Esterline technologies corp (ESL)
Income statement / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jul'15Jun'15Apr'15Mar'15Jan'15Dec'14Sep'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Jul'09
Net Sales

484,987

535,294

499,871

517,629

482,045

482,045

528,650

504,107

509,131

458,416

544,574

517,092

490,310

441,477

545,249

496,217

484,723

500,080

468,210

446,344

504,611

298,017

506,309

510,861

485,940

431,067

478,068

499,562

457,962

416,159

485,949

504,831

470,882

502,397

409,512

435,277

370,799

430,450

378,349

382,492

335,310

361,486

Cost of Sales

318,857

350,362

329,951

353,902

333,709

334,316

362,422

330,408

331,925

315,504

350,170

343,508

334,137

303,758

360,963

326,421

319,433

336,429

318,193

300,994

326,370

200,350

329,222

331,636

315,205

253,663

299,166

318,186

297,617

252,971

313,853

320,308

312,801

349,285

265,973

274,330

238,677

272,501

249,394

255,856

232,639

244,339

Gross Profit

166,130

184,932

169,920

163,727

148,336

147,729

166,228

173,699

177,206

142,912

194,404

173,584

156,173

137,719

184,286

169,796

165,290

163,651

150,017

145,350

178,241

-

177,087

179,225

170,735

-

178,902

181,376

160,345

163,188

172,096

184,523

158,081

-

143,539

160,947

132,122

-

128,955

126,636

102,671

117,147

Expenses
Selling, general & administrative

92,738

86,403

98,895

102,036

98,886

99,897

88,332

93,615

97,924

95,110

103,265

96,769

102,423

94,091

96,664

91,968

92,028

100,742

99,432

93,656

98,016

-

88,884

92,035

89,132

-

101,822

98,278

98,611

64,706

91,869

98,950

94,697

-

76,418

72,409

66,092

-

63,220

64,067

61,295

59,694

Research, development and engineering

20,404

17,348

22,830

24,725

25,842

25,966

28,841

30,190

29,041

21,706

26,950

22,211

24,974

25,575

25,728

29,245

26,401

27,000

25,143

22,455

23,531

-

24,259

25,536

25,646

-

24,103

25,658

23,076

17,739

27,198

29,545

26,395

-

23,075

21,251

19,619

-

17,262

18,001

16,749

14,868

Transaction costs

4,021

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

License fee income

0

0

0

2,268

3,025

3,025

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Expenses

117,163

109,460

121,628

129,803

121,703

122,838

117,173

123,805

121,776

114,216

127,658

119,539

128,337

120,597

124,714

122,616

119,564

128,664

113,465

106,417

124,840

-

116,548

119,649

119,574

-

129,379

123,936

121,687

82,445

169,973

116,604

121,092

-

93,127

93,660

85,711

-

80,474

82,030

78,085

74,780

Operating Earnings from Continuing Operations

48,967

75,472

48,292

33,924

26,633

24,891

49,055

49,894

55,430

28,696

66,746

54,045

27,836

17,122

59,572

47,180

45,726

34,987

36,552

38,933

53,401

28,722

60,539

59,576

51,161

98,085

49,523

57,440

38,658

80,743

2,123

67,919

36,989

33,804

50,412

67,287

46,411

70,503

48,481

44,606

24,586

42,367

Interest Income

827

586

579

449

298

298

181

150

100

96

156

30

94

87

226

144

87

124

135

179

184

101

145

136

119

154

132

148

101

143

109

116

95

187

658

430

340

309

248

20

383

168

Interest Expense

6,774

7,242

7,902

8,167

7,604

7,604

7,563

7,299

7,458

7,888

7,922

7,659

7,294

7,216

8,705

10,618

10,393

8,564

5,934

5,841

8,082

-

7,865

8,434

8,625

-

9,050

11,482

10,444

11,056

12,159

11,484

11,528

-

10,286

8,958

9,137

-

8,082

7,348

7,961

7,024

Loss on sale of business

-

-

97

-5,310

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

2,443

559

940

931

2,081

1,403

1,135

922

1,634

3,050

3,293

-

3,405

2,078

4,796

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery

-

0

0

0

0

-

0

0

5,189

2,600

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on settlement of contingency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11,891

-

-

0

0

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,454

-

-

-

52,169

-

-

-

0

-

-

-

-

-

-

-

Other Income

2,143

-

-

-

-

1,742

-

-

-

-

-

-

-

-

-12,985

0

0

0

12,744

12,744

-

0

0

0

0

-

-

-

-

-

1,263

-

-

-

6,366

-

-

13

-8

-38

41

218

Loss on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-329

-329

-

-

-

-

-533

0

-

-

0

-946

-

-

0

0

-

-

0

-831

-

-

0

0

-

-

Earnings from Continuing Operations Before Income Taxes

45,163

67,074

40,969

26,206

19,327

19,327

41,673

42,745

48,072

20,904

58,980

46,416

20,636

9,993

39,971

36,706

35,091

26,218

30,753

33,271

45,503

23,761

52,286

51,278

42,655

89,578

40,605

45,160

28,315

69,830

-9,927

56,551

25,556

22,156

40,784

57,928

37,614

59,816

40,647

37,278

17,008

35,511

Income Tax Expense

11,280

16,865

11,094

2,079

53,789

53,789

9,705

10,703

13,080

-463

10,499

7,975

3,416

-33

1,011

6,405

6,744

4,542

5,714

8,150

10,974

-

12,403

10,386

8,626

-

1,151

9,482

2,394

7,139

6,963

11,138

2,576

-

2,821

11,848

7,654

-

1,364

8,144

4,569

3,009

Earnings from Continuing Operations Including Noncontrolling Interests

33,883

50,209

29,875

24,127

-34,462

-34,462

31,968

32,042

34,992

21,367

48,481

38,441

17,220

10,026

38,960

30,301

28,347

21,676

25,039

25,121

34,529

-

39,883

40,892

34,029

-

39,454

35,678

25,921

62,691

-16,890

45,413

22,980

-

37,963

46,080

29,960

-

39,283

29,134

12,439

32,502

Loss (Earnings) Attributable to Noncontrolling Interests

-71

272

158

173

353

353

435

278

552

239

168

395

224

162

211

111

125

44

108

63

-17

-

46

297

86

-

241

156

810

412

214

222

192

-

222

129

-23

-

30

24

54

24

Earnings (Loss) from Continuing Operations Attributable to Esterline, Net of Tax

33,954

49,937

29,717

23,954

-34,815

-34,815

31,533

31,764

34,440

21,128

48,313

38,046

16,996

9,864

38,749

30,190

28,222

21,632

24,931

25,058

34,546

-

39,837

40,595

33,943

-

39,213

35,522

-

-

-17,104

-

-

-

37,741

45,951

29,983

-

39,253

29,110

12,385

32,478

Loss from Discontinued Operations Attributable to Esterline, Net of Tax

-156

2,802

-1,894

-77

-166

-166

-1,126

-815

-34

-5,336

227

-8,690

-2,023

-4,780

-19,214

-1,693

-558

-1,822

-14,600

-16,739

-5,947

-

-929

-3,691

-3,865

-

-975

0

-

-

0

-

-

-

-46

-37

8

-

605

538

340

163

Net Earnings (Loss) Attributable to Esterline

33,798

52,739

27,823

23,877

-34,981

-34,981

30,407

30,949

34,406

15,792

48,540

29,356

14,973

5,084

19,535

28,497

27,664

19,810

10,331

8,319

28,599

-

38,908

36,904

30,078

-

38,238

35,522

25,111

61,660

-17,104

45,191

22,788

-

37,695

45,914

29,991

-

39,858

29,648

12,725

32,641

Earnings (Loss) Per Share Attributable to Esterline - Basic:
Continuing operations

1.15

1.67

1.01

0.81

-1.16

-1.16

1.06

1.07

1.16

0.71

1.63

1.30

0.58

0.33

1.30

1.00

0.92

0.70

0.80

0.79

1.09

-

1.25

1.28

1.07

-

1.25

1.14

-

-

-0.55

-

-

-

1.23

1.51

0.99

-

1.31

0.97

0.42

1.09

Discontinued operations

-0.01

0.09

-0.06

0.00

-0.01

-0.01

-0.04

-0.03

0.00

-0.18

0.01

-0.30

-0.07

-0.16

-0.63

-0.06

-0.02

-0.06

-0.47

-0.53

-0.19

-

-0.03

-0.12

-0.12

-

-0.03

0.00

-

-

0.00

-

-

-

0.00

0.00

0.00

-

0.02

0.02

0.01

0.01

Earnings (Loss) Per Share

1.14

1.76

0.95

0.81

-1.17

-1.17

1.02

1.04

1.16

0.53

1.64

1.00

0.51

0.17

0.67

0.94

0.90

0.64

0.33

0.26

0.90

-

1.22

1.16

0.95

-

1.22

1.14

0.81

2.00

-0.55

1.47

0.74

-

1.23

1.51

0.99

-

1.33

0.99

0.43

1.10

Earnings (Loss) Per Share Attributable to Esterline - Diluted:
Continuing operations

1.14

1.68

1.00

0.80

-1.16

-1.16

1.04

1.06

1.15

0.71

1.62

1.28

0.57

0.33

1.30

0.97

0.90

0.69

0.79

0.78

1.06

-

1.22

1.25

1.05

-

1.23

1.12

-

-

-0.55

-

-

-

1.21

1.47

0.97

-

1.28

0.96

0.41

1.09

Discontinued operations

-0.01

0.09

-0.06

0.00

-0.01

-0.01

-0.03

-0.03

0.00

-0.18

0.01

-0.29

-0.07

-0.16

-0.63

-0.05

-0.02

-0.06

-0.46

-0.52

-0.18

-

-0.03

-0.11

-0.12

-

-0.03

0.00

-

-

0.00

-

-

-

0.00

0.00

0.00

-

0.02

0.02

0.01

0.00

Earnings (Loss) Per Share

1.13

1.77

0.94

0.80

-1.17

-1.17

1.01

1.03

1.15

0.53

1.63

0.99

0.50

0.17

0.67

0.92

0.88

0.63

0.33

0.26

0.88

-

1.19

1.14

0.93

-

1.20

1.12

0.80

1.98

-0.55

1.44

0.73

-

1.21

1.47

0.97

-

1.30

0.98

0.42

1.09

Net Earnings (Loss)

33,798

52,739

27,823

23,877

-34,981

-34,981

30,407

30,949

34,406

15,792

48,540

29,356

14,973

5,084

19,535

28,497

27,664

19,810

10,331

8,319

28,599

-

38,908

36,904

30,078

-

38,238

35,522

25,111

61,660

-17,104

45,191

22,788

-

37,695

45,914

29,991

-

39,858

29,648

12,725

32,641

Change in Fair Value of Derivative Financial Instruments

-10,984

-

-13,588

-6,813

-560

-560

-

11,966

5,909

-6,841

-

888

20,274

-4,173

-

-

13,408

-

-12,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

-2,955

-

-4,104

-1,824

-110

-110

-

3,575

1,428

-1,909

-

68

5,779

-1,285

-

-

3,234

-

-3,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Fair Value of Derivative Financial Instruments, Net of Tax

-8,029

-

-9,484

-4,989

-450

-450

-

8,391

4,481

-4,932

-

820

14,495

-2,888

-

-

10,174

-

-9,127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Pension and Post-Retirement Obligations

-1,101

-

-1,311

-1,019

-842

-842

-

-536

-1,063

-2,533

-

-1,163

87

2,276

-

-

19

-

9,195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Tax Expense

-295

-

-359

-177

-297

-297

-

-284

-260

-992

-

47

-83

758

-

-

137

-

3,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in Pension and Post-Retirement Obligations, Net of Tax

-806

-

-952

-842

-545

-545

-

-252

-803

-1,541

-

-1,210

170

1,518

-

-

-118

-

6,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign Currency Translation Adjustment

-36,073

-

-50,889

11,825

6,354

6,354

-

46,763

16,184

-53,021

-

-26,044

31,246

-39,461

-

-

31,598

-

-116,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive Income (Loss)

-9,498

-

-31,598

31,555

-28,532

-28,532

-

86,355

55,874

-40,620

-

5,342

60,544

-35,747

-

-990

69,318

33,544

-109,204

-140,186

-37,841

-

16,479

80,121

-10,438

-

45,201

1,367

36,891

-

-81,625

75,936

-41,078

-

-

-

-

-

-

-

-

-