2021 Q4 Form 10-K Financial Statement

#000156459022005528 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $1.369B $5.190B $1.295B
YoY Change 5.67% 6.01% 13.21%
Cost Of Revenue $787.5M $2.927B $737.9M
YoY Change 6.72% 9.14% 18.98%
Gross Profit $581.2M $2.264B $557.4M
YoY Change 4.27% 2.23% 6.37%
Gross Profit Margin 42.46% 43.61% 43.03%
Selling, General & Admin $365.5M $606.7M $337.5M
YoY Change 8.3% 2.26% 11.46%
% of Gross Profit 62.89% 26.8% 60.55%
Research & Development $28.00M $105.2M $29.30M
YoY Change -4.44% 2.53% 12.69%
% of Gross Profit 4.82% 4.65% 5.26%
Depreciation & Amortization $54.20M $219.1M $50.80M
YoY Change 6.69% 15.5% 9.25%
% of Gross Profit 9.33% 9.68% 9.11%
Operating Expenses $393.5M $711.9M $366.8M
YoY Change 7.28% 2.3% 11.56%
Operating Profit $187.7M $1.552B $190.6M
YoY Change -1.52% 50.68% -2.36%
Interest Expense -$11.10M $54.50M -$12.70M
YoY Change -12.6% -10.66% -22.09%
% of Operating Profit -5.91% 3.51% -6.66%
Other Income/Expense, Net -$1.200M -$2.300M -$1.000M
YoY Change 20.0% 9.52% -16.67%
Pretax Income $164.1M $1.032B $176.9M
YoY Change -7.24% 5.95% -0.45%
Income Tax $6.000M $204.2M $26.70M
% Of Pretax Income 3.66% 19.79% 15.09%
Net Earnings $158.1M $827.5M $150.2M
YoY Change 5.26% 5.29% 4.02%
Net Earnings / Revenue 11.55% 15.94% 11.6%
Basic Earnings Per Share $3.38 $0.61
Diluted Earnings Per Share $635.7K $3.32 $0.59
COMMON SHARES
Basic Shares Outstanding 244.9M
Diluted Shares Outstanding 249.6M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $240.6M $240.6M $183.1M
YoY Change 31.4% 31.4% 17.6%
Cash & Equivalents $240.6M $240.6M $183.1M
Short-Term Investments
Other Short-Term Assets $51.90M $51.90M $35.10M
YoY Change 47.86% 47.86% 30.48%
Inventory $535.4M $535.4M $495.4M
Prepaid Expenses
Receivables $405.5M $405.5M $398.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.233B $1.233B $1.112B
YoY Change 10.88% 10.88% 16.31%
LONG-TERM ASSETS
Property, Plant & Equipment $652.7M $812.1M $612.8M
YoY Change 6.51% 2.23% 2.44%
Goodwill $2.275B $2.230B
YoY Change 2.01% 7.22%
Intangibles $3.494B $3.110B
YoY Change 12.35% 13.1%
Long-Term Investments $9.100M $9.100M $9.100M
YoY Change 0.0% 0.0% -6.19%
Other Assets $332.5M $173.1M $340.4M
YoY Change -2.32% 9.01% 189.95%
Total Long-Term Assets $6.763B $6.763B $6.302B
YoY Change 7.32% 7.32% 10.54%
TOTAL ASSETS
Total Short-Term Assets $1.233B $1.233B $1.112B
Total Long-Term Assets $6.763B $6.763B $6.302B
Total Assets $7.997B $7.997B $7.415B
YoY Change 7.85% 7.85% 11.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $663.8M $663.8M $588.1M
YoY Change 12.87% 12.87% 24.26%
Accrued Expenses $455.9M $455.9M $436.4M
YoY Change 4.47% 4.47% 21.7%
Deferred Revenue
YoY Change
Short-Term Debt $252.8M $252.8M $351.4M
YoY Change -28.06% -28.06% 38.95%
Long-Term Debt Due $699.4M $699.4M $0.00
YoY Change
Total Short-Term Liabilities $2.075B $2.075B $1.389B
YoY Change 49.45% 49.45% 27.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.611B $1.611B $1.813B
YoY Change -11.13% -11.13% 0.13%
Other Long-Term Liabilities $298.3M $332.3M $367.7M
YoY Change -18.87% -31.58% 103.26%
Total Long-Term Liabilities $1.909B $1.943B $2.180B
YoY Change -12.44% -15.46% 9.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.075B $2.075B $1.389B
Total Long-Term Liabilities $1.909B $1.943B $2.180B
Total Liabilities $4.763B $4.763B $4.394B
YoY Change 8.4% 8.4% 10.14%
SHAREHOLDERS EQUITY
Retained Earnings $5.366B $4.786B
YoY Change 12.12% 24.88%
Common Stock $603.1M $567.2M
YoY Change 6.33% -3.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.668B $2.255B
YoY Change 18.29% 7.84%
Treasury Stock Shares $50.31M $47.49M
Shareholders Equity $3.233B $3.233B $3.020B
YoY Change
Total Liabilities & Shareholders Equity $7.997B $7.997B $7.415B
YoY Change 7.85% 7.85% 11.37%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $158.1M $827.5M $150.2M
YoY Change 5.26% 5.29% 4.02%
Depreciation, Depletion And Amortization $54.20M $219.1M $50.80M
YoY Change 6.69% 15.5% 9.25%
Cash From Operating Activities $340.2M $993.8M $192.1M
YoY Change 77.1% 0.35% -22.23%
INVESTING ACTIVITIES
Capital Expenditures -$54.70M $118.8M -$44.30M
YoY Change 23.48% 20.12% 30.29%
Acquisitions $556.0M
YoY Change 8.45%
Other Investing Activities -$557.6M $7.200M -$512.6M
YoY Change 8.78% 105.71% 102420.0%
Cash From Investing Activities -$612.3M -$682.0M -$556.9M
YoY Change 9.95% 12.15% 1514.2%
FINANCING ACTIVITIES
Cash Dividend Paid $247.5M
YoY Change 4.3%
Common Stock Issuance & Retirement, Net $500.0M
YoY Change 66.67%
Debt Paid & Issued, Net $300.0M
YoY Change
Cash From Financing Activities 333.3M -252.1M -6.400M
YoY Change -5307.81% -29.99% -96.33%
NET CHANGE
Cash From Operating Activities 340.2M 993.8M 192.1M
Cash From Investing Activities -612.3M -682.0M -556.9M
Cash From Financing Activities 333.3M -252.1M -6.400M
Net Change In Cash 61.20M 57.50M -371.2M
YoY Change -116.49% 109.85% -1071.73%
FREE CASH FLOW
Cash From Operating Activities $340.2M $993.8M $192.1M
Capital Expenditures -$54.70M $118.8M -$44.30M
Free Cash Flow $394.9M $875.0M $236.4M
YoY Change 67.05% -1.84% -15.87%

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CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Proceeds From Sale Of Productive Assets
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CY2019 us-gaap Proceeds From Sale Of Productive Assets
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2019 us-gaap Repayments Of Long Term Debt
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CY2021 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2020 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2019 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2020 us-gaap Proceeds From Stock Options Exercised
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CY2019 us-gaap Proceeds From Stock Options Exercised
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2021 chd Payments Of Deferred Financing And Other Costs
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CY2020 chd Payments Of Deferred Financing And Other Costs
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CY2019 chd Payments Of Deferred Financing And Other Costs
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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155700000
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240600000
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183100000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019 us-gaap Interest Paid Net
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2019 chd Cumulative Effects Of New Accounting Principle In Period Of Adoption
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CY2021 us-gaap Use Of Estimates
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:1.2%;font-style:italic;font-size:9.5pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:3.73%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent gains and losses at the date of the financial statements and reported amounts of revenue and expenses during the reporting period.  Management makes estimates regarding inventory valuation, promotional and sales returns reserves, the carrying amount of goodwill and other intangible assets, the realization of deferred tax assets, tax reserves, business acquisition liabilities, liabilities related to other postretirement benefit obligations and other matters that affect the reported amounts and other disclosures in the financial statements.  These estimates are based on judgment and available information.  Actual results could differ materially from those estimates, and it is possible that changes in such estimates could occur in the near term. </p>
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CY2021 chd Number Of Product
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CY2019 us-gaap Proceeds From Sale And Collection Of Receivables
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
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CY2021Q4 chd Tradename Percentage Of Fair Value In Excess Of Carrying Amount
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CY2021 chd Average Royalty Rate
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CY2021Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Operating Lease Liability
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CY2021 us-gaap Operating Lease Payments
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20100000
CY2019 chd Operating Lease Righ Of Use Asset Amortization
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CY2020 chd Right Of Use Asset Obtained In Exchange For Operating Lease Liability Real Estate
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32400000
CY2020 chd Right Of Use Asset Obtained In Exchange For Operating Lease Liability Equipment
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CY2020 chd Right Of Use Asset Obtained In Exchange For Operating Lease Liability Agreement With Third Party
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Operating Lease Liability
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CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2021Q4 us-gaap Long Term Debt
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CY2021 chd Maximum Leverage Ratio Related To Additional Material Acquisition
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CY2021Q4 chd Maximum Leverage Ratio Related To Material Acquisition
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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