GREIF, INC GEF Income Statement

Greif, inc (GEF)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Jul'09
Net sales
1,112,400	1,232,100	1,252,600	1,213,300	897,000	987,700	1,012,100	968,300	905,700	968,100	961,800	887,400	820,900	867,600	845,000	839,600	771,400	868,500	930,000	915,900	902,300	1,048,100	1,124,000	1,065,500	1,001,500	992,700	1,129,700	1,088,900	1,008,600	935,600	1,102,900	1,098,200	992,800	1,131,600	1,121,900	1,050,800	943,900	994,205	921,333	836,580	709,682	717,567
Cost of products sold
889,800	973,100	973,200	964,600	724,200	782,900	795,000	773,000	734,000	785,700	774,700	705,500	657,600	684,200	668,500	665,900	620,100	700,500	763,200	734,800	748,400	845,200	906,300	861,200	815,400	767,100	912,400	886,300	821,900	741,200	900,700	892,700	815,400	926,600	911,100	843,900	768,300	790,072	730,294	668,064	571,970	578,140
Gross profit
222,600	259,000	279,400	248,700	172,800	204,800	217,100	195,300	171,700	182,400	187,100	181,900	163,300	183,400	176,500	173,700	151,300	168,000	166,800	181,100	153,900	202,900	217,700	204,300	186,100	225,600	217,300	202,600	186,700	194,400	202,200	205,500	177,400	205,000	210,800	206,900	175,600	204,133	191,039	168,516	137,712	139,427
Selling, general and administrative expenses
135,400	130,400	138,900	140,000	98,100	91,500	99,400	102,700	103,600	93,500	92,600	97,000	96,600	96,500	92,600	94,500	93,200	96,000	96,900	108,500	111,800	113,600	129,100	132,700	121,300	114,600	118,200	121,900	122,600	120,800	116,800	119,100	113,100	116,800	110,400	114,500	107,500	100,589	90,461	91,668	82,382	67,374
Restructuring Charges
3,300	5,800	9,100	7,500	3,700	4,800	3,700	6,000	4,100	4,000	3,900	5,100	-300	9,000	10,200	5,400	2,300	13,300	16,200	7,300	3,200	5,600	4,200	3,900	2,400	1,700	1,900	-100	1,300	200	3,900	10,100	8,900	-	-	-	-	6,134	9,779	4,790	5,997	10,277
Acquisition and integration related costs
5,100	7,500	5,800	13,800	2,600	0	500	0	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timberland gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,300	0	24,300	24,300	0	0	8,700	8,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash asset impairment charges
100	5,700	0	0	2,100	4,200	800	400	2,900	1,900	2,000	2,000	1,900	6,500	4,100	1,700	39,100	23,600	17,600	4,500	200	19,900	15,400	0	200	-	2,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of properties, plants and equipment, net
500	6,800	1,300	4,900	900	-1,900	1,400	1,500	4,600	-3,500	1,100	1,800	1,000	800	700	7,900	900	-2,300	7,000	700	1,600	2,800	1,400	1,500	2,600	-500	1,800	3,100	1,200	1,200	3,300	2,000	1,100	-	-	-	-	4,496	4,875	701	1,328	5,256
Gain (Loss) on Disposition of Assets
-	-	-1,300	-1,700	-	-	-100	0	-	-3,900	800	1,900	-500	-18,600	1,300	2,800	0	-700	1,100	-10,400	800	21,200	-9,100	1,200	-1,800	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
79,200	115,700	125,600	90,600	67,200	103,300	114,000	87,700	65,500	61,900	90,500	81,500	65,600	53,600	71,600	82,800	17,600	32,100	44,200	51,100	65,400	37,500	61,300	79,100	71,400	97,000	96,700	83,900	64,000	61,400	84,800	78,300	56,500	66,500	106,200	90,300	67,200	101,906	95,674	72,759	50,661	67,032
Interest expense, net
-30,700	-32,400	-34,500	-33,900	-11,700	-12,600	-12,100	-13,000	-13,300	-13,400	-13,700	-14,300	-18,700	-17,200	-19,800	-19,900	-18,500	-18,600	-18,400	-18,200	-19,600	-20,300	-20,700	-20,400	-20,400	-21,600	-19,200	-21,400	-21,600	-158,000	21,900	23,300	22,900	-127,100	17,500	17,700	15,900	17,918	15,935	16,759	14,888	12,125
Debt extinguishment charges
-	-	-100	-21,900	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,300	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash pension settlement income
100	-	0	-	0	-	-400	-	-	-1,500	-1,000	-1,100	-23,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (income) expense, net
-1,300	-1,600	1,100	-2,300	200	-3,400	-4,800	-2,500	-7,700	-3,800	-1,400	-3,200	-3,600	-1,600	-2,700	-1,700	-3,000	-2,200	1,600	-2,500	-100	-2,900	-1,600	-2,200	-2,800	-5,200	-4,000	-800	-3,100	-7,000	1,800	-2,700	200	-	-	-	-	2,728	713	896	2,763	4,245
Income before income tax expense and equity earnings of unconsolidated affiliates, net
47,300	81,700	92,100	32,500	55,700	86,400	96,700	72,200	44,500	43,200	74,400	62,900	19,800	34,800	49,100	61,200	-3,900	11,300	27,400	30,400	45,700	14,300	39,000	56,500	48,200	70,200	73,500	61,700	38,000	32,600	64,700	52,300	33,800	37,400	84,200	65,300	53,200	81,260	79,026	55,104	33,010	50,662
Income tax expense
11,400	12,400	26,800	11,500	20,000	42,100	25,700	21,100	-15,600	5,200	27,200	23,000	11,800	28,300	3,500	28,700	6,000	2,600	18,700	9,600	17,500	50,800	28,200	19,500	16,500	40,100	25,900	19,600	13,200	10,000	25,000	15,100	11,000	-53,400	17,300	90,300	13,100	11,910	14,408	10,514	6,668	11,489
Equity earnings of unconsolidated affiliates, net of tax
200	500	2,200	100	100	1,200	1,000	800	0	-	300	0	-	-	800	-	-	-	600	-300	-	1,000	700	100	100	1,400	1,200	200	100	0	-700	2,000	0	-	-	-	-	328	3,141	242	-111	374
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
36,100	69,800	67,500	21,100	35,800	45,500	72,000	51,900	60,100	39,700	47,500	39,900	8,000	6,500	46,400	32,500	-9,900	9,200	9,300	20,500	28,200	-35,500	11,500	37,100	31,800	31,500	48,800	42,300	24,900	22,600	39,000	39,200	22,800	18,100	68,400	50,500	40,600	69,678	67,759	44,832	26,231	39,547
Net Income (Loss) Attributable to Noncontrolling Interest
3,800	4,800	4,800	7,500	6,100	5,400	4,300	6,800	3,600	6,400	3,600	3,900	2,600	-2,000	300	1,100	1,200	-3,200	700	-300	-1,900	-44,200	-2,200	-1,300	1,100	1,500	2,100	-2,100	1,300	3,100	1,500	-200	1,100	5,700	-2,400	-200	-200	306	1,784	2,198	1,412	1,736
Net income attributable to Greif, Inc.
32,300	65,000	62,700	13,600	29,700	40,100	67,700	45,100	56,500	33,300	43,900	36,000	5,400	8,500	46,100	31,400	-11,100	12,400	8,600	20,800	30,100	8,700	13,700	38,400	30,700	34,200	46,700	40,200	23,600	19,500	37,500	39,400	21,700	18,000	66,000	50,300	40,400	69,372	65,975	42,634	24,819	37,811
Class A Common Stock
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share)
0.55	1.09	1.06	0.23	0.51	0.68	1.15	0.77	0.96	0.57	0.74	0.61	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share)
0.55	1.09	1.06	0.23	0.51	0.67	1.15	0.77	0.96	0.57	0.74	0.61	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
26,260	-	26,257	26,300	25,991	-	25,941	25,900	25,800	-	25,800	25,824	25,787	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
26,414	-	26,257	26,300	25,991	-	25,941	25,900	25,845	-	25,835	25,800	25,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per common share (usd per share)
0.44	-	0.44	0.44	0.44	-	0.42	0.42	0.42	-	0.42	0.42	0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B Common Stock
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share)
0.81	1.65	1.59	0.34	0.75	1.03	1.72	1.14	1.44	0.85	1.12	0.92	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share)
0.81	1.65	1.59	0.34	0.75	1.03	1.72	1.14	1.44	0.85	1.12	0.92	0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
22,000	-	22,000	22,000	22,000	-	22,000	22,000	22,000	-	22,000	22,000	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
22,000	-	22,000	22,000	22,000	-	22,000	22,000	22,000	-	22,000	22,000	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per common share (usd per share)
0.65	-	0.66	0.66	0.65	-	0.63	0.63	0.62	-	0.63	0.63	0.62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-