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Clorox - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Clorox (ISIN: US1890541097, WKN: 856678) Kursdatum: 21.07.2017 Kurs: 132,240 USD
Beschreibung Daten
Symbol CLX
Marktkapitalisierung 17.418.256.384,00 USD
Land Vereinigte Staaten von Amerika
Indizes S&P 500
Sektor Einzelhandel
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 1999-08-24 - 2:1 | 1997-09-03 - 2:1 |
Internet
Letztes Bilanz Update 16.08.2016

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
28,74 22,39 2,35% 14,34 6,57 26,88 3,02 58,65

Firmenbeschreibung

NOTE 22. UNAUDITED QUARTERLY DATA Dollars in millions, except market price and per share data   Quarters Ended     September 30   December 31   March 31   June 30   Total Year Fiscal year ended June 30, 2016                                     Net sales   $           1,390     $          1,345     $      1,426   $      1,600   $      5,761   Cost of products sold     765       745       780     873     3,163   Earnings from continuing operations     173       151       159     165     648   (Losses) earnings from discontinued operations,                                            net of tax     (1 )     (2 )     3     -     -   Net earnings     172       149       162     165     648   Per common share:                                            Basic                                                   Continuing operations   $ 1.34     $ 1.16     $ 1.23   $ 1.28   $ 5.01                 Discontinued operations     (0.01 )     (0.01 )     0.02     -     -                 Basic net earnings per share   $ 1.33     $ 1.15     $ 1.25   $ 1.28   $ 5.01          Diluted                                                   Continuing operations   $ 1.32     $ 1.14     $ 1.21   $ 1.26   $ 4.92                 Discontinued operations     (0.01 )     (0.01 )     0.02     -     -                 Diluted net earnings per share   $ 1.31     $ 1.13     $ 1.23   $ 1.26   $ 4.92   Dividends declared per common share   $ 0.77     $ 0.77     $ 0.77   $ 0.80   $ 3.11   Market price (NYSE)                                            High   $ 119.75     $ 131.78       132.19   $ 138.41   $ 138.41          Low     104.26       114.06       122.40     119.23     104.26          Year-end                                 138.39   Fiscal year ended June 30, 2015                                     Net sales   $ 1,352     $ 1,345     $ 1,401   $ 1,557   $ 5,655   Cost of products sold     774       773       796     847     3,190   Earnings from continuing operations     145       128       144     189     606   Losses from discontinued operations,                                            net of tax     (55 )     (3 )     30     2     (26 ) Net earnings     90       125       174     191     580   Per common share:                                            Basic                                                   Continuing operations   $ 1.12     $ 0.98     $ 1.09   $ 1.46   $ 4.65                 Discontinued operations     (0.42 )     (0.02 )     0.22     0.02     (0.20 )               Basic net earnings per share   $ 0.70     $ 0.96     $ 1.31   $ 1.48   $ 4.45          Diluted                                                   Continuing operations  

Firmenstrategie

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Revenue Recognition

Sales are recognized as revenue when the risk of loss andtitle pass to the customer and when all of the following have occurred: a firm sales arrangement exists, pricing is fixed or determinableand collection is reasonably assured. Sales are recorded net of allowances for trade promotions, coupons, returns and other discounts.The Company routinely commits to one-time or ongoing trade-promotion programs with customers and consumer coupon programs thatrequire the Company to estimate and accrue the expected costs of such programs. Programs include shelf price reductions, end-of-aisleor in-store displays of the Company’s products and graphics and other trade-promotion activities conducted by the customer.Coupons are recognized as a liability when distributed based upon expected consumer redemptions. The Company maintains liabilitiesrelated to these programs for the estimated expenses incurred, but not paid, at the end of each period. Trade-promotion and couponredemption costs are recorded as a reduction of sales.

The Company provides an allowance for doubtful accounts basedon its historical experience and ongoing assessment of its customers’ credit risk. Receivables were presented net of an allowancefor doubtful accounts of $5 and $4 as of June 30, 2016 and 2015, respectively. Receivables, net, included non-customer receivablesof $9 and $12 as of June 30, 2016 and 2015, respectively.

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NOTE 20. SEGMENT REPORTING

The Company operates through strategic business units thatare aggregated into the following four reportable segments based on the economics and nature of the products sold:

Cleaning consists of laundry, home care and professional products marketed and sold in the United States. Products within this segment include laundry additives, including bleach products under the Clorox® brand and Clorox 2® stain fighter and color booster; home care products, primarily under the Clorox®, Formula 409®, Liquid-Plumr®, Pine-Sol®, S.O.S® and Tilex® brands; naturally derived products under the Green Works® brand; and professional cleaning and disinfecting products under the Clorox®, Dispatch®, Aplicare®, HealthLink® and Clorox Healthcare® brands.
Household consists of charcoal, cat litter, digestive health products and bags, wraps and container products marketed and sold in the United States. Products within this segment include charcoal products under the Kingsford® and Match Light® brands; cat litter products under the Fresh Step®, Scoop Away® and Ever Clean® brands; digestive health products under the Renew Life® brand; and bags, wraps and containers under the Glad® brand.
Lifestyle consists of food products, water-filtration systems and filters and natural personal care products marketed and sold in the United States. Products within this segment include dressings and sauces, primarily under the Hidden Valley®, KC Masterpiece® and Soy Vay® brands; water-filtration systems and filters under the Brita® brand; and natural personal care products under the Burt’s Bees® brand.
International consists of products sold outside the United States. Products within this segment include laundry, home care, water-filtration, digestive health products, charcoal and cat litter products, dressings and sauces, bags, wraps and containers and natural personal care products, primarily under the Clorox®, Glad®, PinoLuz®, Ayudin®, Limpido®, Clorinda®, Poett®, Mistolin®, Lestoil®, Bon Bril®, Brita®, Green Works®, Pine-Sol®, Agua Jane®, Chux®, Renew Life®, Kingsford®, Fresh Step®, Scoop Away®, Ever Clean®, KC Masterpiece®, Hidden Valley® and Burt’s Bees® brands.

Certain non-allocated administrative costs, interest income,interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets include cashand cash equivalents, property and equipment, other investments and deferred taxes.

    Fiscal
Year
  Cleaning   Household   Lifestyle   International   Corporate   Total
Company
Net sales   2016   $     1,912   $     1,862   $     990   $     997   $           $     5,761
    2015     1,824     1,794     950     1,087     -       5,655
    2014     1,776     1,709     936     1,093     -       5,514
 
Earnings (losses) from continuing                                          
       operations before income taxes   2016     511     428     251     66     (273 )     983
    2015     445     375     257     79     (235 )     921
    2014     428     326     258     99     (227 )     884
 
Income from equity investees   2016     -     -     -     15     -       15
    2015     -     -     -     14     -       14
    2014     -     -     -     13     -       13
 
Total assets   2016     883     1,092     880     1,057     606       4,518
    2015     876     725     860     1,057     646       4,164
 
Capital expenditures   2016     44     83     18     24     3       172
    2015     35     50     11     25     4       125
    2014     37     53     11     31     5       137
 
Depreciation and amortization   2016     61     60     19     21     4       165
    2015     52     67     19     24     7       169
    2014     49     67     19     25     17       177
 
Significant noncash charges included                                          
       in earnings (losses) from continuing                                          
       operations before income taxes:                                          
              Share-based compensation   2016     10     8     5     1     21       45
    2015     8     7     4     1     12       32
    2014     11     9     5     1     10       36

All intersegment sales are eliminated and are not includedin the Company’s reportable segments’ net sales.

Net sales to the Company’s largest customer, WalmartStores, Inc. and its affiliates, were 27%, 26% and 27% of consolidated net sales for each of the fiscal years ended June 30, 2016,2015 and 2014, respectively, and occurred in each of the Company’s reportable segments. No other customers accounted for morethan 10% of consolidated net sales in any of these fiscal years. During fiscal years 2016, 2015 and 2014, the Company’s fivelargest customers accounted for 46%, 45%, and 45% of its consolidated net sales for each of the three fiscal years, respectively.

Three of the Company’s product lines have accountedfor 10% or more of consolidated net sales during each of the past three fiscal years. In fiscal years 2016, 2015 and 2014, salesof liquid bleach represented approximately 13%, 14% and 13% of the Company’s consolidated net sales, respectively, approximately25%, 26%, and 26% of net sales in the Cleaning segment for each such years, respectively, and approximately 27%, 27% and 28% ofnet sales in the International segment, respectively. Sales of trash bags represented approximately 13%, 14% and 13% of the Company’sconsolidated net sales in each of the fiscal years 2016, 2015 and 2014, respectively, and approximately 37%, 38% and 36% of netsales in the Household segment, respectively, for each such years. Sales of charcoal represented approximately 11% of the Company’sconsolidated net sales and approximately 34% of net sales in the Household segment in fiscal years 2016, 2015 and 2014.

Net sales and property, plant and equipment, net, by geographicarea as of and for the fiscal years ended June 30 were as follows:

  Fiscal
Year
  United
States
  Foreign   Total
Company
Net sales 2016   $      4,805   $      956   $      5,761
  2015     4,609     1,046     5,655
  2014     4,466     1,048     5,514
Property, plant and equipment, net 2016   $ 799   $ 107   $ 906
  2015     801     117     918

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NOTE 15. NET EARNINGS PER SHARE (EPS)

The following is the reconciliation ofthe weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate dilutednet EPS for the fiscal years ended June 30:

  2016   2015   2014
Basic 129,472   130,310   129,558
Dilutive effect of stock options and other 2,245   2,466   2,184
Diluted 131,717   132,776   131,742
 
Antidilutive stock options and other 42   23   -