2023 Q4 Form 10-K Financial Statement

#000163279023000064 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $716.6M $811.1M $2.960B
YoY Change -6.34% 2.62% -2.96%
Cost Of Revenue $449.6M $486.4M $1.836B
YoY Change -3.68% -1.78% -4.92%
Gross Profit $267.0M $324.7M $1.124B
YoY Change -10.49% 9.99% 0.4%
Gross Profit Margin 37.26% 40.03% 37.98%
Selling, General & Admin $128.1M $148.4M $489.4M
YoY Change 6.4% 1.3% 1.01%
% of Gross Profit 47.98% 45.7% 43.54%
Research & Development $7.800M $8.500M $32.90M
YoY Change 2.63% -9.57% -5.19%
% of Gross Profit 2.92% 2.62% 2.93%
Depreciation & Amortization $30.00M $29.70M $122.7M
YoY Change -6.54% -8.9% 0.9%
% of Gross Profit 11.24% 9.15% 10.92%
Operating Expenses $135.9M $222.3M $522.3M
YoY Change 6.17% 29.24% 0.6%
Operating Profit $131.1M $102.4M $601.7M
YoY Change -23.02% -16.88% 0.23%
Interest Expense $40.70M -$43.10M $168.7M
YoY Change -5.13% -5.9% 6.5%
% of Operating Profit 31.05% -42.09% 28.04%
Other Income/Expense, Net -$19.00M -$57.10M
YoY Change -1457.14% 682.19%
Pretax Income $9.400M $22.60M $175.7M
YoY Change -84.91% -104.76% -157.51%
Income Tax $7.500M $2.900M $35.20M
% Of Pretax Income 79.79% 12.83% 20.03%
Net Earnings $1.900M $19.70M $140.5M
YoY Change -96.12% -105.43% -160.69%
Net Earnings / Revenue 0.27% 2.43% 4.75%
Basic Earnings Per Share $0.03 $1.97
Diluted Earnings Per Share $0.03 $0.27 $1.94
COMMON SHARES
Basic Shares Outstanding 71.58M shares 71.49M shares 71.50M shares
Diluted Shares Outstanding 72.60M shares 72.40M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $241.7M $223.3M $223.3M
YoY Change -13.77% 8.77% 8.77%
Cash & Equivalents $241.7M $223.3M $223.3M
Short-Term Investments
Other Short-Term Assets $33.60M $37.00M $120.6M
YoY Change -1.47% -13.75% -13.8%
Inventory $640.6M $649.7M $649.7M
Prepaid Expenses $117.0M $83.60M
Receivables $376.4M $511.6M $511.6M
Other Receivables $0.00 $51.40M $51.40M
Total Short-Term Assets $1.471B $1.557B $1.557B
YoY Change -8.17% -2.1% -2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $384.3M $363.7M $462.1M
YoY Change 8.53% -21.31% -0.02%
Goodwill $1.024B $1.016B
YoY Change 0.75% 1.31%
Intangibles $1.224B $1.238B
YoY Change -4.48% -4.48%
Long-Term Investments
YoY Change
Other Assets $131.8M $148.6M $237.0M
YoY Change -17.11% -6.66% 7.24%
Total Long-Term Assets $2.953B $2.953B $2.953B
YoY Change -0.78% -0.98% -0.98%
TOTAL ASSETS
Total Short-Term Assets $1.471B $1.557B $1.557B
Total Long-Term Assets $2.953B $2.953B $2.953B
Total Assets $4.424B $4.510B $4.510B
YoY Change -3.36% -1.37% -1.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $374.6M $370.8M $370.8M
YoY Change 6.21% 12.57% 12.57%
Accrued Expenses $17.30M $213.5M $213.5M
YoY Change -90.58% 3.19% 3.19%
Deferred Revenue
YoY Change
Short-Term Debt $2.200M $8.200M $8.200M
YoY Change 28.12% 28.12%
Long-Term Debt Due $12.90M $12.00M $12.30M
YoY Change 4.03% 0.0% -0.81%
Total Short-Term Liabilities $724.4M $734.2M $734.2M
YoY Change 3.93% 5.2% 5.2%
LONG-TERM LIABILITIES
Long-Term Debt $3.303B $3.332B $3.332B
YoY Change -5.8% -4.78% -4.78%
Other Long-Term Liabilities $133.2M $47.80M $220.2M
YoY Change -2.63% -8.6% -2.7%
Total Long-Term Liabilities $3.437B $3.380B $3.552B
YoY Change -5.68% -4.84% -4.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $724.4M $734.2M $734.2M
Total Long-Term Liabilities $3.437B $3.380B $3.552B
Total Liabilities $4.253B $4.299B $4.299B
YoY Change -4.36% -3.21% -3.21%
SHAREHOLDERS EQUITY
Retained Earnings -$164.3M -$164.8M
YoY Change -35.82% -45.91%
Common Stock $719.3M $751.3M
YoY Change -10.5% -9.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $238.1M
YoY Change -4.34%
Treasury Stock Shares
Shareholders Equity $170.6M $210.7M $210.7M
YoY Change
Total Liabilities & Shareholders Equity $4.424B $4.510B $4.510B
YoY Change -3.36% -1.37% -1.37%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income $1.900M $19.70M $140.5M
YoY Change -96.12% -105.43% -160.69%
Depreciation, Depletion And Amortization $30.00M $29.70M $122.7M
YoY Change -6.54% -8.9% 0.9%
Cash From Operating Activities $178.1M $98.90M $395.2M
YoY Change 10.62% -7.74% 39420.0%
INVESTING ACTIVITIES
Capital Expenditures $25.50M $21.40M $56.80M
YoY Change 168.42% -276.86% -26.99%
Acquisitions $11.60M $0.00
YoY Change -100.0%
Other Investing Activities -$11.60M $0.00 $700.0K
YoY Change -1757.14% -100.0% -56.25%
Cash From Investing Activities -$37.10M -$21.40M -$56.10M
YoY Change 321.59% 78.33% -38.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$110.8M -48.20M -$309.4M
YoY Change 39.55% -39.22% -491.15%
NET CHANGE
Cash From Operating Activities $178.1M 98.90M $395.2M
Cash From Investing Activities -$37.10M -21.40M -$56.10M
Cash From Financing Activities -$110.8M -48.20M -$309.4M
Net Change In Cash $18.40M 29.30M $18.00M
YoY Change -75.47% 84.28% -153.57%
FREE CASH FLOW
Cash From Operating Activities $178.1M $98.90M $395.2M
Capital Expenditures $25.50M $21.40M $56.80M
Free Cash Flow $152.6M $77.50M $338.4M
YoY Change 0.73% -35.04% -540.63%

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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates – </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Company's Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. On an ongoing basis, Energizer evaluates its estimates, including those related to customer promotional programs and incentives, product returns, bad debts, the carrying value of inventories, intangible and other long-lived assets, income taxes, pensions and other postretirement benefits, share-based compensation, contingencies and acquisitions. Actual results could differ materially from those estimates. In regard to ongoing impairment testing of goodwill and indefinite lived intangible assets, significant deterioration in future cash flow projections, changes in discount rates used in discounted cash flow models or changes in other assumptions used in estimating fair values, versus those anticipated at the time of the initial acquisition, as well as subsequent estimated valuations, could result in impairment charges that may materially affect the financial statements in a given year. Refer to Note 11 Goodwill &amp; Intangibles for additional information.</span>
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023Q3 us-gaap Unrecognized Tax Benefits
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CY2022Q3 us-gaap Unrecognized Tax Benefits
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CY2023Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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CY2022Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2023Q3 enr Numberof Foreign Jurisdictionsinwhich Entity Operates
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Business Combination Integration Related Costs
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CY2022Q3 us-gaap Assets
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CY2022Q3 us-gaap Operating Lease Liability Current
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CY2022Q3 us-gaap Operating Lease Liability
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CY2023Q3 us-gaap Finance Lease Right Of Use Asset
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CY2022Q3 us-gaap Finance Lease Right Of Use Asset
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CY2023Q3 us-gaap Finance Lease Liability Current
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CY2022Q3 us-gaap Finance Lease Liability Current
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CY2023Q3 us-gaap Finance Lease Liability Noncurrent
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CY2022Q3 us-gaap Finance Lease Liability Noncurrent
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CY2023Q3 us-gaap Finance Lease Liability
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CY2022Q3 us-gaap Finance Lease Liability
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CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
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FinanceLeaseRightOfUseAssetAmortization
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2023 us-gaap Finance Lease Interest Expense
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CY2022 us-gaap Finance Lease Interest Expense
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CY2021 us-gaap Finance Lease Interest Expense
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CY2023 us-gaap Variable Lease Cost
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CY2022 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2023 us-gaap Lease Cost
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CY2022 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2023 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
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CY2023 us-gaap Finance Lease Interest Payment On Liability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 enr Capital Lease Obligations Lease Termination Fee
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Five
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q3 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q3 us-gaap Finance Lease Liability Payments Due
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CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2023Q3 us-gaap Operating Lease Liability
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CY2022Q3 us-gaap Goodwill
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CY2023Q3 us-gaap Goodwill
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CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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Files In Submission

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enr-20230930_def.xml Edgar Link unprocessable
enr-20230930_cal.xml Edgar Link unprocessable
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0001632790-23-000064.txt Edgar Link pending
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enr-20230930.htm Edgar Link pending
enr-20230930.xsd Edgar Link pending
enr-20230930_g1.jpg Edgar Link pending
enr-20230930_g2.jpg Edgar Link pending
exhibit1030drathseparation.htm Edgar Link pending
exhibit19securitiestrading.htm Edgar Link pending
exhibit21fy23listofsubsidi.htm Edgar Link pending
exhibit23consentfy23.htm Edgar Link pending
exhibit311certificationfy23.htm Edgar Link pending
exhibit312certificationfy23.htm Edgar Link pending
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