01—Abstract
Summary
Summary of the 10-K filed February 26, 2010. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc.'s 2009 10-K filing, ending December 30, 2009, reveals a company focused on providing cleaning, sanitizing, and water treatment solutions across various industries.
Despite the challenging economic environment of 2009, the company demonstrated resilience, with a strong emphasis on its core business segments. Investors would find key information regarding the company's operational performance, financial health, and strategic direction relevant to understanding its market position and future prospects. The report details Ecolab's business segments, highlighting their contributions to revenue and profitability.
Management's Discussion and Analysis (MD&A) likely provides crucial insights into the factors influencing financial results, including economic conditions, competitive landscape, and company initiatives. Investors should pay close attention to the risk factors section, which outlines potential challenges that could impact the company's operations and financial performance, alongside the company's strategies to mitigate these risks. The filing also provides details on financial condition and results of operations, offering a comprehensive view of the company's performance.
02—Key points
Key Highlights
- The filing covers the fiscal year ending December 30, 2009, a period marked by global economic challenges, making the company's performance metrics crucial for assessing its resilience.
- Ecolab operates across multiple business segments, with the report likely detailing the financial performance and strategic importance of each.
- The 'Risk Factors' section is critical for investors to understand potential headwinds and uncertainties affecting Ecolab's business.
- Management's Discussion and Analysis (MD&A) provides essential context on the drivers of financial performance, operational strategies, and outlook.
- The filing includes detailed financial statements (Balance Sheets, Income Statements, Cash Flow Statements) and supplementary data, offering a complete financial picture.
- Information on market for common equity and related stockholder matters can provide insights into shareholder value and capital allocation.
- Details on legal proceedings and properties offer clarity on potential liabilities and operational infrastructure.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2009, Ecolab Inc. kept $0.07.
- Revenue$5.90B100.0%
- Cost of revenue−$2.98B50.5%
- Gross profit$2.92B49.5%
- Operating costs−$2.24B38.0%
- Operating income$681.3M11.5%
- Interest, other & tax−$262.6M4.5%
- Net income$418.7M7.1%
Where FY2009 revenue went
$5.90B- Cost of revenue: $2.98B, 50% of revenue
- SG&A: $2.17B, 37% of revenue
- Net income: $418.7M, 7.1% of revenue
- R&D: $86.0M, 1.5% of revenue
- Interest, other & tax: $262.6M, 4.5% of revenue
Kept 7.1% as net incomeNet income $418.7M · 7.1%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-KFY2009filed February 26, 2010Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $5.90B$6.14B | −3.9% |
| Cost of Revenue | $2.98B$3.14B | −5.2% |
| Gross Profit | $2.92B$3.00B | −2.4% |
| R&D Expenses | $86.00M$86.00M | 0.0% |
| SG&A Expenses | $2.17B$2.26B | −3.7% |
| Operating Income | $681.30M$712.80M | −4.4% |
| Interest Expense | $67.50M$70.80M | −4.7% |
| Net Income | $418.70M$448.10M | −6.6% |
| EPS (Basic) | $1.76$1.83 | −3.8% |
| EPS (Diluted) | $1.74$1.80 | −3.3% |
| Shares Outstanding (Basic) | 236.70M245.40M | −3.5% |
| Shares Outstanding (Diluted) | 239.90M249.30M | −3.8% |
05—Questions
Frequently Asked Questions
What were Ecolab's primary business segments and their performance in 2009?
The 10-K filing details Ecolab's operating segments, which typically include areas like institutional, industrial, and healthcare. While specific performance figures for 2009 would be found within the 'Financial Information About Operating Segments' and MD&A sections, investors should look for revenue growth, profitability, and any significant trends or challenges within each segment.
What were the major risks and challenges facing Ecolab in 2009?
The 'Risk Factors' section (Item 1A) is the primary source for identifying these. Common risks for companies like Ecolab could include economic downturns affecting customer spending, competition, regulatory changes, currency fluctuations, and the ability to innovate. The filing will detail specific risks and management's strategies to address them.
How did the economic conditions of 2009 impact Ecolab's financial results?
The 'Management's Discussion and Analysis of Financial Condition and Results of Operation' (Item 7) section will provide the most comprehensive answer. Investors should look for discussions on how macro-economic factors influenced sales, margins, and operational costs, and how Ecolab responded to these conditions.
What is Ecolab's financial health as indicated by the balance sheet and cash flow statement?
Detailed financial statements (Item 8) will offer this insight. Investors should examine the balance sheet for asset composition, debt levels, and equity. The cash flow statement will reveal how the company generated and used cash from its operating, investing, and financing activities, indicating its ability to fund operations, invest in growth, and manage its debt.
06—Continue