$HLF
HERBALIFE LTD.

2015 Q3 Form 10-Q Financial Statement

#000156459015009169 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $1.103B $1.256B
YoY Change -12.2% 3.52%
Cost Of Revenue $206.9M $254.9M
YoY Change -18.84% 6.93%
Gross Profit $896.0M $1.001B
YoY Change -10.52% 2.69%
Gross Profit Margin 81.24% 79.71%
Selling, General & Admin $728.9M $609.7M
YoY Change 19.55% 48.8%
% of Gross Profit 81.35% 60.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.60M $24.40M
YoY Change 0.82% 16.75%
% of Gross Profit 2.75% 2.44%
Operating Expenses $728.9M $609.7M
YoY Change 19.55% 48.8%
Operating Profit $167.1M $27.64M
YoY Change 504.51% -85.61%
Interest Expense $1.300M -$19.86M
YoY Change -106.54% 320.31%
% of Operating Profit 0.78% -71.86%
Other Income/Expense, Net $0.00 -$9.800M
YoY Change -100.0%
Pretax Income $137.5M -$2.053M
YoY Change -6797.52% -101.1%
Income Tax $43.90M -$13.30M
% Of Pretax Income 31.93%
Net Earnings $93.60M $11.30M
YoY Change 728.32% -92.04%
Net Earnings / Revenue 8.49% 0.9%
Basic Earnings Per Share $1.13 $0.14
Diluted Earnings Per Share $1.09 $0.13
COMMON SHARES
Basic Shares Outstanding 92.48M 81.93M shares
Diluted Shares Outstanding 86.20M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $813.2M $678.1M
YoY Change 19.92% -24.02%
Cash & Equivalents $813.2M $678.2M
Short-Term Investments
Other Short-Term Assets $273.4M $290.3M
YoY Change -5.82% 26.93%
Inventory $315.6M $367.8M
Prepaid Expenses
Receivables $89.90M $100.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.492B $1.437B
YoY Change 3.85% -8.99%
LONG-TERM ASSETS
Property, Plant & Equipment $335.8M $359.0M
YoY Change -6.46% 34.02%
Goodwill $105.5M
YoY Change 0.0%
Intangibles $310.5M
YoY Change -0.12%
Long-Term Investments
YoY Change
Other Assets $191.4M $101.7M
YoY Change 88.15% 107.59%
Total Long-Term Assets $929.4M $927.7M
YoY Change 0.19% 21.32%
TOTAL ASSETS
Total Short-Term Assets $1.492B $1.437B
Total Long-Term Assets $929.4M $927.7M
Total Assets $2.422B $2.364B
YoY Change 2.41% 0.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.40M $93.56M
YoY Change -13.0% 12.74%
Accrued Expenses $342.7M $273.1M
YoY Change 25.5% 13.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $254.7M $100.0M
YoY Change 154.7% 33.16%
Total Short-Term Liabilities $1.031B $928.0M
YoY Change 11.04% 6.92%
LONG-TERM LIABILITIES
Long-Term Debt $1.399B $1.728B
YoY Change -19.05% 97.47%
Other Long-Term Liabilities $115.6M $61.58M
YoY Change 87.72% 35.86%
Total Long-Term Liabilities $1.514B $61.58M
YoY Change 2359.0% 35.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.031B $928.0M
Total Long-Term Liabilities $1.514B $61.58M
Total Liabilities $2.552B $2.785B
YoY Change -8.36% 47.52%
SHAREHOLDERS EQUITY
Retained Earnings -$768.7M
YoY Change -531.31%
Common Stock $406.9M
YoY Change 33.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$130.7M -$420.6M
YoY Change
Total Liabilities & Shareholders Equity $2.422B $2.364B
YoY Change 2.41% 0.9%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $93.60M $11.30M
YoY Change 728.32% -92.04%
Depreciation, Depletion And Amortization $24.60M $24.40M
YoY Change 0.82% 16.75%
Cash From Operating Activities $134.5M $101.9M
YoY Change 31.99% -54.81%
INVESTING ACTIVITIES
Capital Expenditures -$17.60M -$34.50M
YoY Change -48.99% -3.63%
Acquisitions
YoY Change
Other Investing Activities $600.0K -$4.200M
YoY Change -114.29% -4300.0%
Cash From Investing Activities -$17.00M -$38.70M
YoY Change -56.07% 8.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.20M -21.40M
YoY Change 92.52% -86.28%
NET CHANGE
Cash From Operating Activities 134.5M 101.9M
Cash From Investing Activities -17.00M -38.70M
Cash From Financing Activities -41.20M -21.40M
Net Change In Cash 76.30M 41.80M
YoY Change 82.54% 23.67%
FREE CASH FLOW
Cash From Operating Activities $134.5M $101.9M
Capital Expenditures -$17.60M -$34.50M
Free Cash Flow $152.1M $136.4M
YoY Change 11.51% -47.8%

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. Organization</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Herbalife Ltd., a Cayman Islands exempt limited liability company, or Herbalife, was incorporated on April&#160;4, 2002. Herbalife Ltd. (and together with its subsidiaries, the &#8220;Company&#8221;) is a global nutrition company that sells weight management, targeted nutrition, energy, sports&#160;&amp; fitness, and outer nutrition products. As of September&#160;30, 2015, the Company sold its products to and through a network of 4.0&#160;million independent members, or Members, which included 0.3 million in China. In China, the Company sells its products through retail stores, sales representatives, sales officers and independent service providers. The Company reports revenue in six geographic regions: North America; Mexico; South and Central America; EMEA, which consists of Europe, the Middle East and Africa; Asia Pacific (excluding China); and China.</p></div>
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