Standardized Quarterly Balance Sheet Report Date Scale Total Assets Total Liabilities Total Equity Total Liabilities & Equity Standardized Quarterly Income Statement Report Date Currency Audit Status Consolidated Scale Sales Revenue Cost of products sold Gross Profit 09/30/2016 12/31/2016 03/31/2017 06/30/2017 09/30/2017 12/31/2017 03/31/2018 06/30/2018 09/30/2018 12/31/2018 03/31/2019 06/30/2019 09/30/2019 12/31/2019 03/31/2020 06/30/2020 09/30/2020 12/31/2020 Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands 5058000 5459000 5850000 4466000 4568000 4629000 4573000 4600000 4758000 5444000 5060000 5073000 5162000 5116000 5397000 6213000 6777000 6855000 4177000 289000 4466000 4298000 270000 4568000 4225000 404000 4629000 4031000 4008000 542000 4573000 592000 4600000 3998000 760000 4758000 4607000 837000 5444000 4334000 726000 5060000 4381000 677000 5058000 4331000 742000 5073000 4381000 781000 5162000 4557000 559000 5116000 4847000 550000 5397000 4904000 555000 5459000 5155000 695000 5850000 5305000 908000 6213000 5662000 5475000 1115000 6777000 1380000 6855000 09/30/2016 12/31/2016 03/31/2017 06/30/2017 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter USD Not Qualified Yes USD USD Not Not USD Not Not 09/30/2017 12/31/2017 1st Quarter 2nd Quarter USD USD Not 03/31/2018 06/30/2018 Not 3rd Quarter 4th Quarter USD USD Not USD USD Not Not 09/30/2018 12/31/2018 03/31/2019 06/30/2019 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter USD USD Not Not USD Not Thousands 1443000 Qualified Yes Thousands Yes Qualified Qualified Yes Thousands Thousands 1406000 1477000 1647000 Qualified Yes Thousands 1500000 Qualified Qualified Yes Yes Thousands Thousands Qualified Yes Thousands Qualified Qualified Yes Thousands 1416000 1517000 1691000 1563000 1473000 Qualified Qualified Yes Yes Yes Thousands Thousands Thousands 1551000 Qualified Yes Thousands USD Not Qualified Yes Thousands 09/30/2019 12/31/2019 03/31/2020 06/30/2020 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter USD 09/30/2020 12/31/2020 USD 1st Quarter 2nd Quarter USD USD Not Qualified Yes Thousands Not Qualified Qualified Yes Yes Thousands Thousands Not Not Qualified Yes Thousands 1627000 1506000 1449000 1783000 1983000 1916000 1842000 803000 777000 827000 895000 827000 807000 868000 947000 885000 830000 878000 893000 843000 810000 951000 1054000 996000 1005000 640000 629000 650000 752000 673000 609000 649000 744000 678000 643000 673000 734000 663000 639000 832000 929000 920000 837000 Selling General & Admin 328000 325000 362000 394000 338000 337000 358000 374000 351000 356000 377000 384000 348000 350000 453000 493000 417000 456000 Research & Development 31000 32000 35000 37000 32000 31000 32000 37000 32000 32000 34000 38000 30000 34000 39000 42000 32000 40000 Other income (expense), net -5000 23000 -16000 15000 3000 -6000 -3000 16000 3000 7000 -2000 -1000 2000 -5000 19000 -1000 -80000 15000 Interest expense -22000 -22000 -22000 -18000 -21000 -20000 -20000 -18000 -24000 -24000 -24000 -22000 -25000 -25000 -24000 -23000 -25000 -24000 Earnings (loss) before income taxes 264000 227000 247000 295000 279000 227000 242000 306000 268000 224000 240000 292000 258000 235000 297000 395000 526000 332000 Income taxes 85000 77000 Net Income 179000 149000 75000 172000 93000 201000 87000 192000 -6000 233000 61000 181000 89000 217000 58000 42000 53000 210000 182000 187000 51000 241000 55000 50000 56000 85000 109000 71000 203000 185000 241000 310000 415000 259000 Net earnings (loss) per share - basic 1.39 1.16 1.34 1.55 1.49 1.81 1.39 1.68 1.65 1.42 1.46 1.89 1.61 1.48 1.92 2.45 3.28 2.06 Net earnings (loss) per share - diluted 1.36 1.14 1.31 1.52 1.46 1.77 1.37 1.66 1.62 1.4 1.44 1.87 1.59 1.46 1.89 2.42 3.22 2.03 Question 6 A) B) The "Standardized" tab includes quarterly income statement and balance sheet information for quarters ending from 9/30/2016 to 6/30/2021. Graph the sales revenue for the 20 quarters. Paste the graph below. Does the data indicate the Clorox Company's sales are seasonal? Briefly explain your Calculate the percentage change in sales revenue for each of the most recent four quarters relative to the same quarter one year earlier? 1st quarter (ending 9/20) 2nd quarter (ending 12/20) 3rd quarter (ending 3/21) 4th quarter (ending 6/21) Describe the pattern you observe? % Increase in Sales = Sales-Sales- Salest-4