| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NET SALES | |||||||||||
7,160 | 7,057 | 6,384 | 5,677 | 5,350 | 5,260 | 5,295 | 5,172 | 5,335 | 4,997 | 4,803 | 5,847 |
COST OF SALES | |||||||||||
5,551 | 5,425 | 4,815 | 4,300 | 4,197 | 4,284 | 4,329 | 4,375 | 4,307 | 4,041 | 3,954 | 4,925 |
Gross margin | |||||||||||
1,609 | 1,632 | 1,569 | 1,377 | 1,153 | 976 | 966 | 797 | 1,028 | 956 | 849 | 922 |
OPERATING EXPENSES | |||||||||||
Marketing and administrative expenses | |||||||||||
698 | 700 | 620 | 584 | 525 | 487 | 530 | 509 | 525 | 516 | 522 | 617 |
Science and technology expenses | |||||||||||
87 | 89 | 85 | 82 | 73 | 76 | 77 | 79 | 77 | 76 | 61 | 69 |
Charges related to cost reduction actions | |||||||||||
- | - | - | - | - | 36 | 8 | 51 | 0 | 29 | 34 | 7 |
Employee emergence equity program expense | |||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 29 | 26 |
Other expenses, net | |||||||||||
37 | 36 | 67 | 14 | 7 | 21 | -34 | 10 | -35 | 129 | 11 | -31 |
Total operating expenses | |||||||||||
822 | 825 | 772 | 680 | 605 | 584 | 581 | 649 | 567 | 750 | 657 | 688 |
OPERATING INCOME (LOSS) | |||||||||||
787 | 807 | 797 | 697 | 548 | 392 | - | - | - | - | - | - |
Non-operating income | |||||||||||
34 | -14 | 60 | -2 | - | - | - | - | - | - | - | - |
EARNINGS (LOSS) BEFORE INTEREST AND TAXES | |||||||||||
753 | 821 | 737 | 699 | - | - | 385 | 148 | 461 | 206 | 192 | 234 |
Interest expense, net | |||||||||||
131 | 117 | 107 | 108 | 100 | 114 | 112 | 114 | 108 | 110 | 111 | 116 |
Loss on extinguishment of debt | |||||||||||
-32 | 0 | -71 | -1 | 5 | -46 | 0 | -74 | - | 0 | - | - |
EARNINGS (LOSS) BEFORE TAXES | |||||||||||
590 | 704 | 559 | 590 | 453 | 232 | 273 | -40 | 353 | 96 | 81 | 118 |
Income tax expense | |||||||||||
186 | 156 | 269 | 188 | 120 | 5 | 68 | -28 | 74 | -840 | 14 | 931 |
Equity in net earnings of affiliates | |||||||||||
1 | -1 | 0 | -3 | 1 | 1 | 0 | -4 | 2 | 4 | 0 | 2 |
NET EARNINGS (LOSS) | |||||||||||
405 | 547 | 290 | 399 | 334 | 228 | 205 | -16 | 281 | 940 | 67 | -811 |
Net earnings attributable to noncontrolling interests | |||||||||||
0 | 2 | 1 | 6 | 4 | 2 | 1 | 3 | 5 | 7 | 3 | 2 |
NET EARNINGS (LOSS) ATTRIBUTABLE TO OWENS CORNING | |||||||||||
405 | 545 | 289 | 393 | 330 | 226 | 204 | -19 | 276 | 933 | 64 | -813 |
EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS | |||||||||||
Basic (in dollars per share) | |||||||||||
3.71 | 4.94 | 2.59 | 3.44 | 2.82 | 1.92 | 1.73 | -0.16 | 2.25 | 7.43 | 0.51 | -6.38 |
Diluted (in dollars per share) | |||||||||||
3.68 | 4.89 | 2.55 | 3.41 | 2.79 | 1.91 | 1.71 | -0.16 | 2.23 | 7.37 | 0.50 | -6.38 |
Dividend (dollars per share) | |||||||||||
- | - | - | 0.74 | 0.68 | 0.64 | 0.00 | 0.00 | - | - | - | - |
WEIGHTED AVERAGE COMMON SHARES | |||||||||||
WEIGHTED AVERAGE COMMON SHARES | |||||||||||
Basic (in shares) | |||||||||||
109 | 110 | 111 | 114 | 117 | 117 | 118 | 119 | 122 | 125 | 124 | 127 |
Weighted Average Number Diluted Shares Outstanding Adjustment | |||||||||||
- | - | - | - | 118 | - | - | - | - | - | - | - |
Diluted (in shares) | |||||||||||
110 | 111 | 113 | 115 | 118 | 118 | 119 | 119 | 123 | 126 | 127 | 127 |