KAISER ALUMINUM CORPORATION KALU Income Statement

Kaiser aluminum corporation (KALU)

Income statement / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Cost of products sold, excluding depreciation and amortization and other items
286,600	298,000	298,600	303,500	315,100	317,300	323,300	343,400	316,700	277,200	256,400	289,600	262,700	233,700	254,700	250,400	262,000	251,000	267,300	294,800	302,300	278,700	280,400	275,500	282,900	254,300	259,500	261,500	263,600	264,800	268,900	284,400	298,100	250,400	297,700	300,000	280,900	228,900	229,300	255,900	232,000	188,300	170,300
Revenue from Contract with Customer, Excluding Assessed Tax
369,300	368,700	374,900	375,300	395,200	389,400	393,100	415,400	388,000	353,100	332,800	356,300	355,300	331,900	320,600	334,900	343,200	316,600	336,400	367,200	371,700	338,000	338,900	344,100	335,100	311,300	319,900	328,900	337,400	314,000	335,500	345,200	365,400	317,600	322,300	338,800	322,600	265,800	263,400	282,400	267,500	252,000	232,100
Costs and expenses:
Lower of cost or market inventory write-down
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,900	2,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	10,900	4,000	4,300	-1,700	-1,500	-4,500	-10,400	-3,600	1,600	2,000	4,100	1,500	-4,200	-700	-100	12,300	-100	3,100	-	-	-	-	-	-	-	-	-	-
Impairment of investment in Anglesey
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200
Restructuring benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-	-	600	-400	100	-600	100	5,100
Depreciation and amortization
13,200	12,800	12,300	12,100	11,900	11,500	11,000	10,900	10,500	10,400	10,200	9,500	9,600	9,300	9,000	9,000	8,700	8,200	8,100	8,100	8,000	8,000	8,000	7,700	7,400	7,200	6,900	7,000	7,000	6,900	6,700	6,600	6,300	6,300	6,200	6,400	6,300	6,000	4,800	5,000	4,000	3,900	4,300
Selling, general, administrative, research and development
23,900	22,300	23,300	27,200	25,200	22,400	23,900	26,400	23,600	22,800	24,700	26,300	23,700	25,800	25,600	27,500	26,100	20,700	21,100	23,600	22,700	20,100	19,000	22,000	20,300	17,900	19,000	21,800	21,700	25,800	16,000	14,400	17,900	15,400	13,700	18,000	15,600	18,500	16,500	15,400	17,300	17,100	17,100
(Gain) loss on removal of Union VEBA net assets Note 4
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	984,300	2,900	-1,600	-492,200	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net periodic postretirement benefit cost relating to Salaried VEBA
-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	900	800	-	600	600	600	-	-6,000	-6,100	-5,600	-	-5,600	-5,700	-5,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pre-tax loss on settlement of Union VEBA
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total selling, general, administrative, research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,400	28,400	26,800	23,800	18,800	25,800	515,500	14,100	13,000	15,900	14,700	12,300	13,400	16,100	16,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	-	-	0	18,400	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges, net
-	-	0	100	-	-1,500	0	0	100	-800	0	0	0	-	2,700	100	-	-	0	0	-	-	-1,300	-200	-	-	0	0	-	-	0	-100	-	-	-100	-300	-	-	0	2,000	-	0	900
Total costs and expenses
323,700	359,100	334,200	342,900	352,200	352,500	358,200	380,700	350,900	311,200	291,300	343,800	296,000	283,300	290,800	277,000	298,400	281,400	295,900	330,200	830,300	311,200	306,300	297,700	303,000	269,700	278,300	288,800	287,400	290,100	279,300	305,600	319,200	302,000	317,400	324,100	302,800	256,700	250,200	278,400	252,700	209,400	197,100
Operating income
45,600	9,600	40,700	32,400	43,000	36,900	34,900	34,700	37,100	41,900	41,500	12,500	59,300	48,600	29,800	57,900	44,800	35,200	40,500	37,000	-458,600	26,800	32,600	46,400	32,100	41,600	41,600	40,100	50,000	23,900	56,200	39,600	46,200	15,600	4,900	14,700	19,800	9,100	13,200	4,000	14,800	42,600	35,000
Other (expense) income:
Interest expense
6,100	-41,900	5,800	5,800	5,700	-39,700	5,700	5,700	5,600	-38,600	5,300	5,500	5,600	-35,000	5,500	5,500	3,700	-44,000	4,900	5,200	9,800	-65,200	9,700	9,200	8,800	-62,800	8,800	9,000	9,300	-48,900	9,200	6,500	4,100	-31,200	4,300	4,400	4,500	4,600	3,700	3,500	0	200	200
Other Nonoperating Income (Expense)
-800	-20,300	-800	-100	500	-1,200	700	-500	100	-500	-200	-100	800	-3,200	0	-10,700	300	-1,700	-900	400	400	800	2,200	1,800	1,900	2,500	2,900	-800	1,000	600	400	1,100	700	2,100	3,900	-3,400	1,700	-1,500	-3,600	700	200	100	0
Income before income taxes
38,700	-18,000	34,100	26,500	37,800	30,000	29,900	28,500	31,600	35,600	36,000	6,900	54,500	39,800	24,300	41,700	41,400	29,300	34,700	32,200	-468,000	17,800	25,100	39,000	25,200	35,500	35,700	30,300	41,700	15,200	47,400	34,200	42,800	12,900	4,500	6,900	17,000	3,000	5,900	1,200	15,000	42,500	34,800
Income Tax Expense (Benefit)
9,600	-7,400	8,700	7,300	9,800	6,400	8,200	7,800	5,900	50,800	16,100	2,200	18,500	15,300	9,400	15,700	15,100	16,000	12,600	12,000	-175,800	2,200	9,200	14,500	9,400	8,200	10,300	11,700	8,200	6,100	18,200	13,200	16,300	6,800	400	2,800	6,200	5,400	400	1,100	6,200	19,500	15,200
Net Income (Loss) Attributable to Parent
29,100	-10,600	25,400	19,200	28,000	23,600	21,700	20,700	25,700	-15,200	19,900	4,700	36,000	24,500	14,900	26,000	26,300	13,300	22,100	20,200	-292,200	15,600	15,900	24,500	15,800	27,300	25,400	18,600	33,500	9,100	29,200	21,000	26,500	6,100	4,100	4,100	10,800	-2,400	5,500	100	8,800	23,000	19,600
Net income per common share:
Basic (in dollars per share)
1.83	-0.64	1.59	1.19	1.74	1.44	1.31	1.24	1.54	-0.86	1.18	0.28	2.07	1.39	0.84	1.45	1.47	0.61	1.29	1.19	-16.85	0.86	0.90	1.38	0.88	1.45	1.37	0.99	1.75	0.48	1.52	1.10	1.39	0.32	0.21	0.22	0.57	-0.13	0.29	0.01	0.44	1.14	0.97
Diluted (in dollars per share)
1.81	-0.63	1.57	1.18	1.71	1.41	1.29	1.22	1.51	-0.84	1.16	0.27	2.04	1.40	0.82	1.43	1.44	0.77	1.21	1.11	-16.85	0.83	0.85	1.33	0.85	1.39	1.34	0.98	1.73	0.47	1.51	1.09	1.38	0.33	0.21	0.21	0.57	-0.13	0.29	0.01	0.44	1.14	0.97
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic (shares)
15,838	15,861	15,956	16,063	16,108	16,375	16,573	16,685	16,707	16,762	16,834	17,003	17,385	17,676	17,841	17,871	17,864	17,331	17,123	17,006	17,344	17,803	17,707	17,841	17,921	18,875	18,548	18,742	19,143	19,110	19,154	19,137	19,059	18,983	18,999	18,984	18,950	39,629	18,941	18,917	20	19	19
Weighted Average Number of Shares Outstanding, Diluted
16,008	16,075	16,125	16,240	16,372	16,777	16,783	16,905	17,031	17,072	17,160	17,201	17,603	17,563	18,175	18,194	18,200	15,096	18,172	18,192	17,344	18,781	18,619	18,458	18,514	19,615	19,058	18,945	19,366	19,463	19,288	19,200	19,161	18,382	19,197	19,176	19,161	39,629	18,941	18,917	20	19	19
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.50	0.50	0.50	0.50	0.45	0.45	0.45	0.45	0.40	0.40	0.40	0.40	-	0.35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Add: dilutive effect of non-vested common shares, restricted stock units, performance shares and market-based shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131	-	134	-	-	-	-	-	-	-	-	-	-	-	-