Element Solutions Inc PAH Income Statement

Element solutions inc (PAH)

Income statement / Quarterly

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	Mar'13
Net sales
452,600	454,700	464,700	456,700	459,800	478,400	488,500	501,600	492,500	-404,900	480,600	941,100	861,800	-865,800	890,500	921,600	823,800	735,100	597,300	675,100	534,800	273,600	196,800	189,100	183,700	182,132
Cost of sales
255,300	263,400	259,000	263,700	261,500	276,200	278,900	286,900	281,400	-232,200	272,400	541,200	483,400	-531,400	515,400	541,000	467,800	461,600	354,600	406,500	327,700	161,100	93,600	92,400	99,500	88,818
Gross profit
197,300	191,300	205,700	193,000	198,300	202,200	209,600	214,700	211,100	-172,700	208,200	399,900	378,400	-334,400	375,100	380,600	356,000	273,500	242,700	268,600	207,100	112,500	103,200	96,700	84,200	93,314
Operating expenses:
Selling, technical, general and administrative
125,200	99,400	128,800	126,400	142,400	120,200	139,500	144,300	140,800	-114,700	140,200	284,300	257,400	-227,200	274,300	265,200	284,000	264,500	194,800	206,200	192,000	128,200	73,500	85,200	74,000	55,980
Research and development
17,500	10,300	10,000	11,100	10,800	11,200	10,500	11,200	11,400	-11,500	11,200	25,100	21,600	-16,300	20,900	20,500	19,900	14,900	16,600	18,400	12,900	7,700	6,400	5,900	6,200	5,952
Restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,606
Total operating expenses
142,700	109,700	138,800	137,500	153,200	131,400	150,000	155,500	152,200	-126,200	151,400	309,400	279,000	-196,900	295,200	285,700	303,900	279,400	211,400	224,600	204,900	135,900	79,900	91,100	80,200	63,538
Operating profit
54,600	81,600	66,900	55,500	45,100	70,800	59,600	59,200	58,900	-46,500	56,800	90,500	99,400	-137,500	79,900	94,900	52,100	-5,900	31,300	44,000	2,200	-23,400	23,300	5,600	4,000	29,776
Interest, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,718
Other (expense) income:
Interest expense, net
-16,700	-17,000	-17,400	-18,200	-38,100	-77,600	-77,900	-78,300	-77,200	-77,800	-84,700	-85,000	-89,400	-82,600	-98,500	-97,400	-93,800	-70,700	-52,700	-51,100	-39,400	-14,500	-8,000	-7,700	-7,700	-
Loss on derivative contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,300	1,400	0	-	2,600	-	-	-
Foreign exchange (loss) gain
-25,800	31,100	-1,200	-28,300	27,100	-5,900	-4,700	-2,400	7,500	30,000	-11,200	-59,900	-12,600	21,900	-10,300	25,000	-71,100	-	-36,900	-15,100	33,900	-	-400	-	-	-
Other income (expense), net
400	0	2,900	-1,100	-48,000	1,200	-100	1,900	11,800	-73,800	600	5,500	-2,300	-22,700	115,200	-3,700	-3,200	-61,000	1,400	14,300	1,700	400	0	-500	-100	3,587
Total other expense
-42,100	14,100	-15,700	-47,600	-59,000	-82,300	-82,700	-78,800	-57,900	-121,600	-95,300	-139,400	-104,300	-83,400	6,400	-76,100	-168,100	-108,300	-135,500	-53,300	-3,800	-13,400	-11,000	-8,200	-7,800	-8,131
Income (loss) before income taxes and non-controlling interests
12,500	95,700	51,200	7,900	-13,900	-11,500	-23,100	-19,600	1,000	-168,100	-38,500	-48,900	-4,900	-220,900	86,300	18,800	-116,000	-114,200	-104,200	-9,300	-1,600	-36,800	12,300	-2,600	-3,800	21,645
Income tax (expense) benefit
4,100	21,300	57,200	-6,800	-10,400	2,700	-18,800	30,000	9,900	-96,800	-1,600	11,100	18,700	-107,000	20,400	26,900	18,400	15,200	35,400	-200	24,700	-3,100	-1,600	-4,100	2,100	6,308
Net income (loss) from continuing operations
8,400	74,400	-6,000	14,700	-3,500	-14,200	-4,300	-49,600	-8,900	-	-36,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
200	100	-900	-13,300	27,400	50,400	-401,600	61,400	46,900	-	-29,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
8,600	74,500	-6,900	1,400	23,900	36,200	-405,900	11,800	38,000	-145,700	-66,300	-60,000	-23,600	-100	65,900	-8,100	-134,400	-129,400	-139,600	-9,100	-26,300	-33,700	13,900	1,500	-5,900	15,337
Net income attributable to non-controlling interests
0	100	0	-100	700	1,000	3,000	-200	700	-4,200	2,900	1,100	800	1,800	-5,900	700	400	200	500	3,100	400	300	2,000	1,900	1,500	89
Net loss attributable to stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,800	-	-	-129,600	-140,100	-12,200	-26,700	-34,000	11,900	-400	-7,400	15,248
Gain on amendment of Series B Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,900	-	-	-	0	-	-	-	-	-	-	-
Accrued payment-in-kind dividend on cumulative preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,794
Net income attributable to common stockholders
8,600	74,400	-6,900	1,500	23,200	35,200	-408,900	12,000	37,300	-141,500	-69,200	-61,100	-24,400	-1,900	104,700	-8,800	-134,800	-	-140,100	-	-	-	-	-	-	3,454
Earnings (loss) per share
Basic from continuing operations (in dollars per share)
0.03	0.29	-0.02	0.06	-0.02	-0.04	-0.02	-0.17	-0.04	-	-0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic from discontinued operations (in dollars per share)
0.00	0.00	-0.01	-0.05	0.11	0.16	-1.40	0.21	0.17	-	-0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
0.03	0.29	-0.03	0.01	0.09	0.12	-1.42	0.04	0.13	-0.50	-0.24	-0.21	-0.09	0.01	0.45	-0.04	-0.59	-0.66	-0.66	-0.06	-0.14	-1.96	0.09	0.00	-0.07	0.00
Diluted from continuing operations (in dollars per share)
0.03	0.28	-0.02	0.06	-0.02	-0.04	-0.02	-0.17	-0.04	-	-0.13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted from discontinued operations (in dollars per share)
0.00	0.00	-0.01	-0.05	0.11	0.16	-1.40	0.21	0.17	-	-0.11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.03	0.28	-0.03	0.01	0.09	0.12	-1.42	0.04	0.13	-0.50	-0.24	-0.21	-0.09	0.13	-0.15	-0.04	-0.59	-0.66	-0.66	-0.06	-0.14	-1.95	0.08	0.00	-0.07	0.00
Weighted average common shares outstanding
Basic (in shares)
250,300	250,500	254,400	257,300	268,200	288,500	288,200	288,200	287,900	287,100	286,700	286,100	284,500	279,700	234,400	229,600	229,500	217,200	210,900	192,800	191,900	168,100	137,300	128,600	107,200	0
Diluted (in shares)
252,000	258,200	254,400	259,600	268,200	288,500	288,200	288,200	287,900	287,100	286,700	286,100	284,500	365,600	264,500	229,600	229,500	217,200	210,900	192,800	191,900	152,700	152,700	128,600	107,200	0