2020 Q2 Form 10-Q Financial Statement

#000002107620000008 Filed on May 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q4
Revenue $1.983B $1.783B $1.449B
YoY Change 21.88% 14.96% -1.63%
Cost Of Revenue $1.054B $951.0M $810.0M
YoY Change 18.03% 8.31% -2.41%
Gross Profit $929.0M $832.0M $639.0M
YoY Change 26.57% 23.63% -0.62%
Gross Profit Margin 46.85% 46.66% 44.1%
Selling, General & Admin $493.0M $269.0M $210.0M
YoY Change 28.39% 24.54% -0.47%
% of Gross Profit 53.07% 32.33% 32.86%
Research & Development $42.00M $39.00M $34.00M
YoY Change 10.53% 14.71% 6.25%
% of Gross Profit 4.52% 4.69% 5.32%
Depreciation & Amortization $47.00M $45.00M $44.00M
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit 5.06% 5.41% 6.89%
Operating Expenses $509.0M $308.0M $244.0M
YoY Change 22.06% 23.2% 0.41%
Operating Profit $420.0M $524.0M $395.0M
YoY Change 32.49% 23.88% -1.25%
Interest Expense -$25.00M $24.00M $25.00M
YoY Change 0.0% 0.0% 4.17%
% of Operating Profit -5.95% 4.58% 6.33%
Other Income/Expense, Net
YoY Change
Pretax Income $395.0M $297.0M $235.0M
YoY Change 35.27% 23.75% 4.91%
Income Tax $85.00M $56.00M $50.00M
% Of Pretax Income 21.52% 18.86% 21.28%
Net Earnings $310.0M $241.0M $185.0M
YoY Change 28.63% 28.88% 1.65%
Net Earnings / Revenue 15.63% 13.52% 12.77%
Basic Earnings Per Share $2.45 $1.92 $1.48
Diluted Earnings Per Share $2.41 $1.89 $1.46
COMMON SHARES
Basic Shares Outstanding 125.9M shares 125.7M shares 125.4M shares
Diluted Shares Outstanding 127.3M shares 126.9M shares

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $871.0M $496.0M $168.0M
YoY Change 684.68% 178.65% 3.7%
Cash & Equivalents $871.0M $496.0M $168.0M
Short-Term Investments
Other Short-Term Assets $47.00M $71.00M $77.00M
YoY Change -7.84% -1.39% -20.62%
Inventory $454.0M $457.0M $514.0M
Prepaid Expenses
Receivables $648.0M $726.0M $544.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.020B $1.750B $1.303B
YoY Change 54.79% 25.63% -4.54%
LONG-TERM ASSETS
Property, Plant & Equipment $1.103B $1.047B $1.052B
YoY Change 6.67% 4.7% 6.05%
Goodwill $1.577B $1.568B $1.588B
YoY Change -0.88% -1.32% 0.13%
Intangibles $894.0M
YoY Change -1.97%
Long-Term Investments $62.00M
YoY Change 8.77%
Other Assets $328.0M $292.0M $308.0M
YoY Change 19.71% 10.19% 45.97%
Total Long-Term Assets $4.193B $4.100B $4.156B
YoY Change 10.02% 8.78% 12.08%
TOTAL ASSETS
Total Short-Term Assets $2.020B $1.750B $1.303B
Total Long-Term Assets $4.193B $4.100B $4.156B
Total Assets $6.213B $5.850B $5.459B
YoY Change 21.44% 13.33% 7.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $575.0M $1.089B $943.0M
YoY Change 13.41% 15.97% -0.63%
Accrued Expenses $64.00M $65.00M $61.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $638.0M $507.0M
YoY Change -100.0% 98.75% 115.74%
Long-Term Debt Due $0.00 $2.000M $2.000M
YoY Change
Total Short-Term Liabilities $1.418B $1.794B $1.513B
YoY Change -1.53% 42.27% 27.57%
LONG-TERM LIABILITIES
Long-Term Debt $2.780B $2.288B $2.288B
YoY Change 21.56% 0.09% 0.13%
Other Long-Term Liabilities $767.0M $730.0M $1.015B
YoY Change -1.67% -5.68% 28.64%
Total Long-Term Liabilities $3.547B $3.018B $2.288B
YoY Change 15.65% 32.02% 0.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.418B $1.794B $1.513B
Total Long-Term Liabilities $3.547B $3.018B $2.288B
Total Liabilities $5.305B $5.155B $4.904B
YoY Change 16.41% 17.67% 13.23%
SHAREHOLDERS EQUITY
Retained Earnings $3.567B $3.398B $3.292B
YoY Change 13.24% 13.12% 11.97%
Common Stock $1.296B $1.270B $1.221B
YoY Change 7.55% 6.54% 4.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.315B $3.317B $3.357B
YoY Change 3.79% 16.35% 20.15%
Treasury Stock Shares 32.54M shares 32.82M shares 33.72M shares
Shareholders Equity $908.0M $695.0M $555.0M
YoY Change
Total Liabilities & Shareholders Equity $6.213B $5.850B $5.459B
YoY Change 21.44% 13.33% 7.61%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $310.0M $241.0M $185.0M
YoY Change 28.63% 28.88% 1.65%
Depreciation, Depletion And Amortization $47.00M $45.00M $44.00M
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities $740.0M $308.0M $227.0M
YoY Change 90.23% 100.0% 19.47%
INVESTING ACTIVITIES
Capital Expenditures -$96.00M -$47.00M -$57.00M
YoY Change 35.21% -4.08% 14.0%
Acquisitions
YoY Change
Other Investing Activities -$11.00M $0.00 $1.000M
YoY Change -1200.0% -88.89%
Cash From Investing Activities -$107.0M -$47.00M -$56.00M
YoY Change 52.86% -4.08% 36.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -262.0M 77.00M -155.0M
YoY Change -32.12% -184.62% 6.16%
NET CHANGE
Cash From Operating Activities 740.0M 308.0M 227.0M
Cash From Investing Activities -107.0M -47.00M -56.00M
Cash From Financing Activities -262.0M 77.00M -155.0M
Net Change In Cash 371.0M 338.0M 16.00M
YoY Change -653.73% 2314.29% 433.33%
FREE CASH FLOW
Cash From Operating Activities $740.0M $308.0M $227.0M
Capital Expenditures -$96.00M -$47.00M -$57.00M
Free Cash Flow $836.0M $355.0M $284.0M
YoY Change 81.74% 74.88% 18.33%

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us-gaap Variable Lease Cost
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CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2020Q1 us-gaap Finance Lease Liability Payments Due
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P12M
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CY2020Q1 us-gaap Commercial Paper
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1595000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q1 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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8000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2019Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
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CY2019Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
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13000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019Q1 us-gaap Comprehensive Income Net Of Tax
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CY2019Q1 us-gaap Dividends
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us-gaap Dividends
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34000000 USD
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us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2020Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies
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27000000 USD
CY2020Q1 clx Letter Of Credit Borrowing Capacity
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CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4587000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
297000000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
240000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
790000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
732000000 USD

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