Colgate-Palmolive Q2 2024 10-Q Filed
Ticker: CL · Form: 10-Q · Filed: 2024-07-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, debt
TL;DR
Colgate-Palmolive's Q2 2024 10-Q is in, showing financial details and debt maturities through 2039.
AI Summary
Colgate-Palmolive Co. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial instruments and liabilities, including various notes due in 2026, 2029, 2034, and 2039, are listed.
Why It Matters
This filing provides investors with an update on Colgate-Palmolive's financial health and operational status for the second quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing from a large, established company with no immediate red flags.
Key Numbers
- 20240630 — Period End Date (The filing covers financial data up to this date.)
- 2024-01-01 — Reporting Period Start Date (This marks the beginning of the reporting period for the 10-Q.)
- 2024-04-01 — Q2 Start Date (This date indicates the start of the second quarter of 2024.)
- 2023-04-01 — Prior Year Q2 Start Date (Used for comparative financial analysis.)
Key Players & Entities
- COLGATE PALMOLIVE CO (company) — Filer
- 20240630 (date) — Period of Report
- 2123102000 (dollar_amount) — Business Phone
- A0.500NotesDue2026Member (dollar_amount) — Debt Instrument
- A0300NotesDue2029Member (dollar_amount) — Debt Instrument
- A1.375NotesDue2034Member (dollar_amount) — Debt Instrument
- A0.875Notesdue2039Member (dollar_amount) — Debt Instrument
FAQ
What is the total value of Colgate-Palmolive's current assets as of June 30, 2024?
The filing indicates current assets, including 'OtherAssetsCurrent', but a specific total dollar amount for current assets is not explicitly stated in the provided snippet.
What are the significant accrued liabilities reported for the period ending June 30, 2024?
The filing mentions 'OtherAccruedLiabilitiesCurrent', but a specific total dollar amount for accrued liabilities is not provided in the snippet.
What is the maturity date of the 'A0.500NotesDue2026Member' debt?
The 'A0.500NotesDue2026Member' has a maturity date in 2026.
What is the interest rate on the notes due in 2034?
The notes due in 2034 are identified as 'A1.375NotesDue2034Member', indicating an interest rate of 1.375%.
What is the fiscal year end for Colgate-Palmolive?
Colgate-Palmolive's fiscal year ends on December 31.
Filing Stats: 4,904 words · 20 min read · ~16 pages · Grade level 17.9 · Accepted 2024-07-26 08:31:51
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value CL New York Stock Exchange
Filing Documents
- cl-20240630.htm (10-Q) — 1725KB
- exhibit31a_063024xq22024.htm (EX-31.A) — 9KB
- exhibit31b_063024xq22024.htm (EX-31.B) — 9KB
- exhibit32_063024xq22024.htm (EX-32) — 5KB
- 0000021665-24-000031.txt ( ) — 7413KB
- cl-20240630.xsd (EX-101.SCH) — 37KB
- cl-20240630_cal.xml (EX-101.CAL) — 66KB
- cl-20240630_def.xml (EX-101.DEF) — 202KB
- cl-20240630_lab.xml (EX-101.LAB) — 522KB
- cl-20240630_pre.xml (EX-101.PRE) — 374KB
- cl-20240630_htm.xml (XML) — 1233KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION COLGATE-PALMOLIVE COMPANY Condensed Consolidated Statements of Income (Dollars in Millions Except Per Share Amounts) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net sales $ 5,058 $ 4,822 $ 10,124 $ 9,592 Cost of sales 1,992 2,035 4,019 4,093 Gross profit 3,066 2,787 6,105 5,499 Selling, general and administrative expenses 1,939 1,768 3,855 3,526 Other (income) expense, net 35 45 111 90 Operating profit 1,092 974 2,139 1,883 Non-service related postretirement costs 22 29 44 323 Interest (income) expense, net 60 58 118 112 Income before income taxes 1,010 887 1,977 1,448 Provision for income taxes 243 353 482 500 Net income including noncontrolling interests 767 534 1,495 948 Less: Net income attributable to noncontrolling interests 36 32 81 74 Net income attributable to Colgate-Palmolive Company $ 731 $ 502 $ 1,414 $ 874 Earnings per common share, basic $ 0.89 $ 0.61 $ 1.72 $ 1.05 Earnings per common share, diluted $ 0.89 $ 0.60 $ 1.71 $ 1.05 See Notes to Condensed Consolidated Financial Statements. 2 COLGATE-PALMOLIVE COMPANY Condensed Consolidated Statements of Comprehensive Income (Dollars in Millions) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net income including noncontrolling interests $ 767 $ 534 $ 1,495 $ 948 Other comprehensive income (loss), net of tax: Cumulative translation adjustments ( 118 ) 27 ( 212 ) 70 Retirement plans and other retiree benefit adjustments 6 6 11 13 Gains (losses) on cash flow hedges 2 ( 10 ) 2 ( 4 ) Total Other comprehensive income (loss), net of tax ( 110 ) 23 ( 199 ) 79 Total Comprehensive income including noncontrolling interests 657 557 1,296 1,027 Less: Net income attributable to noncontrolling interests 36 32 81 74 Less: Cumulative translation adjustments attributable to noncontrolling interests ( 1 ) ( 25 ) ( 8 ) ( 41 ) Total Comprehensive income attributable to n