2024 Q4 Form 10-K Financial Statement

#000163279024000102 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $805.7M $2.887B
YoY Change -0.67% -2.46%
Cost Of Revenue $474.6M $1.783B
YoY Change -2.43% -2.89%
Gross Profit $331.1M $1.104B
YoY Change 1.97% -1.75%
Gross Profit Margin 41.09% 38.25%
Selling, General & Admin $176.4M $526.3M
YoY Change 18.87% 7.54%
% of Gross Profit 53.28% 47.66%
Research & Development $8.500M $31.60M
YoY Change 0.0% -3.95%
% of Gross Profit 2.57% 2.86%
Depreciation & Amortization $30.90M $120.5M
YoY Change 4.04% -1.79%
% of Gross Profit 9.33% 10.91%
Operating Expenses $202.8M $557.9M
YoY Change -8.77% 6.82%
Operating Profit $128.3M $546.4M
YoY Change 25.29% -9.19%
Interest Expense -$39.30M $155.7M
YoY Change -8.82% -7.71%
% of Operating Profit -30.63% 28.5%
Other Income/Expense, Net -$22.00M
YoY Change -61.47%
Pretax Income $59.50M $53.80M
YoY Change 163.27% -69.38%
Income Tax $11.90M $15.70M
% Of Pretax Income 20.0% 29.18%
Net Earnings $47.60M $38.10M
YoY Change 141.62% -72.88%
Net Earnings / Revenue 5.91% 1.32%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.63 $0.52
COMMON SHARES
Basic Shares Outstanding 71.92M shares 71.80M shares 71.80M shares
Diluted Shares Outstanding 72.70M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $216.9M $216.9M
YoY Change -2.87% -2.87%
Cash & Equivalents $216.9M $216.9M
Short-Term Investments
Other Short-Term Assets $29.50M $110.1M
YoY Change -20.27% -8.71%
Inventory $657.3M $657.3M
Prepaid Expenses $80.60M
Receivables $441.3M $441.3M
Other Receivables $53.30M $53.30M
Total Short-Term Assets $1.479B $1.479B
YoY Change -4.99% -4.99%
LONG-TERM ASSETS
Property, Plant & Equipment $474.8M $474.8M
YoY Change 30.55% 2.75%
Goodwill $1.046B
YoY Change 2.93%
Intangibles $1.071B
YoY Change -13.48%
Long-Term Investments
YoY Change
Other Assets $126.0M $271.8M
YoY Change -15.21% 14.68%
Total Long-Term Assets $2.864B $2.864B
YoY Change -3.03% -3.03%
TOTAL ASSETS
Total Short-Term Assets $1.479B $1.479B
Total Long-Term Assets $2.864B $2.864B
Total Assets $4.342B $4.342B
YoY Change -3.71% -3.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $433.1M $433.1M
YoY Change 16.8% 16.8%
Accrued Expenses $245.4M $245.4M
YoY Change 14.94% 14.94%
Deferred Revenue
YoY Change
Short-Term Debt $2.100M $2.100M
YoY Change -74.39% -74.39%
Long-Term Debt Due $12.00M $12.60M
YoY Change 0.0% 2.44%
Total Short-Term Liabilities $819.8M $819.8M
YoY Change 11.66% 11.66%
LONG-TERM LIABILITIES
Long-Term Debt $3.193B $3.193B
YoY Change -4.17% -4.17%
Other Long-Term Liabilities $31.10M $185.5M
YoY Change -34.94% -15.76%
Total Long-Term Liabilities $3.224B $3.379B
YoY Change -4.61% -4.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $819.8M $819.8M
Total Long-Term Liabilities $3.224B $3.379B
Total Liabilities $4.207B $4.207B
YoY Change -2.15% -2.15%
SHAREHOLDERS EQUITY
Retained Earnings -$128.4M
YoY Change -22.09%
Common Stock $668.4M
YoY Change -11.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $223.6M
YoY Change -6.09%
Treasury Stock Shares
Shareholders Equity $135.8M $135.8M
YoY Change
Total Liabilities & Shareholders Equity $4.342B $4.342B
YoY Change -3.71% -3.71%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income $47.60M $38.10M
YoY Change 141.62% -72.88%
Depreciation, Depletion And Amortization $30.90M $120.5M
YoY Change 4.04% -1.79%
Cash From Operating Activities $168.9M $429.6M
YoY Change 70.78% 8.7%
INVESTING ACTIVITIES
Capital Expenditures $27.40M $97.90M
YoY Change 28.04% 72.36%
Acquisitions $22.40M
YoY Change
Other Investing Activities $2.400M -$16.10M
YoY Change -2400.0%
Cash From Investing Activities -$25.00M -$114.0M
YoY Change 16.82% 103.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.40M -$300.3M
YoY Change 58.51% -2.94%
NET CHANGE
Cash From Operating Activities 168.9M $429.6M
Cash From Investing Activities -25.00M -$114.0M
Cash From Financing Activities -76.40M -$300.3M
Net Change In Cash 67.50M -$6.400M
YoY Change 130.38% -135.56%
FREE CASH FLOW
Cash From Operating Activities $168.9M $429.6M
Capital Expenditures $27.40M $97.90M
Free Cash Flow $141.5M $331.7M
YoY Change 82.58% -1.98%

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http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
CY2023Q3 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent
CY2024Q3 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent
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http://fasb.org/us-gaap/2024#GoodwillAndIntangibleAssetImpairment
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http://fasb.org/us-gaap/2024#NonoperatingIncomeExpense
CY2023Q3 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
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http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q3 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent
CY2024Q3 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent
CY2023Q3 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherLiabilities
CY2024Q3 us-gaap Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherLiabilities
CY2024Q3 us-gaap Environmental Loss Contingency Current Statement Of Financial Position Extensible Enumeration
EnvironmentalLossContingencyCurrentStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent
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<div><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></div>
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Nonoperating Income Expense
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CY2022 enr Non Operating Income Expense After Adjustments
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CY2023Q3 us-gaap Assets
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CY2023Q3 us-gaap Noncurrent Assets
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Operating Lease Right Of Use Asset
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CY2023Q3 us-gaap Operating Lease Liability Current
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CY2024Q3 us-gaap Operating Lease Liability
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CY2023Q3 us-gaap Operating Lease Liability
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CY2024Q3 us-gaap Finance Lease Right Of Use Asset
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CY2023Q3 us-gaap Finance Lease Right Of Use Asset
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CY2023Q3 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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CY2024 us-gaap Variable Lease Cost
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CY2024 us-gaap Lease Cost
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CY2023 us-gaap Lease Cost
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CY2022 us-gaap Lease Cost
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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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CY2023 enr Capital Lease Obligations Lease Termination Fee
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Five
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CY2024Q3 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q3 us-gaap Finance Lease Liability Payments Due
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CY2024Q3 us-gaap Finance Lease Liability
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CY2023Q3 us-gaap Goodwill
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CY2024Q3 us-gaap Goodwill
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CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2024Q3 us-gaap Finance Lease Liability
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CY2023Q3 us-gaap Finance Lease Liability
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CY2023Q3 us-gaap Long Term Debt
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CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2024Q3 us-gaap Long Term Debt Noncurrent
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CY2024Q3 us-gaap Short Term Bank Loans And Notes Payable
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2024Q3 us-gaap Debt Instrument Carrying Amount
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9500000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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10400000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
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CY2024Q3 us-gaap Preferred Stock Shares Authorized
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CY2023Q3 us-gaap Common Stock Shares Issued
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CY2022 us-gaap Payments Of Dividends Common Stock
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CY2019Q1 us-gaap Preferred Stock Shares Issued
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CY2024 us-gaap Goodwill And Intangible Asset Impairment
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CY2024Q3 us-gaap Purchase Obligation
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