INNOSPEC INC. IOSP Income Statement

Innospec inc. (IOSP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
1,497,300	1,513,300	1,517,600	1,508,800	1,504,500	1,476,900	1,435,700	1,405,000	1,373,200	1,306,800	1,190,800	1,063,900	965,600	883,400	891,600	940,300	955,200	1,012,300	1,057,000	1,031,000	1,009,400	960,900	911,800	876,400	840,100	818,800	790,900	781,500	775,000	776,400	763,200	781,900	789,900	774,400	747,900	714,200	0	0	0
Cost of goods sold
1,035,000	1,047,100	1,052,900	1,052,200	1,056,200	1,041,900	1,008,900	990,400	956,300	903,500	804,600	697,300	618,600	551,100	564,400	601,900	614,800	666,300	703,200	694,000	691,300	658,900	629,300	610,100	583,000	563,600	545,300	542,600	538,800	540,000	534,000	545,700	552,300	548,000	524,700	494,700	0	0	0
Gross profit
462,300	466,200	464,700	456,600	448,300	435,000	426,800	414,600	416,900	403,300	386,200	366,600	347,000	332,300	327,200	338,400	340,400	346,000	353,800	337,000	318,100	302,000	282,500	266,300	257,100	255,200	245,600	238,900	236,200	236,400	229,200	236,200	237,600	226,400	223,200	219,500	0	0	0
Operating expenses:
Selling, general and administrative
272,800	280,900	278,100	271,600	266,200	261,000	261,600	258,800	255,100	244,200	244,000	238,200	229,200	216,700	208,200	204,800	201,900	206,700	198,700	188,400	175,900	169,200	165,200	154,600	148,400	142,100	134,700	131,200	127,000	119,100	114,600	158,900	162,100	158,300	155,700	107,200	0	0	0
Research and development
34,900	35,400	35,300	33,700	34,200	33,400	32,700	32,500	32,300	31,400	29,600	28,200	25,900	25,400	25,600	25,700	26,000	25,300	24,200	23,600	22,700	22,200	21,900	21,600	21,300	21,200	21,800	20,900	20,600	19,600	19,000	18,900	18,600	18,300	18,200	18,000	0	0	0
Restructuring charge
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	800	700	700	600	0	300	0	0	0
Adjustment to fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-9,400	-15,400	-21,600	-45,800	-40,700	-33,500	-25,000	1,600	-1,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of subsidiary
-	-	-	-	-	-	-	-	-	-	0	0	-	-1,400	-1,400	200	200	1,600	1,600	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange loss on liquidation of subsidiary
-	-	-	-	-	-	-	-	-	-1,800	-1,800	-1,800	-1,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Octane Additives segment goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,300	1,200	1,200	1,200	1,200	1,500	1,700	2,000	2,300	2,200	0	0	0
Profit on disposal, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0	0
Total operating expenses
307,700	316,300	315,700	312,400	307,500	301,500	299,000	291,200	288,300	278,300	273,300	263,800	249,100	234,100	219,800	208,700	181,900	189,700	187,800	187,000	200,200	189,500	187,400	176,900	170,700	164,600	157,700	153,200	148,700	139,900	135,500	180,000	183,100	179,200	176,200	127,500	0	0	0
Operating income
154,600	149,900	149,000	144,200	140,800	133,500	127,800	123,400	128,600	125,000	112,900	102,800	97,900	98,200	107,400	129,700	158,500	156,300	166,000	150,000	117,900	112,500	95,100	89,400	86,400	90,600	87,900	85,700	87,500	96,500	93,700	56,200	54,500	47,200	47,000	92,000	0	0	0
Other income, net
5,100	5,300	5,800	3,600	6,600	5,000	9,200	13,400	13,700	11,300	11,300	3,300	8,500	8,100	5,200	11,400	-1,800	0	-2,400	-2,600	1,400	1,800	7,100	5,300	5,000	4,100	500	1,200	-2,100	-2,000	-5,900	-10,100	2,100	6,300	20,500	14,000	0	0	0
Interest expense, net
-3,900	-4,800	-5,700	-6,100	-6,700	-6,900	-7,200	-7,500	-7,700	-8,200	-7,300	-5,900	-4,600	-3,200	-3,300	-3,600	-3,800	-4,000	-3,800	-3,600	-3,500	-3,400	-5,800	-4,500	-3,200	-1,900	1,900	1,800	1,800	1,800	2,400	2,800	3,300	3,900	4,100	4,500	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	500	600	600	700	600	600	600	500	500	0	0	0
Income before income tax expense
155,800	150,400	149,100	141,700	140,700	131,600	129,800	129,300	134,600	128,100	116,900	100,200	101,800	103,100	109,300	137,500	152,900	152,300	159,800	143,800	115,800	110,900	98,900	91,800	88,900	92,800	86,900	85,600	84,200	93,300	86,100	43,900	53,900	50,200	63,900	102,000	0	0	0
Income tax expense
39,200	38,200	47,600	49,700	49,200	46,600	70,000	66,800	67,800	66,300	28,200	23,400	22,200	21,800	18,600	22,600	32,400	32,800	43,900	42,700	30,700	26,800	14,000	13,700	12,200	15,000	26,500	23,700	23,900	26,400	12,700	2,800	3,700	3,100	4,600	13,900	0	0	0
Net income
116,600	112,200	101,500	92,000	91,500	85,000	59,800	62,500	66,800	61,800	88,700	76,800	79,600	81,300	90,700	114,900	120,500	119,500	115,900	101,100	85,100	84,100	84,900	78,100	76,700	77,800	60,400	61,900	60,300	66,900	73,400	41,100	50,200	47,100	59,300	88,100	0	0	0
Earnings per share:
Basic
1.35	1.27	1.23	0.91	1.17	0.84	0.84	0.89	0.91	-0.20	0.97	1.08	0.71	0.91	0.48	1.21	0.79	1.31	1.48	1.43	0.74	1.15	0.85	0.76	0.69	1.20	0.59	0.73	0.77	0.48	0.67	0.67	1.07	0.76	-0.71	1.04	0.91	1.26	0.50
Diluted
1.34	1.25	1.22	0.90	1.17	0.82	0.84	0.89	0.90	-0.19	0.95	1.06	0.70	0.91	0.47	1.18	0.77	1.29	1.45	1.40	0.72	1.11	0.83	0.75	0.69	1.18	0.58	0.71	0.75	0.48	0.65	0.65	1.03	0.75	-0.71	1.00	0.88	1.20	0.48
Weighted average shares outstanding (in thousands):
Basic
24,529	24,517	24,491	24,483	24,437	24,407	24,419	24,409	24,369	24,235	24,137	24,133	24,087	24,023	23,977	23,973	24,019	23,804	24,121	24,202	24,301	24,381	24,420	24,401	24,362	24,051	23,621	23,528	23,404	23,306	23,240	23,147	23,055	46,811	23,711	23,726	23	23,805	23,781
Diluted
24,742	24,925	24,715	24,678	24,594	24,650	24,597	24,591	24,574	24,297	24,565	24,555	24,527	24,366	24,476	24,443	24,483	24,358	24,611	24,671	24,808	25,290	24,915	24,672	24,635	24,456	24,096	24,057	24,015	23,760	23,923	23,894	23,823	49,825	23,711	24,519	24	25,002	25,005