HERBALIFE NUTRITION LTD. HLF Balance Sheet

Herbalife nutrition ltd. (HLF)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Current assets:
Cash and cash equivalents
944	839	715	1,254	1,209	1,198	1,110	839	1,330	1,278	1,636	1,624	1,782	844	788	936	774	889	813	749	715	645	678	773	1,261	973	892	849	722	333	321	286	305	258	261	254	260	190	193	170	150
Receivables, net of allowance for doubtful accounts
79	79	100	98	92	70	99	100	103	93	95	89	100	70	87	94	89	69	89	96	86	83	100	103	118	100	109	110	112	116	114	108	106	89	112	116	107	85	91	85	76
Inventories
400	436	420	426	407	381	347	315	333	341	354	378	375	371	371	322	336	332	315	321	335	377	367	343	324	351	347	331	334	339	313	262	250	247	222	219	184	182	183	152	145
Prepaid expenses and other current assets
147	132	153	140	126	153	199	181	184	147	188	177	151	176	198	193	157	161	180	192	191	186	208	206	162	148	174	160	146	145	124	131	127	134	93	104	110	93	97	114	101
Deferred income tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	113	114	115	113	93	100	99	100	81	67	67	69	53	51	50	49	51	56	54	54	43	43	42	42	56	53	38
Total current assets
1,571	1,488	1,389	1,920	1,835	1,805	1,756	1,436	1,951	1,860	2,274	2,269	2,409	1,462	1,559	1,661	1,474	1,566	1,492	1,460	1,428	1,393	1,436	1,494	1,936	1,643	1,578	1,503	1,365	984	925	846	844	785	733	738	705	595	621	575	513
Land and Building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-	-	-	-	-	-	-	-	-	-	-
Furniture and fixtures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	6	-	-	-	5	-	-	5
Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	373	-	-	-	301	-	-	-	272	-	-	266
Building and leasehold improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	-	-	-	79	-	-	-	66	-	-	53
Property, plant and equipment - at cost:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	498	-	-	-	387	-	-	-	344	-	-	325
Less: accumulated depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255	-	-	-	193	-	-	-	166	-	-	147
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization
365	371	360	358	359	360	352	355	369	377	375	374	373	378	376	371	338	339	335	347	356	366	358	363	346	318	267	255	246	242	198	196	201	193	182	185	187	177	169	167	178
Operating lease right-of-use assets
180	189	181	180	172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	23	20	-	23	25	27	4	5	6	6	7	8	4	4	4	5	5	5	0	1	1	1
Marketing-related intangibles and other intangible assets, net
310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	310	311	311	311	311	311	311	311	312	310	310	310	311	311
Goodwill
85	91	89	92	92	92	93	93	98	96	95	94	93	89	94	93	94	91	92	97	96	102	105	105	105	105	105	105	105	105	105	105	105	105	105	104	102	102	102	102	102
Deferred compensation plan assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	29	29	29	27	28	29	27	27	27	26	26	25	24	25	24	23	23	23	20	19	20	18	18	17	16	17
Other assets
202	227	214	217	213	221	222	225	239	250	367	361	373	324	162	148	140	141	142	147	147	154	101	108	103	63	49	47	48	48	45	43	41	41	29	32	26	25	24	22	21
Total assets
2,715	2,678	2,545	3,078	2,982	2,789	2,734	2,421	2,968	2,895	3,422	3,410	3,560	2,565	2,532	2,613	2,386	2,477	2,421	2,415	2,388	2,355	2,364	2,435	2,856	2,473	2,343	2,254	2,109	1,724	1,618	1,530	1,532	1,463	1,388	1,399	1,358	1,232	1,248	1,197	1,146
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities:
Accounts payable
82	81	75	80	82	81	83	83	80	67	60	89	80	66	86	85	72	71	81	83	64	72	93	97	87	82	82	77	79	75	80	79	69	57	61	64	53	43	50	48	37
Royalty overrides
250	294	283	267	260	281	275	255	264	277	266	247	249	261	261	247	242	249	237	232	218	251	257	253	259	267	252	235	221	243	223	206	201	197	190	184	173	162	149	141	144
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	115	98	128	113	96	76	69	85	89	74	111	99	82	66	95	87	71	58	76	69	61	52	69	67	52	65
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	239	455	237	228	229	262	255	252	273	287	276	267	241	227	195	181	169	156	159	152	145	153	138	141	122	117	107
Current portion of long-term debt
23	24	24	693	686	678	672	744	102	102	104	100	103	9	425	423	410	229	254	293	419	100	100	93	87	81	75	68	62	56	50	0	3	1	1	1	1	3	3	3	12
Other current liabilities
628	564	536	485	501	547	514	486	463	458	427	425	507	454	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance sales deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	101	88	63	86	98	82	70	89	88	83	68	73	51	44	49	38	36	41	31	60	62	56	35	54	51	22
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	29	58	52	28	30	52	59	28	33	32	43	42	48	71	61	13	16	30	62	21	13	18	15	16	29	40
Total current liabilities
984	964	920	1,526	1,531	1,588	1,546	1,570	910	906	858	862	940	791	1,263	1,457	1,207	1,024	1,030	1,097	1,168	874	928	942	901	922	867	792	742	762	663	566	565	579	550	542	494	470	463	442	429
Long-term debt, net of current portion
1,810	1,778	1,779	1,776	1,775	1,774	1,774	1,456	2,109	2,165	2,176	2,188	2,199	1,438	1,017	1,003	992	1,392	1,398	1,389	1,393	1,691	1,727	1,744	1,760	850	875	893	912	431	450	555	228	202	220	158	181	175	205	240	237
Non-current operating lease liabilities
165	169	165	161	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation plan liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	46	46	43	42	44	44	42	41	41	40	37	35	32	32	29	28	27	27	23	22	23	23	20	18	17	16
Deferred income tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0	7	11	16	15	25	59	63	66	64	60	59	62	62	72	68	70	55	55	55	55	76	79	77
Other non-current liabilities
143	155	147	148	142	149	175	174	167	157	168	159	153	139	76	70	74	70	73	68	66	64	61	51	48	46	45	41	44	42	41	38	37	39	22	23	23	23	23	23	24
Total liabilities
3,103	3,068	3,013	3,612	3,600	3,513	3,495	3,200	3,187	3,229	3,203	3,210	3,292	2,369	2,408	2,578	2,321	2,531	2,552	2,611	2,690	2,689	2,785	2,839	2,814	1,922	1,887	1,820	1,791	1,328	1,246	1,260	927	914	871	803	777	745	787	803	786
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Temporary equity
-	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders’ deficit:
Common shares, $0.0005 par value; 2.0 billion shares authorized; 137.7 million (2020) and 137.4 million (2019) shares outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Paid-in capital in excess of par value
373	366	363	354	333	341	346	389	425	407	452	442	469	467	462	457	446	438	436	426	414	409	406	398	423	323	304	305	299	303	297	288	302	291	280	271	262	248	247	232	222
Accumulated other comprehensive loss
-263	-212	-230	-206	-204	-209	-203	-193	-147	-165	-174	-188	-189	-205	-173	-168	-151	-165	-156	-118	-128	-78	-58	-22	-22	-19	-27	-44	-41	-31	-36	-42	-28	-37	-36	-6	-12	-27	-24	-39	-23
Accumulated deficit
-169	-215	-272	-353	-430	-526	-575	-646	-168	-248	240	186	48	-66	-165	-253	-230	-326	-410	-504	-587	-665	-768	-779	-359	247	178	172	59	123	110	25	330	293	271	331	329	265	237	200	159
Treasury stock, at cost, 10.0 million (2020) and 10.0 million (2019) shares
328	328	328	328	328	328	328	328	328	328	299	240	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders’ deficit
-388	-390	-467	-534	-629	-723	-761	-779	-219	-334	219	200	267	196	123	35	64	-53	-130	-196	-301	-334	-420	-404	42	551	455	433	317	395	371	270	604	548	516	596	580	487	460	394	359
Total liabilities and shareholders’ deficit
2,715	2,678	2,545	3,078	2,982	2,789	2,734	2,421	2,968	2,895	3,422	3,410	3,560	2,565	2,532	2,613	2,386	2,477	2,421	2,415	2,388	2,355	2,364	2,435	2,856	2,473	2,343	2,254	2,109	1,724	1,618	1,530	1,532	1,463	1,388	1,399	1,358	1,232	1,248	1,197	1,146