Quad/Graphics, Inc. QUAD Income Statement

Quad/graphics, inc. (QUAD)

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue from Contract with Customer [Abstract]
Total net sales
822,500	1,015,100	943,600	1,003,700	961,000	-	973,500	1,015,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products
-	-	-	-	-	-	-	-	801,100	-	856,900	819,400	854,300	1,028,200	904,200	887,400	897,300	1,130,900	978,100	910,400	930,300	1,144,500	1,068,300	946,200	953,700	1,180,700	1,055,300	968,100	982,500	1,011,300	927,700	824,400	875,200	1,072,400	985,100	863,100	905,000	1,004,000	345,500
Services
-	-	-	-	-	-	-	-	166,400	-	148,500	143,800	144,300	170,100	152,200	144,900	145,200	182,700	157,400	149,600	157,700	194,900	168,100	152,800	149,100	168,900	150,700	142,700	147,000	119,200	112,000	109,800	114,400	143,200	124,300	114,100	117,400	125,100	48,800
Revenue, Net
-	-	-	-	-	-	-	-	967,500	-	1,005,400	963,200	998,600	1,198,300	1,056,400	1,032,300	1,042,500	1,313,600	1,135,500	1,060,000	1,088,000	1,339,400	1,236,400	1,099,000	1,102,800	1,349,600	1,206,000	1,110,800	1,129,500	1,130,500	1,039,700	934,200	989,600	1,215,600	1,109,400	977,200	1,022,400	1,129,100	394,300
Cost of sales
Products
-	-	-	-	-	-	-	-	665,200	-	679,100	663,400	682,400	826,800	719,100	721,100	704,000	907,400	797,300	748,600	760,200	906,500	864,200	782,300	783,600	928,000	843,800	786,900	801,400	783,000	722,200	656,400	686,700	816,400	743,100	665,200	697,000	777,400	255,400
Services
-	-	-	-	-	-	-	-	127,200	-	105,700	101,600	98,700	118,600	105,800	99,900	99,500	129,900	112,600	109,100	115,200	137,700	113,200	110,600	109,000	120,100	106,400	106,900	108,400	88,700	75,900	84,400	86,200	105,000	97,300	91,400	86,700	93,800	33,800
Total cost of sales
647,700	810,600	764,500	828,800	788,300	825,300	777,000	826,700	792,400	760,400	784,800	765,000	781,100	945,400	824,900	821,000	803,500	1,037,300	909,900	857,700	875,400	1,044,200	977,400	892,900	892,600	1,048,100	950,200	893,800	909,800	871,700	798,100	740,800	772,900	921,400	840,400	756,600	783,700	871,200	289,200
Operating expenses
Selling, general and administrative expenses
99,600	103,900	99,600	99,600	94,500	83,600	89,200	99,200	86,900	98,300	107,500	104,300	98,600	124,800	109,900	113,000	119,000	122,100	106,100	110,400	109,700	114,600	107,000	100,400	103,500	103,400	101,600	105,100	105,900	87,200	87,300	80,600	92,000	108,500	96,000	104,600	97,900	106,600	49,300
Depreciation and amortization
47,400	45,900	52,200	57,200	54,200	45,400	55,000	58,300	56,200	43,000	58,300	58,500	58,700	59,700	61,700	77,600	78,100	79,600	81,000	83,400	81,300	83,000	84,300	85,300	83,800	81,800	82,000	87,900	88,800	-	-	-	-	-	-	-	-	-	48,200
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,000	83,300	84,700	84,600	88,700	85,100	83,500	87,300	84,300	-
Restructuring, impairment and transaction-related charges
22,800	15,700	56,700	9,400	7,600	62,700	5,300	10,400	24,900	37,400	8,000	5,300	9,200	11,200	26,100	7,400	28,900	84,900	35,600	34,300	10,100	21,400	14,100	19,900	11,900	12,400	27,800	29,200	25,900	30,500	11,900	37,700	38,200	31,900	31,800	21,600	28,700	69,400	31,300
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	775,000	0	23,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
817,500	976,100	973,000	995,000	944,600	1,017,000	926,500	994,600	960,400	939,100	958,600	933,100	947,600	1,141,100	1,022,600	1,019,000	1,029,500	1,333,900	1,907,600	1,085,800	1,099,800	1,263,200	1,182,800	1,098,500	1,091,800	1,245,700	1,161,600	1,116,000	1,130,400	1,075,400	980,600	943,800	987,700	1,150,500	1,053,300	966,300	997,600	1,131,500	418,000
Operating income from continuing operations
5,000	39,000	-29,400	8,700	16,400	12,300	47,000	20,900	7,100	44,900	46,800	30,100	51,000	57,200	33,800	13,300	13,000	-20,300	-772,100	-25,800	-11,800	76,200	53,600	500	11,000	103,900	44,400	-5,200	-900	55,100	59,100	-9,600	1,900	65,100	56,100	10,900	24,800	-2,400	-23,700
Interest expense
18,100	20,300	22,000	25,900	21,800	19,200	18,300	18,400	17,300	17,300	17,800	17,600	18,200	18,300	19,600	18,600	20,700	22,000	22,300	21,600	22,500	23,400	25,100	23,500	20,900	21,400	20,900	21,300	21,900	20,200	21,700	20,700	21,400	23,500	25,400	29,300	29,800	31,100	15,000
Net pension income
-2,700	-1,500	-1,500	-1,500	-1,500	-3,100	-3,100	-3,100	-3,100	-1,800	-2,600	-2,600	-2,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on debt extinguishment
600	0	-14,600	0	-15,900	0	0	0	0	0	0	0	-2,600	0	0	0	14,100	0	0	0	0	-	0	-6,000	-	-	0	0	-	-	-	-	-	-	-34,000	-	-	0	-
Loss from continuing operations before income taxes and equity in loss of unconsolidated entity
-9,800	20,200	-64,500	-15,700	-19,800	-3,800	31,800	5,600	-7,100	29,400	31,600	15,100	32,800	44,000	14,200	-5,300	6,400	-42,300	-794,400	-47,400	-34,300	51,600	28,500	-29,000	-9,900	82,500	23,500	-26,500	-22,800	34,900	37,400	-30,300	-19,500	41,600	-3,300	-18,400	-5,000	-33,500	-38,700
Income tax benefit
-1,200	2,100	-17,600	-1,700	-7,200	100	4,500	-3,700	-3,300	-36,000	11,800	8,300	6,700	7,400	2,900	1,000	1,700	-33,100	-244,900	-3,800	-1,000	27,900	3,100	-9,600	-1,200	22,000	10,400	-600	-8,500	14,500	-1,900	-10,300	-33,800	34,100	2,800	-3,700	-7,200	198,800	-1,500
Loss from continuing operations before equity in loss of unconsolidated entity
-8,600	18,100	-46,900	-14,000	-12,600	-3,900	27,300	9,300	-3,800	65,400	19,800	6,800	26,100	36,600	11,300	-6,300	4,700	-9,200	-549,500	-43,600	-33,300	23,700	25,400	-19,400	-8,700	60,500	13,100	-25,900	-14,300	20,400	39,300	-20,000	14,300	7,500	-6,100	-14,700	2,200	-232,300	-37,200
Equity in loss of unconsolidated entity
0	600	-100	-700	-100	300	200	200	300	800	0	-100	-700	900	0	-1,400	-900	-200	-2,700	-1,500	-1,900	2,100	-1,000	-3,400	-400	-500	-500	-1,700	200	1,600	400	-800	1,100	1,400	600	300	800	2,000	1,600
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,000	0	0	-3,200	-	-16,800	4,200	-10,300	-2,100	-
Gain on disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,300	0	0	35,300	0	0	0	0	-	-
Net loss from continuing operations
-12,400	7,600	-126,400	-14,700	-22,800	-20,600	22,500	9,500	-3,500	55,300	19,800	6,700	25,400	-	-	-	-	-	-	-	-	25,800	24,400	-22,800	-9,100	60,000	12,600	-27,600	-14,100	20,700	39,700	-20,800	47,500	-6,800	-22,300	-10,200	-7,300	-232,400	-35,600
Net loss from continuing operations
-8,600	-	-47,000	-	-12,700	-	27,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,000	39,700	-20,800	15,400	8,900	-5,500	-14,400	3,000	-230,300	-
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,400	28,100
Net earnings (loss) from continuing operations attributable to Quad/Graphics common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,600	-14,500	3,000	-230,400	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,800	4,200	-10,300	-2,100	-
Gain on disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Loss from discontinued operations, net of tax
-3,800	-	-79,400	-	-10,100	-	-5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,800	4,200	-10,300	-	-
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	50,100	-	-	-	-	-	-	-	-	-	-	47,900	-	-	-	47,500	47,400	-	-	46,900	46,800	-	-	-	-	-	-	-	-	-	-
Net earnings (loss) from continuing operations
-8,600	-	-47,000	-	-12,700	-	27,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,500	-14,400	3,000	-230,300	-
Less: net loss attributable to noncontrolling interests
0	100	100	100	-300	200	-900	100	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	0	100	100
Less: net earnings (loss) attributable to noncontrolling interests
0	100	100	100	-300	200	-900	100	0	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	-300	-700	-400	-400	-100	-300	-100	0	100	100	100	100	0	100	100
Net loss attributable to Quad common shareholders
-12,400	7,500	-126,500	-14,800	-22,500	-20,800	23,400	9,400	-3,500	55,300	19,800	6,700	25,400	37,500	11,300	-7,700	3,800	-9,400	-552,200	-45,100	-35,200	25,800	24,400	-22,800	-8,800	60,700	13,000	-27,200	-14,000	21,000	39,800	-20,800	47,400	-6,900	-22,400	-10,300	-7,300	-232,500	-35,700
Earnings Per Share [Abstract]
Earnings (loss) per share attributable to Quad common shareholders, basic, continuing operations (USD per share)
-0.17	-	-0.94	-	-0.25	-	0.57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.85	-	0.33	-	-0.12	-	0.07	-	-
Earnings (loss) per share attributable to Quad common shareholders, basic, discontinued operations (USD per share)
-0.08	-	-1.58	-	-0.20	-	-0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	0.68	-	-0.36	-	-0.22	-	-
Basic earnings (loss) per share attributable to Quad common shareholders (USD per share)
-0.25	0.15	-2.52	-0.30	-0.45	-	0.47	0.19	-	1.10	0.40	0.14	0.52	0.78	0.24	-0.16	0.08	-	-11.50	-	-	-	0.51	-	-	-	0.27	-	-	-	0.85	-	1.01	-	-0.48	-	-0.15	-	-
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03	0.00	0.00	0.68	-	-0.36	-	-0.21	-	-
Diluted (in dollars per share)
-	-	-2.52	-0.30	-	-	0.46	0.18	-	1.07	0.38	0.13	0.49	0.76	0.22	-0.16	0.08	-	-11.50	-	-	-	0.50	-	-	-	0.26	-	-	0.37	0.84	-0.44	1.01	-	-0.48	-	-0.15	-	-
Diluted, continuing operations (in dollars per share)
-	-	-0.94	-	-	-	0.56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.40	0.84	-0.44	0.33	-	-0.12	-	0.06	-	-
Diluted, discontinued operations (in dollars per share)
-	-	-1.58	-	-	-	-0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Continuing operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.31	-	-4.97	-
Discontinued operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	-	-0.04	-
Basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-0.07	-	-	-	-	-	-	-	-	-	-	-0.94	-0.74	-	-	-0.48	-0.19	-	-	-0.59	-0.31	-	-	-	-	-	-	-0.22	-	-5.01	-1.27
Dividends declared per share (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	-	0.30	0.30	0.30	-	-	-	-	-	-	-	-	-	-
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.30	0.30	0.30	-	0.30	0.30	0.30	-	0.30	0.30	0.30	-	0.30	0.30	0.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of common shares outstanding
Weighted average number of common shares outstanding, basic (in shares)
50,500	50,200	50,100	50,100	49,600	-	49,300	50,800	-	50,300	49,500	49,500	49,100	48,800	47,800	47,400	47,600	-	48,000	-	47,700	-	47,500	-	-	-	47,000	-	-	-	46,800	-	46,800	46,800	47,100	47,300	47,200	-	-
Weighted average number of common shares outstanding, diluted (in shares)
50,500	50,200	50,100	50,100	49,600	-	51,100	52,500	-	52,500	51,500	51,700	51,500	52,700	50,600	47,400	48,500	-	48,000	-	47,700	-	48,600	-	-	-	48,100	-	-	47,900	47,200	46,800	46,900	-	47,100	-	48,500	-	-
Net earnings (loss) attributable to Quad/Graphics common shareholders
-12,400	7,500	-126,500	-14,800	-22,500	-20,800	23,400	9,400	-3,500	55,300	19,800	6,700	25,400	-	11,300	-7,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,400	-10,300	-7,300	-232,500	-35,700
Products
Total net sales
645,000	796,100	742,500	798,300	761,400	-	771,100	803,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
523,700	662,300	625,300	681,800	646,200	-	628,900	664,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services
Total net sales
177,500	219,000	201,100	205,400	199,600	-	202,400	212,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
124,000	148,300	139,200	147,000	142,100	-	148,100	162,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-