10-Q
What does GAAP stand for?
Generally Accepted Accounting Principles
This person is the current CEO of Whirlpool Corporation?
Marc Bitzer
What date and day of the week was the Q1 2021 earnings review presentation given?
Thursday, April 22
What is Whirlpool’s effective tax rate for Q1 2021?
26.5%
In the section containing all financial statements (pg. 5-8), what 3 groups of “activities” are highlighted in the consolidated statement of cash flows?
operating, investing, financing
CFO Jim Peters says these two actions drove positive cash flow for Whirlpool in Q1 (pg. 2)?
Strong Net Earnings & Disciplined WCM
On pg. 6, what had the most negative impact year-over-year on Whirlpool’s overall ongoing EBIT margin?
Raw material inflation
What is the Asia business’s year-over-year EBIT (earnings before interest and taxes) growth from 2020 to 2021?
42.7%
In the Management’s Discussion and Analysis section (pg. 30-41), what is one example of a “non-GAAP” financial measure that Whirlpool discloses?
EBIT, EBIT margin, ongoing EBIT, ongoing EPS, ongoing EBIT margin, sales ex. foreign currency, free cash flow
On pg. 8, what three main categories make up the consolidated balance sheet?
Assets, Liabilities and Stockholders Equity
On pg. 13, what is Whirlpool’s overall free cash flow guidance for full year 2021?
~$1.25B
Which Whirlpool region had the best EBIT margin (EBIT as a % of sales) improvement from 2020 to 2021, and what is that quantification?
Asia, 10.7 pts
In the Management’s Discussion and Analysis section (pg. 30-41), what is our anticipated earnings per share (EPS) for the full year ending December 31, 2021?
$23.10 - $24.10
What is our anticipated GAAP and adjusted tax rate (non-GAAP) range for the full year of 2021 (pg. 4)?
Answer: 24-26%
On pg. 15, what region is driving overall growth in total Whirlpool industry projections?
North America
What is Whirlpool’s net working capital balance as of Q1 2020, and what is the formula to calculate that (all variables are on the page)?
534 million (receivables (1,931) + inventories (2,668) - payables (4,065) = net working capital (534))