Kapstone paper & packaging corp (KS)
Income statement / TTM
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

3,464,208

3,439,031

3,349,012

3,315,660

3,234,473

3,142,691

3,104,885

3,077,257

3,064,000

3,094,927

2,981,271

2,789,345

2,588,520

2,379,063

2,298,257

2,300,920

2,300,932

2,241,429

1,977,301

1,748,162

1,485,728

1,256,669

1,236,607

1,216,637

1,184,399

1,090,697

999,224

906,119

844,859

828,136

0

0

0

Cost of sales, excluding depreciation and amortization

2,374,645

2,404,378

2,363,015

2,370,655

2,349,036

2,274,883

2,249,636

2,220,452

2,223,865

2,244,321

2,145,968

1,994,889

1,809,340

1,628,714

1,550,481

1,551,531

1,548,019

1,511,724

1,345,232

1,186,930

1,022,669

889,414

876,996

866,124

843,281

770,228

700,036

628,613

574,044

574,690

0

0

0

Depreciation and amortization

186,760

189,093

187,818

186,801

185,549

183,041

183,022

182,213

183,090

180,636

171,597

162,179

149,585

142,082

138,960

136,548

134,016

127,541

110,920

95,435

80,015

67,098

65,172

63,124

60,615

56,970

54,421

51,036

47,658

46,847

0

0

0

Freight and distribution expenses

311,198

306,083

303,470

299,872

296,907

291,614

286,952

279,023

274,315

273,188

256,101

234,469

212,013

187,563

178,596

175,901

172,353

165,859

148,784

135,972

122,262

110,528

110,615

108,438

104,438

95,812

87,557

79,643

76,990

77,719

0

0

0

Selling, general, and administrative expenses

261,392

262,438

262,257

265,131

248,285

241,631

229,872

224,127

232,999

240,463

233,390

210,844

184,890

155,446

141,058

137,009

135,245

138,650

125,629

110,612

96,746

75,247

71,611

70,055

65,420

58,101

49,531

41,265

34,523

34,745

0

0

0

Merger expenses

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

675

611

634

668

664

937

1,029

1,089

1,179

1,120

1,055

0

0

0

Gain on sale of property

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

317,856

268,592

226,373

193,201

148,320

145,146

149,027

165,066

149,731

156,319

174,215

186,964

232,692

265,258

289,162

299,931

311,399

297,932

247,209

219,888

164,647

115,016

112,881

109,560

111,582

110,615

108,768

106,741

112,764

95,190

0

0

0

Foreign exchange loss / (gain)

-1,268

-1,040

948

993

764

-194

-2,070

-2,255

-2,370

-2,593

-1,774

-2,556

-2,067

-2,261

-2,083

-1,222

-764

555

519

232

233

-137

-734

-303

-597

-1,042

-489

-319

180

104

0

0

0

Pension and postretirement income

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension income

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments income

1,926

2,286

1,595

1,752

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-59,998

-59,297

-55,897

-52,282

-48,318

-43,302

-40,997

-40,078

-39,268

-38,648

-37,157

-33,759

-31,648

-30,219

-29,675

-32,491

-35,607

-37,093

-31,758

-25,130

-17,331

-10,539

-11,096

-11,774

-12,136

-10,379

-8,263

-6,081

-4,520

-2,183

0

0

0

Income before provision for income taxes

267,896

218,217

179,167

148,283

112,329

110,931

113,649

128,182

119,027

126,063

146,269

161,634

195,695

227,161

251,787

260,601

272,065

261,394

215,970

194,990

147,549

104,340

101,051

97,483

98,849

99,194

100,016

100,341

108,424

90,518

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Provision for income taxes

-78,248

-85,442

-91,085

-95,220

38,197

35,807

37,579

41,930

39,289

43,137

49,809

55,248

67,030

78,448

85,871

88,686

90,779

89,948

74,992

67,652

53,492

36,352

35,650

34,978

-27,659

-25,464

-24,397

-23,640

20,273

11,769

0

0

0

Net income

346,144

303,659

270,252

243,503

74,132

75,124

76,070

86,252

79,738

82,926

96,460

106,386

128,665

148,713

165,916

171,915

181,286

171,446

140,978

127,338

94,057

67,988

65,401

62,505

126,508

124,658

124,413

123,981

88,151

78,749

0

0

0

Other comprehensive income
Foreign currency translation adjustment

-326

-707

495

373

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and postretirement plan reclassification adjustments, net of tax:
Accretion of prior service costs

-75

-144

-213

-282

-455

-442

-429

-416

1,065

1,181

1,297

1,413

71

90

108

128

82

40

0

-43

101

139

120

105

0

0

0

-

-

-

-

-

-

Amortization of net loss

-1,401

-1,742

-2,084

-2,426

-2,449

-2,434

-2,418

-2,403

-1,789

-1,361

-932

-502

-572

-378

-186

7

-40

-90

-139

-189

-346

-340

-251

-162

0

0

0

-

-

-

-

-

-

Other comprehensive income, net of tax

11,115

11,006

12,481

12,632

2,775

2,847

2,299

1,938

-10,328

-10,640

-10,953

-11,267

-59,002

-59,177

-59,351

-59,524

10,613

10,621

10,630

10,637

-736

-704

-672

-642

104

-65

0

-

0

0

-

-

-

Total comprehensive income

357,259

314,665

282,733

256,135

76,907

77,971

78,369

88,190

69,410

72,286

85,507

95,119

69,663

89,536

106,565

112,391

191,899

182,067

151,608

137,975

93,321

67,284

64,729

61,863

124,354

122,537

122,322

121,823

0

0

0

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-