Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 2

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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4

The Clorox Company

Condensed Consolidated Statements of Cash Flows (Unaudited)

(Dollars in millions)Six months ended12/31/202412/31/2023Operating activities:Net earnings$297 $121 Adjustments to reconcile net earnings to net cash provided by operations:Depreciation and amortization107 118 Stock-based compensation40 29 Deferred income taxes(19)(60)Loss on divestiture112 — Pension settlement charge— 171 Other5 8 Changes in:Receivables, net64 15 Inventories, net(12)43 Prepaid expenses and other current assets(39)(20)Accounts payable and accrued liabilities(138)(163)Income taxes payable / prepaid(16)(89)Net cash provided by operations401 173 Investing activities:Capital expenditures(92)(76)Proceeds from divestiture, net of cash divested128 — Other(1)20 Net cash provided by (used for) investing activities35 (56)Financing activities:Notes and loans payable, net184 195 Treasury stock purchased(257)— Cash dividends paid to Clorox stockholders(302)(298)Issuance of common stock for employee stock plans and other29 (1)Net cash used for financing activities(346)(104)Effect of exchange rate changes on cash, cash equivalents and restricted cash(3)(23)Net increase (decrease) in cash, cash equivalents and restricted cash87 (10)Cash, cash equivalents and restricted cash:Beginning of period207 368 End of period$294 $358 

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 six months ended December 31, 2024 and 2023, 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 of The Clorox Company and its controlled subsidiaries (the Company or Clorox) for the periods presented. However, the financial results for interim periods are not necessarily indicative of the