COMMERCIAL METALS COMPANY CMC Income Statement

Commercial metals company (CMC)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09
Net sales
1,340	1,384	1,543	1,605	1,402	1,277	1,308	1,204	1,054	1,076	942	1,044	862	994	194	1,227	1,019	1,154	847	1,506	1,391	1,679	1,837	1,738	1,597	1,617	1,410	1,752	1,688	1,749	1,706	2,006	1,956	1,986	2,047	2,062	1,781	1,775	1,787	1,765	1,322	1,402
Costs and expenses:
Cost of goods sold
1,123	1,146	1,290	1,364	1,252	1,118	1,125	1,035	927	933	831	896	725	870	87	1,051	884	997	769	1,313	1,244	1,500	1,640	1,560	1,455	1,440	1,262	1,577	1,549	1,562	1,528	1,822	1,773	1,814	1,885	1,844	1,693	1,614	1,597	1,645	1,313	1,294
Selling, general and administrative expenses
115	111	131	115	98	117	95	101	108	96	96	93	94	103	73	114	93	101	80	110	109	113	112	121	106	108	78	121	114	124	113	118	123	126	128	141	117	120	119	108	147	133
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-11	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
15	16	17	18	18	16	15	11	7	6	5	12	12	13	13	14	16	18	17	20	19	19	19	18	18	19	16	18	16	17	17	19	16	16	16	17	17	17	16	18	20	19
Gain on sale of cost method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26	-	0	0	-	-	-	-	-	-	-	-	-
Total costs and expenses
1,254	1,274	1,440	1,498	1,369	1,252	1,250	1,148	1,042	1,036	957	1,002	831	987	214	1,181	1,006	1,117	877	1,444	1,372	1,632	1,776	1,700	1,580	1,568	1,362	1,716	1,680	1,678	1,660	1,960	1,913	1,957	2,055	2,003	1,828	1,753	1,737	1,771	1,481	1,447
Earnings from continuing operations before income taxes
86	110	102	107	33	25	57	55	11	40	-14	42	30	7	-20	45	12	37	-30	61	18	47	60	38	17	48	47	35	8	71	45	46	42	29	-7	59	-46	21	49	-6	-159	-44
Income taxes
22	27	16	29	18	5	6	13	1	8	-5	11	7	2	-10	10	2	11	-6	22	4	13	14	13	3	15	14	17	4	22	27	7	15	-95	5	14	-12	6	-25	3	-23	-16
Earnings from continuing operations
63	82	85	78	14	19	51	42	9	31	-9	31	22	4	-9	35	10	25	-23	39	13	34	46	24	13	33	33	18	3	48	18	39	27	125	-13	44	-34	14	75	-10	-135	-28
Earnings (loss) from discontinued operations before income taxes
0	0	0	-0	-1	0	-1	-3	0	8	-30	9	9	1	8	-15	-0	-0	49	-10	-7	-2	-20	-1	-2	21	-29	0	1	1	10	2	1	-27	-104	-9	-11	-13	-40	4	-62	-4
Income taxes
0	0	0	-0	0	0	-2	-1	-0	3	-10	1	2	0	-1	-0	-0	-0	13	-0	0	-0	-7	-0	0	8	0	0	0	0	-0	0	0	-9	2	-0	-0	0	26	1	-24	-1
Earnings (loss) from discontinued operations
0	0	0	-0	-1	0	0	-2	0	4	-20	7	7	1	9	-15	-0	-0	36	-10	-7	-2	-13	-0	-2	12	-29	0	0	0	11	1	1	-17	-106	-8	-11	-14	-67	2	-38	-2
Net earnings
63	83	-	78	13	19	-	39	10	36	-	39	30	-	-	19	10	25	-	28	6	32	32	23	11	45	4	18	4	49	30	40	28	107	-120	36	-46	0	7	-8	-173	-31
Less net earnings attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	-	0	-0	0	0	0	0	0	0	0	0	0	0	-0	0	-0	0
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	6	-0	19	10	25	12	28	6	32	32	23	11	45	4	18	4	49	30	40	28	107	-120	36	-46	0	8	-8	-173	-31
Basic earnings per share*
Earnings from continuing operations (in USD per share)
0.53	0.70	0.72	0.67	0.13	0.17	0.45	0.36	0.08	0.27	-0.08	0.27	0.20	0.04	-0.08	0.31	0.09	0.22	-0.21	0.34	0.12	0.29	0.39	0.21	0.11	0.29	0.29	0.16	0.03	0.42	0.16	0.34	0.24	1.08	-0.11	0.38	-0.30	0.13	0.67	-0.10	-1.19	-0.26
Earnings (loss) from discontinued operations (in USD per share)
0.00	0.01	0.00	0.00	-0.01	0.00	0.01	-0.02	0.00	0.04	-0.17	0.07	0.06	0.01	0.08	-0.14	0.00	0.00	0.31	-0.09	-0.06	-0.02	-0.11	-0.01	-0.02	0.10	-0.26	0.00	0.01	0.01	0.10	0.01	0.01	-0.15	-0.94	-0.07	-0.10	-0.12	-0.59	0.02	-0.34	-0.02
Net earnings (in USD per share)
0.54	0.70	0.73	0.66	0.12	0.17	0.44	0.34	0.09	0.32	-0.25	0.34	0.26	0.05	0.00	0.17	0.09	0.22	0.10	0.25	0.06	0.27	0.28	0.20	0.09	0.39	0.03	0.16	0.04	0.43	0.26	0.35	0.25	0.93	-1.05	0.31	-0.40	0.01	0.08	-0.08	-1.53	-0.28
Diluted earnings per share*
Earnings from continuing operations (in USD per share)
0.53	0.69	0.72	0.66	0.13	0.16	0.43	0.36	0.08	0.27	-0.08	0.27	0.20	0.04	-0.08	0.30	0.09	0.22	-0.21	0.34	0.11	0.29	0.38	0.21	0.11	0.29	0.28	0.16	0.03	0.42	0.15	0.34	0.24	1.07	-0.12	0.38	-0.30	0.13	0.67	-0.10	-1.19	-0.26
Earnings (loss) from discontinued operations (in USD per share)
0.00	0.00	0.00	0.00	-0.01	0.00	0.01	-0.02	0.00	0.04	-0.17	0.07	0.06	0.01	0.08	-0.13	0.00	-0.01	0.31	-0.09	-0.06	-0.02	-0.11	-0.01	-0.02	0.10	-0.24	0.00	0.01	0.00	0.10	0.01	0.01	-0.14	-0.92	-0.07	-0.10	-0.12	-0.59	0.02	-0.34	-0.02
Net earnings (in USD per share)
0.53	0.70	0.71	0.66	0.12	0.17	0.43	0.34	0.09	0.31	-0.26	0.34	0.26	0.05	0.00	0.17	0.09	0.21	0.10	0.25	0.05	0.27	0.27	0.20	0.09	0.39	0.04	0.16	0.04	0.42	0.25	0.35	0.25	0.93	-1.04	0.31	-0.40	0.01	0.08	-0.08	-1.53	-0.28
Cash dividends per share (in USD per share)
-	-	-	-	-	-	-	-	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.12	0.12	0.12
Average basic shares outstanding
118	118	-	118	117	117	-	117	116	116	-	115	115	115	-	114	115	116	-	115	116	117	-	117	117	117	-	116	116	116	-	115	115	115	-	115	114	114	-	114	113	112
Average diluted shares outstanding
120	119	-	119	118	118	-	118	118	117	-	117	117	116	-	115	116	117	-	116	117	118	-	118	118	118	-	117	117	117	-	116	116	116	-	116	114	115	-	114	-	112