$ZTS
Zoetis Inc.

2014 Q4 Form 10-Q Financial Statement

#000155528014000335 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $1.320B $1.210B $1.254B
YoY Change 5.26% 9.7% 6.63%
Cost Of Revenue $480.0M $434.0M $464.0M
YoY Change 3.45% 12.73% 7.41%
Gross Profit $840.0M $776.0M $790.0M
YoY Change 6.33% 8.08% 6.18%
Gross Profit Margin 63.64% 64.13% 63.0%
Selling, General & Admin $497.0M $394.0M $458.0M
YoY Change 8.52% -1.25% 2.92%
% of Gross Profit 59.17% 50.77% 57.97%
Research & Development $124.0M $93.00M $121.0M
YoY Change 2.48% 0.0% 0.0%
% of Gross Profit 14.76% 11.98% 15.32%
Depreciation & Amortization $53.00M $50.00M $58.00M
YoY Change -8.62% 2.04% 31.82%
% of Gross Profit 6.31% 6.44% 7.34%
Operating Expenses $637.0M $487.0M $590.0M
YoY Change 7.97% -1.02% 0.51%
Operating Profit $203.0M $289.0M $200.0M
YoY Change 1.5% 27.88% 27.39%
Interest Expense -$35.00M $29.00M -$38.00M
YoY Change -7.89% 0.0% 375.0%
% of Operating Profit -17.24% 10.03% -19.0%
Other Income/Expense, Net -$4.000M
YoY Change -166.67%
Pretax Income $155.0M $238.0M $126.0M
YoY Change 23.02% 28.65% 70.27%
Income Tax $29.00M $71.00M $22.00M
% Of Pretax Income 18.71% 29.83% 17.46%
Net Earnings $126.0M $166.0M $105.0M
YoY Change 20.0% 26.72% -1150.0%
Net Earnings / Revenue 9.55% 13.72% 8.37%
Basic Earnings Per Share $0.25 $0.33 $0.21
Diluted Earnings Per Share $0.25 $0.33 $0.21
COMMON SHARES
Basic Shares Outstanding 501.3M shares 501.5M shares 500.0M shares
Diluted Shares Outstanding 502.4M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $882.0M $598.0M $610.0M
YoY Change 44.59% 53.73% 92.43%
Cash & Equivalents $882.0M $598.0M $610.0M
Short-Term Investments
Other Short-Term Assets $205.0M $204.0M $219.0M
YoY Change -6.39% -10.53% 8.96%
Inventory $1.289B $1.388B $1.293B
Prepaid Expenses
Receivables $980.0M $1.057B $1.138B
Other Receivables $72.00M $0.00 $65.00M
Total Short-Term Assets $3.465B $3.353B $3.357B
YoY Change 3.22% 8.76% 17.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.318B $1.313B $1.295B
YoY Change 1.78% 4.87% 4.35%
Goodwill $976.0M $982.0M $982.0M
YoY Change -0.61% 0.2% -0.3%
Intangibles $727.0M $757.0M $803.0M
YoY Change -9.46% -7.12% -7.49%
Long-Term Investments
YoY Change
Other Assets $48.00M $67.00M $58.00M
YoY Change -17.24% 13.56% -34.09%
Total Long-Term Assets $3.123B $3.174B $3.201B
YoY Change -2.44% -0.06% -5.8%
TOTAL ASSETS
Total Short-Term Assets $3.465B $3.353B $3.357B
Total Long-Term Assets $3.123B $3.174B $3.201B
Total Assets $6.588B $6.527B $6.558B
YoY Change 0.46% 4.28% 4.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $290.0M $259.0M $506.0M
YoY Change -42.69% -46.27% 58.62%
Accrued Expenses $475.0M $201.0M $570.0M
YoY Change -16.67% 9.24% 193.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.00M $15.00M
YoY Change -100.0% 0.0% -79.45%
Total Short-Term Liabilities $1.086B $998.0M $1.415B
YoY Change -23.25% -23.7% 26.0%
LONG-TERM LIABILITIES
Long-Term Debt $3.624B $3.642B $3.642B
YoY Change -0.49% 0.0%
Other Long-Term Liabilities $207.0M $176.0M $168.0M
YoY Change 23.21% 32.33% 57.01%
Total Long-Term Liabilities $3.831B $3.818B $3.810B
YoY Change 0.55% 1.14% 3460.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.086B $998.0M $1.415B
Total Long-Term Liabilities $3.831B $3.818B $3.810B
Total Liabilities $5.251B $5.138B $5.596B
YoY Change -6.17% -4.73% 151.96%
SHAREHOLDERS EQUITY
Retained Earnings $709.0M $661.0M $276.0M
YoY Change 156.88% 219.32%
Common Stock $5.000M $5.000M $5.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $0.00
YoY Change
Treasury Stock Shares 14.74K shares 13.79K shares 0.000 shares
Shareholders Equity $1.311B $1.364B $940.0M
YoY Change
Total Liabilities & Shareholders Equity $6.588B $6.527B $6.558B
YoY Change 0.46% 4.28% 4.73%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income $126.0M $166.0M $105.0M
YoY Change 20.0% 26.72% -1150.0%
Depreciation, Depletion And Amortization $53.00M $50.00M $58.00M
YoY Change -8.62% 2.04% 31.82%
Cash From Operating Activities $387.0M $103.0M $298.0M
YoY Change 29.87% -9.65% -3.87%
INVESTING ACTIVITIES
Capital Expenditures -$51.00M -$42.00M -$49.00M
YoY Change 4.08% -23.64% 8.89%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00 -$2.000M
YoY Change -150.0% -100.0% 100.0%
Cash From Investing Activities -$50.00M -$42.00M -$51.00M
YoY Change -1.96% -22.22% 10.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.00M -38.00M -28.00M
YoY Change 50.0% 18.75% -64.1%
NET CHANGE
Cash From Operating Activities 387.0M 103.0M 298.0M
Cash From Investing Activities -50.00M -42.00M -51.00M
Cash From Financing Activities -42.00M -38.00M -28.00M
Net Change In Cash 295.0M 23.00M 219.0M
YoY Change 34.7% -17.86% 17.74%
FREE CASH FLOW
Cash From Operating Activities $387.0M $103.0M $298.0M
Capital Expenditures -$51.00M -$42.00M -$49.00M
Free Cash Flow $438.0M $145.0M $347.0M
YoY Change 26.22% -14.2% -2.25%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Zoetis Inc. (including its subsidiaries, collectively, Zoetis, the company, we, us or our) is a global leader in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. We organize and operate our business in </font><font style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;">four</font><font style="font-family:inherit;font-size:9pt;"> geographic regions: the United States (U.S.); Europe/Africa/Middle East (EuAfME); Canada/Latin America (CLAR); and Asia/Pacific (APAC). </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">We directly market our products in approximately </font><font style="font-family:inherit;font-size:9pt;">70</font><font style="font-family:inherit;font-size:9pt;"> countries across North America, Europe, Africa, Asia, Australia and South America, and our products are sold in more than </font><font style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;">120</font><font style="font-family:inherit;font-size:9pt;"> countries, including developed markets and emerging markets. Our revenue is mostly generated in the U.S. and EuAfME. We have a diversified business, marketing products across </font><font style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;">eight</font><font style="font-family:inherit;font-size:9pt;"> core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals); and within </font><font style="font-family:inherit;font-size:9pt;color:#000000;text-decoration:none;">five</font><font style="font-family:inherit;font-size:9pt;"> major product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.</font></div></div>
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2500000000 USD
CY2014Q3 zts Long Term Debt Maturities Repayments Of Principal In Year Six
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSix
0 USD
zts Non Cash Trasfers To Related Party
NonCashTrasfersToRelatedParty
1000000 USD
zts Non Cash Trasfers To Related Party
NonCashTrasfersToRelatedParty
2000000 USD
CY2014Q3 zts Number Of Core Animal Species Marketed
NumberOfCoreAnimalSpeciesMarketed
8 species
CY2014Q3 zts Number Of Major Product Categories
NumberOfMajorProductCategories
5 product_categories
CY2014Q3 zts Numberof Regional Segments
NumberofRegionalSegments
4 region
CY2013Q3 zts Other Comprehensive Income Pension Plan Settlement Charge
OtherComprehensiveIncomePensionPlanSettlementCharge
0 USD
CY2014Q3 zts Restructuring Charges And Acquisition Related Costs
RestructuringChargesAndAcquisitionRelatedCosts
2000000 USD
zts Restructuring Reserve Utilization And Other
RestructuringReserveUtilizationAndOther
11000000 USD
zts Stock Issued During Period Value New Issues And Reclassification Of Unit Equity
StockIssuedDuringPeriodValueNewIssuesAndReclassificationOfUnitEquity
0 USD
zts Stockholders Equity Net Transfers To Related Party
StockholdersEquityNetTransfersToRelatedParty
-271000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-28
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001555280
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
501324843 shares
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Zoetis Inc.
dei Trading Symbol
TradingSymbol
ZTS

Files In Submission

Name View Source Status
R33.htm Edgar Link pending
0001555280-14-000335-index-headers.html Edgar Link pending
0001555280-14-000335-index.html Edgar Link pending
0001555280-14-000335.txt Edgar Link pending
0001555280-14-000335-xbrl.zip Edgar Link pending
ex103offerletter-paulheren.htm Edgar Link pending
ex103offerletterpaulh_image1.jpg Edgar Link pending
ex104zoetissuppsavingsplan.htm Edgar Link pending
exhibit105zoetisequitydefe.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
zoetis-2014928x10q3q.htm Edgar Link pending
zoetis-2014928xex12.htm Edgar Link pending
zoetis-2014928xex15.htm Edgar Link pending
zoetis-2014928xex311.htm Edgar Link pending
zoetis-2014928xex312.htm Edgar Link pending
zoetis-2014928xex321.htm Edgar Link pending
zoetis-2014928xex322.htm Edgar Link pending
zoetis2014928-ex31.htm Edgar Link pending
zts-20140928.xml Edgar Link completed
zts-20140928.xsd Edgar Link pending
zts-20140928_cal.xml Edgar Link unprocessable
zts-20140928_def.xml Edgar Link unprocessable
zts-20140928_lab.xml Edgar Link unprocessable
zts-20140928_pre.xml Edgar Link unprocessable