The Manitowoc Company, Inc. MTW Income Statement

The manitowoc company, inc. (MTW)

Income statement / TTM

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	Sep'09	Jun'09
Net sales
1,745,300	1,834,100	1,886,000	1,888,100	1,878,700	1,846,800	1,813,000	1,762,300	1,661,600	1,581,300	1,478,000	1,428,400	1,491,500	1,613,100	1,778,000	1,866,400	1,886,400	1,865,700	778,700	1,326,800	1,861,900	2,305,200	3,953,400	3,979,200	4,003,500	4,048,100	4,060,500	3,995,900	3,956,000	3,913,300	3,768,500	3,756,400	3,709,000	3,589,300	3,418,100	3,289,800	3,159,300	3,111,500	3,192,300	3,420,000	0	0	0
Cost of sales
1,418,200	1,490,000	1,533,000	1,543,500	1,538,800	1,518,700	1,492,900	1,449,700	1,363,200	1,299,400	1,231,800	1,213,900	1,266,000	1,359,800	1,478,200	1,537,500	1,549,900	1,533,500	811,700	1,185,800	1,545,000	1,838,000	2,951,400	2,959,000	2,978,100	3,026,300	3,045,700	3,009,300	2,994,200	2,970,300	2,875,800	2,874,500	2,853,300	2,756,400	2,602,900	2,497,500	2,385,800	2,352,100	2,418,000	2,609,100	0	0	0
Gross profit
327,100	344,100	353,000	344,600	339,900	328,100	320,100	312,600	298,400	281,900	246,200	214,500	225,500	253,300	277,700	331,800	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs and expenses:
Engineering, selling and administrative expenses
222,100	225,600	231,700	239,000	250,600	251,600	251,100	248,000	244,300	245,300	230,400	244,400	259,400	270,400	295,900	300,500	306,600	316,900	111,100	185,600	271,600	350,200	630,800	628,300	622,300	617,600	614,300	617,200	607,300	597,600	581,200	571,900	567,700	561,000	555,200	545,400	524,500	508,900	515,200	535,100	0	0	0
Asset impairment expense
-	-	-	-	-	-	-	0	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
300	300	300	300	300	300	300	300	500	800	1,500	2,200	2,700	3,000	2,900	3,000	2,900	3,000	-20,800	-12,800	-4,700	3,300	35,200	35,000	35,100	35,300	35,100	35,800	36,200	36,500	36,100	36,700	37,000	37,400	37,900	37,500	37,600	37,400	37,100	36,000	0	0	0
Integration expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Restructuring expense
6,800	9,800	10,200	10,100	11,200	12,900	16,900	19,600	21,700	27,200	27,600	27,800	30,700	23,400	26,100	21,800	13,600	9,400	2,300	4,400	4,800	6,600	7,900	6,600	6,500	4,800	9,500	9,800	9,100	9,500	3,400	3,600	5,400	5,500	4,500	5,000	4,300	3,800	15,800	35,900	0	0	0
Other expense
-	-	-	-	-	-	-	-	-	-	-	-800	-1,400	-2,600	-2,400	-1,800	0	-	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Separation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-300	1,000	2,700	2,800	2,500	0	0	0	-	0	0	0	-	-	-	-	-	-
Total operating costs and expenses
229,200	235,700	324,400	331,600	344,700	347,400	268,900	268,500	266,500	273,500	259,800	372,100	391,100	396,300	108,100	11,200	8,500	344,600	-1,684,900	-858,000	-21,300	360,100	3,624,600	3,628,400	3,641,400	3,683,700	3,705,600	3,674,800	3,649,600	3,616,400	3,497,500	3,486,100	3,462,800	3,359,800	3,201,300	3,087,900	2,954,600	2,904,500	2,988,100	3,218,100	0	0	0
Operating income
97,900	108,400	28,600	13,000	-4,800	-19,300	51,200	44,100	31,900	8,400	-13,600	-157,600	-165,600	-143,000	-139,600	-13,600	-3,300	-12,400	-125,500	-36,000	45,200	107,100	328,800	350,800	362,100	364,400	354,900	321,100	306,400	296,900	271,000	270,300	246,200	229,500	216,800	201,900	204,700	207,000	204,200	201,900	0	0	0
Other expense:
Interest expense
29,000	32,700	35,400	38,100	40,000	39,100	39,100	38,800	39,100	39,200	39,400	39,800	40,000	39,600	53,900	67,900	82,000	95,600	95,000	95,700	96,800	92,800	100,700	107,600	114,700	128,400	131,200	134,000	135,600	135,600	134,900	134,500	139,000	145,400	156,700	168,900	173,800	175,000	179,000	173,800	0	0	0
Amortization of deferred financing fees
1,500	1,500	1,600	1,700	1,700	1,800	1,900	1,900	1,900	1,900	1,800	1,800	1,800	2,200	2,800	3,400	4,000	4,200	4,300	4,200	4,300	4,400	5,000	5,800	6,400	7,000	7,400	7,600	8,000	8,200	8,200	8,400	9,000	10,400	12,900	16,000	18,500	22,000	24,400	25,700	0	0	0
Loss on debt extinguishment
-	-25,000	0	0	0	-	-	-	-	-	-	-	-	-76,300	-76,500	-76,500	-76,500	-200	-200	-200	-200	-25,500	-27,900	-27,900	-27,900	-3,000	-6,700	-6,700	-6,700	-6,300	-1,900	-1,900	-26,100	-29,700	-55,000	-56,100	-31,900	-44,000	-17,900	0	0	-	0
Other expense - net
9,100	9,800	6,000	4,000	-17,500	-11,500	-11,400	-8,800	-2,000	-6,800	-14,700	-11,100	-10,200	-7,000	4,900	2,000	2,700	1,400	-3,000	100	-5,800	-4,800	-3,500	-3,300	-1,600	-800	1,200	100	3,500	100	-900	1,300	-400	2,300	6,000	4,000	-1,800	-9,000	-9,500	-5,400	0	0	0
Total other expense
-21,400	-49,400	-56,000	-60,800	-84,200	-52,400	-52,400	-49,500	-43,000	-47,900	-55,900	-52,700	-52,000	-125,100	-128,300	-145,800	-159,800	-98,600	-102,500	-100,000	-107,100	-127,500	-137,100	-144,600	-150,600	-139,200	-144,100	-148,200	-146,800	-150,000	-145,900	-143,500	-174,500	-183,200	-218,600	-237,000	-226,000	-250,000	-229,700	-221,700	0	0	0
Loss before income taxes
76,500	59,000	-27,400	-47,800	-89,000	-71,700	-1,200	-5,400	-11,100	-39,500	-69,500	-210,300	-217,600	-268,100	-267,900	-159,400	-163,100	-111,000	-228,000	-136,000	-61,900	-20,400	191,700	206,200	211,500	225,200	210,800	172,900	159,600	146,900	125,100	126,800	71,700	46,300	-1,800	-35,100	-21,300	-43,000	-25,500	-19,800	0	0	0
Provision for income taxes
11,000	12,400	13,500	-300	-5,400	-4,800	-48,200	-50,600	-47,100	-49,500	-11,900	-4,100	-5,700	100,500	77,200	76,400	74,000	-41,100	-36,700	-48,700	-27,800	-17,800	5,000	40,100	30,200	36,100	32,400	28,900	35,100	38,000	39,100	38,500	23,600	13,600	48,300	38,100	41,400	26,200	-3,600	-12,500	0	0	0
Net income (loss) from continuing operations
-	-	0	0	-	-	0	0	-	-	0	0	-	-368,600	-345,100	-235,800	-237,100	-69,900	-191,300	-87,300	-34,100	-2,600	186,700	166,100	181,300	189,100	178,400	144,000	124,500	108,900	86,000	88,300	48,100	32,700	-50,100	-73,200	-62,700	-69,200	-21,900	-7,300	0	0	0
Loss from discontinued operations, net of income taxes of $0.0, $0.0 and $0.0, respectively
-	-	-	-	-	-	-	0	-	-	-	0	-	-7,200	48,500	84,700	115,100	135,400	244,000	209,400	179,500	161,400	-5,400	-8,400	-15,700	-18,800	-31,500	-28,000	-20,000	-16,300	-12,400	-12,800	-13,500	-15,800	-13,600	-11,600	-10,900	-8,100	600	-4,300	0	0	0
Net loss
65,500	46,600	-40,900	-47,500	-83,800	-67,100	46,500	44,600	35,400	9,400	-59,300	-209,600	-215,900	-375,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Amounts attributable to the Manitowoc common shareholders:
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,900	147,100	126,900	142,400	154,800	173,500	141,200	123,700	109,700	88,900	90,800	49,400	33,000	-45,400	-69,700	-59,500	-66,500	-18,300	-3,900	0	0	0
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	161,800	-3,200	-4,300	-8,800	-10,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	-12,100	-11,000	-11,000	-2,700	-1,600	-1,600	-1,600	0	-1,000	-1,000	-1,200	-34,600	0	0	0	-	-	-	-	0	0
Net income (loss) attributable to Manitowoc common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,500	52,700	121,000	144,300	143,900	131,800	111,600	122,600	141,800	155,400	124,700	112,400	101,700	81,700	83,200	40,900	-11,200	-24,300	0	0	-	0	-	-	-	-
Loss on sale of discontinued operations, net of income taxes of $0.0, $0.0, and $(0.6), respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	-12,100	-11,000	-11,000	-2,700	-1,600	-1,600	-1,600	0	-1,000	-1,000	-1,200	-34,600	0	0	0	-	-	-	-	0	0
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147,800	169,200	146,700	154,600	167,600	145,300	114,400	102,900	92,600	72,600	74,500	33,400	-17,700	-97,300	-118,400	-107,000	-77,300	-23,900	-37,400	0	0	0
Less: Net income attributable to noncontrolling interest, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,900	37,400	35,100	32,000	25,800	-10,100	-10,300	-9,500	-9,100	-9,100	-8,700	-7,500	-6,500	-4,700	-3,500	-3,200	-2,700	-3,600	-3,400	0	0	0
Net income (loss) attributable to Manitowoc common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,500	52,700	121,000	144,300	143,900	131,800	111,600	122,600	141,800	155,400	124,700	112,400	101,700	81,700	83,200	40,900	-11,200	-24,300	0	0	-	0	-	-	-	-
Per Share Data
Basic net income (loss) per common share:
Net income (loss) from continuing operations
-	-	0.51	1.29	-	-	0.32	0.28	-	-	0.27	0.02	-	-8.24	-1.01	-0.04	-1.41	-1.60	-0.22	-0.05	-0.19	-0.96	0.55	0.35	0.01	0.17	0.41	0.47	0.11	0.32	0.17	0.34	0.00	0.16	0.18	0.03	-0.12	-0.43	0.00	0.10	-0.18	-0.06	0.11
Loss from discontinued operations
-	-	-	-	-	-	-	-0.01	-	-	-	-0.01	-	-0.17	-0.01	-0.01	-0.02	3.38	0.25	0.22	0.13	1.20	0.00	0.00	0.00	-0.01	-0.01	-0.04	-0.02	-0.06	0.00	0.00	0.00	-0.05	0.00	0.00	-0.02	-0.07	0.01	0.00	0.00	-0.01	-0.02
Loss on sale of discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	0.00	-0.07	-0.01	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	-0.26	-	-	-	-	-0.02	-0.18
Basic net loss per common share
-0.22	0.26	0.51	1.29	-0.75	-2.20	0.32	0.27	-0.28	1.01	0.27	0.01	-1.03	-8.42	-1.02	-0.04	-1.43	1.77	0.04	0.17	-0.06	0.25	0.54	0.35	-0.07	0.16	0.40	0.43	0.08	0.25	0.17	0.35	0.00	0.11	0.18	0.02	-0.40	-0.51	0.01	0.11	-0.18	-0.10	-0.09
Diluted net income (loss) per common share:
Net income (loss) from continuing operations
-	-	0.51	1.29	-	-	0.32	0.27	-	-	0.27	0.02	-	-8.24	-1.01	-0.04	-1.41	-1.60	-0.22	-0.05	-0.19	-0.94	0.54	0.34	0.01	0.18	0.40	0.46	0.10	0.31	0.17	0.34	0.00	0.16	0.18	0.03	-0.12	-0.43	0.00	0.10	-0.18	-0.06	0.11
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-0.01	-0.01	-0.02	3.39	0.25	0.21	0.13	1.20	0.00	0.00	0.00	-0.01	-0.01	-0.04	-0.02	-0.06	0.00	0.00	0.00	-0.05	0.00	0.00	-0.02	-0.07	0.01	0.00	0.00	-0.01	-0.02
Loss on sale of discontinued operations, net of income taxes (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	0.00	-0.07	-0.01	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	0.01	0.00	-0.26	-	-	-	-	-0.02	-0.18
Diluted net loss per common share
-0.22	0.26	0.51	1.29	-0.75	-2.20	0.32	0.27	-0.28	1.01	0.27	0.01	-1.03	-8.42	-1.02	-0.04	-1.43	1.77	0.04	0.17	-0.06	0.26	0.53	0.34	-0.06	0.15	0.39	0.43	0.08	0.25	0.17	0.34	0.00	0.12	0.18	0.02	-0.40	-0.51	0.01	0.11	-0.18	-0.10	-0.09
Weighted average shares outstanding - basic
35,135	-	35,348	35,595	35,642	-	35,564	35,530	35,367	-	35,132	35,109	35,020	-	138,422	137,138	136,599	-	136,164	136,130	135,641	-	135,222	134,990	134,187	-	133,079	132,999	132,306	-	130,704	130,575	130,550	-	130,510	130,457	130,448	-	130,605	130,574	130,507	130,284	130,163
Weighted average shares outstanding - diluted
35,135	-	35,458	35,725	35,642	-	35,928	36,064	35,367	-	35,834	35,654	35,020	-	138,422	137,138	136,599	-	136,164	137,985	135,641	-	137,597	137,426	137,047	-	135,304	135,112	134,993	-	132,602	133,392	133,681	-	133,036	133,822	130,448	-	132,232	132,609	130,507	130,284	130,163