2024 Q2 Form 10-Q Financial Statement

#000095017024051879 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $1.511B $1.503B $1.430B
YoY Change 3.92% 5.14% 10.22%
Cost Of Revenue $799.1M $816.3M $807.8M
YoY Change -1.99% 1.05% 8.47%
Gross Profit $712.1M $687.0M $622.0M
YoY Change 11.46% 10.45% 12.58%
Gross Profit Margin 47.12% 45.7% 43.5%
Selling, General & Admin $222.8M $351.9M $207.8M
YoY Change -29.29% 69.35% 22.31%
% of Gross Profit 31.29% 51.22% 33.41%
Research & Development $33.00M $30.10M $26.70M
YoY Change 9.27% 12.73% 8.98%
% of Gross Profit 4.63% 4.38% 4.29%
Depreciation & Amortization $20.40M $57.60M $16.90M
YoY Change -63.44% 240.83% 1.81%
% of Gross Profit 2.86% 8.38% 2.72%
Operating Expenses $255.8M $382.0M $234.5M
YoY Change -25.92% 62.9% 20.63%
Operating Profit $336.9M $305.0M $291.9M
YoY Change 14.75% 4.49% 3.99%
Interest Expense $23.20M -$23.90M $28.80M
YoY Change -189.58% -182.99% 73.49%
% of Operating Profit 6.89% -7.84% 9.87%
Other Income/Expense, Net $3.700M $3.000M $1.300M
YoY Change 117.65% 130.77% -533.33%
Pretax Income $320.5M $284.1M $268.8M
YoY Change 18.97% 5.69% 0.98%
Income Tax $77.00M $56.40M $65.60M
% Of Pretax Income 24.02% 19.85% 24.4%
Net Earnings $243.5M $227.7M $203.2M
YoY Change 10.08% 12.06% -0.59%
Net Earnings / Revenue 16.11% 15.15% 14.21%
Basic Earnings Per Share $1.00 $0.94 $0.83
Diluted Earnings Per Share $0.99 $0.93 $0.82
COMMON SHARES
Basic Shares Outstanding 244.5M 243.8M 244.0M
Diluted Shares Outstanding 247.0M 246.1M 246.8M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $491.7M $349.7M $202.8M
YoY Change 23.89% 72.44% 16.28%
Cash & Equivalents $491.7M $349.7M $202.8M
Short-Term Investments
Other Short-Term Assets $48.30M $43.80M $49.50M
YoY Change 11.81% -11.52% 19.28%
Inventory $627.3M $595.4M $653.3M
Prepaid Expenses
Receivables $587.9M $545.4M $429.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.755B $1.534B $1.335B
YoY Change 11.34% 14.94% 9.26%
LONG-TERM ASSETS
Property, Plant & Equipment $943.6M $1.134B $772.2M
YoY Change -1.58% 46.89% 18.22%
Goodwill $2.433B $2.432B $2.430B
YoY Change 0.09% 0.05% 6.88%
Intangibles $3.245B $3.271B $3.401B
YoY Change -3.71% -3.81% -1.85%
Long-Term Investments $12.80M $12.30M $13.80M
YoY Change -12.93% -10.87% 27.78%
Other Assets $373.2M $178.0M $314.8M
YoY Change 131.66% -43.46% -0.66%
Total Long-Term Assets $7.007B $7.027B $6.932B
YoY Change 1.04% 1.38% 3.16%
TOTAL ASSETS
Total Short-Term Assets $1.755B $1.534B $1.335B
Total Long-Term Assets $7.007B $7.027B $6.932B
Total Assets $8.762B $8.562B $8.267B
YoY Change 2.95% 3.57% 4.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $673.2M $647.4M $651.5M
YoY Change -0.66% -0.63% -0.53%
Accrued Expenses $460.8M $453.5M $398.3M
YoY Change 6.57% 13.86% 12.45%
Deferred Revenue
YoY Change
Short-Term Debt $6.100M $4.000M $18.70M
YoY Change 52.5% -78.61% -81.84%
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $1.150B $1.151B $1.127B
YoY Change 2.49% 2.15% -39.79%
LONG-TERM LIABILITIES
Long-Term Debt $2.208B $2.203B $2.400B
YoY Change -8.05% -8.22% 48.96%
Other Long-Term Liabilities $324.1M $362.8M $274.1M
YoY Change 0.25% 32.36% -3.32%
Total Long-Term Liabilities $2.532B $2.566B $2.674B
YoY Change -7.07% -4.06% 41.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.150B $1.151B $1.127B
Total Long-Term Liabilities $2.532B $2.566B $2.674B
Total Liabilities $4.457B $4.461B $4.599B
YoY Change -3.12% -3.0% 1.34%
SHAREHOLDERS EQUITY
Retained Earnings $6.345B $6.171B $5.661B
YoY Change 9.11% 9.0% 2.81%
Common Stock $812.4M $792.0M $687.7M
YoY Change 13.42% 15.17% 9.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.823B $2.833B $2.655B
YoY Change 8.88% 6.7% -0.84%
Treasury Stock Shares $49.52M
Shareholders Equity $4.306B $4.101B $3.668B
YoY Change
Total Liabilities & Shareholders Equity $8.762B $8.562B $8.267B
YoY Change 2.95% 3.57% 4.1%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $243.5M $227.7M $203.2M
YoY Change 10.08% 12.06% -0.59%
Depreciation, Depletion And Amortization $20.40M $57.60M $16.90M
YoY Change -63.44% 240.83% 1.81%
Cash From Operating Activities $236.9M $263.0M $273.1M
YoY Change 0.34% -3.7% 78.73%
INVESTING ACTIVITIES
Capital Expenditures $30.30M $46.30M $25.00M
YoY Change -20.68% 85.2% 60.26%
Acquisitions
YoY Change
Other Investing Activities -$14.40M -$500.0K $4.600M
YoY Change 928.57% -110.87% 4500.0%
Cash From Investing Activities -$44.70M -$46.80M -$29.60M
YoY Change 12.88% 58.11% 88.54%
FINANCING ACTIVITIES
Cash Dividend Paid $69.00M $66.30M
YoY Change 4.07% 4.08%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $100.0M $100.0M
YoY Change 0.0%
Cash From Financing Activities -48.30M -209.1M -311.7M
YoY Change 1205.41% -32.92% 53.85%
NET CHANGE
Cash From Operating Activities 236.9M 263.0M 273.1M
Cash From Investing Activities -44.70M -46.80M -29.60M
Cash From Financing Activities -48.30M -209.1M -311.7M
Net Change In Cash 143.9M 7.100M -67.50M
YoY Change -25.36% -110.52% 1.96%
FREE CASH FLOW
Cash From Operating Activities $236.9M $263.0M $273.1M
Capital Expenditures $30.30M $46.30M $25.00M
Free Cash Flow $206.6M $216.7M $248.1M
YoY Change 4.4% -12.66% 80.83%

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CY2024Q1 us-gaap Long Term Purchase Commitment Minimum Quantity Required
LongTermPurchaseCommitmentMinimumQuantityRequired
240000
CY2024Q1 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
399800000
CY2024Q1 chd Outstanding Guarantees And Letters Of Credit
OutstandingGuaranteesAndLettersOfCredit
6100000
CY2023Q4 chd Business Acquisition Additional Cash Payable First Installment
BusinessAcquisitionAdditionalCashPayableFirstInstallment
2000000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-24-051879-index-headers.html Edgar Link pending
0000950170-24-051879-index.html Edgar Link pending
0000950170-24-051879.txt Edgar Link pending
0000950170-24-051879-xbrl.zip Edgar Link pending
chd-20240331.htm Edgar Link pending
chd-20240331.xsd Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable