Itt inc. (ITT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Product revenue

-

-

-

-

-

-

-

-

-

-

-

9,181

7,057

Service revenue

-

-

-

-

-

-

-

-

-

-

-

2,295

1,945

Revenue

2,846

2,745

2,585

2,405

2,485

2,654

2,496

2,227

2,085

1,890

1,770

11,476

9,003

Costs of product revenue

-

-

-

-

-

-

-

-

-

-

-

6,255

4,746

Costs of service revenue

-

-

-

-

-

-

-

-

-

-

-

2,007

1,688

Costs of revenue

1,936

1,857

1,765

1,644

1,676

1,788

1,697

1,547

1,440

1,286

1,207

8,262

6,435

Gross profit

910

887

819

760

809

866

799

680

645

603

563

3,214

2,568

General and administrative expenses

254

259

258

260

258

300

299

234

166

176

201

-

-

Sales and marketing expenses

165

168

169

169

183

219

216

180

163

164

149

-

-

Selling, general and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

1,689

1,328

Research and development expenses

97

98

93

80

78

76

67

62

63

59

53

236

182

Loss (gain) on sale or disposal of long-lived assets

-1

40

0

0

-

-

-

-

-

-

-

-

-

Asbestos-related (benefit) costs, net

-20

4

-19

-25

-91

3

32

50

100

384

-238

14

13

Transformation costs

-

-

-

-

-

-

-

-

396

-

0

-

-

Restructuring and asset impairment charges, net

-

-

-

-

-

-

-

-

-

-

43

77

66

Operating Income (Loss)

411

397

319

276

380

266

183

151

-244

-180

-121

1,198

977

Interest and non-operating expenses (income), net

-3

6

9

18

-2

4

3

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

0

76

97

98

140

114

Interest income

-

-

-

-

-

-

-

2

4

10

17

31

49

Miscellaneous expense (income), net

-

-

-

-

-

-

-

5

-1

5

6

13

13

Income from continuing operations before income tax expense

414

391

309

258

382

262

180

149

-315

-272

-208

1,076

898

Income tax expense

89

57

194

76

70

71

-309

39

260

-142

-97

308

265

Income from continuing operations

324

333

114

182

312

190

490

109

-576

-130

-111

768

633

Gain on sale of discontinued operation, including tax benefit of $4

-

-

-

-

-

-

-

-

-

-

0

-

-

Net income

-

-

-

186

351

186

490

125

-129

804

629

795

742

Income from discontinued operations, net of tax

1

1

-1

4

39

-3

0

15

447

934

740

27

109

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

326

334

113

-

-

-

-

-

-

-

-

-

-

Less: Income attributable to noncontrolling interests

1

0

-0

0

-0

2

2

0

0

-

-

-

-

Net income attributable to ITT Inc.

325

333

113

186

351

184

488

125

-129

-

-

-

-

Amounts attributable to ITT Inc.:
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

323

332

115

181

312

188

487

109

-576

-

-

-

-

Income from discontinued operations, net of tax

1

1

-1

4

39

-3

0

15

447

934

740

27

109

Net income attributable to ITT Inc.

325

333

113

186

351

184

488

125

-129

-

-

-

-

Earnings per share attributable to ITT Inc.:
Basic:
Net income attributable to ITT Corporation

-

-

-

186

351

-

-

-

-

804

629

795

742

Continuing operations

3.69

3.79

1.30

2.04

3.48

2.06

5.36

1.18

-6.22

-1.42

-

4.22

3.49

Discontinued operations

0.02

0.02

-0.01

0.05

0.44

-0.04

0.01

0.17

4.82

10.17

-

0.15

0.60

Net income

3.71

3.81

1.29

2.09

3.92

2.02

5.37

1.35

-1.40

8.75

-

4.37

4.09

Diluted:
Continuing operations

3.65

3.75

1.29

2.02

3.44

2.03

5.28

1.16

-6.22

-1.42

-

4.17

3.43

Discontinued operations

0.02

0.01

-0.01

0.05

0.44

-0.04

0.01

0.17

4.82

10.17

-

0.15

0.59

Net income

3.67

3.76

1.28

2.07

3.88

1.99

5.29

1.33

-1.40

8.75

6.89

4.32

4.02

Weighted average common shares – basic

87

87

88

89

89

91

91

93

92

92

-

181

181

Weighted Average Number of Shares Outstanding, Diluted

88

88

89

89

90

92

92

94

92

92

-

184

184

Continuing operations

-

-

-

-

-

-

-

-

-

-

-1.21

-

-

Basic and diluted earnings per share related to discontinued operations

-

-

-

-

-

-

-

-

-

-

8.10

-

-

Weighted average common shares-basic and diluted

-

-

-

-

-

-

-

-

-

-

91

-

-

Cash dividends declared per common share

-

-

-

-

0.47

0.44

0.40

0.36

1.59

2.00

1.70

0.70

0.56