Masco Corporation MAS Income Statement

Masco corporation (MAS)

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	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net sales
1,581	972	1,947	2,275	1,513	533	1,904	2,297	1,920	225	1,945	2,066	1,778	1,763	1,877	2,001	1,720	1,715	1,839	1,929	1,659	1,331	1,834	1,876	1,965	586	2,150	2,149	1,876	1,831	1,913	1,945	1,806	1,441	1,978	1,998	1,753	1,326	1,957	2,048	1,852	1,763	2,084	2,013	1,797	2,511	2,643
Cost of sales
1,034	570	1,282	1,493	991	198	1,281	1,547	1,301	13	1,288	1,320	1,173	1,184	1,263	1,301	1,151	1,183	1,250	1,292	1,164	915	1,312	1,301	1,418	351	1,543	1,540	1,368	1,380	1,413	1,424	1,322	1,106	1,483	1,466	1,328	1,056	1,463	1,502	1,360	1,276	1,517	1,470	1,384	1,863	1,943
Gross profit
547	402	665	782	522	335	623	750	619	212	657	746	605	579	614	700	569	532	589	637	495	416	522	575	547	235	607	609	508	451	500	521	484	335	495	532	425	270	494	546	492	487	567	543	413	648	700
Selling, general and administrative expenses
322	219	349	390	316	146	337	392	375	121	348	374	348	330	345	365	335	320	331	358	330	257	341	354	395	155	395	421	376	375	391	392	377	333	380	431	399	337	392	427	414	415	429	427	407	454	485
Income from litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-1	-75	2	-	-1	-5	-	-	-	-	-	-	-	-	-	-	-
Impairment charge for other intangible assets
0	0	0	0	9	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge for defined-benefit plan curtailment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8	0	0
Operating Income (Loss)
225	183	316	392	197	189	286	358	244	91	309	372	257	249	269	335	234	212	258	279	165	167	181	221	152	80	212	188	132	31	108	54	109	-451	114	96	26	-765	102	119	78	-182	138	116	-2	194	215
Other income (expense), net:
Interest expense
35	40	39	41	39	39	38	38	41	40	43	153	43	43	43	87	56	54	54	61	56	56	57	56	56	57	58	60	60	60	62	68	64	64	63	64	63	63	63	67	58	56	56	57	56	59	57
Impairment charges for financial investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	33	-	0	0	7	3	1	3
Other, net
-16	2	-8	-4	-5	-3	0	-8	-3	-69	-2	43	-4	-31	1	5	-1	2	-6	3	1	1	7	6	-3	-14	6	4	13	3	5	2	15	2	22	32	21	8	-1	-3	2	-	7	15	-	4	4
Nonoperating Income (Expense)
-51	-38	-47	-45	-44	-42	-38	-46	-44	-109	-45	-110	-47	-74	-42	-82	-57	-52	-60	-58	-55	-55	-50	-50	-59	-71	-52	-56	-47	-57	-57	-66	-49	-62	-41	-32	-42	-56	-64	-103	-56	-49	-49	-49	-59	-56	-56
Income from continuing operations before income taxes
174	145	269	347	153	147	248	312	200	-18	264	262	210	175	227	253	177	160	198	221	110	112	131	171	93	9	160	132	85	-26	51	-12	60	-513	73	64	-16	-821	38	16	22	-231	89	67	-61	138	159
Income Tax Expense (Benefit)
33	27	73	95	35	27	67	88	39	-3	100	86	62	67	81	90	58	74	77	102	40	15	-415	34	5	71	-38	39	14	37	16	31	7	-95	4	38	13	188	31	4	18	-79	26	-8	17	92	75
Income from continuing operations
141	-	196	-	118	-	181	-	-	-	-	-	-	-	-	-	-	86	121	119	70	97	546	137	88	14	122	93	71	-63	35	-43	53	-418	69	26	-29	-	-	-	-	-152	63	75	-78	46	84
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
538	463	138	252	127	208	191	224	161	92	164	176	148	108	146	163	119	85	121	115	73	109	556	152	86	59	120	88	62	-80	24	-67	44	-568	49	20	-34	-1,025	7	12	4	-174	40	63	-74	44	94
Less: Net income attributable to noncontrolling interest
8	10	12	12	11	14	11	13	12	12	12	13	10	8	12	13	10	10	10	10	9	9	13	13	12	11	11	10	9	7	9	8	11	29	13	12	-12	9	12	9	11	-65	12	8	7	11	12
Net income attributable to Masco Corporation
530	453	126	240	116	194	180	211	149	80	152	163	138	100	134	150	109	75	111	105	64	100	543	139	74	48	109	78	53	-87	15	-75	33	-573	36	8	-46	-1,034	-5	3	-7	-185	28	55	-81	33	82
Earnings Per Share [Abstract]
Basic:
Income from continuing operations (in dollars per share)
0.49	-	0.64	-	0.36	-	0.56	-	-	-	-	-	-	-	-	-	-	0.22	0.33	0.32	0.17	0.26	1.49	0.35	0.21	0.01	0.31	0.23	0.17	-0.20	0.07	-0.15	0.12	-1.22	0.16	0.04	-0.12	-	-	-	-	-0.47	0.14	0.19	-0.24	0.09	0.20
(Loss) income from discontinued operations, net (in dollars per share)
1.44	-	-0.20	-	0.03	-	0.03	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	-0.01	0.01	0.04	0.03	0.04	-0.01	0.13	-0.01	-0.01	-0.03	-0.04	-0.03	-0.07	-0.03	-0.43	-0.06	-0.02	-0.01	-	-	-	-	-0.07	-0.06	-0.03	0.01	-0.01	0.03
Net income (in dollars per share)
1.93	1.59	0.44	0.82	0.39	0.62	0.59	0.69	0.48	0.26	0.48	0.51	0.43	0.30	0.41	0.45	0.33	0.22	0.33	0.30	0.18	0.28	1.52	0.39	0.21	0.12	0.31	0.22	0.15	-0.24	0.04	-0.22	0.09	-1.65	0.10	0.02	-0.13	-2.97	-0.02	0.01	-0.02	-0.53	0.08	0.15	-0.23	0.09	0.23
Diluted:
Income from continuing operations (in dollars per share)
0.48	-	0.64	-	0.36	-	0.55	-	-	-	-	-	-	-	-	-	-	0.23	0.32	0.31	0.17	0.24	1.48	0.35	0.21	0.01	0.31	0.23	0.17	-0.20	0.07	-0.15	0.12	-1.22	0.16	0.04	-0.12	-	-	-	-	-0.47	0.14	0.19	-0.24	0.09	0.20
(Loss) income from discontinued operations, net (in dollars per share)
1.44	-	-0.20	-	0.03	-	0.03	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	-0.01	0.01	0.04	0.03	0.04	-0.01	0.13	-0.01	-0.01	-0.03	-0.04	-0.03	-0.07	-0.03	-0.43	-0.06	-0.02	-0.01	-	-	-	-	-0.07	-0.06	-0.03	0.01	-0.01	0.03
Net income (in dollars per share)
1.92	1.57	0.44	0.82	0.39	0.64	0.58	0.68	0.47	0.24	0.48	0.51	0.43	0.31	0.40	0.45	0.32	0.22	0.32	0.30	0.18	0.27	1.51	0.39	0.21	0.13	0.30	0.22	0.15	-0.24	0.04	-0.22	0.09	-1.65	0.10	0.02	-0.13	-2.97	-0.02	0.01	-0.02	-0.53	0.08	0.15	-0.23	0.09	0.23
Amounts attributable to Masco Corporation:
Income from continuing operations
133	-	184	-	107	-	170	-	-	-	-	-	-	-	-	-	-	76	111	109	61	88	533	124	76	3	111	83	62	-70	26	-51	42	-423	56	14	-41	-	-	-	-	-163	51	67	-85	35	72
Income from discontinued operations, net
397	-	-58	-	9	-	10	-	-	-	-	-	-	-	-	-	-	-1	0	-4	3	12	10	15	-2	45	-2	-5	-9	-17	-11	-24	-9	-150	-20	-6	-5	-	-	-	-	-22	-23	-12	4	-2	10
Loss from discontinued operations, net
397	-	-58	-	9	-	10	-	-	-	-	-	-	-	-	-	-	-1	0	-4	3	12	10	15	-2	45	-2	-5	-9	-17	-11	-24	-9	-150	-20	-6	-5	-	-	-	-	-22	-23	-12	4	-2	10
Net income attributable to Masco Corporation
530	453	126	240	116	194	180	211	149	80	152	163	138	100	134	150	109	75	111	105	64	100	543	139	74	48	109	78	53	-87	15	-75	33	-573	36	8	-46	-1,034	-5	3	-7	-185	28	55	-81	33	82