| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Sales | ||||||||||
4,388,000 | 4,178,000 | 3,347,000 | 3,199,000 | 3,505,000 | 3,766,000 | 3,672,000 | 4,384,000 | 4,622,000 | 3,530,000 | 3,020,000 |
Cost of sales | ||||||||||
3,748,000 | 3,553,000 | 2,850,000 | 2,763,000 | 3,043,000 | 3,279,000 | 3,277,000 | 3,902,000 | 4,146,000 | 3,105,000 | 2,717,000 |
GROSS PROFIT | ||||||||||
640,000 | 625,000 | 497,000 | 436,000 | 462,000 | 487,000 | 395,000 | 482,000 | 476,000 | 425,000 | 303,000 |
Selling, general and administrative | ||||||||||
256,000 | 313,000 | 266,000 | 213,000 | 243,000 | 258,000 | 253,000 | 282,000 | 278,000 | 281,000 | 202,000 |
Pension settlement losses | ||||||||||
- | - | - | - | -59,000 | 0 | -109,000 | 0 | 0 | - | - |
Restructuring Charges | ||||||||||
8,000 | 6,000 | 6,000 | 16,000 | 16,000 | 10,000 | 23,000 | 39,000 | 22,000 | 6,000 | 60,000 |
Goodwill impairment | ||||||||||
- | - | - | 15,000 | 15,000 | 0 | 0 | - | - | - | - |
Gain on sale of property | ||||||||||
- | - | - | - | - | - | - | 16,000 | 0 | 0 | - |
Asset impairment charges | ||||||||||
- | - | - | - | - | - | - | - | - | - | 14,000 |
Other operating income (expense), net | ||||||||||
-13,000 | -14,000 | -7,000 | -3,000 | -1,000 | -2,000 | -3,000 | -4,000 | -2,000 | -6,000 | -1,000 |
OPERATING INCOME | ||||||||||
363,000 | 292,000 | 218,000 | 204,000 | 128,000 | 217,000 | 7,000 | 173,000 | 174,000 | 132,000 | 26,000 |
Other income, net | ||||||||||
40,000 | 26,000 | -9,000 | -1,000 | 5,000 | 0 | 3,000 | 7,000 | 10,000 | 2,000 | 0 |
Equity in earnings of ZF Meritor | ||||||||||
- | - | - | - | - | 190,000 | - | - | - | - | - |
Gain on sale of equity investment | ||||||||||
0 | 0 | 243,000 | 0 | 0 | - | 125,000 | 0 | 0 | - | - |
Equity in earnings of other ZF Meritor | ||||||||||
- | - | - | - | - | - | 0 | - | - | - | - |
Equity in earnings of affiliates | ||||||||||
31,000 | 27,000 | 48,000 | 36,000 | 39,000 | 38,000 | 42,000 | 52,000 | 70,000 | 48,000 | 15,000 |
Interest expense, net | ||||||||||
-57,000 | -67,000 | -119,000 | -84,000 | -105,000 | -130,000 | -126,000 | -95,000 | -95,000 | 106,000 | 93,000 |
INCOME BEFORE INCOME TAXES | ||||||||||
377,000 | 278,000 | 381,000 | 155,000 | 67,000 | 315,000 | 51,000 | 137,000 | 159,000 | 76,000 | -52,000 |
Provision for income taxes | ||||||||||
82,000 | 149,000 | 52,000 | -424,000 | 1,000 | 31,000 | 64,000 | 57,000 | 77,000 | 48,000 | 668,000 |
INCOME FROM CONTINUING OPERATIONS | ||||||||||
295,000 | 129,000 | 329,000 | 579,000 | 66,000 | 284,000 | -13,000 | 80,000 | 82,000 | 28,000 | -720,000 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax | ||||||||||
1,000 | -3,000 | -1,000 | -4,000 | -1,000 | -30,000 | -7,000 | -17,000 | -2,000 | -2,000 | -456,000 |
NET INCOME | ||||||||||
296,000 | 126,000 | 328,000 | 575,000 | 65,000 | 254,000 | -20,000 | 63,000 | 80,000 | 26,000 | -1,176,000 |
Less: Net income attributable to noncontrolling interests | ||||||||||
5,000 | 9,000 | 4,000 | 2,000 | 1,000 | 5,000 | 2,000 | 11,000 | 17,000 | 14,000 | 12,000 |
NET INCOME ATTRIBUTABLE TO MERITOR, INC. | ||||||||||
291,000 | 117,000 | 324,000 | 573,000 | 64,000 | 249,000 | -22,000 | 52,000 | 63,000 | 12,000 | -1,188,000 |
NET INCOME (LOSS) ATTRIBUTABLE TO MERITOR, INC. | ||||||||||
Net income from continuing operations | ||||||||||
290,000 | 120,000 | 325,000 | 577,000 | 65,000 | 279,000 | -15,000 | 69,000 | 65,000 | 14,000 | -729,000 |
Income (loss) from discontinued operations | ||||||||||
1,000 | -3,000 | -1,000 | -4,000 | -1,000 | -30,000 | -7,000 | -17,000 | -2,000 | -2,000 | -459,000 |
Net Income (Loss) Attributable to Parent | ||||||||||
291,000 | 117,000 | 324,000 | 573,000 | 64,000 | 249,000 | -22,000 | 52,000 | 63,000 | 12,000 | -1,188,000 |
BASIC EARNINGS (LOSS) PER SHARE | ||||||||||
Continuing operations (in usd per share) | ||||||||||
3.49 | 1.37 | 3.69 | 6.40 | 0.67 | 2.86 | -0.15 | 0.72 | 0.69 | 0.16 | -10.05 |
Discontinued operations (in usd per share) | ||||||||||
0.01 | -0.03 | -0.01 | -0.04 | -0.01 | -0.31 | -0.07 | -0.18 | -0.02 | -0.02 | -6.34 |
Basic earnings per share (in usd per share) | ||||||||||
3.50 | 1.34 | 3.68 | 6.36 | 0.66 | 2.55 | -0.22 | 0.54 | 0.67 | 0.14 | -16.39 |
DILUTED EARNINGS (LOSS) PER SHARE | ||||||||||
Continuing operations (in usd per share) | ||||||||||
3.36 | 1.31 | 3.60 | 6.27 | 0.65 | 2.81 | -0.15 | 0.71 | 0.67 | 0.16 | -10.05 |
Discontinued operations (in usd per share) | ||||||||||
0.01 | -0.03 | -0.01 | -0.04 | -0.01 | -0.30 | -0.07 | -0.17 | -0.02 | -0.02 | -6.34 |
Diluted earnings per share (in usd per share) | ||||||||||
3.37 | 1.28 | 3.59 | 6.23 | 0.64 | 2.51 | -0.22 | 0.54 | 0.65 | 0.14 | -16.39 |
Basic average common shares outstanding (in shares) | ||||||||||
83,200 | 87,500 | 88,000 | 90,100 | 96,900 | 97,500 | 97,100 | 95,900 | 94,100 | 84,700 | 72,500 |
Diluted average common shares outstanding (in shares) | ||||||||||
86,300 | 91,200 | 90,200 | 92,000 | 100,100 | 99,200 | 97,100 | 97,200 | 96,900 | 87,600 | 72,500 |