Net income was $939 million, up 14.5%, and diluted earnings per share $7.36. The figures are the company's own, from the 10-K it filed with the SEC on 13 August 2020.
Revenue
$6.7 billion
+8.2% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$939 million
+14.5% on the year
FY2013FY2020
Diluted EPS
$7.36
+16.5% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
6,721
6,214
6,124
+8.2%
Cost of revenue
3,658
3,486
3,449
+4.9%
Gross profit
3,063
2,728
2,675
+12.3%
Gross margin
45.6%
43.9%
43.7%
Research and development
145
136
132
+6.6%
Selling, general and administrative
969
856
837
+13.2%
Interest expense
99.0
97.0
85.0
+2.1%
Pre-tax income
1,185
1,024
1,054
+15.7%
Income tax
246
204
231
+20.6%
Effective tax rate
20.8%
19.9%
21.9%
Net income
939
820
823
+14.5%
Net margin
14.0%
13.2%
13.4%
Diluted EPS
$7.36
$6.32
$6.26
+16.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,546
992
976
+55.8%
Capital expenditure
254
206
194
+23.3%
Free cash flow
1,292
786
782
+64.4%
Free cash flow margin
19.2%
12.6%
12.8%
Cash from investing
-252
-196
-859
Cash from financing
-523
-815
-399
Depreciation and amortisation
180
180
166
0.0%
Share-based compensation
50.0
43.0
53.0
+16.3%
Buybacks
248
661
271
-62.5%
Dividends paid
533
490
450
+8.8%
Dividend per share
$4.29
$3.94
$3.60
+8.9%
Diluted shares, weighted
128m
130m
132m
-1.6%
Shares outstanding at period end
126m
126m
128m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
908
559
726
+62.4%
Non-controlling interest
0.0
n/a
n/a
Debt
2,780
2,683
2,483
+3.6%
Operating lease liabilities
278
n/a
n/a
Finance lease liabilities
12.0
n/a
n/a
Other liabilities
2,235
1,874
1,851
+19.3%
Total liabilities and equity
6,213
5,116
5,060
+21.4%
Fixed assets
1,103
1,034
996
+6.7%
Goodwill
1,577
1,591
1,602
-0.9%
Intangible assets
894
912
929
-2.0%
Cash and equivalents
871
111
131
+684.7%
Receivables
648
631
600
+2.7%
Inventory
454
512
506
-11.3%
Other assets
666
325
296
+104.9%
Total assets
6,213
5,116
5,060
+21.4%
10-K for the year ended 30 June 2020, filed 13 August 2020: the filing.