2021 Q2 Form 10-Q Financial Statement

#000002107621000009 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q4
Revenue $1.802B $1.781B $1.842B
YoY Change -9.13% -0.11% 27.12%
Cost Of Revenue $1.134B $1.007B $1.005B
YoY Change 7.59% 5.89% 24.07%
Gross Profit $668.0M $774.0M $837.0M
YoY Change -28.09% -6.97% 30.99%
Gross Profit Margin 37.07% 43.46% 45.44%
Selling, General & Admin $484.0M $237.0M $269.0M
YoY Change -1.83% -11.9% 28.1%
% of Gross Profit 72.46% 30.62% 32.14%
Research & Development $45.00M $32.00M $40.00M
YoY Change 7.14% -17.95% 17.65%
% of Gross Profit 6.74% 4.13% 4.78%
Depreciation & Amortization $54.00M $53.00M $53.00M
YoY Change 14.89% 17.78% 20.45%
% of Gross Profit 8.08% 6.85% 6.33%
Operating Expenses $542.0M $269.0M $309.0M
YoY Change 6.48% -12.66% 26.64%
Operating Profit $126.0M $505.0M $528.0M
YoY Change -70.0% -3.63% 33.67%
Interest Expense -$25.00M $25.00M $24.00M
YoY Change 0.0% 4.17% -4.0%
% of Operating Profit -19.84% 4.95% 4.55%
Other Income/Expense, Net
YoY Change
Pretax Income $101.0M -$59.00M $332.0M
YoY Change -74.43% -119.87% 41.28%
Income Tax $1.000M $0.00 $71.00M
% Of Pretax Income 0.99% 21.39%
Net Earnings $97.00M -$61.00M $259.0M
YoY Change -68.71% -125.31% 40.0%
Net Earnings / Revenue 5.38% -3.43% 14.06%
Basic Earnings Per Share $0.79 -$0.49 $2.06
Diluted Earnings Per Share $0.78 -$0.49 $2.03
COMMON SHARES
Basic Shares Outstanding 124.4M shares 125.6M shares 126.2M shares
Diluted Shares Outstanding 125.6M shares 128.1M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $319.0M $492.0M $732.0M
YoY Change -63.38% -0.81% 335.71%
Cash & Equivalents $319.0M $492.0M $732.0M
Short-Term Investments
Other Short-Term Assets $154.0M $139.0M $146.0M
YoY Change 227.66% 95.77% 89.61%
Inventory $752.0M $688.0M $609.0M
Prepaid Expenses
Receivables $604.0M $643.0M $616.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.829B $1.962B $2.103B
YoY Change -9.46% 12.11% 61.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.302B $1.251B $1.221B
YoY Change 18.04% 19.48% 16.06%
Goodwill $1.575B $1.574B $1.803B
YoY Change -0.13% 0.38% 13.54%
Intangibles $918.0M $940.0M
YoY Change 2.68%
Long-Term Investments $55.00M
YoY Change -11.29%
Other Assets $378.0M $386.0M $357.0M
YoY Change 15.24% 32.19% 15.91%
Total Long-Term Assets $4.505B $4.479B $4.752B
YoY Change 7.44% 9.24% 14.34%
TOTAL ASSETS
Total Short-Term Assets $1.829B $1.962B $2.103B
Total Long-Term Assets $4.505B $4.479B $4.752B
Total Assets $6.334B $6.441B $6.855B
YoY Change 1.95% 10.1% 25.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $930.0M $1.445B $1.377B
YoY Change 61.74% 32.69% 46.02%
Accrued Expenses $81.00M $74.00M $61.00M
YoY Change 26.56% 13.85% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $300.0M $300.0M $300.0M
YoY Change 14900.0% 14900.0%
Total Short-Term Liabilities $2.056B $1.819B $1.738B
YoY Change 44.99% 1.39% 14.87%
LONG-TERM LIABILITIES
Long-Term Debt $2.484B $2.483B $2.483B
YoY Change -10.65% 8.52% 8.52%
Other Long-Term Liabilities $834.0M $819.0M $813.0M
YoY Change 8.74% 12.19% -19.9%
Total Long-Term Liabilities $3.318B $3.302B $3.296B
YoY Change -6.46% 9.41% 44.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.056B $1.819B $1.738B
Total Long-Term Liabilities $3.318B $3.302B $3.296B
Total Liabilities $5.742B $5.503B $5.475B
YoY Change 8.24% 6.75% 11.64%
SHAREHOLDERS EQUITY
Retained Earnings $1.036B $1.086B $1.302B
YoY Change -70.96% -68.04% -60.45%
Common Stock $1.317B $1.321B $1.307B
YoY Change 1.62% 4.02% 7.04%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.396B $1.111B $850.0M
YoY Change -57.89% -66.51% -74.68%
Treasury Stock Shares 7.961M shares 6.382M shares 5.017M shares
Shareholders Equity $411.0M $743.0M $1.184B
YoY Change
Total Liabilities & Shareholders Equity $6.334B $6.441B $6.855B
YoY Change 1.95% 10.1% 25.57%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q4
OPERATING ACTIVITIES
Net Income $97.00M -$61.00M $259.0M
YoY Change -68.71% -125.31% 40.0%
Depreciation, Depletion And Amortization $54.00M $53.00M $53.00M
YoY Change 14.89% 17.78% 20.45%
Cash From Operating Activities $383.0M $264.0M $246.0M
YoY Change -48.24% -14.29% 8.37%
INVESTING ACTIVITIES
Capital Expenditures -$99.00M -$81.00M -$82.00M
YoY Change 3.13% 72.34% 43.86%
Acquisitions
YoY Change
Other Investing Activities -$12.00M -$2.000M -$25.00M
YoY Change 9.09% -2600.0%
Cash From Investing Activities -$111.0M -$83.00M -$107.0M
YoY Change 3.74% 76.6% 91.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -447.0M -420.0M -277.0M
YoY Change 70.61% -645.45% 78.71%
NET CHANGE
Cash From Operating Activities 383.0M 264.0M 246.0M
Cash From Investing Activities -111.0M -83.00M -107.0M
Cash From Financing Activities -447.0M -420.0M -277.0M
Net Change In Cash -175.0M -239.0M -138.0M
YoY Change -147.17% -170.71% -962.5%
FREE CASH FLOW
Cash From Operating Activities $383.0M $264.0M $246.0M
Capital Expenditures -$99.00M -$81.00M -$82.00M
Free Cash Flow $482.0M $345.0M $328.0M
YoY Change -42.34% -2.82% 15.49%

Facts In Submission

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198000000 USD
us-gaap Treasury Stock Retired Cost Method Amount
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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938000000 USD
CY2021Q1 clx Number Of Repurchase Programs
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2 repurchaseProgram
CY2021Q1 clx Number Of Repurchase Programs
NumberOfRepurchasePrograms
2 repurchaseProgram
CY2021Q1 clx Number Of Repurchase Programs
NumberOfRepurchasePrograms
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CY2021Q1 clx Number Of Repurchase Programs
NumberOfRepurchasePrograms
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CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
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305000000 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
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1648000 shares
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
30000000 USD
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
184000 shares
us-gaap Treasury Stock Value Acquired Cost Method
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605000000 USD
us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Value Acquired Cost Method
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219000000 USD
us-gaap Treasury Stock Shares Acquired
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1424000 shares
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Tax
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1000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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27000000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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22000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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-61000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-11000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
4000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-54000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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85000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
12000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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87000000 USD
us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.031
CY2020Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
0 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
0 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
27000000 USD
CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
28000000 USD
CY2021Q1 clx Letter Of Credit Borrowing Capacity
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11000000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
0 USD
us-gaap Number Of Reportable Segments
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4 reportableSegment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1781000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1783000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5539000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4738000000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-59000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
297000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
799000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
790000000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
329000000 USD

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