Clorox - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht
|Land||Vereinigte Staaten von Amerika|
|Rohdaten nach||US GAAP in Millionen USD|
|Aktiensplits||1999-08-24 - 2:1 | 1997-09-03 - 2:1 ||
|Letztes Bilanz Update||16.08.2016|
|Fundamental Verhältnisse errechnet am: 21.07.2017|
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
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 Companys 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.
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 Burts 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 Burts 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.
|Earnings (losses) from continuing|
|operations before income taxes||2016||511||428||251||66||(273||)||983|
|Income from equity investees||2016||-||-||-||15||-||15|
|Depreciation and amortization||2016||61||60||19||21||4||165|
|Significant noncash charges included|
|in earnings (losses) from continuing|
|operations before income taxes:|
All intersegment sales are eliminated and are not includedin the Companys reportable segments net sales.
Net sales to the Companys 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 Companys 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 Companys fivelargest customers accounted for 46%, 45%, and 45% of its consolidated net sales for each of the three fiscal years, respectively.
Three of the Companys 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 Companys 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 Companysconsolidated 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 Companysconsolidated 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:
|Property, plant and equipment, net||2016||$||799||$||107||$||906|
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:
|Dilutive effect of stock options and other||2,245||2,466||2,184|
|Antidilutive stock options and other||42||23||-|