Financial Highlights
| (Dollars in MM Except Per Share Amounts) | 2022 | 2021 | Change |
|---|---|---|---|
| Worldwide Net Sales | $17,967 | $17,421 | +3.0% |
| Organic Sales Growth | +7.0% | ||
| Gross Profit Margin | 57.0% | 59.6% | -260 basis points |
| Operating Profit* | $2,893 | $3,332 | -13% |
| Operating Profit Margin* | 16.1% | 19.1% | -300 basis points |
| Net Income Attributable to Colgate-Palmolive Company** | $1,785 | $2,166 | -18% |
| Diluted Earnings Per Share** | $2.13 | $2.55 | -16% |
| Dividends Paid Per Share | $1.86 | $1.79 | +4% |
| Operating Cash Flow | $2,556 | $3,325 | -23% |
| Year-end Stock Price | $78.79 | $85.34 | -8% |
*2022 includes goodwill and intangible assets impairment charges, charges related to the 2022 Global Productivity Initiative, a gain on the sale of land in Asia Pacific and acquisition-related costs. 2021 includes goodwill and intangible assets impairment charges and a benefit from a value-added tax matter in Brazil. For a complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, please click here.
**2022 includes goodwill and intangible assets impairment charges, charges related to the 2022 Global Productivity Initiative, a gain on the sale of land in Asia Pacific and acquisition-related costs. 2021 includes goodwill and intangible assets impairment charges, a loss on early extinguishment of debt and a benefit from a value-added tax matter in Brazil. For a complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, please click here.
(1) 2017- 2019 exclude charges related to the Global Growth and Efficiency Program. For a complete reconciliation between reported results (GAAP) and results excluding this item (non-GAAP), please click here.
(2) 2021 excludes goodwill and indefinite-lived intangible asset impairment charges, a loss on early extinguishment of debt and a benefit from a value-added tax matter in Brazil. 2020 excludes benefits related to the Global Growth and Efficiency Program, a benefit related to subsidiary and operating structure inititatives, a loss on early extinguishment of debt and acquisition-related costs. 2019 excludes charges related to the Global Growth and Efficiency Program, a benefit from Swiss income tax reform, a benefit from a value-added tax matter in Brazil and acquisition-related costs. 2018 excludes charges related to the Global Growth and Efficiency Program, a benefit from a foreign tax matter and charges related to U.S. tax reform. 2017 excludes charges related to the Global Growth and Efficiency Program and a provisional charge related to U.S. tax reform. . For a complete reconciliation between reported results (GAAP) and results excluding these items (non-GAAP), including a description of such items, please click here.
