MINERALS TECHNOLOGIES INC MTX Income Statement

Minerals technologies inc (MTX)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Oct'17	Jul'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
Statements of Income [Abstract]
Total net sales
1,770	1,791	1,798	1,813	1,814	1,807	1,792	1,752	1,702	1,675	1,644	1,619	1,632	1,638	1,666	1,718	1,754	1,797	1,883	1,976	1,933	1,725	1,465	1,176	1,012	1,018	1,002	995	990	996	996	1,010	1,027	1,032	1,036	1,024	1,011	1,002	993	952	0	0	0
Total cost of sales
1,333	1,350	1,352	1,359	1,356	1,346	1,329	1,289	1,235	1,208	1,180	1,159	1,171	1,177	1,208	1,256	1,287	1,326	1,389	1,456	1,437	1,289	1,100	899	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production margin
437	440	445	453	457	461	463	463	467	467	464	460	461	460	458	462	467	471	494	520	496	435	362	277	233	233	229	225	223	222	222	219	216	214	210	209	210	209	202	182	0	0	0
Marketing and administrative expenses
188	187	181	180	177	178	183	182	181	180	175	172	173	176	178	186	189	190	200	209	208	182	150	112	87	89	88	88	88	88	88	88	90	91	92	92	91	90	92	92	0	0	0
Research and development expenses
20	20	20	19	21	22	23	24	24	23	23	23	23	23	23	23	23	23	24	24	25	24	23	21	20	20	19	19	19	20	20	19	19	19	19	19	19	19	19	19	0	0	0
Amortization expense of intangible assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related transaction and integration costs
-	-	0	0	-	1	2	2	2	3	5	7	7	8	8	8	10	11	11	12	17	19	16	12	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation expenses
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total restructuring and other items, net
-	-	0	0	-	-	14	0	-	15	1	-0	27	28	45	58	46	45	33	28	0	-	0	0	-	-	0	0	-	-	-	-	-	-0	0	0	0	0	2	11	0	0	0
Income from operations
204	208	223	238	255	255	239	238	244	244	257	257	228	223	202	184	198	200	205	222	205	168	159	125	122	126	121	117	114	113	114	111	106	104	97	97	99	98	88	21	0	0	0
Interest expense, net
41	43	45	46	46	45	44	43	42	43	45	48	52	54	56	57	59	60	62	64	57	41	25	9	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The debt modification costs and fees.
-	-	-	-	-	-	-	-	-	3	3	3	3	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash pension settlement costs during the period.
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of debt costs and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-operating income (deductions), net
-6	-8	-6	-5	-0	-1	-2	-3	-8	-6	-5	-4	-1	0	-6	-3	-3	-2	7	5	5	1	-0	-3	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating deductions, net
-47	-51	-52	-56	-51	-51	-50	-46	-50	-53	-55	-56	-57	-53	-63	-60	-67	-67	-59	-63	-57	-45	-31	-17	-3	-3	-3	-3	-2	-3	-1	-2	-2	-2	-3	-1	-0	0	-0	-3	0	0	0
Income from operations before tax and equity in earnings
157	157	170	181	204	204	189	191	194	190	202	201	170	170	139	124	130	132	145	158	147	123	128	108	118	123	117	114	112	110	113	109	103	101	94	95	99	98	87	18	0	0	0
Provision for taxes on income
23	22	22	29	34	34	-12	-10	-7	-6	44	43	34	35	23	20	21	22	31	37	35	30	34	28	33	34	32	31	32	31	31	30	29	28	28	27	29	28	25	9	0	0	0
Equity in earnings of affiliates, net of tax
2	1	2	1	2	3	3	3	2	1	1	1	2	2	2	1	1	1	2	1	1	1	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	89	85	83	0	-	0	0	-	-	-	-	-	-	-	-	-	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-5	-6	-6	0	-	0	0	-	-	-	-	-	-	-	-	-	0	0
Consolidated net income
136	136	150	154	172	173	205	205	204	199	159	159	137	137	117	105	110	111	115	123	115	95	96	81	80	83	78	74	77	76	78	75	72	70	66	67	70	69	63	5	0	0	0
Less: Net income attributable to non-controlling interests
3	3	3	3	3	4	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	2	3	2	2	2	2	2	2	2	2	3	3	3	3	3	3	0	0	0
Net income attributable to Minerals Technologies Inc.
132	132	146	150	168	169	201	201	200	195	156	155	134	133	113	101	106	107	112	120	111	92	93	78	77	80	75	72	74	74	76	73	69	67	63	64	67	66	59	2	0	0	0
Earnings per share:
Basic:
Income from continuing operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.18	1.23	-	-	-	-	-	-	0.84	0.77	-	-	1.07	0.48	-	0.66	0.63	0.63	0.56	-	0.54	0.57	-	-	-	-	-	-	-	-	-	0.46	-1.99
Income from discontinued operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.05	-	-0.01	0.00	-0.14	-0.02	-	-0.01	-0.01	-	-	-	-	-	-	-	-	-	0.01	-0.19
Income from operations attributable to Minerals Technologies Inc. (in dollars per share)
1.12	0.83	1.09	0.76	1.11	1.22	1.19	1.25	1.13	-	-	-	0.99	1.05	1.19	0.61	0.97	-	-	-	1.01	0.63	1.07	0.53	0.45	0.65	0.63	0.49	0.54	0.50	0.53	0.56	0.51	-0.77	0.88	0.90	0.86	-0.93	0.90	1.01	0.82	0.47	-2.18
Diluted:
Income from continuing operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.17	1.21	-	-	-	-	-	-	0.83	0.76	-	-	1.06	0.48	-	0.65	0.63	0.63	0.55	-	0.54	0.57	-	-	-	-	-	-	-	-	-	0.46	-1.99
Income from discontinued operations attributable to MTI (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.05	-	0.00	0.00	-0.14	-0.02	-	-0.01	-0.01	-	-	-	-	-	-	-	-	-	0.01	-0.19
Income from operations attributable to Minerals Technologies Inc. (in dollars per share)
1.12	0.84	1.08	0.75	1.11	1.21	1.18	1.24	1.12	-	-	-	0.97	1.04	1.18	0.60	0.97	-	-	-	1.01	0.61	1.06	0.53	0.45	0.65	0.63	0.49	0.53	0.49	0.53	0.56	0.51	-0.77	0.87	0.90	0.86	-0.94	0.90	1.01	0.82	0.47	-2.18
Cash dividends declared per common share (in dollars per share)
0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.02	0.02	0.02	-	0.05	0.05	0.05	-	0.05	0.05	0.05	0.05	0.05
Shares used in computation of earnings per share:
Basic (in shares)
34	34	35	35	35	35	35	35	35	35	35	35	35	35	34	34	34	34	34	34	34	34	34	34	34	34	34	34	34	35	35	35	35	-	17	18	18	-	18	18	0	0	0
Diluted (in shares)
34	34	35	35	35	35	35	35	35	35	35	35	35	35	35	35	34	35	35	35	34	34	34	34	34	34	34	35	35	35	35	35	35	-	18	18	18	-	18	18	0	0	0
Product [Member]
Total net sales
1,670	1,695	1,706	1,727	1,734	1,729	1,713	1,673	1,624	1,599	1,568	1,543	1,554	1,552	1,567	1,598	1,605	1,615	1,658	1,706	1,665	1,514	1,329	1,127	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
1,265	1,285	1,289	1,301	1,302	1,293	1,276	1,237	1,184	1,158	1,131	1,110	1,119	1,117	1,134	1,165	1,174	1,190	1,225	1,260	1,245	1,141	1,009	866	778	784	772	770	766	774	774	791	811	818	826	814	800	793	790	769	0	0	0
Service [Member]
Total net sales
100	95	91	85	79	78	79	78	77	76	75	76	78	85	99	120	149	182	224	269	268	210	134	48	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
67	64	63	58	54	52	52	52	50	50	49	49	52	59	73	90	112	136	164	195	191	148	94	33	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-