RELIANCE STEEL & ALUMINUM CO RS Income Statement

Reliance steel & aluminum co (RS)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales
2,572	2,447	2,685	2,883	2,956	2,814	2,974	2,988	2,757	2,376	2,450	2,475	2,419	2,061	2,185	2,203	2,162	2,026	2,286	2,423	2,614	2,576	2,705	2,616	2,553	2,306	2,443	2,448	2,025	1,889	2,055	2,209	2,288	2,033	2,138	2,049	1,912	1,584	1,653	1,620	1,454	1,243	1,242
Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)
1,792	1,653	1,871	2,029	2,089	2,104	2,140	2,071	1,937	1,697	1,764	1,773	1,697	1,447	1,530	1,518	1,526	1,444	1,647	1,767	1,943	1,954	2,026	1,943	1,905	1,702	1,800	1,826	1,496	1,364	1,520	1,640	1,710	1,558	1,644	1,538	1,406	1,190	1,257	1,203	1,076	886	960
Warehouse, delivery, selling, general and administrative
522	513	518	531	532	505	531	535	519	480	470	475	476	440	453	455	449	409	428	440	446	431	472	444	441	424	430	426	357	346	345	346	357	328	319	313	318	284	278	272	269	251	247
Depreciation and amortization
57	56	54	54	54	53	53	54	54	54	54	55	55	55	55	55	56	53	54	54	55	55	54	52	51	51	49	50	41	39	37	36	35	34	34	31	33	31	29	30	29	30	29
Impairment of long-lived assets
97	-	-	1	-	-	35	-	-	-	2	-	-	-	51	-	-	-	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
2,469	2,222	2,444	2,616	2,675	2,664	2,760	2,661	2,510	2,234	2,291	2,304	2,229	1,944	2,090	2,029	2,031	1,907	2,184	2,263	2,445	2,440	2,553	2,441	2,398	2,193	2,280	2,302	1,895	1,753	1,902	2,023	2,103	1,921	1,998	1,883	1,757	1,506	1,565	1,506	1,374	1,169	1,237
Operating income
103	224	241	266	280	149	214	327	246	142	158	171	190	117	94	174	131	118	101	160	169	136	151	175	154	113	163	145	130	135	152	186	184	112	140	165	154	78	88	114	79	74	5
Other expense:
Interest expense
16	16	20	23	24	23	22	21	19	19	19	18	17	19	22	21	21	21	21	21	20	20	20	20	20	20	21	22	13	14	14	15	14	14	15	15	14	15	15	15	15	15	16
Other expense, net
-3	1	-2	2	-1	-1	2	0	-1	-2	2	-0	-4	-0	-2	-1	-0	-3	-2	-2	1	-	-0	-1	-	0	1	-0	2	-0	5	-3	6	0	-6	4	0	-2	0	-2	1	3	1
Income before income taxes
83	209	218	245	255	123	194	306	225	120	142	152	168	97	70	151	109	94	77	135	150	127	130	154	134	93	142	122	119	121	143	167	176	98	118	154	140	60	73	96	65	61	-9
Income tax provision
20	43	54	61	63	36	44	73	54	-183	43	47	55	35	19	49	15	25	24	44	47	33	33	56	46	30	46	40	35	40	44	57	58	29	32	54	46	19	24	33	20	19	-3
Net income
62	166	163	184	191	87	150	233	171	303	99	104	113	62	50	102	93	68	52	91	102	93	96	97	87	62	96	81	84	80	99	110	117	69	86	100	93	40	49	62	45	42	-5
Less: Net income attributable to noncontrolling interests
1	0	1	1	1	1	2	2	2	2	1	1	1	1	1	1	1	0	1	1	1	1	1	1	0	0	0	0	0	0	1	1	1	1	1	1	1	1	0	1	0	0	0
Net income attributable to Reliance
61	165	162	183	190	85	148	230	169	301	97	103	111	61	49	100	92	68	51	90	101	92	95	96	87	61	95	81	83	80	98	108	116	67	84	98	92	39	48	61	44	41	-5
Earnings per share attributable to Reliance stockholders:
Diluted (in dollars per share)
0.92	2.45	2.40	2.69	2.80	1.26	2.03	3.16	2.30	4.10	1.32	1.40	1.52	0.83	0.68	1.38	1.27	0.97	0.69	1.20	1.30	1.19	1.21	1.22	1.11	0.78	1.22	1.05	1.09	1.05	1.30	1.44	1.54	0.91	1.13	1.31	1.23	0.53	0.65	0.83	0.60	0.57	-0.08
Basic (in dollars per share)
0.93	2.49	2.44	2.73	2.83	1.28	2.06	3.19	2.32	4.15	1.33	1.41	1.53	0.86	0.68	1.39	1.28	0.98	0.70	1.21	1.31	1.18	1.23	1.24	1.13	0.80	1.23	1.06	1.10	1.06	1.30	1.45	1.55	0.91	1.13	1.32	1.24	0.54	0.65	0.83	0.60	0.57	-0.08
Shares used in computing earnings per share:
Diluted (in shares)
67	67	67	67	67	-	72	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	73
Basic (in shares)
66	66	66	67	67	-	71	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	73
Cash dividends per share (in dollars per share)
0.62	0.55	0.55	0.55	0.55	0.50	0.50	0.50	0.50	0.45	0.45	0.45	0.45	0.42	0.42	0.40	0.40	0.40	0.40	0.40	0.40	0.35	0.35	0.35	0.35	0.33	0.33	0.30	0.30	0.25	0.25	0.15	0.15	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.10	0.10