| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
1,772 | 1,710 | 1,475 | 1,416 | 1,626 | 1,555 | 1,478 | 1,555 | 1,466 | 1,190 | 1,124 | 1,364 |
Cost of sales | |||||||||||
1,430 | 1,375 | 1,153 | 1,126 | 1,366 | 1,343 | 1,264 | 1,324 | 1,242 | 1,003 | 946 | 1,140 |
Depreciation and amortization | |||||||||||
55 | 50 | 49 | 52 | 59 | 44 | 29 | 27 | 26 | 26 | 24 | 30 |
Loss on sale of assets | |||||||||||
0 | -8 | 0 | 2 | 3 | 0 | 0 | - | - | - | - | - |
Impairment and restructuring charges | |||||||||||
6 | 4 | 16 | 20 | 42 | 17 | 11 | 0 | 0 | - | - | - |
Selling, general and administrative expenses | |||||||||||
150 | 161 | 132 | 125 | 124 | 116 | 71 | 75 | 74 | 62 | 58 | 64 |
Operating profit | |||||||||||
130 | 110 | 123 | 93 | -29 | 33 | 100 | 126 | 122 | 98 | 94 | 130 |
Other income, net | |||||||||||
0 | 0 | 2 | 0 | 0 | 0 | 3 | 1 | 0 | 2 | -0 | 1 |
Interest expense | |||||||||||
62 | 56 | 42 | 50 | 50 | 39 | 26 | 27 | 27 | 27 | 36 | 42 |
Goodwill impairment | |||||||||||
- | - | - | - | 67 | 0 | 0 | - | - | - | - | - |
Loss on pension settlements | |||||||||||
0 | 0 | -10 | -4 | 0 | - | - | - | - | - | - | - |
Loss on extinguishment of debt | |||||||||||
0 | 0 | -13 | 0 | 0 | - | - | - | - | - | -22 | 1 |
Income from continuing operations before income taxes | |||||||||||
68 | 54 | 60 | 38 | -80 | -5 | 77 | 100 | 96 | 73 | 35 | 90 |
Income tax provision | |||||||||||
1 | 26 | 29 | 11 | -4 | 34 | 36 | 33 | 38 | 28 | 13 | 41 |
Income from continuing operations | |||||||||||
67 | 28 | 31 | 27 | -75 | -40 | 40 | 67 | 57 | 44 | 21 | 48 |
(Loss) income from discontinued operations, net of tax benefit (expense) of $0.8 and $(1.1) | |||||||||||
-0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | -19 | -0 | - | 4 |
Loss on sale of Koppers Arch, net of tax benefit of $0.1 | |||||||||||
- | - | - | - | - | - | - | - | - | -0 | 0 | 0 |
Loss on sale of Monessen, net of tax benefit of $0.2 | |||||||||||
- | - | - | - | - | - | - | - | - | - | -0 | 85 |
Net (loss) income | |||||||||||
67 | 29 | 30 | 27 | -76 | -39 | 40 | 67 | 37 | 44 | 21 | 138 |
Net (loss) income attributable to noncontrolling interests | |||||||||||
0 | 5 | 1 | -1 | -4 | -7 | -0 | 1 | 0 | -0 | 2 | 0 |
Net (loss) income attributable to Koppers | |||||||||||
66 | 23 | 29 | 29 | -72 | -32 | 40 | 65 | 36 | 44 | 18 | 138 |
Earnings (loss) per common share attributable to Koppers common shareholders: | |||||||||||
Basic - | |||||||||||
Continuing operations | |||||||||||
3.23 | 1.10 | 1.44 | 1.39 | -3.50 | -1.61 | 1.96 | 3.18 | 2.75 | 2.14 | 0.93 | 2.31 |
Discontinued operations | |||||||||||
0.00 | 0.02 | -0.04 | 0.03 | -0.01 | 0.03 | 0.00 | -0.01 | -0.96 | 0.00 | -0.01 | 4.37 |
(Loss) earnings per basic common share | |||||||||||
3.23 | 1.12 | 1.40 | 1.42 | -3.51 | -1.58 | 1.96 | 3.17 | 1.79 | 2.14 | 0.92 | 6.68 |
Diluted - | |||||||||||
Continuing operations | |||||||||||
3.16 | 1.08 | 1.36 | 1.36 | -3.50 | -1.61 | 1.94 | 3.14 | 2.72 | 2.13 | 0.92 | 2.30 |
Discontinued operations | |||||||||||
0.00 | 0.02 | -0.04 | 0.03 | -0.01 | 0.03 | 0.00 | -0.01 | -0.95 | 0.00 | -0.01 | 4.35 |
(Loss) earnings per diluted common share | |||||||||||
3.16 | 1.10 | 1.32 | 1.39 | -3.51 | -1.58 | 1.94 | 3.13 | 1.77 | 2.13 | 0.91 | 6.65 |
Weighted average shares outstanding (in thousands): | |||||||||||
Basic | |||||||||||
20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Diluted | |||||||||||
21 | 21 | 22 | 21 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Dividends declared per common share | |||||||||||
- | - | - | - | - | 1.00 | 1.00 | 0.96 | 0.88 | 0.88 | 0.88 | 0.88 |