KAPSTONE PAPER & PACKAGING CORP KS Income Statement

Kapstone paper & packaging corp (KS)

Income statement / Quarterly

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
893,595	912,736	799,195	858,682	868,418	822,717	765,843	777,495	776,636	784,911	738,215	764,238	807,563	671,255	546,289	563,413	598,106	590,449	548,952	563,425	538,603	326,321	319,813	300,991	309,544	306,259	299,843	268,753	215,842	214,786	206,738	207,493	199,119
Cost of sales, excluding depreciation and amortization
593,231	635,441	554,821	591,152	622,964	594,078	562,461	569,533	548,811	568,831	533,277	572,946	569,267	470,478	382,198	387,397	388,641	392,245	383,248	383,885	352,346	225,753	224,946	219,624	219,091	213,335	214,074	196,781	146,038	143,143	142,651	142,212	146,684
Depreciation and amortization
45,129	47,329	46,365	47,937	47,462	46,054	45,348	46,685	44,954	46,035	44,539	47,562	42,500	36,996	35,121	34,968	34,997	33,874	32,709	32,436	28,522	17,253	17,224	17,016	15,605	15,327	15,176	14,507	11,960	12,778	11,791	11,129	11,149
Freight and distribution expenses
82,158	78,253	76,586	74,201	77,043	75,640	72,988	71,236	71,750	70,978	65,059	66,528	70,623	53,891	43,427	44,072	46,173	44,924	40,732	40,524	39,679	27,849	27,920	26,814	27,945	27,936	25,743	22,814	19,319	19,681	17,829	20,161	20,048
Selling, general, and administrative expenses
61,721	67,494	63,611	68,566	62,767	67,313	66,485	51,720	56,113	55,554	60,740	60,592	63,577	48,481	38,194	34,638	34,133	34,093	34,145	32,874	37,538	21,072	19,128	19,008	16,039	17,436	17,572	14,373	8,720	8,866	9,306	7,631	8,942
Merger expenses
4,590	2,368	13,532	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	177	196	202	36	200	230	198	309	292	290	288	250	227
Gain on sale of property
680	0	7,453	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
107,446	81,851	51,733	76,826	58,182	39,632	18,561	31,945	55,008	43,513	34,600	16,610	61,596	61,409	47,349	62,338	94,162	85,313	58,118	73,806	80,695	34,590	30,797	18,565	31,064	32,455	27,476	20,587	30,097	30,608	25,449	26,610	12,523
Foreign exchange loss / (gain)
187	-984	37	-508	415	1,004	82	-737	-543	-872	-103	-852	-766	-53	-885	-363	-960	125	-24	95	359	89	-311	96	-11	-508	120	-198	-456	45	290	301	-532
Pension and postretirement income
3,092	3,091	-	-	1,563	1,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension income
-	-	3,092	-	-	-	1,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-456	-	-	-	-631	-	-	-	-679	-	-	-	-628	-	-	-	-2,963	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity method investments income
311	720	520	375	671	29	677	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-15,865	-15,711	-14,345	-14,077	-15,164	-12,311	-10,730	-10,113	-10,148	-10,006	-9,811	-9,303	-9,528	-8,515	-6,413	-7,192	-8,099	-7,971	-9,229	-10,308	-9,585	-2,636	-2,601	-2,509	-2,793	-3,193	-3,279	-2,871	-1,036	-1,077	-1,097	-1,310	1,301
Income before provision for income taxes
94,715	68,967	41,037	63,177	45,036	29,917	10,153	27,223	43,638	32,635	24,686	18,068	50,674	52,841	40,051	52,129	82,140	77,467	48,865	63,593	71,469	32,043	27,885	16,152	28,260	28,754	24,317	17,518	28,605	29,576	24,642	25,601	10,699
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9
Provision for income taxes
22,204	15,784	8,296	-124,532	15,010	10,141	4,161	8,885	12,620	11,913	8,512	6,244	16,468	18,585	13,951	18,026	27,886	26,008	16,766	20,119	27,055	11,052	9,426	5,959	9,915	10,350	8,754	-56,678	12,110	11,417	9,511	-12,765	3,606
Net income
72,511	53,183	32,741	187,709	30,026	19,776	5,992	18,338	31,018	20,722	16,174	11,824	34,206	34,256	26,100	34,103	54,254	51,459	32,099	43,474	44,414	20,991	18,459	10,193	18,345	18,404	15,563	74,196	16,495	18,159	15,131	38,366	7,093
Other comprehensive income
Foreign currency translation adjustment
307	-657	481	-457	-74	545	359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and postretirement plan reclassification adjustments, net of tax:
Accretion of prior service costs
-48	-48	-48	69	-117	-117	-117	-104	-104	-104	-104	1,377	12	12	12	35	31	30	32	-11	-11	-10	-11	133	27	-29	-26	-	-	-	-	-	-
Amortization of net loss
-294	-294	-294	-519	-635	-636	-636	-542	-620	-620	-621	72	-192	-191	-191	2	2	1	2	-45	-48	-48	-48	-202	-42	41	41	-	-	-	-	-	-
Other comprehensive income, net of tax
553	-411	727	10,246	444	1,064	878	389	516	516	517	-11,877	204	203	203	-59,612	29	29	30	10,525	37	38	37	-848	69	70	67	-	-102	-100	-	-	-
Total comprehensive income
73,064	52,772	33,468	197,955	30,470	20,840	6,870	18,727	31,534	21,238	16,691	-53	34,410	34,459	26,303	-25,509	54,283	51,488	32,129	53,999	44,451	21,029	18,496	9,345	18,414	18,474	15,630	71,836	16,597	18,259	15,131	-	-
Weighted average number of shares outstanding:
Basic (in shares)
97,874	97,787	97,331	97,006	96,931	96,801	96,698	96,635	96,581	96,517	96,399	96,327	96,310	96,269	96,123	96,029	95,958	95,892	95,720	95,432	95,457	95,140	95,004	233,848	46,747	46,620	46,491	231,573	46,379	46,250	46,093	45,984	45,917
Diluted (in shares)
100,135	100,043	99,716	98,769	98,707	98,520	98,463	98,080	97,888	97,629	97,509	97,585	97,629	97,664	97,662	97,586	97,515	97,418	97,315	96,992	96,997	96,475	96,492	238,310	47,914	47,744	47,841	237,535	47,494	47,416	47,454	47,049	47,004
Net income per share:
Basic (in dollars per share)
0.74	0.54	0.34	1.94	0.31	0.20	0.06	0.19	0.32	0.21	0.17	0.12	0.36	0.36	0.27	0.34	0.57	0.54	0.34	0.46	0.47	0.22	0.19	-0.44	0.39	0.39	0.33	0.26	0.36	0.39	0.33	0.83	0.15
Diluted (in dollars per share)
0.72	0.53	0.33	1.91	0.30	0.20	0.06	0.18	0.32	0.21	0.17	0.12	0.35	0.35	0.27	0.34	0.56	0.53	0.33	0.45	0.46	0.22	0.19	-0.45	0.38	0.39	0.33	0.26	0.35	0.38	0.32	0.82	0.15
Dividends declared per common share
0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-