Quad/graphics, inc. (QUAD)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue from Contract with Customer [Abstract]
Total net sales

3,923

3,985

3,951

-

-

-

-

-

-

-

-

Products

-

-

-

3,717

3,949

4,112

4,186

3,638

3,825

2,813

1,574

Services

-

-

-

612

647

664

609

455

499

372

214

Revenue, Net

-

-

-

4,329

4,597

4,777

4,795

4,094

4,324

3,185

1,788

Cost of sales
Products

-

-

-

2,971

3,213

3,336

3,360

2,848

2,921

2,131

1,129

Services

-

-

-

423

466

470

441

335

380

275

144

Total cost of sales

3,192

3,221

3,091

3,394

3,680

3,807

3,801

3,183

3,302

2,406

1,274

Operating expenses
Selling, general and administrative expenses

397

358

408

466

448

425

416

347

407

303

194

Depreciation and amortization

209

214

218

277

325

336

340

-

353

-

-

Depreciation and amortization

-

-

-

-

-

-

-

338

344

267

196

Restructuring, impairment and transaction-related charges

89

103

59

73

164

67

95

118

114

147

11

Goodwill impairment

-

-

-

-

808

0

0

-

-

-

-

Total operating expenses

3,888

3,898

3,778

4,212

5,427

4,636

4,653

3,987

4,167

3,124

1,676

Operating income from continuing operations

34

87

172

117

-830

141

142

106

156

61

112

Interest expense

90

73

70

77

88

92

85

84

108

92

64

Net pension income

-6

-12

-9

-5

-

-

-

-

-

-

-

(Gain) loss on debt extinguishment

-30

0

-2

14

0

-7

0

0

-34

0

0

Loss from continuing operations before income taxes and equity in loss of unconsolidated entity

-79

26

108

59

-918

41

56

22

14

-31

48

Income tax benefit

-24

-2

-9

13

-282

20

23

-31

26

223

1

Loss from continuing operations before equity in loss of unconsolidated entity

-55

28

118

46

-635

21

33

54

-11

-254

46

Equity in loss of unconsolidated entity

-0

1

0

-1

-6

-2

-2

2

3

9

6

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

30

-

-4

0

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-3

-38

-

-

Gain on disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

34

0

0

-

Net loss from continuing operations

-156

7

107

44

-

18

30

87

-46

-250

53

Net loss from continuing operations

-55

29

118

-

-

-

-

56

-8

-245

53

Net earnings (loss) from continuing operations attributable to Quad/Graphics common shareholders

-

-

-

-

-

-

-

-

-

-

52

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

0

Loss from discontinued operations, net of tax

-100

-22

-10

-

-

-

-

-

-

-

-

Net earnings (loss) from continuing operations

-55

29

118

-

-

-

-

-

-

-

53

Less: net loss attributable to noncontrolling interests

0

-0

0

0

-

-

-

-

-

-

0

Less: net earnings (loss) attributable to noncontrolling interests

0

-0

0

0

-

-0

-1

-0

0

0

0

Net loss attributable to Quad common shareholders

-156

8

107

44

-641

18

32

87

-46

-250

52

Earnings Per Share [Abstract]
Earnings (loss) per share attributable to Quad common shareholders, basic, continuing operations (USD per share)

-1.11

0.61

2.38

-

-

-

-

1.14

-0.18

-6.55

1.87

Earnings (loss) per share attributable to Quad common shareholders, basic, discontinued operations (USD per share)

-2.01

-0.44

-0.22

-

-

-

-

-

-

-

-

Discontinued operations (USD per share)

-

-

-

-

-

-

-

0.66

-0.82

-0.12

0.00

Basic earnings (loss) per share attributable to Quad common shareholders (USD per share)

-3.12

0.17

2.16

0.94

-13.40

0.39

0.67

1.80

-1.00

-6.67

1.87

Discontinued operations (USD per share)

-

-

-

-

-

-

-

0.65

-0.82

-0.12

0.00

Diluted (in dollars per share)

-3.12

0.16

2.07

0.90

-13.40

0.38

0.65

1.78

-1.00

-6.67

1.81

Diluted, continuing operations (in dollars per share)

-1.11

0.59

2.28

-

-

-

-

1.13

-0.18

-6.55

1.81

Diluted, discontinued operations (in dollars per share)

-2.01

-0.43

-0.21

-

-

-

-

-

-

-

-

Dividends declared per share (in usd per share)

-

-

-

-

-

-

-

-

0.60

-

-

Weighted average number of common shares outstanding
Weighted average number of common shares outstanding, basic (in shares)

50

49

49

47

47

47

47

46

47

37

28

Weighted average number of common shares outstanding, diluted (in shares)

50

51

51

49

47

48

48

47

47

37

29

Net earnings (loss) attributable to Quad/Graphics common shareholders

-156

8

107

44

-641

-

-

-

-

-

52

Products
Total net sales

3,098

3,184

3,348

-

-

-

-

-

-

-

-

Total cost of sales

2,615

2,621

2,659

-

-

-

-

-

-

-

-

Services
Total net sales

825

801

602

-

-

-

-

-

-

-

-

Total cost of sales

576

600

432

-

-

-

-

-

-

-

-