Income Statement Whirlpool Corporation

Equities

WHR

US9633201069

Appliances, Tools & Housewares

Real-time Estimate Cboe BZX Other stock markets 10:13:26 20/09/2024 pm IST			5-day change	1st Jan Change
103.18 ^USD	-0.18%		+4.29%	-15.56%

04/09	Whirlpool Corporation Presents at Goldman Sachs 31st Annual Global Retailing Conference, Sep-04-2024 01:50 PM
20/08	Whirlpool Keeps Quarterly Dividend of $1.75 a Share, Payable Sept. 15 to Shareholders as of Aug. 30	MT

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Published financial data: WHIRLPOOL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.04TCr	1.95TCr	2.2TCr	1.97TCr	1.95TCr
Total Revenues	2.04TCr	1.95TCr	2.2TCr	1.97TCr	1.95TCr
Cost of Goods Sold, Total	1.69TCr	1.56TCr	1.76TCr	1.67TCr	1.63TCr
Gross Profit	353.3Cr	385Cr	440.9Cr	307.3Cr	317Cr
Selling General & Admin Expenses, Total	214.7Cr	189.4Cr	203.4Cr	172.5Cr	198Cr
Amortization of Goodwill and Intangible Assets - (IS)	6.9Cr	6.2Cr	4.7Cr	3.5Cr	4Cr
Other Operating Expenses, Total	221.6Cr	195.6Cr	208.1Cr	176Cr	202Cr
Operating Income	131.7Cr	189.4Cr	232.8Cr	131.3Cr	115Cr
Interest Expense, Total	-19Cr	-19Cr	-18Cr	-19Cr	-35Cr
Interest And Investment Income	-	18Cr	-	-	1.8Cr
Net Interest Expenses	-19Cr	-70L	-18Cr	-19Cr	-33Cr
Income (Loss) On Equity Invest.	-	-	-80L	-1.9Cr	-2.8Cr
Currency Exchange Gains (Loss)	13Cr	-14Cr	26Cr	5.6Cr	-80L
Other Non Operating Income (Expenses)	10Cr	-	-19Cr	-8.8Cr	-
EBT, Excl. Unusual Items	136.2Cr	174.3Cr	221.5Cr	107.2Cr	78Cr
Restructuring Charges	-19Cr	-29Cr	-3.8Cr	-2.1Cr	-1.6Cr
Merger & Related Restructuring Charges	-	-	-	-4.4Cr	-
Impairment of Goodwill	-	-	-	-28Cr	-
Gain (Loss) On Sale Of Investments	-	-	4.2Cr	-	-
Gain (Loss) On Sale Of Assets	44Cr	70L	10Cr	-186.9Cr	-11Cr
Asset Writedown	-	-70L	-	-11Cr	-
Legal Settlements	-	-	-	-	-9.4Cr
Other Unusual Items	-5.9Cr	-	-	-	-
EBT, Incl. Unusual Items	155.2Cr	145.5Cr	232.4Cr	-124.6Cr	56Cr
Income Tax Expense	35Cr	38Cr	52Cr	26Cr	7.7Cr
Earnings From Continuing Operations	119.8Cr	107.1Cr	180.6Cr	-151.1Cr	49Cr
Net Income to Company	119.8Cr	107.1Cr	180.6Cr	-151.1Cr	49Cr
Minority Interest	-1.4Cr	1Cr	-2.3Cr	-80L	-70L
Net Income - (IS)	118.4Cr	108.1Cr	178.3Cr	-151.9Cr	48Cr
Net Income to Common Incl Extra Items	118.4Cr	108.1Cr	178.3Cr	-151.9Cr	48Cr
Net Income to Common Excl. Extra Items	118.4Cr	108.1Cr	178.3Cr	-151.9Cr	48Cr
Per Share Items
Net EPS - Basic	18.59	17.24	28.71	-27.17	8.75
Basic EPS - Continuing Operations	18.59	17.24	28.71	-27.17	8.75
Basic Weighted Average Shares Outstanding	6.37Cr	6.27Cr	6.21Cr	5.59Cr	5.5Cr
Net EPS - Diluted	18.45	17.07	28.36	-27.18	8.72
Diluted EPS - Continuing Operations	18.45	17.07	28.36	-27.18	8.72
Diluted Weighted Average Shares Outstanding	6.42Cr	6.33Cr	6.29Cr	5.59Cr	5.52Cr
Normalized Basic EPS	13.14	17.53	21.92	11.84	8.75
Normalized Diluted EPS	13.04	17.36	21.64	11.84	8.72
Dividend Per Share	4.75	4.85	5.45	7	7
Payout Ratio	25.76	28.77	18.96	-25.67	79.83
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	190.4Cr	246.2Cr	282.2Cr	178.8Cr	147.7Cr
EBITA	138.6Cr	195.6Cr	237.5Cr	134.8Cr	119Cr
EBIT	131.7Cr	189.4Cr	232.8Cr	131.3Cr	115Cr
EBITDAR	211.8Cr	269.8Cr	305.6Cr	200.6Cr	171.2Cr
Effective Tax Rate - (Ratio)	22.81	26.39	22.29	-21.27	13.63
Current Domestic Taxes	24Cr	13Cr	21Cr	-4.9Cr	-3Cr
Current Foreign Taxes	43Cr	18Cr	18Cr	18Cr	20Cr
Total Current Taxes	68Cr	31Cr	40Cr	13Cr	17Cr
Deferred Domestic Taxes	8.3Cr	9.4Cr	25Cr	4.9Cr	-24Cr
Deferred Foreign Taxes	-41Cr	-2.4Cr	-13Cr	8.5Cr	16Cr
Total Deferred Taxes	-32Cr	7Cr	12Cr	13Cr	-9Cr
Normalized Net Income	84Cr	109.94Cr	136.14Cr	66Cr	48Cr
Non-Cash Pension Expense	40L	4Cr	-60L	-1Cr	2.2Cr
Supplemental Operating Expense Items
Advertising Expense	34Cr	27Cr	34Cr	33Cr	39Cr
Research And Development Expense From Footnotes	54Cr	46Cr	48Cr	46Cr	47Cr
Net Rental Expense, Total	21Cr	24Cr	23Cr	22Cr	24Cr
Imputed Operating Lease Interest Expense	5.35Cr	5.87Cr	5.28Cr	4.6Cr	8.15Cr
Imputed Operating Lease Depreciation	16Cr	18Cr	18Cr	17Cr	15Cr
Stock-Based Comp., SG&A Exp. (Total)	-	6.7Cr	8.2Cr	5.8Cr	3.3Cr
Stock-Based Comp., Other (Total)	5Cr	-	-	-	-
Total Stock-Based Compensation	5Cr	6.7Cr	8.2Cr	5.8Cr	3.3Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	195.2Cr	292.4Cr	304.4Cr	195.8Cr	157Cr
Total Cash And Short Term Investments	195.2Cr	292.4Cr	304.4Cr	195.8Cr	157Cr
Accounts Receivable, Total	219.8Cr	310.9Cr	310Cr	155.5Cr	152.9Cr
Total Receivables	219.8Cr	310.9Cr	310Cr	155.5Cr	152.9Cr
Inventory	243.8Cr	218.7Cr	271.7Cr	208.9Cr	224.7Cr
Prepaid Expenses	81Cr	68Cr	66Cr	61Cr	70Cr
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	1Cr	-	-	-
Other Current Assets, Total	-	10Cr	17Cr	18Cr	17Cr
Total Current Assets	739.8Cr	901.5Cr	969.5Cr	639.4Cr	620.7Cr
Gross Property Plant And Equipment	1.07TCr	1.1TCr	1.04TCr	760.1Cr	821.4Cr
Accumulated Depreciation	-644.4Cr	-678Cr	-661.9Cr	-480.8Cr	-525.9Cr
Net Property Plant And Equipment	422.2Cr	418.8Cr	375.1Cr	279.3Cr	295.5Cr
Long-term Investments	-	-	21Cr	20Cr	19Cr
Goodwill	244Cr	249.6Cr	248.5Cr	331.4Cr	333Cr
Other Intangibles, Total	222.5Cr	219.4Cr	198.1Cr	316.4Cr	312.4Cr
Deferred Tax Assets Long-Term	223.8Cr	221.7Cr	192Cr	106.3Cr	131.7Cr
Other Long-Term Assets, Total	36Cr	24Cr	25Cr	20Cr	19Cr
Total Assets	1.89TCr	2.04TCr	2.03TCr	1.71TCr	1.73TCr
Liabilities
Accounts Payable, Total	454.7Cr	483.4Cr	541.3Cr	337.6Cr	359.8Cr
Accrued Expenses, Total	205.1Cr	211.6Cr	203.9Cr	126.3Cr	133.2Cr
Short-term Borrowings	29Cr	1.2Cr	1Cr	40L	1.7Cr
Current Portion of Long-Term Debt	56Cr	30Cr	30Cr	25Cr	80Cr
Current Portion of Leases	17Cr	17Cr	18Cr	17Cr	16Cr
Other Current Liabilities	75Cr	90Cr	57Cr	87Cr	104.1Cr
Total Current Liabilities	836.9Cr	833Cr	851Cr	593.1Cr	694.8Cr
Long-Term Debt	414Cr	505.9Cr	492.9Cr	736.3Cr	641.4Cr
Long-Term Leases	78Cr	84Cr	79Cr	58Cr	61Cr
Pension & Other Post Retirement Benefits	86Cr	68Cr	52Cr	28Cr	25Cr
Other Non Current Liabilities	61Cr	73Cr	52Cr	46Cr	55Cr
Total Liabilities	1.48TCr	1.56TCr	1.53TCr	1.46TCr	1.48TCr
Common Stock, Total	11Cr	11Cr	11Cr	11Cr	11Cr
Additional Paid In Capital	280.6Cr	292.3Cr	302.5Cr	306.1Cr	307.8Cr
Retained Earnings	787Cr	863.9Cr	1.02TCr	826.1Cr	835.8Cr
Treasury Stock	-497.5Cr	-506.5Cr	-610.6Cr	-701Cr	-701Cr
Comprehensive Income and Other	-261.8Cr	-281.1Cr	-235.7Cr	-209Cr	-217.8Cr
Total Common Equity	319.5Cr	379.9Cr	484.6Cr	233.6Cr	236.2Cr
Minority Interest	92Cr	91Cr	17Cr	17Cr	18Cr
Total Equity	411.8Cr	470.9Cr	501.3Cr	250.6Cr	253.7Cr
Total Liabilities And Equity	1.89TCr	2.04TCr	2.03TCr	1.71TCr	1.73TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.28Cr	6.3Cr	5.86Cr	5.45Cr	5.46Cr
ECS Total Common Shares Outstanding	6.3Cr	6.3Cr	5.9Cr	5.4Cr	5.5Cr
Book Value / Share	50.71	60.3	82.14	43.26	42.95
Tangible Book Value	-147Cr	-89Cr	38Cr	-414.2Cr	-409.2Cr
Tangible Book Value Per Share	-23.33	-14.14	6.44	-76.7	-74.4
Total Debt	593.7Cr	638.1Cr	620.7Cr	836.7Cr	800.3Cr
Net Debt	398.5Cr	345.7Cr	316.3Cr	640.9Cr	643.3Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	56Cr	53Cr	32Cr	17Cr	15Cr
Debt Equivalent Oper. Leases	171.2Cr	188.8Cr	187.2Cr	174.4Cr	188Cr
Minority Interest, Total (Incl. Fin. Div)	92Cr	91Cr	17Cr	17Cr	18Cr
Equity Method Investments, Total	-	-	21Cr	20Cr	19Cr
Account Code - Inventory Valuation	4	4	5	5	5
LIFO Reserve, Total	-14Cr	-12Cr	-	-	-
Inventories - Raw Materials, Total	60Cr	67Cr	76Cr	51Cr	52Cr
Inventories - Finished Goods, Total	197.9Cr	163.8Cr	195.8Cr	158Cr	173.2Cr
Land - (BS)	9.7Cr	9.2Cr	8.4Cr	3.2Cr	2.9Cr
Buildings, Total	154Cr	151.7Cr	124.9Cr	86Cr	89Cr
Machinery, Total	810.8Cr	837Cr	809.1Cr	601.6Cr	657.1Cr
Full Time Employees	77T	78T	69T	61T	59T
Accumulated Allowance for Doubtful Accounts (Supple)	13Cr	13Cr	9.8Cr	4.9Cr	4.7Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	118.4Cr	108.1Cr	178.3Cr	-151.9Cr	48Cr
Depreciation & Amortization - CF	52Cr	51Cr	45Cr	44Cr	29Cr
Amortization of Goodwill and Intangible Assets - (CF)	6.9Cr	6.2Cr	4.7Cr	3.5Cr	4Cr
Depreciation & Amortization, Total	59Cr	57Cr	49Cr	48Cr	33Cr
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	3.4Cr
(Gain) Loss From Sale Of Asset	-44Cr	-70L	-10Cr	186.9Cr	11Cr
(Gain) Loss on Sale of Investments - (CF)	-	-	-4.2Cr	-	-
Asset Writedown & Restructuring Costs	-	70L	-	38Cr	-
Other Operating Activities, Total	1.4Cr	-1Cr	2.3Cr	80L	70L
Change In Accounts Receivable	-8.7Cr	-94Cr	-23Cr	85Cr	16Cr
Change In Inventories	-3.9Cr	24Cr	-65Cr	-4.9Cr	-12Cr
Change In Accounts Payable	14Cr	34Cr	95Cr	-61Cr	10L
Change In Deferred Taxes	-12Cr	16Cr	13Cr	1.8Cr	-9.7Cr
Change in Other Net Operating Assets	-1.6Cr	6.3Cr	-18Cr	-3.8Cr	2Cr
Cash from Operations	123Cr	150Cr	217.6Cr	139Cr	92Cr
Capital Expenditure	-53Cr	-41Cr	-52Cr	-57Cr	-55Cr
Sale of Property, Plant, and Equipment	2.3Cr	2.7Cr	30Cr	2.5Cr	1Cr
Cash Acquisitions	-	-	-4.6Cr	-300Cr	-1.4Cr
Divestitures	101.1Cr	-	-39Cr	-7.5Cr	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	13Cr	15Cr	20L	5.2Cr	-
Cash from Investing	64Cr	-24Cr	-66Cr	-356.8Cr	-55Cr
Short Term Debt Issued, Total	-	-	-	-	3.4Cr
Long-Term Debt Issued, Total	70Cr	103.3Cr	30Cr	280Cr	30Cr
Total Debt Issued	70Cr	103.3Cr	30Cr	280Cr	34Cr
Short Term Debt Repaid, Total	-72Cr	-33Cr	-10L	-40L	-
Long-Term Debt Repaid, Total	-95Cr	-57Cr	-30Cr	-30Cr	-75Cr
Total Debt Repaid	-167.2Cr	-90Cr	-30Cr	-30Cr	-75Cr
Issuance of Common Stock	80L	4.4Cr	7.6Cr	30L	40L
Repurchase of Common Stock	-15Cr	-12Cr	-104.1Cr	-90Cr	-
Common Dividends Paid	-30Cr	-31Cr	-34Cr	-39Cr	-38Cr
Common & Preferred Stock Dividends Paid	-30Cr	-31Cr	-34Cr	-39Cr	-38Cr
Other Financing Activities, Total	-70L	10L	-3.5Cr	-	-
Cash from Financing	-142.4Cr	-25Cr	-133.9Cr	120.6Cr	-79Cr
Foreign Exchange Rate Adjustments	-2.8Cr	-2.8Cr	-6.7Cr	-2Cr	4.5Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-9.4Cr	-30L
Net Change in Cash	41Cr	98Cr	11Cr	-108.6Cr	-39Cr
Supplemental Items
Cash Interest Paid	19Cr	19Cr	17Cr	16Cr	37Cr
Cash Income Tax Paid (Refund)	47Cr	23Cr	39Cr	25Cr	18Cr
Levered Free Cash Flow	141.82Cr	98Cr	96Cr	19Cr	44Cr
Unlevered Free Cash Flow	153.51Cr	109.38Cr	106.6Cr	31Cr	65Cr
Change In Net Working Capital	-61Cr	32Cr	44Cr	48Cr	-9.1Cr
Net Debt Issued / Repaid	-97Cr	13Cr	-10L	249.6Cr	-41Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.42	6.03	7.15	4.39	4.17
Return on Total Capital	8.54	11.28	13.1	7.49	6.77
Return On Equity %	32.72	24.27	36.83	-40.19	19.35
Return on Common Equity	43.16	30.91	40.84	-42.3	20.48
Margin Analysis
Gross Profit Margin %	17.3	19.79	20.05	15.58	16.29
SG&A Margin	10.51	9.73	9.25	8.75	10.18
EBITDA Margin %	9.32	12.65	12.84	9.06	7.59
EBITA Margin %	6.79	10.05	10.8	6.83	6.12
EBIT Margin %	6.45	9.73	10.59	6.66	5.91
Income From Continuing Operations Margin %	5.87	5.5	8.21	-7.66	2.51
Net Income Margin %	5.8	5.56	8.11	-7.7	2.47
Net Avail. For Common Margin %	5.8	5.56	8.11	-7.7	2.47
Normalized Net Income Margin	4.1	5.65	6.19	3.36	2.47
Levered Free Cash Flow Margin	6.95	5.01	4.35	0.96	2.24
Unlevered Free Cash Flow Margin