GMS INC. GMS Income Statement

Gms inc. (GMS)

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
Net sales
761,352	861,929	847,176	780,149	723,902	833,837	778,144	635,800	585,508	648,004	642,157	614,977	562,523	591,846	549,800	527,182	420,482	458,077	452,441
Cost of sales (exclusive of depreciation and amortization shown separately below)
507,879	577,436	573,522	523,222	489,676	565,687	533,328	430,008	390,088	435,744	437,053	413,942	376,796	398,622	371,215	352,979	286,322	314,164	311,553
Gross profit
253,473	284,493	273,654	256,927	234,226	268,150	244,816	205,792	195,420	212,260	205,104	201,035	185,727	193,224	178,585	174,203	134,160	143,913	140,888
Operating expenses:
Selling, general and administrative
193,384	200,457	194,631	190,577	178,180	185,268	185,435	161,645	156,262	159,898	156,072	152,962	147,260	149,798	135,058	133,231	112,242	114,352	110,210
Depreciation and amortization
29,422	29,518	29,275	30,130	30,220	30,787	26,322	15,982	16,490	16,713	16,345	17,761	18,316	17,368	15,795	16,879	16,009	15,262	16,065
Total operating expenses
222,806	229,975	223,906	220,707	208,400	216,055	211,757	177,627	172,752	176,611	172,417	170,723	165,576	167,166	150,853	150,110	128,251	129,614	126,275
Operating income
30,667	54,518	49,748	36,220	25,826	52,095	33,059	28,165	22,668	35,649	32,687	30,312	20,151	26,058	27,732	24,093	5,909	14,299	14,613
Other (expense) income:
Interest expense
16,474	17,559	18,277	18,781	19,526	19,182	16,188	8,107	7,871	7,917	7,500	7,198	7,431	7,154	7,577	9,428	9,473	9,260	9,257
Change in fair value of financial instruments
-	-	-	0	0	-376	-6,019	-5,415	-276	-238	-196	-	-	-	-	-	-	-	-
Write-off of debt discount and deferred financing fees
-	707	-	-	-	-	-	0	0	0	74	0	211	1,466	5,426	-	-	-	-
Other income, net
-	813	939	-	-	434	634	604	677	512	486	1,962	1,081	496	593	2,219	533	409	510
Other (expense) income, net
-498	-17,453	-17,338	-37,419	957	-19,124	-21,573	-12,918	-7,470	-7,643	-7,284	-5,618	-6,561	-8,124	-12,410	-7,228	-8,940	-8,851	-8,747
Total other expense, net
-16,972	-	-	-	-18,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before taxes
13,695	37,065	32,410	18,327	7,257	32,971	11,486	15,247	15,198	28,006	25,403	24,694	13,590	17,934	15,322	16,865	-3,031	5,448	5,866
Provision for income taxes
2,816	7,927	7,590	1,702	1,442	8,059	2,836	5,328	-4,488	9,983	10,060	10,422	5,363	710	6,159	7,925	-819	2,623	2,855
Net income
10,879	29,138	24,820	16,625	5,815	24,912	8,650	9,919	19,686	18,023	15,343	14,272	8,227	17,224	9,163	8,940	-2,212	2,825	3,011
Weighted average common shares outstanding:
Basic (in shares)
42,223	41,761	41,001	40,501	40,912	41,149	41,094	41,047	41,036	41,006	40,971	40,953	40,943	40,943	38,200	32,889	32,890	32,737	32,677
Diluted (in shares)
42,949	42,635	41,615	40,993	41,371	41,918	42,074	42,150	42,228	42,146	42,128	42,779	41,578	41,320	38,602	33,880	32,890	32,898	32,830
Net income per common share:
Basic (in dollars per share)
0.26	0.70	0.60	0.39	0.14	0.59	0.21	0.25	0.48	0.44	0.37	0.35	0.20	0.42	0.24	0.27	-0.07	0.09	0.09
Diluted (in dollars per share)
0.25	0.68	0.59	0.39	0.14	0.58	0.20	0.23	0.47	0.43	0.36	0.33	0.20	0.42	0.24	0.27	-0.07	0.09	0.09
Comprehensive income
Net income
10,879	29,138	24,820	16,625	5,815	24,912	8,650	9,919	19,686	18,023	15,343	14,272	8,227	17,224	9,163	8,940	-2,212	2,825	3,011
Foreign currency translation income (loss)
-2,504	-409	11,860	-13,499	-128	-4,902	-3,791	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other comprehensive income, net of tax
-547	-3,602	-6,065	-5,186	0	378	113	528	401	243	153	26	226	100	-88	-69	-384	-524	-181
Comprehensive income
7,828	25,127	30,615	-2,060	5,687	20,388	4,972	10,447	20,087	18,266	15,496	14,298	8,453	17,324	9,075	8,871	-2,596	2,301	2,830