2021 Q2 Form 10-K Financial Statement

#000002107621000016 Filed on August 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $1.802B $1.983B $1.783B
YoY Change -9.13% 21.88% 14.96%
Cost Of Revenue $1.134B $1.054B $951.0M
YoY Change 7.59% 18.03% 8.31%
Gross Profit $668.0M $929.0M $832.0M
YoY Change -28.09% 26.57% 23.63%
Gross Profit Margin 37.07% 46.85% 46.66%
Selling, General & Admin $484.0M $493.0M $269.0M
YoY Change -1.83% 28.39% 24.54%
% of Gross Profit 72.46% 53.07% 32.33%
Research & Development $45.00M $42.00M $39.00M
YoY Change 7.14% 10.53% 14.71%
% of Gross Profit 6.74% 4.52% 4.69%
Depreciation & Amortization $54.00M $47.00M $45.00M
YoY Change 14.89% 0.0% 0.0%
% of Gross Profit 8.08% 5.06% 5.41%
Operating Expenses $542.0M $509.0M $308.0M
YoY Change 6.48% 22.06% 23.2%
Operating Profit $126.0M $420.0M $524.0M
YoY Change -70.0% 32.49% 23.88%
Interest Expense -$25.00M -$25.00M $24.00M
YoY Change 0.0% 0.0% 0.0%
% of Operating Profit -19.84% -5.95% 4.58%
Other Income/Expense, Net
YoY Change
Pretax Income $101.0M $395.0M $297.0M
YoY Change -74.43% 35.27% 23.75%
Income Tax $1.000M $85.00M $56.00M
% Of Pretax Income 0.99% 21.52% 18.86%
Net Earnings $97.00M $310.0M $241.0M
YoY Change -68.71% 28.63% 28.88%
Net Earnings / Revenue 5.38% 15.63% 13.52%
Basic Earnings Per Share $0.79 $2.45 $1.92
Diluted Earnings Per Share $0.78 $2.41 $1.89
COMMON SHARES
Basic Shares Outstanding 124.4M shares 125.9M shares 125.7M shares
Diluted Shares Outstanding 127.3M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $319.0M $871.0M $496.0M
YoY Change -63.38% 684.68% 178.65%
Cash & Equivalents $319.0M $871.0M $496.0M
Short-Term Investments
Other Short-Term Assets $154.0M $47.00M $71.00M
YoY Change 227.66% -7.84% -1.39%
Inventory $752.0M $454.0M $457.0M
Prepaid Expenses
Receivables $604.0M $648.0M $726.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.829B $2.020B $1.750B
YoY Change -9.46% 54.79% 25.63%
LONG-TERM ASSETS
Property, Plant & Equipment $1.302B $1.103B $1.047B
YoY Change 18.04% 6.67% 4.7%
Goodwill $1.575B $1.577B $1.568B
YoY Change -0.13% -0.88% -1.32%
Intangibles $918.0M $894.0M
YoY Change 2.68% -1.97%
Long-Term Investments $55.00M $62.00M
YoY Change -11.29% 8.77%
Other Assets $378.0M $328.0M $292.0M
YoY Change 15.24% 19.71% 10.19%
Total Long-Term Assets $4.505B $4.193B $4.100B
YoY Change 7.44% 10.02% 8.78%
TOTAL ASSETS
Total Short-Term Assets $1.829B $2.020B $1.750B
Total Long-Term Assets $4.505B $4.193B $4.100B
Total Assets $6.334B $6.213B $5.850B
YoY Change 1.95% 21.44% 13.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $930.0M $575.0M $1.089B
YoY Change 61.74% 13.41% 15.97%
Accrued Expenses $81.00M $64.00M $65.00M
YoY Change 26.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $638.0M
YoY Change -100.0% 98.75%
Long-Term Debt Due $300.0M $0.00 $2.000M
YoY Change
Total Short-Term Liabilities $2.056B $1.418B $1.794B
YoY Change 44.99% -1.53% 42.27%
LONG-TERM LIABILITIES
Long-Term Debt $2.484B $2.780B $2.288B
YoY Change -10.65% 21.56% 0.09%
Other Long-Term Liabilities $834.0M $767.0M $730.0M
YoY Change 8.74% -1.67% -5.68%
Total Long-Term Liabilities $3.318B $3.547B $3.018B
YoY Change -6.46% 15.65% 32.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.056B $1.418B $1.794B
Total Long-Term Liabilities $3.318B $3.547B $3.018B
Total Liabilities $5.742B $5.305B $5.155B
YoY Change 8.24% 16.41% 17.67%
SHAREHOLDERS EQUITY
Retained Earnings $1.036B $3.567B $3.398B
YoY Change -70.96% 13.24% 13.12%
Common Stock $1.317B $1.296B $1.270B
YoY Change 1.62% 7.55% 6.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.396B $3.315B $3.317B
YoY Change -57.89% 3.79% 16.35%
Treasury Stock Shares 7.961M shares 32.54M shares 32.82M shares
Shareholders Equity $411.0M $908.0M $695.0M
YoY Change
Total Liabilities & Shareholders Equity $6.334B $6.213B $5.850B
YoY Change 1.95% 21.44% 13.33%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $97.00M $310.0M $241.0M
YoY Change -68.71% 28.63% 28.88%
Depreciation, Depletion And Amortization $54.00M $47.00M $45.00M
YoY Change 14.89% 0.0% 0.0%
Cash From Operating Activities $383.0M $740.0M $308.0M
YoY Change -48.24% 90.23% 100.0%
INVESTING ACTIVITIES
Capital Expenditures -$99.00M -$96.00M -$47.00M
YoY Change 3.13% 35.21% -4.08%
Acquisitions
YoY Change
Other Investing Activities -$12.00M -$11.00M $0.00
YoY Change 9.09% -1200.0%
Cash From Investing Activities -$111.0M -$107.0M -$47.00M
YoY Change 3.74% 52.86% -4.08%
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 -262.0M 77.00M
YoY Change 70.61% -32.12% -184.62%
NET CHANGE
Cash From Operating Activities 383.0M 740.0M 308.0M
Cash From Investing Activities -111.0M -107.0M -47.00M
Cash From Financing Activities -447.0M -262.0M 77.00M
Net Change In Cash -175.0M 371.0M 338.0M
YoY Change -147.17% -653.73% 2314.29%
FREE CASH FLOW
Cash From Operating Activities $383.0M $740.0M $308.0M
Capital Expenditures -$99.00M -$96.00M -$47.00M
Free Cash Flow $482.0M $836.0M $355.0M
YoY Change -42.34% 81.74% 74.88%

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CY2020Q2 us-gaap Long Term Debt Current
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CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2020Q2 clx Employee Benefit Obligations Noncurrent
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CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2020Q2 clx Derivative Instruments Subject To Contractually Defined Counterparty Liability Position Limits
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CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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176000000 USD
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451000000 USD
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CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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115
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
125000 shares
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CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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139
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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153000000 USD
CY2021 clx Amortization Of Trademarks And Other Intangible Assets
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CY2019 us-gaap Gain Loss On Investments
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CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021 us-gaap Income Loss From Equity Method Investments
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20000000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
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15000000 USD
CY2021 us-gaap Investment Income Interest And Dividend
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CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2019Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2020Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2019Q3 us-gaap Profit Loss
ProfitLoss
203000000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
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CY2020Q1 us-gaap Profit Loss
ProfitLoss
241000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
310000000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
939000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
203000000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
185000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
241000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
310000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
939000000 USD
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.92
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.45
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.46
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.46
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.41
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.36
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.06
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.06
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.06
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.11
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.29
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2021 us-gaap Profit Loss
ProfitLoss
719000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6214000000 USD
CY2018 us-gaap Revenues
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6124000000 USD
CY2017 us-gaap Revenues
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5973000000 USD
CY2021 us-gaap Gross Profit
GrossProfit
3199000000 USD
CY2020 us-gaap Gross Profit
GrossProfit
3063000000 USD
CY2019 us-gaap Gross Profit
GrossProfit
2728000000 USD
CY2018 us-gaap Gross Profit
GrossProfit
2675000000 USD
CY2017 us-gaap Gross Profit
GrossProfit
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CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
719000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
939000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
820000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
823000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
703000000 USD
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2019 us-gaap Profit Loss
ProfitLoss
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CY2018 us-gaap Profit Loss
ProfitLoss
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CY2017 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
710000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
939000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
820000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
823000000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
701000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.66
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
7.46
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.42
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.37
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.45
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.58
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
7.36
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.32
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.26
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
5.35
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.49
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.29
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.94
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.60
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.24
CY2021Q2 us-gaap Assets
Assets
6334000000 USD
CY2020Q2 us-gaap Assets
Assets
6213000000 USD
CY2019Q2 us-gaap Assets
Assets
5116000000 USD
CY2018Q2 us-gaap Assets
Assets
5060000000 USD
CY2017Q2 us-gaap Assets
Assets
4573000000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2484000000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2780000000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2287000000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2284000000 USD
CY2017Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1391000000 USD

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