Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 2

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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See Notes to Condensed Consolidated Financial Statements (Unaudited)

4

The Clorox Company

Condensed Consolidated Statements of Cash Flows (Unaudited)

(Dollars in millions)Nine months ended3/31/20253/31/2024Operating activities:Net earnings$488 $71 Adjustments to reconcile net earnings to net cash provided by operations:Depreciation and amortization162 176 Stock-based compensation64 55 Deferred income taxes(16)(126)Loss on divestiture112 238 Pension settlement charge— 171 Other(9)18 Changes in:Receivables, net71 (16)Inventories, net(54)20 Prepaid expenses and other current assets(28)12 Accounts payable and accrued liabilities(87)(120)Operating lease right-of-use assets and liabilities, net1 — Income taxes payable / prepaid(17)(144)Net cash provided by operations687 355 Investing activities:Capital expenditures(145)(131)Proceeds from divestiture, net of cash divested128 17 Other(1)20 Net cash used for investing activities(18)(94)Financing activities:Notes and loans payable, net50 61 Treasury stock purchased(257)— Cash dividends paid to Clorox stockholders(452)(446)Cash dividends paid to noncontrolling interests(16)— Issuance of common stock for employee stock plans and other30 3 Net cash used for financing activities(645)(382)Effect of exchange rate changes on cash, cash equivalents and restricted cash(2)(26)Net increase (decrease) in cash, cash equivalents and restricted cash22 (147)Cash, cash equivalents and restricted cash:Beginning of period207 368 End of period$229 $221 

See Notes to Condensed Consolidated Financial Statements (Unaudited)

5

The Clorox Company

Notes to Condensed Consolidated Financial Statements (Unaudited)

(Dollars in millions, except per share data) 

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of PresentationThe unaudited interim condensed consolidated financial statements for the three and nine months ended March 31, 2025 and 2024, in the opinion of management, reflect all normal and recurring adjustments considered necessary for a fair presentation of the consolidated results of operations, financial position and cash flows