Company: CLX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000021076-25-000053
Chunk: 2

Company: CLOROX CO /DE/
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Operating activities:Net earnings$82 $103 Adjustments to reconcile net earnings to net cash provided by operations:Depreciation and amortization56 54 Stock-based compensation10 13 Deferred income taxes84 (1)Loss on divestiture— 112 Other(12)(5)Changes in:Receivables, net118 84 Inventories, net(55)(6)Prepaid expenses and other current assets(41)(38)Accounts payable and accrued liabilities(40)(137)Operating lease right-of-use assets and liabilities, net(2)— Income taxes payable / prepaid(107)42 Net cash provided by operations93 221 Investing activities:Capital expenditures(36)(39)Proceeds from divestiture, net of cash divested— 128 Other2 — Net cash (used for) provided by investing activities(34)89 Financing activities:Notes and loans payable, net214 — Treasury stock purchased(129)(107)Cash dividends paid to Clorox stockholders(151)(151)Issuance of common stock for employee stock plans and other7 21 Net cash used for financing activities(59)(237)Effect of exchange rate changes on cash, cash equivalents and restricted cash(1)2 Net increase (decrease) in cash, cash equivalents and restricted cash(1)75 Cash, cash equivalents and restricted cash:Beginning of period170 207 End of period$169 $282 

See Notes to Condensed Consolidated Financial Statements (Unaudited)

6

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 months ended September 30, 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 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 results that may be expected for a full fiscal year or for any other future period. Percentage and basis point calculations are based on rounded numbers, except for per share data and the effective tax rate