Coty Financials

$2 B

Revenue Q3, 2017

$16.1 B

Mkt cap, 16-Feb-2018
Gross profit (Q3, 2017)1.2 B
Gross profit margin (Q3, 2017), %60%
Net income (Q3, 2017)(159.4 M)
EBIT (Q3, 2017)(192.5 M)
Cash, 31-Mar-2017767 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

4.6 b4.4 b4.3 b

Revenue growth, %

(3%)(1%)

Cost of goods sold

1.9 b1.8 b1.7 b

Gross profit

2.7 b2.6 b2.6 b

Gross profit Margin, %

59%60%60%

General and administrative expense

2 b

Operating expense total

2 b

EBIT

25.7 m395.1 m254.2 m

EBIT margin, %

1%9%6%

Interest expense

68.5 m73 m81.9 m

Pre tax profit

(44.1 m)233.3 m138.8 m

Income tax expense

20.1 m(26.1 m)(40.4 m)

Net Income

(64.2 m)259.4 m179.2 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

1.2 b1.3 b1 b1.2 b1.3 b933.8 m1.1 b1.2 b950.7 m1.1 b2.3 b2 b

Cost of goods sold

472 m549.3 m395.6 m482.2 m508.9 m351.8 m443.7 m467.7 m369 m444.8 m892.3 m816.1 m

Gross profit

706.2 m773.9 m613.1 m700.1 m750.7 m582 m668.6 m742.8 m581.7 m635.4 m1.4 b1.2 b

Gross profit Margin, %

60%58%61%59%60%62%60%61%61%59%61%60%

General and administrative expense

516.4 m603 m543.2 m520.6 m536.5 m445.3 m484.3 m515.4 m494.2 m478.9 m1.2 b1.1 b

Operating expense total

516.4 m603 m543.2 m520.6 m536.5 m445.3 m484.3 m515.4 m494.2 m478.9 m1.2 b1.1 b

EBIT

165.6 m143.5 m(272 m)120.1 m183.7 m114.7 m81.7 m152.4 m23 m46.4 m(12.7 m)(192.5 m)

EBIT margin, %

14%11%(27%)10%15%12%7%13%2%4%(1%)(9%)

Interest expense

17.4 m16.7 m17.3 m19.6 m19.1 m17.6 m16 m14.6 m25.1 m40.4 m57.9 m60.8 m

Pre tax profit

148.4 m126.8 m(287.2 m)11.7 m164.3 m97.6 m66 m110.6 m(8.7 m)4.7 m(70 m)(252.8 m)

Income tax expense

46.2 m33.7 m(40.5 m)(5 m)29.4 m15.4 m(67.1 m)13 m11.6 m(5.1 m)(122.1 m)(93.4 m)

Net Income

102.2 m93.1 m(246.7 m)16.7 m134.9 m82.2 m133.1 m97.6 m(20.3 m)9.8 m52.1 m(159.4 m)

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

1.2 b341.3 m372.4 m

Inventories

617.4 m557.8 m565.8 m

Current Assets

2.8 b1.9 b1.9 b

PP&E

540.3 m500.2 m638.6 m

Goodwill

1.3 b1.5 b2.2 b

Total Assets

6.6 b6 b7.1 b

Accounts Payable

810.2 m748.4 m921.4 m

Current Liabilities

1.6 b1.5 b1.9 b

Long-term debt

3.3 b2.6 b4 b

Total Debt

4 b

Total Liabilities

6.7 b

Additional Paid-in Capital

1.9 b2 b2 b

Retained Earnings

(426.4 m)(193.9 m)(37 m)

Total Equity

854.4 m984.7 m367.1 m

Debt to Equity Ratio

10.9 x

Debt to Assets Ratio

0.6 x

Financial Leverage

7.7 x6.1 x19.3 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

946.8 m1.2 b1.1 b1 b1.2 b1.1 b416 m482.7 m366.6 m378 m939.2 m767 m

Inventories

664.7 m559.9 m588.9 m638.7 m526.7 m513.4 m585.9 m505.9 m579.1 m616.7 m1 b1 b

Current Assets

2.6 b2.7 b2.7 b2.7 b2.7 b2.5 b2 b1.9 b1.9 b2.1 b3.9 b3.7 b

PP&E

513.2 m529.5 m526.9 m518.6 m500.5 m473.6 m483.6 m486.9 m605.7 m665.7 m1.4 b1.6 b

Goodwill

1.6 b1.6 b1.3 b1.3 b1.3 b1.3 b1.5 b1.5 b2.1 b2.2 b7.4 b8.1 b

Total Assets

6.7 b6.9 b6.5 b6.4 b6.4 b6.1 b6.2 b6.5 b7 b7.2 b21.9 b22.8 b

Accounts Payable

753 m748.1 m717.2 m793.2 m700 m607.9 m773.1 m781.4 m796.8 m964.6 m1.4 b1.5 b

Current Liabilities

1.6 b1.7 b1.5 b2.3 b2.2 b1.3 b1.7 b1.7 b1.7 b1.9 b3.1 b3.3 b

Long-term debt

2.6 b2.6 b2.7 b2.6 b2.7 b3.6 b2.8 b

Total Debt

2.6 b2.6 b2.7 b2.6 b2.7 b3.6 b2.8 b

Total Liabilities

5 b5.1 b5 b5.6 b5.6 b5.5 b5.2 b6 b6.5 b6.9 b12 b12.6 b

Additional Paid-in Capital

1.9 b1.9 b1.9 b1.8 b1.9 b1.9 b2 b2 b2 b2 b11.5 b11.4 b

Retained Earnings

(235.5 m)(153 m)(406.3 m)(415.8 m)(290.4 m)(214.9 m)(68.2 m)(6 m)(37 m)9.8 m(154.4 m)

Total Equity

1.6 b1.7 b1.4 b700.2 m664.2 m528.4 m893.3 m419.4 m455 m266.1 m9.8 b9.6 b

Financial Leverage

4.2 x4 x4.6 x9.2 x9.6 x11.6 x6.9 x15.5 x15.4 x27 x2.2 x2.4 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

(64.2 m)259.4 m179.2 m

Depreciation and Amortization

85.7 m74.7 m79.5 m

Inventories

29.4 m27.2 m

Accounts Payable

7 m148.2 m

Cash From Operating Activities

317.6 m526.3 m501.4 m

Capital Expenditures

(170.9 m)(150.1 m)

Cash From Investing Activities

(171.2 m)(1.1 b)

Cash From Financing Activities

(1.1 b)592.6 m

Interest Paid

64.7 m90.3 m

Free Cash Flow

697.2 m351.3 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

102.2 m93.1 m(246.7 m)16.7 m134.9 m82.2 m16.7 m151.6 m233.8 m130.1 m224.4 m200 m

Depreciation and Amortization

18.9 m18.5 m18.1 m19.2 m18.9 m20.9 m21.2 m95.2 m102.6 m

Inventories

585.9 m505.9 m579.1 m616.7 m1 b1 b

Accounts Payable

773.1 m781.4 m796.8 m964.6 m1.4 b1.5 b

Ratios

USDY, 2017

Revenue/Employee

202 k

Financial Leverage

2.4 x