| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Sales | ||||||||
Sales | ||||||||
4,643 | 4,995 | 4,431 | 3,911 | 3,633 | 3,573 | 3,273 | 2,779 | 2,248 |
Costs and expenses | ||||||||
Materials, labor, and other operating expenses (excluding depreciation) | ||||||||
3,965 | 4,307 | 3,819 | 3,396 | 3,153 | 3,065 | 2,846 | 2,403 | 1,992 |
Depreciation and amortization | ||||||||
80 | 146 | 80 | 72 | 55 | 51 | 38 | 33 | 37 |
Selling and distribution expenses | ||||||||
390 | 363 | 327 | 298 | 273 | 264 | 245 | 235 | 204 |
General and administrative expenses | ||||||||
71 | 68 | 63 | 59 | 49 | 48 | 45 | 43 | 37 |
Loss on curtailment of facility | ||||||||
0 | 38 | 0 | 0 | - | - | - | - | - |
Other (income) expense, net | ||||||||
0 | 1 | -0 | 1 | 1 | 1 | 0 | -0 | -3 |
Total costs and expenses | ||||||||
4,506 | 4,923 | 4,290 | 3,826 | 3,530 | 3,428 | 3,174 | 2,715 | 2,275 |
Income from operations | ||||||||
136 | 72 | 141 | 84 | 103 | 145 | 98 | 63 | -27 |
Foreign currency exchange gain (loss) | ||||||||
0 | -0 | 0 | 0 | -0 | -0 | -0 | 0 | -0 |
Pension expense (excluding service costs) | ||||||||
2 | 24 | 0 | 5 | - | - | - | - | - |
Interest expense | ||||||||
26 | 26 | 25 | 26 | 22 | 22 | 20 | 21 | 18 |
Interest income | ||||||||
2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in fair value of interest rate swaps | ||||||||
-2 | 0 | 0 | 4 | 0 | 0 | - | - | - |
Loss on extinguishment of debt | ||||||||
- | - | - | -14 | 0 | 0 | - | - | - |
Total nonoperating income (expense) | ||||||||
-28 | -49 | -23 | -41 | -22 | -22 | -20 | -21 | -19 |
Income before income taxes | ||||||||
108 | 22 | 117 | 43 | 80 | 123 | 78 | 41 | -46 |
Income tax provision | ||||||||
27 | 1 | 34 | 5 | 28 | 43 | -38 | 0 | 0 |
Net income | ||||||||
80 | 20 | 82 | 38 | 52 | 80 | 116 | 41 | -46 |
Weighted average common shares outstanding: | ||||||||
Basic (in shares) | ||||||||
39 | 38 | 38 | 38 | 39 | 39 | 40 | 29 | 29 |
Diluted (in shares) | ||||||||
39 | 39 | 39 | 38 | 39 | 39 | 40 | 29 | 29 |
Net income per common share: | ||||||||
Basic (in dollars per share) | ||||||||
2.07 | 0.53 | 2.15 | 0.99 | 1.33 | 2.03 | 2.91 | 1.40 | -1.56 |
Diluted (in dollars per share) | ||||||||
2.06 | 0.52 | 2.12 | 0.98 | 1.33 | 2.03 | 2.91 | 1.40 | -1.56 |
Dividends declared per common share | ||||||||
1.37 | 1.30 | 0.07 | 0.00 | - | - | - | - | - |