Cornerstone Building Brands, Inc. NCS Income Statement

Cornerstone building brands, inc. (NCS)

Income statement / Quarterly

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Jul'10
Sales
1,113,811	1,244,415	1,285,043	1,295,457	1,064,832	559,870	573,634	548,525	457,069	421,349	488,726	469,385	420,464	391,703	480,314	462,353	372,247	370,014	459,831	420,789	360,147	322,926	392,448	361,626	305,800	310,666	400,211	317,201	293,399	297,584	361,688	298,488	250,231	243,603	281,788	262,138	225,565	190,086	245,292
Cost of sales
882,924	956,379	975,240	990,794	878,915	475,780	440,353	415,124	352,986	329,432	372,421	354,416	319,625	307,752	357,762	334,454	283,799	281,023	334,872	319,102	284,258	250,787	299,011	282,061	246,527	252,428	313,934	250,163	232,562	236,715	282,888	232,903	192,229	189,981	221,382	205,348	174,752	156,541	194,999
Fair value adjustment of acquired inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of assets and asset recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	927	725	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairments (recoveries), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	-	-	-64
Gross profit
230,887	288,036	309,803	304,663	185,917	84,090	133,281	133,401	104,083	91,917	116,305	114,969	100,839	83,951	120,848	127,951	89,375	89,716	123,601	100,687	75,889	72,139	93,437	79,565	59,597	59,225	87,300	67,038	60,837	60,869	78,809	65,585	58,002	53,622	59,192	56,883	50,813	33,545	50,357
Selling, general and administrative expenses
164,954	161,493	154,034	158,028	154,306	95,783	78,875	79,039	74,406	74,786	72,673	76,309	75,124	69,039	77,639	80,414	74,648	69,850	76,416	74,520	73,035	62,869	67,294	64,864	64,097	61,380	66,789	62,761	62,782	60,471	63,230	55,605	51,564	48,941	51,125	50,889	52,657	47,681	48,730
Intangible asset amortization
44,861	44,901	44,725	46,511	41,463	20,100	2,363	2,412	2,413	2,412	2,385	2,405	2,405	2,405	2,412	2,405	2,405	2,416	5,697	5,338	4,375	1,493	1,014	1,013	1,013	1,013	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and impairment charges, net
13,835	2,538	4,984	7,107	3,431	1,253	769	-439	488	1,094	1,709	1,009	315	2,264	815	778	1,149	1,510	7,611	750	1,468	1,477	42	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Strategic development and acquisition related costs
4,857	13,517	10,500	12,086	14,082	29,094	11,661	3,642	1,134	727	193	1,297	124	357	591	819	579	681	1,143	701	628	1,729	3,512	1,486	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
503,171	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of business
-	-	0	0	-	-1,244	-	1,013	-6,700	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on insurance recovery
-	-	0	-	-	0	-	-4,741	-	-	-	-148	-9,601	-	-	0	0	-	-	-	-	-	0	0	324	987	1,023	0	0	0	-	-	-	-	-	-	-	-	-
Acquisition-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,946	1,494	396	-	0	-	-	-
Restructuring recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-575	-	-	551
Loss from operations
-500,791	65,610	95,560	80,931	-27,365	-63,416	39,565	54,501	18,956	12,898	33,325	34,097	32,472	9,886	39,391	43,535	10,594	15,259	36,499	19,378	-3,617	4,571	21,575	12,202	-5,513	-3,168	16,458	4,277	-1,945	398	15,426	7,034	4,944	4,285	7,784	6,569	-1,844	-14,136	1,076
Interest income
338	183	155	121	215	68	22	48	37	33	75	20	138	5	10	62	52	22	19	14	32	7	16	60	24	26	30	29	42	30	12	44	28	28	24	26	30	47	32
Interest expense
54,835	56,128	56,549	58,299	58,286	28,556	4,895	4,572	4,849	7,492	7,161	7,373	7,479	6,886	7,559	7,747	7,844	7,869	8,012	8,149	8,312	3,987	3,067	3,203	3,059	3,126	3,364	5,159	6,191	6,274	6,238	4,203	3,062	3,324	3,709	3,890	3,900	4,224	4,424
Foreign exchange gain (loss)
-4,137	970	-616	523	1,177	-1,713	-152	-258	-305	471	-487	985	127	-78	-313	-922	576	-742	-131	-610	-10	-1,401	-298	-360	262	-701	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,864	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	0	0	-	-3,284	-	0	-21,875	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,491	-	-	-	6,437	-	-	-	0	-	-	-
Other income (expense), net
-662	518	717	-397	345	44	-110	345	270	457	426	337	322	387	119	414	251	-189	60	107	332	0	249	227	324	205	497	219	246	394	449	-368	353	26	-290	-112	699	579	-204
Loss before income taxes
-560,087	11,153	39,267	22,879	-83,914	-96,857	34,430	50,064	-7,766	6,367	26,178	28,066	25,580	3,314	31,648	35,342	3,629	8,345	28,435	10,740	-11,575	-810	18,475	8,926	-7,962	-6,764	13,686	-22,125	-7,848	-5,452	9,649	-3,930	2,263	1,015	3,809	2,593	-5,015	-17,734	-3,520
Benefit for income taxes
-18,014	9,223	14,103	5,346	-23,897	-20,667	6,875	14,078	-2,082	1,118	8,688	9,845	8,606	1,275	12,648	11,627	1,209	2,453	10,029	3,520	-4,087	-490	4,216	2,837	-3,057	-2,506	5,410	-9,933	-2,506	-1,825	3,379	-663	942	426	398	0	-1,786	-5,009	-221
Net loss
-542,073	1,930	25,164	17,533	-60,017	-76,190	27,555	35,986	-5,684	5,249	17,490	18,221	16,974	2,039	19,000	23,715	2,420	5,892	18,406	7,220	-7,488	-320	14,259	6,089	-4,905	-4,258	8,276	-12,192	-5,342	-3,627	6,270	-3,267	1,321	589	3,411	2,593	-3,229	-12,725	-3,299
Convertible preferred stock dividends and accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	9,744	6,608	6,454	9,176	6,260	6,230	8,637
Convertible preferred stock beneficial conversion feature
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,858	4,020	1,356	6,494	-240	1,786	4,583
Convertible preferred stock amendment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,803	-	-	-	0	-	-	-
Net income allocated to participating securities
0	-644	374	270	0	0	153	221	0	38	100	102	115	8	144	165	23	57	112	60	0	0	-	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss applicable to common shares
-542,073	2,574	24,790	17,263	-60,017	-76,190	27,402	35,765	-5,684	5,211	17,390	18,119	16,859	2,031	18,856	23,550	2,397	5,835	18,294	7,160	-7,488	-320	-	6,039	-	-	-	-	-	-	6,270	-52,070	-16,281	-10,039	-4,399	-13,077	-9,249	-20,741	-16,519
Loss per common share:
Basic (in USD per share)
-4.30	0.02	0.20	0.14	-0.48	-0.71	0.42	0.54	-0.09	0.08	0.24	0.26	0.24	0.03	0.27	0.32	0.03	0.08	0.24	0.10	-0.10	0.00	0.20	0.08	-0.07	-0.06	0.37	-0.19	-0.28	-0.19	0.33	-2.74	-0.86	-0.54	-0.22	-0.71	-0.51	-1.14	-0.90
Diluted (in USD per share)
-4.30	0.02	0.20	0.14	-0.48	-0.71	0.41	0.54	-0.09	0.08	0.25	0.25	0.24	0.03	0.27	0.32	0.03	0.08	0.24	0.10	-0.10	0.00	0.20	0.08	-0.07	-0.06	0.37	-0.19	-0.28	-0.19	0.33	-2.74	-0.86	-0.54	-0.22	-0.71	-0.51	-1.14	-0.90
Weighted average number of common shares outstanding:
Basic (in shares)
126,093	125,728	125,557	125,516	125,503	107,813	66,061	66,335	66,210	66,434	69,606	71,047	70,988	70,875	70,927	73,104	72,352	73,261	73,540	73,341	73,133	73,070	73,035	72,928	72,838	73,515	76,174	64,217	19,416	19,237	19,206	18,997	18,832	18,693	37,033	18	18,275	18,149	18,274
Diluted (in shares)
126,093	125,727	125,558	125,516	125,503	107,813	66,254	66,438	66,210	66,546	69,719	71,183	71,122	71,088	71,219	73,552	72,886	73,771	75,153	74,336	73,133	73,070	78,090	74,393	72,838	73,515	76,174	64,217	19,416	19,237	19,206	18,997	18,832	18,693	37,033	18	18,275	18,149	18,274