INVACARE CORPORATION IVC Income Statement

Invacare corporation (IVC)

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
922,985	927,964	939,627	948,412	958,706	972,347	978,122	984,469	971,834	966,497	962,886	980,125	1,021,645	1,047,474	1,083,999	1,099,630	1,110,866	1,142,338	1,177,272	1,214,016	1,254,686	1,270,163	1,273,694	1,289,752	1,307,569	1,334,505	1,339,256	1,364,196	1,392,155	1,415,818	1,220,337	1,315,338	1,409,031	1,482,429	1,788,905	1,763,214	0	0	0
Cost of Revenue
659,385	665,897	677,297	688,078	696,092	704,671	710,326	711,522	701,211	697,246	693,249	707,786	740,733	763,847	788,299	799,733	807,277	829,514	856,881	886,617	912,996	922,775	928,598	935,096	950,934	967,079	966,764	976,499	982,231	988,881	799,760	873,096	947,655	1,008,644	1,268,337	1,247,233	0	0	0
Gross Profit
263,600	262,067	262,330	260,334	262,614	267,676	267,796	272,947	270,623	269,251	269,637	272,339	280,912	283,627	295,700	299,897	303,589	312,824	320,391	327,399	341,690	347,388	345,096	354,656	356,635	367,426	372,492	387,697	409,924	426,937	420,577	442,242	461,376	473,785	520,568	515,981	0	0	0
Selling, General and Administrative Expense
256,558	260,061	263,969	270,375	275,883	281,906	287,633	293,609	295,567	296,816	298,675	300,459	303,460	303,781	306,782	306,540	310,240	318,646	327,862	348,580	366,503	382,065	387,758	387,156	390,899	397,332	403,270	408,972	409,345	406,823	379,561	380,415	388,371	393,435	424,275	424,561	0	0	0
Gain on sale of business
0	-	-	-	0	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of an intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Restructuring Charges
12,529	11,829	5,457	4,749	3,772	3,481	4,966	4,749	9,392	12,274	10,121	9,926	5,628	2,447	2,330	1,833	1,833	1,971	3,645	7,711	9,112	11,112	10,745	8,552	9,054	9,336	14,160	13,451	12,865	10,904	12,257	12,393	10,818	10,257	1,742	431	0	0	0
Operating Income (Loss)
3,516	-10,410	-7,679	-15,373	-17,624	-18,294	-25,123	-25,731	-34,656	-40,159	-39,159	-30,660	-20,790	-15,215	-6,026	-8,452	-8,460	-7,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on Convertible Debt Derivatives
-1,470	-1,197	-8,987	-13,067	-11,618	-11,994	-3,247	3,383	4,455	3,657	3,714	-28	-1,565	-1,268	-2,282	-1,090	-604	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-24,200	-27,909	-34,495	0	0	0
Interest expense
28,438	29,076	29,322	29,445	28,688	28,336	27,941	27,670	25,351	22,907	20,654	18,291	18,020	15,875	12,941	9,481	5,817	4,136	5,026	4,554	4,890	4,887	2,791	2,881	2,650	3,078	3,546	5,021	6,505	7,739	10,382	9,912	9,846	10,106	11,660	15,786	0	0	0
Interest Income, Other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	425	397	-	534	669	721	634	473	332	274	299	265	250	213	181	165	200	196	477	507	574	594	345	384	315	423	492	686	652	1,111	1,247	1,213	1,356	894	0	0	0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
-29,257	-44,025	-27,869	-31,354	-34,280	-34,102	-49,148	-56,063	-63,828	-66,250	-63,195	-48,649	-36,946	-29,557	-16,435	-16,630	-13,492	-11,740	-20,706	-46,291	-51,379	-63,210	-65,233	-44,862	-47,146	-43,459	-49,109	-40,097	-19,384	1,072	-30,765	-16,623	-15,211	-12,480	56,338	41,602	0	0	0
Income Tax Expense (Benefit)
9,452	9,302	8,020	8,520	9,420	9,820	11,191	10,841	10,041	10,291	13,324	14,299	14,074	13,299	11,710	14,285	14,060	14,710	9,500	4,850	6,000	5,550	14,705	12,625	20,375	10,875	3,307	5,482	6,012	15,155	20,048	21,953	8,398	9,280	9,825	8,500	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,450	-30,206	-51,141	-57,379	-68,760	-79,938	-57,487	-67,521	-54,334	-52,416	-45,579	-25,396	-14,083	0	0	0	-	-	-	-	-	-
Net earnings from discontinued operations (net of tax of $1,200)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,596	4,041	5,189	5,794	6,442	12,865	13,968	14,849	15,910	0	0	0	-	-	-	-	-	-
Gain on sale (net of tax of $0; $0 and $140)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	260	-2,225	11,354	11,354	11,094	23,442	31,041	41,621	80,943	71,080	49,902	39,322	0	0	0	0	-	-	-	-	-	-
Total Net Earnings from Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	260	-2,441	11,188	12,031	12,690	27,483	36,230	47,415	87,385	83,945	63,870	54,171	15,910	0	0	0	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-38,709	-53,327	-35,889	-39,874	-43,700	-43,922	-60,339	-66,904	-73,869	-76,541	-76,519	-62,948	-51,020	-42,856	-28,145	-30,915	-27,552	-26,190	-32,647	-39,953	-45,348	-56,070	-52,455	-21,257	-20,106	33,051	31,529	18,291	28,775	1,827	-25,908	-15,972	-3,334	-4,113	46,513	33,102	0	0	0
Dividends Declared per Common Share
0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	-	-	0.01	0.01
Net Earnings (Loss) per Share—Basic
Net loss from continuing operations - Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-0.24	-0.26	-0.23	-0.21	-0.90	-0.45	-0.59	-0.55	-0.20	-0.77	-0.18	-0.51	0.02	-0.14	0.18	-	-	-	-	-	-
Net earnings (loss) from discontinued operations - Basic (in dollars per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.09	0.43	0.03	0.03	0.38	0.70	0.38	1.28	0.28	0.07	0.07	0.08	-	-	-	-	-	-
Earnings Per Share, Basic
0.02	-0.55	-0.24	-0.38	-0.42	-0.04	-0.36	-0.50	-0.43	-0.53	-0.57	-0.72	-0.52	-0.54	-0.15	-0.36	-0.27	-0.08	-0.24	-0.26	-0.23	-0.29	-0.47	-0.43	-0.56	-0.17	0.50	-0.39	1.10	-0.22	0.09	-0.07	0.26	-1.09	0.40	0.33	0.23	0.48	-0.02
Weighted Average Number of Shares Outstanding, Basic
33,784	33,663	33,660	33,749	33,304	33,184	33,232	33,169	32,911	32,833	32,867	32,833	32,475	32,872	32,465	32,176	32,371	32,253	32,175	32,131	32,125	32,000	32,006	32,017	32,013	31,954	31,902	31,902	31,902	31,050	31,877	31,818	31,819	31,835	31,873	31,950	32,174	32,431	32,386
Net Earnings (Loss) per Share—Assuming Dilution
Net loss from continuing operations assuming dilution (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-0.24	-0.26	-0.23	-0.21	-0.90	-0.45	-0.59	-0.55	-0.20	-0.77	-0.18	-0.51	0.02	-0.14	0.18	-	-	-	-	-	-
Net earnings (loss) from discontinued operations assuming dilution (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.09	0.42	0.03	0.03	0.37	0.70	0.38	1.28	0.28	0.07	0.07	0.08	-	-	-	-	-	-
Earnings Per Share, Diluted
0.02	-0.55	-0.24	-0.38	-0.42	-0.04	-0.36	-0.50	-0.43	-0.53	-0.57	-0.72	-0.52	-0.54	-0.15	-0.36	-0.27	-0.08	-0.24	-0.26	-0.23	-0.29	-0.47	-0.43	-0.56	-0.18	0.50	-0.39	1.10	-0.22	0.09	-0.07	0.26	-1.08	0.40	0.32	0.23	0.48	-0.02
Weighted Average Number of Shares Outstanding, Diluted
33,853	33,819	33,668	33,764	33,317	32,611	33,766	33,996	33,799	33,595	33,372	33,193	32,704	32,620	32,610	32,530	32,600	32,740	32,715	32,888	32,389	32,077	32,194	32,216	32,301	32,148	32,066	32,024	31,934	31,939	31,901	31,822	31,822	31,208	32,191	33,006	33,015	32,524	32,386
Other comprehensive income (loss):
Foreign currency translation adjustments
-17,795	-8,499	-27,983	-23,220	-37,572	-30,858	-16,024	15,709	65,458	54,591	29,837	-1,010	-17,014	-7,194	-8,194	-268	-17,257	-81,404	-85,926	-113,280	-111,534	-51,508	-10,709	21,917	19,115	10,969	15,218	21,192	-11,456	-9,624	0	0	0	-	-	-	-	-	-
Amortization of prior service costs and unrecognized(losses) gains
-791	-596	4,528	4,631	5,022	4,949	4,630	4,560	3,844	3,596	-1,940	-2,105	-1,685	-1,580	-2,651	-2,384	-1,659	-1,375	-2,184	-2,088	-2,792	-2,178	2,229	2,558	2,779	1,771	-637	-1,034	-1,140	-1,068	-931	-909	-1,054	-851	0	0	0	-	-
Amounts arising during the year, primarily addition of new participants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-320	-320	-166	-299	-168	-1,577	-1,747	-1,879	-2,048	0	0	0	-	-
Deferred tax adjustment resulting from defined benefit plan activity
-72	-48	-55	-14	-25	51	152	128	146	67	161	95	121	134	-3	60	27	44	-421	-389	-360	-213	351	414	487	355	-137	-195	-312	-349	539	566	678	702	0	0	0	-	-
Valuation reserve associated with defined benefit plan activity
-72	-48	-55	-14	-25	51	152	128	146	67	250	184	210	223	0	63	30	47	-264	-234	-203	-222	111	174	239	275	265	209	94	55	-242	-261	-224	-252	0	0	0	-	-
Foreign currency translation adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Current period (gain) loss on cash flow hedges
-204	-571	599	1,351	1,632	1,894	1,535	907	-2,966	-2,088	-1,639	-1,289	-1,941	-1,407	1,092	303	1,876	2,731	-60	1,379	2,848	244	12	-901	-2,078	83	-675	-1,893	-946	-1,730	2,534	3,040	2,413	305	0	0	0	-	-
Deferred tax loss (benefit) related to (gain) loss on cash flow hedges
20	-1	18	50	151	62	178	150	-382	-106	-197	-160	-181	-144	110	3	284	177	-11	414	266	86	57	-275	-155	10	-69	-122	-106	-53	-556	-330	52	-51	0	0	0	-	-
Other Comprehensive Loss
-18,810	-9,665	-22,874	-17,288	-31,069	-24,077	-10,037	21,026	66,718	56,205	26,544	-4,155	-20,370	-9,948	-9,860	-2,349	-18,105	-81,006	-88,786	-115,032	-111,587	-53,537	-9,365	22,855	18,969	12,413	14,385	19,029	-13,185	-12,133	-59,070	-86,220	-20,507	12,245	0	0	0	-	-
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
-57,519	-62,992	-58,763	-57,162	-74,769	-67,999	-70,376	-45,878	-7,151	-20,336	-49,975	-67,103	-71,390	-52,804	-38,005	-33,264	-45,657	-107,196	-121,433	-154,985	-156,935	-109,607	-61,820	1,598	-1,137	45,464	45,914	37,320	15,590	-10,306	-84,978	-102,192	-23,841	8,132	0	0	0	-	-
Net Sales, as a Percent of Net Sales
100.00%	-	100.00%	100.00%	100.00%	-	100.00%	100.00%	100.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Products Sold, as a Percent of Net Sales
71.20%	-	71.30%	72.40%	72.50%	-	73.20%	72.60%	71.90%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit, as a Percent of Net Sales
28.80%	-	28.70%	27.60%	27.50%	-	26.80%	27.40%	28.10%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative expenses, as a Percent of Net Sales
28.30%	-	26.90%	28.90%	29.20%	-	28.60%	30.00%	30.10%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of business, as a Percent of Net Sales
-4.40%	-	-	-	0.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charges related to restructuring activities, as a Percent of Net Sales
0.60%	-	0.70%	0.60%	0.30%	-	0.40%	0.10%	0.20%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Gain (Loss), as a Percent of Net Sales
4.30%	-	1.00%	-1.90%	-2.00%	-	-2.20%	-2.70%	-2.20%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss (gain) on convertible debt derivatives, as a Percent of Net Sales
0.00%	-	0.00%	-0.60%	0.10%	-	-1.70%	0.00%	0.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss (gain) on on debt extinguishment, as a Percent of Net Sales
-	-	0.10%	-	-	-	0.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, as a Percent of Net Sales
3.10%	-	3.00%	3.30%	3.30%	-	2.90%	2.80%	2.90%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income, as a Percent of Net Sales
0.00%	-	0.00%	-0.10%	-0.10%	-	0.00%	-0.10%	-0.10%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) Before Income Taxes, as a Percent of Net Sales
1.30%	-	-2.00%	-4.50%	-5.30%	-	-3.40%	-5.50%	-5.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Provision, as a Percent of Net Sales
1.00%	-	1.40%	0.90%	0.90%	-	1.60%	1.20%	1.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gain (Loss), as a percent of Net Sales
0.30%	-	-3.40%	-5.40%	-6.20%	-	-4.90%	-6.70%	-6.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-