PINNACLE FOODS INC. PF Income Statement

Pinnacle foods inc. (PF)

Income statement / TTM

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Net sales
3,153	3,156	3,144	3,118	3,127	3,139	3,127	2,991	2,869	2,744	2,655	2,638	2,626	2,612	2,591	2,595	2,543	2,494	2,463	2,459	2,454	2,474	2,478	0	0	0
Cost of products sold
2,242	2,292	2,275	2,257	2,257	2,211	2,211	2,120	2,049	1,977	1,915	1,932	1,933	1,926	1,909	1,904	1,859	1,828	1,809	1,815	1,839	1,870	1,893	0	0	0
Gross profit
911	864	868	861	870	928	916	871	819	767	740	706	693	686	681	690	683	666	654	644	615	603	584	0	0	0
Operating expenses
Marketing and selling expenses
187	186	193	200	203	214	218	213	203	188	176	180	177	180	177	175	174	174	175	173	170	171	169	0	0	0
Administrative expenses
131	129	130	137	143	153	163	151	141	125	107	123	122	119	117	102	102	123	119	116	112	91	89	0	0	0
Research and development expenses
17	16	16	16	17	17	18	16	15	14	12	12	12	11	11	11	10	10	10	11	11	12	12	0	0	0
Tradename impairment charges
0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination fee received, net of costs, associated with the Hillshire merger agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other expense, net
-23	-11	-12	-18	-22	-20	-25	-38	-39	-33	-19	-24	-17	-14	-15	21	22	55	55	49	53	29	29	0	0	0
Total operating (income) expenses
398	411	419	439	424	417	436	416	384	350	315	336	174	175	168	155	310	363	361	350	347	304	300	0	0	0
Operating income
512	452	448	421	445	510	479	454	434	416	424	369	518	510	512	535	373	302	293	293	268	299	283	0	0	0
Non-operating income
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before interest and taxes
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
132	130	169	174	181	188	139	125	111	98	88	88	91	93	96	98	92	116	132	151	176	189	198	0	0	0
Interest income
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings before income taxes
381	322	279	248	265	322	340	329	322	318	336	281	427	417	416	437	280	186	160	141	91	109	85	0	0	0
Provision (benefit) for income taxes
-222	-243	-252	72	83	112	129	126	124	122	123	111	170	168	167	169	107	81	71	64	45	41	32	0	0	0
Net earnings
603	565	532	176	182	209	211	202	197	195	212	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net (loss) earnings attributable to non-controlling interest
-0	-0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to Pinnacle Foods, Inc. and subsidiaries common shareholders
603	566	532	176	182	209	211	202	197	195	212	0	0	0	-	267	172	105	89	77	46	67	52	0	0	0
Net earnings per share attributable to Pinnacle Foods, Inc. and subsidiaries common shareholders:
Basic (in dollars per share)
0.47	0.48	3.75	0.39	0.16	0.20	0.76	0.45	0.39	0.21	0.68	0.41	0.38	0.36	0.32	1.17	0.31	0.35	0.46	0.35	-0.28	0.31	0.66	0.12	-0.13	0.00
Weighted average shares outstanding- basic (in shares)
118	118	118	118	118	117	117	117	116	116	116	116	116	115	115	115	115	115	115	115	114	81	-	81	82	-
Diluted (in dollars per share)
0.47	0.48	3.71	0.39	0.16	0.19	0.75	0.44	0.39	0.21	0.68	0.41	0.37	0.35	0.32	1.16	0.30	0.35	0.46	0.35	-0.28	0.29	0.63	0.11	-0.13	0.00
Weighted average shares outstanding- diluted (in shares)
119	119	119	119	119	119	118	118	117	117	117	117	117	117	116	117	116	116	116	116	114	86	-	86	82	-
Dividends declared (in dollars per share)
0.32	0.32	0.32	0.32	0.28	0.28	0.28	0.28	0.25	0.25	0.25	0.25	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.18	0.18	0.00	-	0.00	0.00	-