Attached files
file | filename |
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8-K - CURRENT REPORT - CLOROX CO /DE/ | clorox_8k.htm |
EX-99.2 - SUPPLEMENTAL INFORMATION REGARDING FINANCIAL RESULTS - CLOROX CO /DE/ | exhibit99-2.htm |
EX-99.1 - PRESS RELEASE DATED OCTOBER 31, 2014 OF THE CLOROX COMPANY - CLOROX CO /DE/ | exhibit99-1.htm |
The Clorox Company |
Supplemental unaudited quarterly results from continuing operations by reportable segments for fiscal year 2014 (Adjusted to reflect Clorox Venezuela reclassified to discontinued operations)
Fiscal Year 2014 |
Net Sales | ||||||||||||||||||||||||||||||
($ millions) | Q1 | Q2 | Q3 | Q4 | Fiscal Year | |||||||||||||||||||||||||
As | As | As | As | As | ||||||||||||||||||||||||||
Segment | Reported | Adjusted | Reported | Adjusted | Reported | Adjusted | Reported | Adjusted | Reported | Adjusted | ||||||||||||||||||||
Cleaning | $ | 479 | $ | 479 | $ | 432 | $ | 432 | $ | 437 | $ | 437 | $ | 428 | $ | 428 | $ | 1,776 | $ | 1,776 | ||||||||||
Household | 372 | 372 | 352 | 352 | 428 | 428 | 557 | 557 | 1,709 | 1,709 | ||||||||||||||||||||
Lifestyle | 218 | 218 | 237 | 237 | 237 | 237 | 244 | 244 | 936 | 936 | ||||||||||||||||||||
International | 295 | 274 | 309 | 287 | 284 | 264 | 282 | 268 | 1,170 | 1,093 | ||||||||||||||||||||
Total Company | $ | 1,364 | $ | 1,343 | $ | 1,330 | $ | 1,308 | $ | 1,386 | $ | 1,366 | $ | 1,511 | $ | 1,497 | $ | 5,591 | $ | 5,514 |
Earnings (Losses) from Continuing Operations before Income Taxes | ||||||||||||||||||||||||||||||||||||||||
($ millions) | Q1 | Q2 | Q3 | Q4 | Fiscal Year | |||||||||||||||||||||||||||||||||||
As | As | As | As | As | ||||||||||||||||||||||||||||||||||||
Segment | Reported | Adjusted | Reported | Adjusted | Reported | Adjusted | Reported | Adjusted | Reported | Adjusted | ||||||||||||||||||||||||||||||
Cleaning | $ | 131 | $ | 131 | $ | 101 | $ | 101 | $ | 93 | $ | 93 | $ | 103 | $ | 103 | $ | 428 | $ | 428 | ||||||||||||||||||||
Household | 52 | 52 | 41 | 41 | 76 | 76 | 157 | 157 | 326 | 326 | ||||||||||||||||||||||||||||||
Lifestyle | 53 | 53 | 69 | 69 | 67 | 67 | 69 | 69 | 258 | 258 | ||||||||||||||||||||||||||||||
International | 28 | 31 | 30 | 33 | 11 | 23 | 7 | 12 | 76 | 99 | ||||||||||||||||||||||||||||||
Corporate | (56 | ) | (56 | ) | (60 | ) | (60 | ) | (33 | ) | (33 | ) | (78 | ) | (78 | ) | (227 | ) | (227 | ) | ||||||||||||||||||||
Total Company | $ | 208 | $ | 211 | $ | 181 | $ | 184 | $ | 214 | $ | 226 | $ | 258 | $ | 263 | $ | 861 | $ | 884 |
The Clorox Company |
Schedule of Unaudited
Quarterly and Fiscal Year 2014 Condensed Consolidated Data
(Adjusted to
reflect Clorox Venezuela results in discontinued operations)
Dollars in
millions, except per share amounts
Three Months Ended (Unaudited) | Twelve Months Ended | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2013 | March 31, 2014 | June 30, 2014 | June 30, 2014 | ||||||||||||||||||||||||||||||||||||
As Reported | Adjusted | As Reported | Adjusted | As Reported | Adjusted | As Reported | Adjusted | As Reported | Adjusted (Unaudited) | |||||||||||||||||||||||||||||||
Net sales | $ | 1,364 | $ | 1,343 | $ | 1,330 | $ | 1,308 | $ | 1,386 | $ | 1,366 | $ | 1,511 | $ | 1,497 | $ | 5,591 | $ | 5,514 | ||||||||||||||||||||
Cost of products sold | 779 | 759 | 773 | 753 | 807 | 791 | 872 | 855 | 3,231 | 3,158 | ||||||||||||||||||||||||||||||
Gross profit | 585 | 584 | 557 | 555 | 579 | 575 | 639 | 642 | 2,360 | 2,356 | ||||||||||||||||||||||||||||||
Selling and administrative expenses | 198 | 194 | 200 | 196 | 182 | 178 | 185 | 183 | 765 | 751 | ||||||||||||||||||||||||||||||
Advertising costs | 120 | 120 | 123 | 122 | 120 | 120 | 141 | 141 | 504 | 503 | ||||||||||||||||||||||||||||||
Research and development costs | 31 | 31 | 31 | 31 | 28 | 28 | 35 | 35 | 125 | 125 | ||||||||||||||||||||||||||||||
Interest expense | 26 | 26 | 26 | 26 | 25 | 25 | 26 | 26 | 103 | 103 | ||||||||||||||||||||||||||||||
Other expense (income), net | 2 | 2 | (4 | ) | (4 | ) | 10 | (2 | ) | (6 | ) | (6 | ) | 2 | (10 | ) | ||||||||||||||||||||||||
Earnings from continuing operations before income taxes | 208 | 211 | 181 | 184 | 214 | 226 | 258 | 263 | 861 | 884 | ||||||||||||||||||||||||||||||
Income taxes on continuing operations | 71 | 72 | 65 | 66 | 75 | 75 | 88 | 92 | 299 | 305 | ||||||||||||||||||||||||||||||
Earnings from continuing operations | 137 | 139 | 116 | 118 | 139 | 151 | 170 | 171 | 562 | 579 | ||||||||||||||||||||||||||||||
Losses from discontinued operations, net of tax | (1 | ) | (3 | ) | (1 | ) | (3 | ) | (2 | ) | (14 | ) | - | (1 | ) | (4 | ) | (21 | ) | |||||||||||||||||||||
Net earnings | $ | 136 | $ | 136 | $ | 115 | $ | 115 | $ | 137 | $ | 137 | $ | 170 | $ | 170 | $ | 558 | $ | 558 | ||||||||||||||||||||
Net earnings (losses) per share | ||||||||||||||||||||||||||||||||||||||||
Diluted | ||||||||||||||||||||||||||||||||||||||||
Continuing operations | $ | 1.04 | $ | 1.05 | $ | 0.88 | $ | 0.90 | $ | 1.05 | $ | 1.14 | $ | 1.30 | $ | 1.30 | $ | 4.26 | $ | 4.39 | ||||||||||||||||||||
Discontinued operations | (0.01 | ) | (0.02 | ) | (0.01 | ) | (0.03 | ) | (0.01 | ) | (0.10 | ) | (0.01 | ) | (0.01 | ) | (0.03 | ) | (0.16 | ) | ||||||||||||||||||||
Diluted net earnings per share | $ | 1.03 | $ | 1.03 | $ | 0.87 | $ | 0.87 | $ | 1.04 | $ | 1.04 | $ | 1.29 | $ | 1.29 | $ | 4.23 | $ | 4.23 | ||||||||||||||||||||
Weighted average shares outstanding (in thousands) | ||||||||||||||||||||||||||||||||||||||||
Basic | x130,074 | 130,074 | 129,836 | 129,836 | 129,318 | 129,318 | 129,005 | 129,005 | 129,558 | 129,558 | ||||||||||||||||||||||||||||||
Diluted | 132,237 | 132,237 | 132,278 | 132,278 | 131,555 | 131,555 | 131,225 | 131,225 | 131,742 | 131,742 |