B&g foods, inc. (BGS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

449,370

470,172

406,311

371,197

412,734

458,055

422,602

388,378

431,729

466,353

406,051

361,676

412,307

394,706

318,247

306,376

352,978

342,291

213,300

193,645

217,122

237,990

208,998

202,889

198,140

211,547

181,350

160,882

171,194

173,706

154,155

148,612

157,339

149,998

133,010

129,453

131,405

125,144

121,145

Cost of goods sold

344,454

375,775

297,530

279,330

324,655

408,123

307,563

307,205

328,373

372,493

285,109

257,119

291,088

306,750

202,821

196,661

237,063

253,728

141,704

131,637

149,725

180,977

145,936

139,862

133,471

144,399

120,084

105,185

112,382

114,223

98,876

96,856

100,514

100,708

91,560

87,284

86,538

85,960

81,747

Gross profit

104,916

94,397

108,781

91,867

88,079

49,932

115,039

81,173

103,356

93,860

120,942

104,557

121,219

87,956

115,426

109,715

115,915

88,563

71,596

62,008

67,397

57,013

63,062

63,027

64,669

67,148

61,266

55,697

58,812

59,483

55,279

51,756

56,825

49,290

41,450

42,169

44,867

39,184

39,398

Operating expenses:
Selling, general and administrative expenses

39,973

44,480

38,112

39,856

38,297

47,562

39,987

37,272

42,568

50,343

40,999

43,586

48,520

41,039

42,465

33,886

39,638

36,587

27,307

19,197

22,848

23,968

21,173

25,289

22,603

23,946

21,271

17,318

16,508

20,006

14,937

14,629

16,640

16,549

12,725

14,194

14,150

12,435

13,463

Amortization expense

4,723

4,722

4,729

4,601

4,491

4,491

4,634

4,609

4,609

4,598

4,265

4,265

4,472

3,764

3,269

3,362

3,408

3,183

2,726

2,673

2,673

2,706

3,391

3,348

3,247

3,276

2,385

2,156

2,067

2,059

2,022

2,023

2,022

1,766

1,637

1,637

1,639

1,613

1,612

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,405

-

-

-

-

-

-

34,154

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

60,220

45,195

65,940

47,410

45,291

174,265

70,418

39,292

56,179

37,300

75,678

56,706

68,227

43,153

69,692

67,062

72,869

48,793

41,563

40,138

41,876

30,339

4,344

42,596

38,819

39,926

37,610

36,223

40,237

37,418

38,320

35,104

38,163

30,975

27,088

26,338

29,078

25,136

24,323

Other income and expenses:
Interest expense, net

-26,039

-27,721

-24,152

-23,179

-23,074

-24,489

-27,932

-27,607

-28,306

-26,765

-23,374

-21,998

-19,647

-57,191

-17,974

-18,426

19,135

-85,004

11,272

11,062

11,539

12,041

11,587

11,803

11,142

10,913

11,097

10,030

9,773

11,815

11,994

11,862

11,989

11,821

8,323

8,341

8,190

10,335

10,898

Loss on extinguishment of debt

-

-

-

-

-

-9,811

0

-546

-2,778

0

0

-1,045

-118

0

0

0

-2,836

-

-

-

-

-

-

-5,748

-

-

-2,813

-28,478

-

-

-

-

-

-

-

-

-

-

-

Other income

453

317

59

525

258

613

1,313

-388

2,054

-966

198

1,269

2,597

-591

-127

371

1,929

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax expense

34,634

16,614

41,847

24,756

22,475

140,578

43,799

10,751

27,149

9,569

52,502

34,932

51,059

23,641

51,591

49,007

52,827

31,535

30,291

29,076

30,337

18,298

-7,243

25,045

27,677

29,013

23,700

-2,285

30,464

15,172

26,326

23,242

26,174

19,154

18,765

17,997

20,888

14,801

13,425

Income tax expense

6,542

6,355

10,759

6,505

5,684

28,654

11,811

2,775

6,602

-120,339

19,772

12,871

18,295

10,073

19,181

18,756

19,631

20,575

10,476

10,328

10,770

6,844

-2,830

8,907

9,900

10,221

8,350

-852

10,830

5,613

9,429

7,216

9,396

6,899

6,681

5,398

7,583

5,519

4,932

Net income

28,092

10,259

31,088

18,251

16,791

111,924

31,988

7,976

20,547

129,908

32,730

22,061

32,764

13,568

32,410

30,251

33,196

10,960

19,815

18,748

19,567

11,454

-4,413

16,138

17,777

18,792

15,350

-1,433

19,634

9,559

16,897

16,026

16,778

12,255

12,084

12,599

13,305

9,282

8,493

Weighted average shares outstanding:
Basic (in shares)

64,047

64,044

65,081

65,341

65,586

65,821

65,932

66,307

66,517

66,497

66,496

66,481

66,474

66,407

64,757

62,645

59,000

57,977

57,976

56,626

53,758

-

53,664

53

53

-

52,873

52,863

52,715

-

48,387

48,375

48,039

-

47,821

47,906

47,982

47,636

47,625

Diluted (in shares)

64,084

64,044

65,102

65,390

65,617

65,928

66,020

66,353

66,715

66,686

66,643

66,711

66,784

66,666

65,038

62,871

59,103

58,084

58,056

56,682

53,799

-

53,664

53

53

-

53,120

52,863

52,942

-

48,743

48,723

48,337

-

48,479

48,636

48,685

48,601

48,450

Earnings per share:
Basic (in dollars per share)

0.44

0.15

0.48

0.28

0.26

1.69

0.49

0.12

0.31

-

0.49

-

-

-

0.50

-

-

-

0.34

-

-

-

-0.08

-

-

-

0.29

-

-

-

0.35

-

-

0.26

0.25

0.26

0.28

0.19

0.18

Diluted (in dollars per share)

0.44

0.15

0.48

0.28

0.26

1.69

0.48

0.12

0.31

-

0.49

-

-

-

0.50

-

-

-

0.34

-

-

-

-0.08

-

-

-

0.29

-

-

-

0.35

-

-

0.26

0.25

0.26

0.27

0.19

0.18

Basic and diluted earnings per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.33

0.49

-

-

0.48

0.56

-

-

0.33

0.36

-

-

0.30

0.33

-

-

-0.03

0.37

-

-

0.33

0.35

-

-

-

-

-

-

Cash dividends declared per share (in dollars per share)

0.47

0.47

0.47

0.47

0.47

0.47

0.47

0.47

0.46

0.46

0.46

0.46

0.46

0.47

0.42

0.42

0.42

0.35

0.35

0.34

0.34

0.34

0.34

0.34

0.34

0.33

0.32

0.29

0.29

0.29

0.27

0.27

0.27

0.23

0.21

0.21

0.21

0.17

0.17