Cubic corp /de/ (CUB)
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'11Dec'10Sep'10Jun'10Mar'10Dec'09
Net sales:
Net sales

321,500

328,800

471,175

382,700

337,300

305,300

379,721

296,200

278,586

248,391

258,799

266,184

248,040

334,677

15,524

375,240

366,024

313,813

23,771

347,806

338,834

318,488

396,366

340,357

354,492

307,137

340,776

337,226

368,609

314,796

369,255

371,142

343,830

319,857

343,021

322,787

347,889

281,884

353,996

325,118

272,483

246,595

Costs and expenses:
Selling, general and administrative expenses

78,294

65,915

58,716

82,167

66,195

62,986

74,924

58,267

63,773

61,680

64,896

56,898

54,644

63,758

46,266

68,632

79,774

58,491

40,149

55,127

52,922

47,554

50,164

46,489

48,265

36,754

38,837

44,130

41,320

40,943

43,179

42,751

43,039

35,220

45,160

37,981

38,514

38,136

32,342

33,706

28,678

29,580

Research and development

11,360

8,422

11,896

12,470

13,754

12,012

12,285

13,934

14,202

11,977

13,873

16,901

12,858

9,020

13,830

8,521

6,143

3,482

5,162

5,938

2,640

4,252

4,137

3,949

4,959

4,914

5,099

6,426

7,098

5,822

7,327

8,427

8,072

4,896

7,453

6,281

5,271

6,255

8,633

4,995

3,611

1,737

Amortization of purchased intangibles

16,493

10,089

9,423

9,717

12,395

10,565

7,112

6,153

6,484

7,351

6,323

7,257

7,265

9,355

4,736

9,666

8,499

6,455

-1,175

6,606

8,494

5,935

5,546

5,653

6,010

5,393

4,488

4,362

4,266

3,564

3,471

3,650

3,668

4,039

4,074

4,257

4,312

2,038

1,740

1,698

1,710

1,698

Loss (gain) on sale of property, plant and equipment

-40

170

-53

32,563

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

3,800

1,600

3,143

8,500

1,757

2,000

1,649

1,600

256

1,495

720

326

363

891

-337

1,690

311

-386

328

127

5,406

-148

-

24

203

-

1,941

114

6,084

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,865

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

351,416

335,322

412,579

347,954

343,880

305,825

352,036

285,922

280,265

260,293

239,147

273,032

254,124

338,778

23,903

361,347

375,110

321,890

4,046

337,513

315,628

311,309

357,098

321,142

332,315

295,307

384,831

310,321

331,233

294,287

338,515

331,540

307,907

289,917

323,333

294,997

307,279

256,464

322,539

302,790

237,646

228,584

Operating loss

-29,900

-6,500

58,637

34,700

-6,500

-600

27,663

10,300

-1,679

-11,902

19,633

-6,848

-6,084

-4,101

-8,379

13,893

-9,086

-8,077

19,725

10,293

23,206

7,179

39,268

19,215

22,177

11,830

-44,055

26,905

37,376

20,509

30,740

39,602

35,923

29,940

19,688

27,790

40,610

25,420

31,457

22,328

34,837

18,011

Other income (expenses):
Interest and dividend income

1,693

2,218

2,176

1,696

1,413

1,234

-257

765

625

482

257

235

214

247

264

415

339

398

407

434

438

465

438

595

118

245

297

530

312

437

571

697

964

762

839

490

375

864

236

457

551

346

Interest expense

8,219

5,363

5,758

6,132

4,531

4,032

2,272

2,567

2,911

2,674

2,825

4,357

4,305

3,540

3,796

3,486

2,579

1,338

1,342

1,125

1,062

871

967

1,504

752

861

980

925

657

865

664

234

344

360

306

374

374

407

473

414

418

450

Loss on extinguishment of debt

-16,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense), net

-19,664

-127

-2,888

-8,714

-3,602

-4,753

1,194

-3,831

2,028

-78

-338

1,648

-399

-547

-802

-1,930

223

175

206

-257

16

-916

667

-1,098

386

-346

1,651

-813

-53

102

271

-950

122

923

2,124

1,232

-486

-1,208

-2,599

319

5,221

696

Loss from continuing operations before income taxes

-72,214

-9,755

52,149

21,575

-13,261

-8,117

26,338

4,657

-1,937

-14,172

16,755

-9,322

-10,574

-7,941

-15,384

8,892

-11,103

-8,842

18,996

9,345

22,598

5,857

39,406

17,208

21,929

10,868

-43,087

25,697

36,978

20,183

30,918

39,115

36,665

31,265

22,345

29,138

40,125

24,669

28,621

22,690

40,191

18,603

Income tax provision

-19,784

6,246

11,345

1,029

-3,831

2,497

2,794

5,627

1,409

-2,737

3,262

68,914

-52,445

-5,073

5,924

4,394

-21,247

-3,428

11,763

559

33,609

695

6,591

4,992

5,809

2,439

-5,935

7,292

7,276

5,869

8,951

11,667

10,758

8,956

7,671

7,032

11,256

6,414

12,033

5,960

13,251

6,767

Loss from continuing operations

-52,430

-16,001

40,804

20,546

-9,430

-10,614

23,544

-970

-3,346

-11,435

-

-78,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations

129

-584

118

-202

-1,339

0

-4,121

5,380

1,335

1,649

-

56,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-52,301

-16,585

40,922

20,344

-10,769

-10,614

19,423

4,410

-2,011

-9,786

-

-21,957

-

-

-

-

-

-

19,977

8,786

-11,011

5,162

32,815

12,216

16,120

8,429

-37,152

18,405

29,702

14,314

21,967

27,448

25,907

22,309

14,674

22,106

28,869

18,255

16,588

16,730

26,940

11,836

Less noncontrolling interest in net loss of VIE

-13,178

3,990

-841

-3,566

-1,377

-4,027

-

-1,881

-

-

-

-

-

-

-

-

-

-

0

6

13

10

10

10

28

41

34

24

52

73

55

53

51

45

49

56

84

121

-

-

-

-

Net loss attributable to Cubic

-39,123

-20,575

41,763

23,910

-9,392

-6,587

17,816

6,291

-2,011

-9,786

13,155

-21,957

461

-2,868

-7,493

4,498

10,144

-5,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts attributable to Cubic:
Net loss from continuing operations

-39,252

-19,991

41,645

24,112

-8,053

-6,587

21,937

911

-3,346

-11,435

-

-78,236

41,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations

129

-584

118

-202

-1,339

0

-4,121

5,380

1,335

1,649

-

56,279

-41,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Cubic

-39,123

-20,575

41,763

23,910

-9,392

-6,587

17,816

6,291

-2,011

-9,786

-

-21,957

-

-

-

-

-

-

19,977

8,780

-11,024

5,152

32,805

12,206

16,092

8,388

-37,186

18,381

29,650

14,241

21,912

27,395

25,856

22,264

14,625

22,050

28,785

18,134

16,588

16,730

26,940

11,836

Net loss per share:
Basic
Continuing operations attributable to Cubic (in dollars per share)

-1.25

-0.64

1.40

0.77

-0.26

-0.23

0.81

0.03

-0.12

-0.42

-

-2.89

1.54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

0.01

-0.02

0.00

-0.01

-0.04

0.00

-0.15

0.20

0.05

0.06

-

2.08

-1.53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per share attributable to Cubic (in dollars per share)

-1.25

-0.66

1.39

0.77

-0.30

-0.23

0.65

0.23

-0.07

-0.36

0.49

-0.81

0.02

-0.11

-0.29

0.17

0.38

-0.20

0.74

0.33

-0.41

0.19

1.22

0.46

0.60

0.31

-1.39

0.69

1.11

0.53

0.82

1.02

0.97

0.83

-

-

-

-

-

-

-

-

Diluted
Continuing operations attributable to Cubic (in dollars per share)

-1.25

-0.64

1.39

0.77

-0.26

-0.23

0.80

0.03

-0.12

-0.42

-

-2.89

1.54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

0.01

-0.02

0.00

-0.01

-0.04

0.00

-0.15

0.20

0.05

0.06

-

2.08

-1.53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings per share attributable to Cubic (in dollars per share)

-1.25

-0.66

1.38

0.77

-0.30

-0.23

0.65

0.23

-0.07

-0.36

0.49

-0.81

0.02

-0.11

-0.29

0.17

0.38

-0.20

0.74

0.33

-0.41

0.19

1.23

0.45

0.60

0.31

-1.39

0.69

1.11

0.53

0.82

1.02

0.97

0.83

-

-

-

-

-

-

-

-

Dividends per common share (in dollars per share)

-

-

-

-

-

-

-

-

0.14

-

-

-

0.14

-

-

-

0.14

-

-

-

0.14

-

-

-

0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares used in per share calculations:
Basic and diluted net income per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.55

0.82

1.08

0.68

0.62

0.63

1.01

0.44

Basic (in shares)

31,296

31,273

31,178

31,160

31,150

28,492

27,254

27,232

27,223

27,207

27,125

27,110

27,103

27,086

26,990

26,977

26,973

26,964

26,883

26,883

26,862

26,860

26,789

26,789

26,786

26,784

26

26,736

26

26

26

26

26

26

26,736

26,736

26,736

26,736

26,735

26,736

26,736

26,732

Diluted (in shares)

31,296

31,273

31,533

31,249

31,150

28,492

27,600

27,374

27,223

27,207

27,069

27,110

27,159

27,086

26,887

27,058

26,995

26,964

27,045

26,960

26,862

26,885

26,675

26,921

26,901

26,883

26

26,762

26

26

26

26

26

26

26,736

26,736

26,736

26,736

26,735

26,736

26,736

26,732

Products
Net sales

187,500

200,600

350,200

255,900

222,700

182,300

235,951

179,761

157,445

131,743

215,529

167,143

154,168

144,760

210,575

170,566

155,794

124,969

214,342

133,762

130,510

128,612

178,518

136,649

146,789

121,981

132,874

127,682

167,036

134,718

171,632

194,613

156,891

154,192

172,079

142,055

155,380

131,419

180,177

167,993

133,629

125,957

Costs

153,002

166,843

248,651

190,434

167,567

125,485

138,496

125,536

117,093

91,573

139,080

120,575

109,403

104,612

145,022

108,785

120,445

99,192

162,369

94,381

90,121

104,424

119,437

108,301

110,185

86,759

115,750

91,011

119,145

99,887

121,479

123,072

107,432

114,195

122,189

101,486

106,813

87,791

131,789

120,222

88,330

90,076

Services
Net sales

134,000

128,200

121,000

126,800

114,600

123,000

143,760

116,451

121,141

116,648

43,320

99,041

93,872

189,917

-195,051

204,674

210,230

188,844

-190,571

214,044

208,324

189,876

217,848

203,708

207,703

185,156

207,902

209,544

201,573

180,078

197,623

176,529

186,939

165,665

170,942

180,732

192,509

150,465

173,819

157,125

138,854

120,638

Costs

88,420

82,648

80,702

77,224

82,212

92,785

117,619

80,401

78,457

86,217

13,845

71,075

69,591

151,142

-185,614

164,053

159,938

154,656

-202,787

175,334

156,045

149,292

176,947

156,726

162,693

161,487

167,851

164,278

153,320

144,071

163,059

153,640

145,696

131,567

144,457

144,992

152,369

122,244

148,035

142,169

115,317

105,493