GLOBAL BRASS & COPPER HOLDINGS, INC. BRSS Income Statement

Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11
Net sales
1,765	1,578	1,338	1,506	1,711	1,758	1,650	1,779
Cost of sales
1,578	1,394	1,156	1,335	1,546	1,576	1,467	1,583
Gross profit
186	184	181	170	164	182	183	195
Selling, general and administrative expenses
92	83	82	83	76	110	92	69
Operating income
94	100	98	87	87	71	90	126
Interest expense, net
16	17	26	39	39	39	39	40
Loss on extinguishment of debt
-0	-0	-23	-3	0	0	-19	-
Gain on sale of investment in joint venture
-	-	-	6	0	0	-	-
Other (expense) income, net
-0	3	0	0	-0	-0	-0	-0
Income before provision for income taxes
75	85	49	51	47	31	31	85
Provision for income taxes
17	33	16	15	16	22	19	31
Income before equity income
-	-	-	35	31	9	11	54
Equity income, net of tax
-	-	-	0	1	1	1	0
Net income
58	51	32	35	32	10	12	55
Net income attributable to noncontrolling interest
0	0	0	0	0	0	0	0
Net income attributable to Global Brass and Copper Holdings, Inc.
58	51	32	35	31	10	12	55
Net income attributable to Global Brass and Copper Holdings, Inc. per common share:
Basic (in dollars per share)
2.66	2.35	1.50	1.67	1.50	0.49	0.59	2.61
Diluted (in dollars per share)
2.61	2.31	1.49	1.66	1.49	0.49	0.59	2.61
Weighted average common shares outstanding:
Basic (in shares)
21	21	21	21	21	21	21	21
Diluted (in shares)
22	22	21	21	21	21	21	21
Dividends declared per common share (in usd per share)
-	-	-	0.15	0.15	0.03	7.57	0.00
Profits interest compensation expense
-	-	-	-	-	29	-	-