Lincoln electric holdings inc (LECO)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenue from Contract with Customer, Including Assessed Tax

2,946

3,003

3,010

3,017

3,030

3,028

3,032

2,964

2,801

2,624

2,441

2,339

2,304

2,274

2,278

2,356

2,428

2,535

2,651

2,722

2,786

2,813

2,844

2,820

2,819

2,852

2,822

2,828

2,844

2,853

2,863

2,867

2,822

2,694

2,564

2,382

2,198

2,070

1,947

1,841

0

0

0

Cost of goods sold

1,959

1,995

1,993

1,986

1,999

2,000

2,015

1,981

1,872

1,749

1,609

1,525

1,504

1,488

1,490

1,569

1,618

1,694

1,775

1,803

1,842

1,864

1,882

1,867

1,876

1,910

1,909

1,934

1,966

1,986

2,015

2,047

2,031

1,957

1,874

1,733

1,596

1,506

1,406

1,338

0

0

0

Gross profit

986

1,007

1,016

1,030

1,030

1,028

1,016

982

928

875

831

813

800

786

787

787

809

841

876

918

943

949

961

952

942

942

912

893

877

866

847

820

790

736

690

648

601

563

541

503

0

0

0

Selling, general & administrative expenses

610

621

626

626

626

627

626

612

579

541

504

488

478

468

463

473

480

496

511

520

529

545

543

538

536

527

525

515

508

495

484

473

461

439

421

406

391

377

369

352

0

0

0

Rationalization and asset impairment charges (Note 6)

18

15

7

8

18

25

30

28

16

6

0

0

0

-

-

-

-

-

0

0

-

30

30

7

7

8

13

9

10

9

4

1

-0

0

2

2

-0

-0

4

11

0

0

0

Pension settlement charges (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on deconsolidation of Venezuelan subsidiary (Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bargain purchase gain (Note 5)

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

357

370

383

395

384

375

356

391

382

376

379

325

287

283

283

117

166

181

208

368

383

373

387

406

398

406

373

367

359

362

358

344

328

296

266

240

211

186

167

139

0

0

0

Interest Income (Expense), Net

-23

-23

-21

-19

-18

-17

-17

-18

-18

-19

-33

-28

-22

-16

1

2

2

2

2

2

2

3

3

3

3

3

3

4

4

3

3

3

3

3

3

2

2

2

2

2

0

0

0

Other income (expense):
Equity earnings in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

2

3

3

4

4

5

5

5

5

4

4

4

5

5

5

5

5

5

4

4

3

3

-6

-2

0

0

0

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

2

2

4

4

4

5

3

4

4

4

4

3

3

2

2

2

2

2

2

2

3

2

1

2

2

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

19

21

23

23

21

18

14

10

10

4

3

3

2

3

3

3

4

5

5

6

6

6

6

6

6

6

7

0

0

0

Other income (expense) (Note 14)

17

20

21

10

10

10

8

9

8

8

23

22

16

10

-13

-16

-16

-11

-8

-2

2

2

8

9

9

9

8

8

8

7

6

5

4

4

3

2

1

0

-7

-4

0

0

0

Income before income taxes

351

368

382

386

377

368

347

382

372

366

370

320

282

277

270

101

150

169

199

365

386

375

396

416

408

416

382

375

367

369

365

350

333

301

269

242

212

187

159

135

0

0

0

Income taxes (Note 15)

74

75

66

72

79

81

123

122

120

118

93

89

81

79

76

28

37

42

45

106

120

121

129

130

126

124

117

109

107

112

112

106

99

84

69

64

57

54

55

48

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

277

293

316

314

297

286

224

259

252

247

276

230

200

198

193

73

112

127

154

259

265

253

266

286

281

291

265

266

259

257

252

243

234

217

200

178

155

132

103

86

0

0

0

Non-controlling interests in subsidiaries’ earnings (loss)

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

-0

0

-0

-0

-0

-1

-2

-2

-2

-1

-0

-0

-0

-0

-0

-0

-0

-0

0

1

1

2

2

0

0

0

Net income

277

293

316

314

297

287

224

259

252

247

276

230

200

198

193

73

112

127

153

260

266

254

267

288

283

293

267

266

259

257

253

243

234

217

200

177

153

130

101

84

0

0

0

Basic weighted average shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

84

42

42

42

Effect of dilutive securities - stock options and awards (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Diluted weighted average shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

85

42

42

42

Basic earnings per share (Note 3)

0.92

1.05

1.18

1.37

1.13

1.35

1.09

1.05

0.93

0.37

1.61

0.93

0.85

0.81

0.90

0.46

0.77

0.69

-0.82

0.95

0.90

0.97

0.58

0.97

0.70

1.08

0.81

0.88

0.81

0.75

0.78

0.80

0.77

0.69

0.66

0.69

0.56

0.21

0.39

0.38

0.56

0.30

0.36

Diluted earnings per share (Note 3)

0.91

1.03

1.17

1.36

1.12

1.34

1.07

1.04

0.92

0.36

1.59

0.92

0.84

0.81

0.89

0.45

0.76

0.69

-0.82

0.94

0.89

0.96

0.57

0.96

0.69

1.07

0.80

0.87

0.80

0.74

0.77

0.79

0.76

0.67

0.66

0.68

0.55

0.22

0.38

0.38

0.55

0.30

0.35

Cash dividends declared per share

0.49

0.49

0.47

0.47

0.47

0.47

0.39

0.39

0.39

0.39

0.35

0.35

0.35

0.35

0.32

0.32

0.32

0.32

0.29

0.29

0.29

0.29

0.23

0.23

0.23

0.23

0.20

0.20

0.20

0.20

0.17

0.17

0.17

0.17

0.15

0.15

0.15

0.01

0.14

0.14

0.28

0.27

0.27