PATTERSON COMPANIES, INC. PDCO Income Statement

Patterson companies, inc. (PDCO)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	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	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09
Net sales
1,456,155	1,418,744	1,328,651	1,436,706	1,396,745	1,404,752	1,336,320	1,436,706	1,375,222	1,404,752	1,304,115	1,400,609	1,397,418	1,418,241	1,332,436	1,453,770	1,400,853	1,389,210	1,142,870	1,035,061	958,628	978,220	938,956	623,503	1,082,679	998,834	880,125	964,933	915,861	867,193	889,225	936,334	895,030	856,875	847,422	883,819	824,650	857,414	849,787	812,762	820,084	814,951	789,579
Cost of sales
1,144,325	1,117,250	1,038,597	1,124,179	1,097,236	1,109,676	1,052,657	1,110,770	1,080,486	1,069,994	1,005,067	1,109,534	1,067,657	1,099,281	1,015,258	1,090,029	1,060,989	1,058,311	854,626	746,858	696,186	718,933	688,339	487,216	771,218	709,403	598,607	640,756	615,568	586,594	603,525	622,613	605,496	575,892	569,146	579,870	543,775	578,213	569,587	524,651	544,015	548,414	530,895
Gross profit
311,830	301,494	290,054	312,527	299,509	295,076	283,663	312,527	294,736	295,076	299,048	289,839	329,761	318,960	317,178	363,741	339,864	330,899	288,244	288,203	262,442	259,287	250,617	136,287	311,461	289,431	281,518	324,177	300,293	280,599	285,700	313,721	289,534	280,983	278,276	303,949	280,875	279,201	280,200	288,111	276,069	266,537	258,684
Operating expenses
268,014	319,640	273,380	265,904	254,146	253,860	279,149	248,588	244,690	243,984	242,215	239,343	283,207	239,157	251,762	257,397	244,135	247,436	226,067	199,130	185,065	187,147	184,621	95,716	214,810	214,208	200,237	219,721	210,755	202,730	203,108	210,870	199,628	197,724	196,283	199,824	188,168	189,049	191,176	187,863	182,302	182,051	181,894
Operating income
43,816	-18,146	16,674	46,623	45,363	41,216	4,514	46,623	50,046	41,216	56,833	41,251	46,554	79,803	65,416	106,344	95,729	83,463	62,177	89,073	77,377	72,140	65,996	40,571	96,651	75,223	81,281	104,456	89,538	77,869	82,592	102,851	89,906	83,259	81,993	104,125	92,707	90,152	89,024	100,248	93,767	84,486	76,790
Other income (expense):
Other income, net
2,307	269	31,917	-443	1,427	5,941	1,253	1,349	2,096	1,160	1,512	1,033	994	1,622	2,364	1,591	830	954	670	737	541	777	1,370	2,035	527	1,245	-557	332	1,375	675	677	4,437	-737	-943	-611	7,816	-1,620	-1,467	990	8,964	-10	689	-199
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,052	897	1,829	-	1,577	2,898	2,643	-	2,122	1,909	2,460
Interest expense
16,584	9,046	8,690	9,817	9,172	9,456	11,221	12,289	11,783	11,468	11,203	11,401	11,400	10,097	10,162	10,134	10,634	17,154	12,143	7,869	8,512	8,544	8,768	9,132	9,237	8,777	8,567	8,589	9,113	9,127	9,568	9,463	8,358	6,169	6,353	6,341	6,380	6,229	6,890	6,311	6,406	6,358	6,619
Income before taxes
29,539	-26,923	39,901	36,363	37,618	37,701	-5,454	30,311	40,359	61,451	47,142	85,787	36,148	71,328	57,618	97,801	85,925	67,263	50,704	81,941	69,406	64,373	58,598	33,474	87,941	67,691	72,157	96,199	81,800	69,417	73,701	94,047	81,863	77,044	76,858	98,482	86,284	85,354	85,767	96,410	89,473	80,726	72,432
Income tax expense
6,567	6,426	10,094	8,678	6,564	9,055	-945	9,383	-68,596	21,207	16,295	24,430	8,379	25,572	18,712	32,181	28,735	24,700	30,393	28,482	22,972	22,508	20,273	7,083	30,920	25,663	26,265	32,637	28,170	23,875	26,163	31,904	28,755	28,090	28,248	35,775	30,888	31,997	31,842	34,605	33,424	31,383	27,375
Net income from continuing operations
-	-	-	-	-	-	-	27,685	-	28,646	-	20,928	27,769	-	-	65,620	57,190	42,563	20,311	53,459	46,434	41,865	38,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-3,229	-	-	0	-750	-7,142	9,392	11,059	8,242	11,913	11,964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
22,972	-33,349	29,807	27,685	31,054	28,646	-4,509	27,685	108,955	28,646	30,847	20,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to noncontrolling interests
-255	-220	-235	-305	-171	-223	-53	-305	0	-223	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Patterson Companies, Inc.
23,227	-33,129	30,042	27,990	31,225	28,869	-4,456	27,990	108,955	28,869	30,847	20,928	24,540	45,756	38,906	65,620	56,440	35,421	29,703	64,518	54,676	53,778	50,289	55,671	57,021	42,028	45,892	63,562	53,630	45,542	47,538	62,143	53,108	48,954	48,610	62,707	55,396	53,357	53,925	61,805	56,049	49,343	45,057
Earnings per share attributable to Patterson Companies, Inc.:
Continuing operations (in usd per share)
-	-	-	-	-	-	-	0.30	-	0.31	-	0.23	0.29	-	-	0.68	0.60	0.43	0.20	0.54	0.47	0.42	0.39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in usd per share)
-	-	-	-	-	-	-	0.00	-	0.00	-	0.00	-0.03	-	-	0.00	-0.01	-0.07	0.10	0.12	0.08	0.12	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in USD per share)
0.25	-0.35	0.32	0.30	0.34	0.31	-0.05	0.30	1.18	0.31	0.33	0.23	0.26	0.48	0.41	0.68	0.59	0.36	0.30	0.66	0.55	0.54	0.51	0.56	0.56	0.42	0.45	0.62	0.53	0.44	0.45	0.58	0.50	0.43	0.42	0.54	0.47	0.45	0.45	0.52	0.47	0.42	0.38
Continuing operations (in usd per share)
-	-	-	-	-	-	-	0.30	-	0.31	-	0.23	0.29	-	-	0.67	0.60	0.43	0.20	0.54	0.47	0.42	0.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in usd per share)
-	-	-	-	-	-	-	0.00	-	0.00	-	0.00	-0.03	-	-	-0.01	-0.01	-0.07	0.10	0.11	0.08	0.12	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in USD per share)
0.24	-0.35	0.32	0.30	0.33	0.31	-0.05	0.30	1.18	0.31	0.33	0.23	0.26	0.48	0.40	0.66	0.59	0.36	0.30	0.65	0.55	0.54	0.50	0.55	0.56	0.41	0.45	0.62	0.52	0.44	0.45	0.57	0.50	0.43	0.42	0.52	0.47	0.45	0.45	0.52	0.47	0.41	0.38
Weighted average shares:
Basic (in shares)
94,267	94,093	93,795	92,990	92,818	92,683	92,529	91,845	91,949	92,724	93,350	94,100	94,737	95,290	95,461	95,592	95,335	98,525	99,436	98,983	98,842	98,802	99,329	99,707	101,105	101,069	101,027	101,249	102,130	103,706	105,035	105,866	106,504	112,538	115,576	117,528	117,994	118,616	119,022	118,799	118,518	118,336	118,119
Diluted (in shares)
95,021	94,093	94,623	94,465	93,653	93,289	92,529	92,401	92,609	93,347	94,019	94,915	95,359	95,904	96,090	96,331	95,930	99,185	100,162	99,678	99,540	99,376	100,182	100,686	101,999	101,968	101,919	102,134	102,896	104,415	105,783	106,707	107,206	113,186	116,285	118,270	118,837	119,373	119,784	119,515	119,434	119,216	118,643
Dividends declared per common share (in USD per share)
0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.24	0.24	0.24	0.24	0.22	0.22	0.22	0.22	0.20	0.20	0.20	0.20	0.16	0.16	0.16	0.16	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.00	0.00	0.00
Comprehensive income:
Net income (loss)
22,972	-33,349	-	-	31,054	28,646	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Patterson Companies, Inc.
23,227	-33,129	30,042	27,990	31,225	28,869	-4,456	27,990	108,955	28,869	30,847	20,928	24,540	45,756	38,906	65,620	56,440	35,421	29,703	64,518	54,676	53,778	50,289	55,671	57,021	42,028	45,892	63,562	53,630	45,542	47,538	62,143	53,108	48,954	48,610	62,707	55,396	53,357	53,925	61,805	56,049	49,343	45,057
Foreign currency translation gain (loss)
2,619	6,614	-3,799	-5,907	3,184	-3,540	-9,320	-8,770	16,475	-3,965	12,084	1,726	6,082	-14,001	-20,257	13,461	-18,679	6,941	-11,275	-1,984	-44,781	-36,816	10,310	-6,940	6,606	14,699	-8,306	-1,623	-2,745	8,519	-11,283	7,243	-5,630	-9,006	-1,979	16,712	2,770	6,581	-7,281	-	-	-	-
Cash flow hedges, net of tax
6,627	554	554	639	548	552	549	559	437	438	437	438	437	437	433	438	442	437	617	1,874	-8,143	-3,867	-2,309	-5,710	-48	-48	-48	-65	-31	-31	-31	-30	-31	-31	-31	-30	-31	-31	-31	-	-	-	-
Comprehensive income
32,218	-26,181	26,562	22,417	34,786	25,658	-13,280	12,717	125,867	36,717	43,368	63,855	31,059	32,192	19,082	79,519	38,203	42,799	19,045	64,408	1,752	13,095	58,290	43,021	63,579	56,679	37,538	61,874	50,854	54,030	36,224	69,356	47,447	39,917	46,600	79,389	58,135	59,907	46,613	-	-	-	-