Hexcel corporation (HXL)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net sales

2,355

2,189

1,973

2,004

1,861

1,855

1,678

1,578

1,392

1,173

1,108

1,324

Cost of sales

1,715

1,608

1,421

1,439

1,328

1,346

1,224

1,171

1,050

891

859

1,035

Gross margin

640

580

551

564

532

508

454

406

342

282

248

289

Selling, general and administrative expenses

158

146

151

157

156

149

141

130

120

118

107

112

Research and technology expenses

56

55

49

46

44

47

41

36

32

30

30

31

Other expense (income), net

-

-

-

-

-

-

-

9

3

-3

7

10

Business consolidation and restructuring expenses

-

-

-

-

-

-

-

-

-

-

-

3

Other operating expense

-

-7

-

-

-

6

-

-

-

-

-

-

Operating income

425

371

350

360

332

305

270

248

192

129

103

130

Interest expense, net

45

37

27

22

14

8

7

10

11

23

26

20

Non-operating expense

-

-

-

-0

-

-0

-1

-1

-4

-6

-

-

Income before income taxes, and equity in earnings from affiliated companies

379

333

323

337

318

297

262

237

175

99

77

110

Provision for income taxes

76

62

42

90

83

89

76

74

41

22

22

15

Income before equity in earnings from affiliated companies

302

271

280

247

235

208

186

163

133

76

55

95

Equity in earnings from affiliated companies

3

5

3

2

2

1

1

0

1

0

0

16

Net income

306

276

284

249

237

209

187

164

135

77

56

111

Basic net income per common share

3.61

3.15

3.13

2.69

2.48

2.16

1.88

1.64

1.37

0.79

0.58

1.15

Diluted net income per common share

3.57

3.11

3.09

2.65

2.44

2.12

1.84

1.61

1.35

0.77

0.57

1.14

Weighted-average common shares:
Basic

84

87

90

92

95

96

100

100

98

97

96

96

Diluted

85

89

91

94

97

98

102

102

100

99

98

97