AGCO CORP /DE AGCO Income Statement

Agco corp /de (AGCO)

Income statement / 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	Mar'10	Sep'09	Jun'09
Net sales
1,928	2,513	2,109	2,422	1,995	2,592	2,214	2,537	2,007	2,527	1,986	2,165	1,627	2,094	1,761	1,995	1,559	1,959	1,736	2,069	1,702	2,485	2,154	2,750	2,333	2,859	2,475	3,048	2,403	2,703	2,295	2,690	2,273	2,517	2,099	2,358	1,797	2,168	1,657	1,743	1,328	1,389	1,767
Cost of goods sold
1,477	2,000	1,659	1,858	1,539	2,053	1,741	1,981	1,579	1,996	1,557	1,689	1,297	1,673	1,408	1,568	1,244	1,561	1,370	1,619	1,354	1,987	1,732	2,118	1,818	2,268	1,919	2,337	1,870	2,175	1,804	2,078	1,780	1,993	1,691	1,870	1,441	1,758	1,353	1,421	1,103	1,146	1,475
Gross profit
450	513	450	563	456	538	473	556	428	531	428	475	330	420	353	427	314	397	365	449	347	498	421	631	514	591	556	710	533	527	491	611	493	524	407	488	355	409	303	321	224	243	291
Selling, general and administrative expenses
247	272	245	260	262	272	260	271	264	274	233	234	222	221	214	217	211	222	205	213	211	244	221	262	267	295	258	279	255	284	262	255	238	246	221	216	184	200	170	164	157	155	154
Engineering expenses
84	89	82	87	84	88	83	93	90	93	80	76	73	83	66	77	71	71	70	71	68	84	78	92	82	86	87	91	88	89	76	79	72	84	67	66	57	61	51	55	52	46	52
Restructuring and other infrequent income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-0	0	-	1	0	1	1	2
Amortization of Intangible Assets
15	15	14	15	15	15	15	18	15	15	14	13	13	15	12	11	11	10	10	10	10	10	10	10	10	11	11	12	12	12	12	12	12	7	4	4	4	4	5	4	4	4	4
Bad debt expense
1	3	0	0	0	1	1	2	0	1	0	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring expenses
0	6	1	0	1	1	1	2	5	2	3	0	5	6	1	2	1	7	0	4	10	43	2	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from operations
100	-49	105	199	92	159	111	168	50	143	97	148	15	90	59	118	19	85	79	149	46	115	108	266	155	197	199	327	177	118	139	264	169	185	114	201	108	142	75	96	9	35	78
Interest expense, net
-3	-4	-6	-6	-3	-15	-7	-21	-10	-11	-11	-11	-10	-17	-12	-11	-10	-13	-10	-11	-10	-14	-13	-15	-13	-17	-14	-13	-12	-14	-15	-14	-13	-9	-3	-12	-5	-57	5	8	9	10	11
Other expense, net
-12	-20	-20	-11	-14	-17	-19	-27	-11	-26	-18	-17	-13	-2	0	-16	-11	-19	2	-9	-9	-14	-10	-12	-11	-14	-11	-10	-3	-10	-13	-6	-4	-1	-7	-7	-2	-6	-4	-7	2	-5	-8
Income before income taxes and equity in net earnings of affiliates
84	-73	78	182	74	126	85	119	28	105	67	119	-8	69	47	90	-2	52	70	129	26	85	84	238	130	164	173	303	161	94	110	244	152	174	104	181	100	126	65	80	2	20	58
Income tax provision
29	25	83	53	19	37	23	38	11	68	16	36	11	18	19	54	-0	6	17	37	10	23	34	83	46	38	62	104	52	6	30	57	43	-98	31	61	30	54	14	31	3	14	14
Income before equity in net earnings of affiliates
55	-98	-4	128	54	89	61	81	17	36	50	82	-19	51	27	35	-2	46	53	91	16	61	50	154	84	125	111	199	108	87	79	186	109	273	72	120	70	71	51	49	-1	5	44
Equity in net earnings of affiliates
11	9	10	11	10	8	9	9	7	8	10	9	11	10	11	13	12	14	14	14	13	14	12	11	15	11	14	14	8	13	12	15	12	11	12	13	11	13	11	13	11	5	13
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
66	-89	6	140	65	97	70	90	25	45	60	91	-8	61	39	49	10	61	67	105	29	76	62	166	99	136	125	213	117	101	92	202	121	285	84	133	81	85	62	62	10	11	57
Net income attributable to noncontrolling interests
1	-1	-1	-0	0	-1	-0	-1	0	0	0	0	1	-0	-0	-0	2	-0	0	-1	-0	-1	-2	-2	-0	-2	-1	-0	-0	-1	-2	-2	1	0	0	0	1	0	-0	-0	-0	0	0
Net Income (Loss) Attributable to Parent
64	-88	7	140	65	98	71	91	24	44	60	91	-10	62	40	50	7	62	67	107	30	77	65	168	99	139	126	213	118	102	94	204	120	285	84	133	80	85	62	62	10	11	57
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.86	-1.15	0.10	1.84	0.85	1.26	0.90	1.15	0.31	0.56	0.76	1.15	-0.13	0.77	0.50	0.61	0.09	0.73	0.77	1.22	0.34	0.85	0.70	1.79	1.05	1.42	1.30	2.20	1.22	1.06	0.97	2.11	1.24	2.96	0.88	1.41	0.85	0.92	0.67	0.68	0.11	0.12	0.62
Earnings Per Share, Diluted
0.85	-1.13	0.10	1.82	0.84	1.25	0.89	1.14	0.30	0.55	0.76	1.14	-0.13	0.76	0.50	0.61	0.09	0.73	0.77	1.22	0.34	0.87	0.69	1.77	1.03	1.40	1.27	2.15	1.19	1.05	0.96	2.08	1.21	2.91	0.87	1.36	0.81	0.88	0.65	0.66	0.10	0.12	0.61
Cash dividends declared and paid per common share (in dollars per share)
0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.14	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-
Weighted average number of common and common equivalent shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
75	75	76	76	76	77	78	79	79	79	79	79	79	79	80	82	83	85	86	87	88	90	93	93	95	97	97	97	97	97	97	97	97	97	96	94	94	93	92	92	92	92	92
Weighted Average Number of Shares Outstanding, Diluted
75	76	76	77	77	78	79	80	80	81	80	80	79	80	80	82	83	85	86	87	89	91	93	95	96	99	99	99	99	98	98	98	99	98	96	98	98	97	95	95	96	94	93