The middleby corporation (MIDD)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'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, Excluding Assessed Tax

2,950,103

2,959,446

2,928,492

2,917,809

2,824,933

2,722,931

2,599,118

2,478,830

2,390,045

2,335,542

2,299,500

2,280,681

2,281,794

2,267,852

2,205,742

2,080,522

1,936,357

1,726,886

1,682,171

1,670,656

1,636,538

1,578,963

1,534,687

1,473,712

1,428,685

1,342,877

1,240,563

1,136,802

1,038,174

990,322

951,343

902,158

855,907

819,380

778,453

741,010

719,121

665,877

646,685

0

0

0

Cost of sales

1,853,728

1,855,949

1,834,085

1,832,270

1,775,114

1,718,791

1,635,402

1,547,755

1,475,121

1,422,801

1,387,746

1,365,718

1,367,937

1,366,672

1,344,867

1,274,193

1,190,641

1,050,198

1,020,285

1,015,485

995,953

956,702

933,368

901,993

878,674

830,352

769,031

700,028

635,185

600,926

575,074

542,368

511,770

491,802

467,506

445,976

432,444

400,256

390,411

0

0

0

Gross profit

1,096,375

1,103,497

1,094,407

1,085,539

1,049,819

1,004,140

963,716

931,075

914,924

912,741

911,754

914,963

913,857

901,180

860,875

806,329

745,716

676,688

661,886

655,171

640,585

622,261

601,319

571,719

550,011

512,525

471,532

436,774

402,989

389,396

376,269

359,790

344,137

327,578

310,947

295,034

286,677

265,621

256,274

0

0

0

Selling, General and Administrative Expense

581,846

593,813

584,514

581,426

571,803

538,842

516,074

489,559

476,183

468,219

488,980

483,263

476,830

471,638

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling and distribution expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182,418

179,947

182,717

182,578

176,158

175,921

166,457

155,639

143,274

127,470

117,106

106,129

103,835

102,425

95,720

91,113

88,027

81,248

78,715

75,772

70,798

69,690

0

0

0

General and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

163,103

156,602

156,216

157,016

150,930

142,683

137,961

140,809

140,586

135,456

126,049

108,776

111,222

109,748

110,064

104,314

101,140

96,463

88,602

88,117

78,574

75,401

0

0

0

Restructuring Charges

10,972

10,480

7,893

15,781

17,981

19,332

20,759

12,866

19,919

19,951

19,816

16,747

11,643

10,524

25,076

29,673

24,760

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) Related to Litigation Settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations

518,396

514,043

502,000

488,332

460,035

445,966

368,883

370,650

372,864

378,613

415,000

426,995

425,384

419,018

392,360

350,951

322,398

312,265

318,700

311,079

300,432

292,591

273,614

258,200

244,462

228,665

208,606

193,619

188,084

174,339

164,096

154,006

148,710

138,411

133,236

127,717

122,788

116,249

111,183

0

0

0

Net interest expense and deferred financing amortization, net

77,802

82,609

83,706

82,003

70,439

58,742

46,296

33,703

29,001

25,983

24,162

24,052

24,409

23,880

22,721

20,505

18,494

15,562

15,233

15,354

15,592

16,223

16,577

16,454

15,901

13,921

12,660

10,581

9,238

9,046

8,382

8,534

8,503

8,197

8,050

8,177

8,592

9,695

10,375

0

0

0

Net Periodic Benefit Cost, Other Components

-31,185

-28,857

-32,301

-34,351

-36,170

-38,114

-34,011

-33,599

-33,095

-31,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (income) expense, net

-2,411

2,328

-965

739

761

-1,825

-99

709

-135

-829

-3,627

-7,847

-3,707

-1,040

3,153

4,364

892

-8,133

-7,185

-7,746

-4,050

-2,835

-3,236

-3,432

-2,780

-2,752

-4,123

-3,352

-4,406

-2,389

800

-1,188

241

-539

-842

546

40

-306

-887

0

0

0

Earnings before income taxes

469,368

462,619

449,630

441,419

426,527

423,513

356,499

371,255

376,823

383,529

440,181

439,253

432,813

421,305

372,792

334,810

304,796

288,570

296,282

287,979

280,790

273,533

253,801

238,314

225,781

211,992

191,823

179,686

174,440

162,904

156,514

144,284

140,448

129,675

124,344

120,086

114,236

106,248

99,921

0

0

0

Provision for income taxes

112,379

110,379

111,546

112,450

105,780

106,361

59,000

71,990

83,977

85,401

136,303

134,195

132,433

137,089

119,225

108,269

96,879

95,498

92,322

89,881

87,478

82,049

81,088

76,843

71,853

70,197

61,201

55,182

53,743

45,436

45,354

44,541

44,975

47,767

45,295

43,156

41,369

38,874

39,435

0

0

0

Net Income (Loss) Attributable to Parent

357,006

352,240

338,082

328,967

320,745

317,152

297,499

299,265

292,846

298,128

303,878

305,058

300,380

284,216

253,567

226,541

207,917

193,072

203,960

198,098

193,312

191,484

172,713

161,471

153,928

141,795

130,622

124,504

120,697

117,468

111,160

99,743

95,473

81,908

79,049

76,930

72,867

67,374

60,486

0

0

0

Net earnings per share:
Earnings Per Share, Basic

1.33

1.96

1.47

1.66

1.24

1.71

1.31

1.51

1.18

1.36

1.31

1.35

1.24

1.41

1.33

1.28

0.96

0.86

0.95

0.67

0.92

1.05

0.85

0.59

-0.05

0.73

0.67

1.41

-2.33

1.63

1.70

1.22

1.91

1.30

1.09

1.00

1.17

1.16

0.98

0.78

0.88

0.78

Earnings Per Share, Diluted

1.33

1.96

1.47

1.66

1.24

1.70

1.31

1.51

1.18

1.36

1.31

1.35

1.24

1.41

1.33

1.28

0.96

0.86

0.95

0.67

0.91

1.05

0.85

0.59

-0.05

0.73

0.67

1.39

-2.27

1.60

1.67

1.20

1.86

1.26

1.06

0.97

1.14

1.13

0.96

0.74

0.83

0.74

Weighted average number of shares
Basic (in shares)

55,396

55,664

55,663

55,660

55,601

55,578

55,577

55,576

55,573

55,648

56,810

57,299

57,103

57,025

57,022

57,022

57,051

56,963

56,963

56,917

56,867

56,866

56,866

56,457

92,995

56,179

55,755

18,395

162,797

18,296

18,267

18,148

17,999

18,040

18,052

17,901

17,772

17,815

17,863

17,754

17,600

17,584

Dilutive common stock equivalents (in shares)

2

36

0

0

0

112

0

0

0

16

0

0

0

220

0

0

0

3

2

1

75

2

1

2

908

48

89

223

812

284

307

317

533

540

527

544

264

459

459

962

1,154

1,051

Diluted (in shares)

55,398

55,700

55,663

55,660

55,601

55,690

55,577

55,576

55,573

55,664

56,810

57,299

57,103

57,245

57,022

57,022

57,051

56,966

56,965

56,918

56,942

56,868

56,867

56,459

93,903

56,227

55,844

18,618

163,609

18,580

18,574

18,465

18,532

18,580

18,579

18,445

18,036

18,274

18,322

18,716

18,754

18,635

Comprehensive income

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-