FERRO CORPORATION FOE Income Statement

Ferro corporation (FOE)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net sales
1,018,366	1,082,223	996,382	1,145,292	1,075,341	1,111,626	1,188,582	1,267,695	2,130,853	2,101,865	1,657,569
Cost of sales
709,550	742,488	669,663	788,914	773,661	826,541	910,910	1,034,298	1,728,048	1,643,733	1,343,297
Gross profit
308,816	339,735	326,719	356,378	301,680	285,085	277,672	233,397	402,805	458,132	314,272
Selling, general and administrative expenses
212,485	219,947	217,290	227,286	216,899	286,762	150,753	271,837	330,450	279,668	272,259
Restructuring and impairment charges
10,955	7,116	8,523	15,907	9,655	8,849	40,929	225,724	17,030	63,732	19,337
Other expense (income):
Interest expense
24,302	23,659	20,647	21,547	15,163	16,263	20,152	20,912	27,190	44,568	63,918
Interest earned
3,325	3,672	2,968	630	363	118	271	311	285	651	896
Foreign currency losses (gains), net
-9,166	-6,335	-3,440	-12,906	-4,495	-1,159	-4,205	-2,167	-4,758	-4,724	-3,827
Loss on extinguishment of debt
-	-3,226	-3,905	-	-	-14,384	-	-	-45	-23,001	-
Miscellaneous expense (income), net
-11,722	-12,074	7,433	-16,917	-1,048	-622	16,286	-1,555	-2,527	-5,814	618
Income before income taxes
43,511	71,050	83,315	62,445	54,783	-42,836	78,190	-288,487	21,090	37,276	-43,555
Income tax expense
8,119	14,130	46,413	17,868	-45,100	-34,227	14,285	97,617	18,132	21,873	-3,515
Income from continuing operations
35,392	56,920	36,902	44,577	99,883	-8,609	63,905	-386,104	2,958	-	-40,040
Income from discontinued operations, net of income taxes
-27,977	24,026	20,866	-64,464	-36,779	94,840	8,540	13,070	2,176	-	-325
Net income
7,415	80,946	57,768	-19,887	63,104	86,231	72,445	-373,034	5,134	15,403	-40,365
Less: Net income attributable to noncontrolling interests
1,377	853	714	930	-996	160	503	1,234	730	1,577	2,551
Dividends on preferred stock
-	-	-	-	-	-	-	-	165	660	705
Net income attributable to Ferro Corporation common shareholders
6,038	80,093	57,054	-20,817	64,100	86,071	71,942	-374,268	4,239	13,166	-43,621
Amounts attributable to Ferro Corporation:
Net income attributable to Ferro Corporation from continuing operations, net of income tax
34,305	56,069	36,198	43,647	100,879	-8,769	63,402	-387,338	2,228	-	-42,591
Loss from discontinued operations, net of income taxes
-28,267	24,024	20,856	-64,464	-36,779	94,840	8,540	13,070	2,176	-	-325
Income attributable to Ferro Corporation
6,038	80,093	57,054	-20,817	64,100	86,071	71,942	-374,268	4,404	13,826	-42,916
Weighted-average common shares outstanding
82,083	83,940	83,713	83,298	86,718	86,920	86,484	86,288	86,119	85,823	50,935
Incremental common shares attributable to performance shares, deferred stock units, restricted stock units, and stock options
808	1,145	1,443	1,612	1,715	-	1,013	-	659	716	-
Weighted-average diluted shares outstanding
82,891	85,085	85,156	84,910	88,433	86,920	87,497	86,288	86,778	86,539	50,935
Earnings per share attributable to Ferro Corporation common shareholders:
Basic earnings:
Continuing operations
0.41	0.67	0.43	0.52	1.16	-0.10	0.73	-4.49	0.02	-	-0.85
Discontinued operations
-0.34	0.28	0.25	-0.77	-0.42	1.09	0.10	0.15	0.03	-	-0.01
Basic earnings
0.07	0.95	0.68	-0.25	0.74	0.99	0.83	-4.34	0.05	0.15	-0.86
Diluted earnings:
Continuing operations
0.41	0.66	0.43	0.51	1.14	-0.10	0.72	-4.49	0.02	-	-0.85
Discontinued operations
-0.34	0.28	0.24	-0.76	-0.42	1.09	0.10	0.15	0.03	-	-0.01
Diluted earnings
0.07	0.94	0.67	-0.25	0.72	0.99	0.82	-4.34	0.05	0.15	-0.86