Colgate Palmolive : Three Months Ended March 31, 2021 and 2020
April 30, 2021 at 04:06 pm
Share
Table 6
Colgate-Palmolive Company
Non-GAAP Reconciliations
For the Three Months Ended March 31, 2021 and 2020
(Dollars in Millions Except Per Share Amounts) (Unaudited)
Gross Profit
2021
2020
Gross profit, GAAP
$
2,637
$
2,465
Acquisition-related costs
-
4
Gross profit, non-GAAP
$
2,637
$
2,469
Basis Point
Gross Profit Margin
2021
2020
Change
Gross profit margin, GAAP
60.7 %
60.2 %
50
Acquisition-related costs
- %
0.1 %
Gross profit margin, non-GAAP
60.7 %
60.3 %
40
Other (Income) Expense, Net
2021
2020
Other (income) expense, net, GAAP
$
28
$
40
Acquisition-related costs
-
(2)
Other (income) expense, net, non-GAAP
$
28
$
38
Operating Profit
2021
2020
% Change
Operating profit, GAAP
$
1,004
$
952
5 %
Acquisition-related costs
-
6
Operating profit, non-GAAP
$
1,004
$
958
5 %
Basis Point
Operating Profit Margin
2021
2020
Change
Operating profit margin, GAAP
23.1 %
23.2 %
(10)
Acquisition-related costs
- %
0.2 %
Operating profit margin, non-GAAP
23.1 %
23.4 %
(30)
2020
Net Income
Net Income
Attributable To
Income Before
Provision For
Including
Colgate-
Effective Income
Diluted Earnings
Noncontrolling
Palmolive
Income Taxes
Income Taxes(1)
Interests
Company
Tax Rate(2)
Per Share
As Reported GAAP
$
895
$
147
$
748
$
715
16.4 %
$
0.83
Subsidiary and operating
structure initiatives
-
71
(71)
(71)
7.9 %
(0.08)
Acquisition-related costs
6
2
4
4
0.1 %
-
Non-GAAP
$
901
$
220
$
681
$
648
24.4 %
$
0.75
The impact of non-GAAP adjustments may not necessarily equal the difference between "GAAP" and "non-GAAP" as a result of rounding.
Notes:
The income tax effect on non-GAAP items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
The impact of non-GAAP items on the Company's effective tax rate represents the difference in the effective tax rate calculated with and without the non- GAAP adjustment on Income before income taxes and Provision for income taxes.
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Colgate-Palmolive Company published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 15:05:12 UTC.
Colgate-Palmolive Company is one of the worldwide leaders in the manufacturing and marketing of cleaning and hygiene products. The group also products and sells pet food (dogs and cats). Net sales break down by family of products as follows:
- hygiene and cleaning products (78%): oral hygiene (toothpaste, toothbrushes, mouthwashes, etc.; Colgate brand), body care (soaps, shower gels, shampoos, conditioners, deodorants, shaving products, etc.; Palmolive, Speed Stick, Softsoap, etc.), household care, and linen care (dishwashing liquids, detergents, stain removers, fabric softeners, bleach, etc.; Palmolive, Ajax, Soupline, Suavitel, etc.). Net sales are distributed geographically as follows: North America (25.9%), Latin America (30.6%), Asia-Pacific (18.3%), Europe (18.1%), Africa and Eurasia (7.1%);
- cat and dog foods (22%; Hill's): world leader.