AUTOLIV, INC. ALV Income Statement

Autoliv, inc. (ALV)

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
1,845,800	2,191,200	2,027,700	2,154,700	2,174,000	2,192,800	2,033,000	2,211,500	2,240,900	1,592,200	1,952,600	1,983,900	2,608,100	451,800	2,461,300	2,578,500	2,430,000	2,519,500	2,184,500	2,291,500	2,174,100	2,353,700	2,208,000	2,383,000	2,295,800	2,351,900	2,119,000	2,197,500	2,135,000	2,051,900	1,947,100	2,088,800	2,178,900	2,044,700	2,017,600	2,061,500	2,108,600	1,907,400	1,740,900	1,801,500	1,720,800	1,325,900	1,193,400
Cost of sales
1,514,800	1,764,400	1,648,600	1,755,000	1,795,200	1,767,600	1,646,900	1,771,800	1,780,600	1,265,200	1,557,700	1,568,600	2,065,600	346,600	1,966,000	2,052,000	1,929,000	1,998,800	1,744,400	1,831,500	1,750,800	1,885,800	1,781,600	1,918,800	1,850,500	1,897,000	1,714,100	1,767,000	1,720,700	1,656,500	1,559,500	1,666,700	1,737,800	1,615,600	1,606,400	1,639,900	1,642,600	1,484,600	1,367,100	1,389,500	1,337,300	1,087,100	1,007,000
- Airbag products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	858,000	755,100
- Seatbelt products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	467,900	438,300
Gross profit
331,000	426,800	379,100	399,700	378,800	425,200	386,100	439,700	460,300	327,000	394,900	415,300	542,500	105,200	495,300	526,500	501,000	520,700	440,100	460,000	423,300	467,900	426,400	464,200	445,300	454,900	404,900	430,500	414,300	395,400	387,600	422,100	441,100	429,100	411,200	421,600	466,000	422,800	373,800	412,000	383,500	238,800	186,400
Selling, general and administrative expenses
93,500	98,700	97,700	101,100	101,400	99,400	90,000	99,800	101,100	84,500	96,800	105,000	120,300	44,500	116,500	120,300	113,100	108,400	101,300	101,200	100,600	106,800	101,000	104,600	102,500	103,200	93,800	97,000	95,900	90,400	88,800	93,900	93,600	91,200	91,500	95,100	90,900	88,300	76,000	81,800	81,100	76,500	73,600
Research, development and engineering expenses, net
102,600	82,000	99,100	117,000	107,400	84,700	101,900	117,500	108,500	-10,900	93,100	95,700	192,700	-143,400	165,500	176,400	158,800	126,600	130,400	140,300	126,500	122,900	135,700	134,800	142,200	109,600	120,200	130,400	129,100	105,400	96,800	126,900	126,300	105,800	103,700	117,500	114,500	87,400	88,600	93,700	91,600	82,700	84,000
Amortization of intangibles
2,700	2,900	2,900	2,900	2,800	2,800	2,800	2,900	2,800	-16,200	2,700	2,900	21,800	-21,500	12,200	11,900	7,900	8,400	4,200	3,300	3,700	3,600	4,100	4,200	4,100	5,100	5,100	5,000	5,200	5,700	4,800	5,100	4,600	5,100	4,200	5,600	3,700	4,200	4,900	4,600	4,300	5,700	5,800
Other income (expense), net
2,100	-13,900	-25,600	-9,200	6,000	-217,300	1,100	9,600	-4,500	-14,600	-35,100	8,100	9,900	-3,600	-10,000	-5,200	-16,000	4,000	-46,400	-6,500	-112,500	-17,900	-10,800	-81,200	-4,800	-34,300	-3,500	-4,100	-1,700	-19,600	-9,800	-5,800	-63,300	-2,900	-6,900	2,000	-2,100	-300	-2,200	-2,800	-11,100	-13,900	-35,300
Operating income
134,300	229,300	153,800	169,500	173,200	21,000	192,500	229,100	243,400	255,000	167,200	219,800	217,600	222,000	191,100	212,700	205,200	281,300	157,800	208,700	80,000	216,700	174,800	139,400	191,700	202,700	182,300	194,000	182,400	174,300	187,400	190,400	153,300	224,100	204,900	205,400	254,800	242,600	202,100	229,100	195,400	60,000	-12,300
Income from equity method investment
300	400	400	200	1,000	800	200	1,300	1,300	500	500	200	500	1,400	500	100	600	1,200	600	1,600	1,300	1,100	1,400	2,700	1,700	1,900	1,800	1,900	1,700	2,800	1,800	1,400	2,100	1,600	2,000	1,900	1,300	1,800	1,700	3,200	-1,200	1,400	1,100
Interest income
1,100	900	700	1,000	1,000	2,800	1,300	1,100	1,700	1,800	1,800	1,800	2,000	1,400	1,000	900	1,200	900	800	600	400	700	1,600	1,300	1,200	1,400	900	700	900	1,000	900	700	800	1,500	1,400	1,100	900	900	900	800	800	700	900
Interest expense
16,300	16,900	17,100	17,500	18,000	19,900	18,900	13,700	13,600	14,500	15,400	15,000	16,200	15,500	15,600	15,600	15,500	15,500	15,600	16,900	17,100	18,200	19,400	17,800	8,000	8,600	8,100	8,300	7,900	9,100	10,900	9,200	12,500	14,900	16,200	15,500	15,400	13,000	13,500	13,300	14,500	18,300	17,600
Other non-operating items, net
-8,100	-4,100	-3,400	-2,400	-3,600	-2,600	-3,800	-7,700	-3,900	3,300	-3,400	-5,600	-9,500	-900	8,100	2,300	-1,200	-3,000	8,200	500	-100	3,000	-1,900	-2,700	-2,300	-16,800	-300	4,400	7,000	-7,200	4,100	-900	-2,600	7,400	400	-1,600	-1,800	-1,300	-1,600	-1,800	-1,300	-4,600	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-6,300	-	-	-	-12,100	-	-	-
Income before income taxes
111,300	209,600	134,400	150,800	153,600	2,100	171,300	210,100	228,900	246,100	150,700	201,200	194,400	208,400	185,100	200,400	190,300	264,900	151,800	194,500	64,500	203,300	156,500	122,900	184,300	194,600	176,600	192,700	170,100	170,000	175,100	182,400	141,100	210,900	192,600	185,000	239,800	230,800	189,600	205,900	179,200	39,200	-27,900
Income tax expense
36,400	53,700	48,400	41,400	42,100	94,900	53,300	16,900	69,800	42,500	44,500	65,100	52,300	65,900	49,600	52,000	56,800	79,000	52,700	57,700	28,800	55,300	49,800	39,700	53,200	94,100	51,700	53,300	45,000	30,000	57,100	56,200	39,700	51,200	53,500	39,300	57,300	52,000	48,500	58,500	51,000	5,500	-7,400
Income from continuing operations
-	-	86,000	109,400	-	-92,800	118,000	193,200	159,100	-	106,200	136,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of income taxes
-	-	-	-	-	2,000	0	-159,100	-36,700	-	-18,000	-7,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
74,900	155,900	86,000	109,400	111,500	-90,800	118,000	34,100	122,400	-55,600	88,200	128,300	142,100	144,200	135,500	148,400	133,500	185,900	99,100	136,800	35,700	148,000	106,700	83,200	131,100	100,500	124,900	139,400	125,100	140,000	118,000	126,200	101,400	159,700	139,100	145,700	182,500	178,800	141,100	147,400	128,200	33,700	-20,500
Less: Net income from continuing operations attributable to non-controlling interest
-	-	600	300	-	200	500	500	400	-	500	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net loss from discontinued operations attributable to non-controlling interest
-	-	-	-	-	0	0	-3,600	-4,700	-	-3,100	-1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to non-controlling interest
100	-	-	-	100	-	-	-	-	-	-	-	-1,800	-	-2,300	0	300	400	200	100	0	-200	200	400	800	800	1,000	700	1,600	1,300	500	-200	900	1,200	700	700	1,000	1,300	1,000	900	1,700	900	200
Net income attributable to controlling interest
74,800	155,600	85,400	109,100	111,400	-91,000	117,500	37,200	126,700	62,600	90,800	129,800	143,900	147,700	137,800	148,400	133,200	185,500	98,900	136,700	35,700	148,200	106,500	82,800	130,300	99,700	123,900	138,700	123,500	138,700	117,500	126,400	100,500	158,500	138,400	145,000	181,500	177,500	140,100	146,500	126,500	32,800	-20,700
Amounts attributable to controlling interest:
Net income from continuing operations
-	-	85,400	109,100	-	-93,000	117,500	192,700	158,700	-	105,700	135,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations
-	-	-	-	-	2,000	0	-155,500	-32,000	-	-14,900	-5,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to controlling interest
74,800	155,600	85,400	109,100	111,400	-91,000	117,500	37,200	126,700	-	90,800	129,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share continuing operations - basic
-	-	0.98	1.25	-	-1.06	1.35	2.21	1.82	-	1.22	1.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss per share discontinuing operations - basic
-	-	-	-	-	0.02	-0.01	-1.78	-0.36	-	-0.17	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share – basic
0.86	1.78	0.98	1.25	1.28	-1.05	1.35	0.43	1.46	0.73	1.05	1.47	1.63	1.68	1.56	1.68	1.51	2.11	1.12	1.55	0.40	1.64	1.16	0.89	1.39	1.06	1.29	1.45	1.29	1.47	1.23	1.35	1.12	1.78	1.55	1.62	2.04	2.02	1.58	1.69	1.48	0.39	-0.24
Earnings per share continuing operations - diluted
-	-	0.98	1.25	-	-1.05	1.34	2.20	1.82	-	1.21	1.54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss per share discontinuing operations - diluted
-	-	-	-	-	0.02	-0.01	-1.77	-0.37	-	-0.17	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share – diluted
0.86	1.79	0.98	1.25	1.27	-1.04	1.34	0.43	1.45	0.74	1.04	1.47	1.62	1.67	1.56	1.68	1.51	2.10	1.12	1.55	0.40	1.63	1.16	0.89	1.38	1.05	1.29	1.44	1.29	1.45	1.23	1.33	1.07	1.70	1.48	1.54	1.93	1.89	1.51	1.60	1.39	0.37	-0.24
Weighted average number of shares outstanding, net of treasury shares (in millions)
87,300	87,200	87,200	87,200	87,200	87,200	87,100	87,100	87,000	86,900	86,900	87,900	88,300	88,300	88,200	88,200	88,100	88,300	88,100	88,000	88,400	89,600	91,600	93,200	94,000	94,900	95,800	95,700	95,600	95,700	95,400	93,500	89,400	89,200	89,300	89,200	89,100	88,800	88,600	86,600	85,200	85,100	85,100
Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions)
87,400	87,600	87,300	87,300	87,400	87,100	87,400	87,400	87,300	87,000	87,200	88,100	88,500	88,400	88,500	88,400	88,300	88,400	88,300	88,300	88,600	89,900	91,900	93,500	94,300	95,600	96,200	96,000	95,800	95,800	95,700	95,100	93,800	93,400	93,500	94,000	93,900	94,400	92,800	91,600	90,800	89,100	85,100
Cash dividend per share – declared
0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.60	0.60	0.60	0.60	0.58	0.58	0.58	0.58	0.56	0.56	0.56	0.56	0.54	0.54	0.54	0.52	0.52	0.50	0.50	0.50	0.50	0.50	0.47	0.47	0.45	0.45	0.45	0.43	-	0.35	0.30	-	-	-
Cash dividend per share – paid
0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.62	0.60	0.60	0.60	0.60	0.58	0.58	0.58	0.58	0.56	0.56	0.56	0.56	0.54	0.54	0.54	0.52	0.52	0.50	0.50	0.50	0.50	0.50	0.47	0.47	0.45	0.45	0.45	0.43	0.40	-	0.30	-	-	-	-