REXNORD CORPORATION RXN Income Statement

Rexnord corporation (RXN)

Income statement / TTM

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
Net sales
2,068,300	2,058,800	2,052,100	2,055,600	2,050,900	2,031,300	1,983,000	1,912,000	1,851,600	1,631,600	1,646,700	1,683,900	1,712,500	1,907,200	1,915,600	1,910,500	1,923,800	1,949,700	1,986,600	2,031,700	2,050,200	2,053,700	2,045,700	2,029,200	2,034,300	1,991,000	1,973,600	1,958,600	1,943,500	1,998,400	2,012,600	1,961,600	1,944,200	0	0	0
Cost of sales
1,250,300	1,255,500	1,256,200	1,264,700	1,266,100	1,249,600	1,215,500	1,174,100	1,145,100	989,800	1,022,000	1,058,800	1,086,100	1,247,000	1,250,100	1,249,700	1,258,600	1,262,800	1,276,500	1,293,900	1,304,000	1,298,500	1,290,800	1,279,500	1,280,900	1,252,700	1,248,600	1,238,800	1,226,900	1,265,900	1,283,500	1,259,700	1,254,100	0	0	0
Gross profit
818,000	803,300	795,900	790,900	784,800	781,700	767,500	737,900	706,500	641,800	624,700	625,100	626,400	660,200	665,500	660,800	665,200	686,900	710,100	737,800	746,200	755,200	754,900	749,700	753,400	738,300	725,000	719,800	716,600	732,500	729,100	701,900	690,100	0	0	0
Selling, general and administrative expenses
432,800	429,300	430,000	430,800	433,100	431,600	423,500	408,900	393,800	329,000	334,600	346,200	356,100	412,400	401,600	391,900	385,700	364,000	404,800	411,100	415,100	445,400	414,700	416,900	419,100	412,100	406,600	406,000	398,400	409,300	413,600	394,700	387,100	0	0	0
Zurn PEX loss contingency
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,100	10,100	10,100	10,100	0	0	0	0
Restructuring and other similar charges
15,500	11,600	10,600	12,200	12,100	15,200	15,800	14,900	14,100	12,700	21,200	22,800	26,100	45,900	40,300	38,600	34,900	16,500	12,700	11,400	12,900	10,700	10,200	10,000	8,400	7,100	7,600	8,800	8,600	10,400	10,800	8,400	6,800	0	0	0
Amortization of intangible assets
35,400	34,900	34,500	34,200	34,000	33,800	33,600	32,800	32,200	31,100	31,500	34,300	41,000	48,000	54,000	57,700	57,400	57,400	56,400	55,900	55,100	53,800	52,900	51,800	50,800	50,200	49,900	50,600	51,100	52,000	52,300	51,400	50,900	0	0	0
Income from operations
334,300	327,500	320,800	313,700	305,600	301,100	294,600	281,300	266,400	269,000	237,400	221,800	203,200	141,000	156,700	159,700	174,300	189,600	176,800	200,000	203,700	242,600	274,400	268,300	272,400	263,400	255,400	248,900	242,900	250,700	242,300	237,300	245,300	0	0	0
Non-operating (expense) income:
Interest expense, net
58,600	61,000	63,400	66,800	69,900	70,700	72,400	73,800	75,100	77,400	81,800	84,500	88,300	92,800	94,400	93,500	91,400	89,500	86,900	87,000	87,900	89,100	89,400	96,600	109,100	125,100	142,000	150,000	153,300	158,500	164,500	170,100	176,200	0	0	0
Gain (loss) on the extinguishment of debt
-	0	0	-	-	0	0	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-133,200	-133,200	-136,100	-6,900	-24,000	-34,000	-31,100	-31,100	-10,700	0	0	0
Actuarial (loss) gain on pension and postretirement benefit obligations
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Other (expense) income, net
-3,800	-5,900	-5,100	-4,800	-1,600	4,900	4,200	5,100	4,400	6,300	4,700	3,100	200	2,300	1,900	1,600	3,100	-700	-5,000	-6,300	-7,200	-13,800	-12,600	-10,200	-15,100	-11,700	-9,700	-9,600	-2,900	2,200	1,400	-6,400	-7,100	0	0	0
Income from continuing operations before income taxes
236,300	261,300	260,200	246,800	238,800	243,600	217,800	204,000	187,100	186,000	152,500	132,600	107,300	42,700	64,200	67,800	86,000	99,400	84,900	106,700	108,600	139,700	172,400	32,300	15,000	-6,600	-32,400	82,400	62,700	60,900	48,600	23,300	44,900	0	0	0
(Provision) benefit for income taxes
54,100	60,300	56,000	53,700	53,400	47,800	-12,300	-13,900	-19,500	-7,600	41,600	30,400	15,600	-4,800	-4,400	1,200	17,100	-4,400	-1,300	5,300	16,800	48,300	59,100	9,300	-10,000	-12,600	-21,200	20,800	15,400	15,300	8,900	-300	9,400	0	0	0
Equity method investment income
0	300	1,600	2,200	3,600	3,500	2,200	1,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
180,400	199,100	175,800	81,600	34,300	-74,900	-18,400	48,900	76,000	0	0	0	-	-	-	-	67,500	100,300	78,200	93,400	83,800	91,500	117,900	27,600	29,600	13,600	-5,800	65,900	50,100	0	0	0	-	-	-	-
Loss from discontinued operations, net of tax
-1,800	-2,200	-30,000	-113,700	-154,700	-274,200	-250,700	-170,500	-130,600	0	0	0	-	-	-	-	-	-	-	-	-8,000	0	0	0	-	-	-	-	2,800	-4,700	-2,200	0	-	0	0	-
Net income from continuing operations
182,200	201,300	205,800	195,300	189,000	199,300	232,300	219,400	206,600	0	0	0	-	-	-	-	-	-	-	-	91,800	0	0	0	-	-	-	-	47,300	36,500	29,300	0	-	0	0	-
Non-controlling interest income
300	300	100	100	0	0	300	200	100	0	0	0	-	-	-	-	-400	0	100	0	0	-300	-400	-500	-600	-500	-400	-200	0	0	0	0	-	-	-	-
Net income attributable to Rexnord
180,100	198,800	175,700	81,500	34,300	-74,900	-18,700	48,700	75,900	165,300	86,900	81,700	74,100	46,300	67,500	65,500	67,900	100,600	78,400	93,000	83,800	91,500	118,000	28,500	30,200	14,100	-5,400	66,100	50,100	34,800	31,200	16,500	29,900	0	0	0
Dividends on preferred stock
14,400	20,200	23,200	23,200	23,200	23,200	23,200	23,200	23,200	23,200	18,900	13,100	7,300	1,500	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Rexnord common stockholders
165,700	178,600	152,500	58,300	11,100	-98,100	-41,900	25,500	52,700	142,100	68,000	68,600	66,800	69,600	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic net income (loss) per share attributable to Rexnord common stockholders:
Continuing operations (in dollars per share)
0.23	0.40	0.48	0.40	0.40	0.45	0.39	0.35	0.50	0.77	0.26	0.23	-	-	-	-	-	-	0.23	0.21	0.35	0.07	0.37	0.11	0.36	0.29	-0.54	0.14	0.16	0.12	0.21	0.00	-	0.08	0.07	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	-0.02	0.00	-0.27	-0.80	-0.41	-1.16	-0.04	-0.03	-0.03	-	-	-	-	-	-	-	-	-0.03	-0.04	-0.01	0.00	-	-	-	-	0.08	-0.02	-0.01	-0.02	-	0.00	0.00	-
Net income (in dollars per share)
0.23	0.40	0.48	0.39	0.39	0.19	-0.42	-0.06	-0.65	0.73	0.23	0.20	0.20	0.02	0.24	0.19	-0.01	0.24	0.23	0.21	0.31	0.02	0.37	0.12	0.42	0.29	-0.54	0.14	0.24	0.10	0.20	-0.02	0.13	0.08	0.07	0.17
Diluted net income (loss) per share attributable to Rexnord common stockholders:
Continuing operations (in dollars per share)
0.23	0.39	0.46	0.39	0.39	0.43	0.37	0.34	0.51	0.70	0.26	0.22	-	-	-	-	-	-	0.22	0.20	0.35	0.06	0.36	0.11	0.37	0.28	-0.54	0.14	0.16	0.11	0.20	0.00	-	0.08	0.06	-
Discontinued operations (in dollars per share)
0.00	0.00	0.00	-0.01	0.00	-0.23	-0.68	-0.40	-0.97	-0.04	-0.03	-0.03	-	-	-	-	-	-	-	-	-0.03	-0.04	-0.01	0.00	-	-	-	-	0.08	-0.02	-0.01	-0.02	-	0.00	0.00	-
Net income (in dollars per share)
0.23	0.39	0.46	0.38	0.38	0.21	-0.30	-0.06	-0.48	0.67	0.23	0.20	0.20	0.02	0.24	0.18	0.00	0.24	0.22	0.20	0.30	0.02	0.36	0.12	0.42	0.28	-0.54	0.14	0.24	0.09	0.19	-0.02	0.12	0.08	0.06	0.16
Weighted-average number of common shares outstanding (in thousands):
Basic (in shares)
122,039	113,448	106,007	105,262	104,875	104,777	104,570	104,338	104,086	103,964	103,812	103,694	103,486	103,113	102,728	101,685	101,236	100,366	100,353	101,409	101,739	101,695	101,451	101,235	99,883	97,843	97,457	97,237	97,117	96,789	95,878	94,104	66,832	66,724	66,724	66,724
Effect of dilutive equity options (in shares)
3,746	10,235	17,913	18,402	34,878	18,268	18,806	2,804	-	-	-	1,538	-	-	1,880	2,491	1,981	2,410	2,527	2,958	3,145	3,090	3,259	3,294	6,343	3,317	0	3,192	8,219	3,489	3,868	0	5,550	5,491	5,499	4,716
Diluted (in shares)
125,785	123,683	123,920	123,664	139,753	123,045	123,376	107,142	155,147	122,017	105,540	105,232	105,794	104,558	104,608	104,176	103,217	102,776	102,880	104,367	104,884	104,785	104,710	104,529	106,226	101,160	97,457	100,429	105,336	100,278	99,746	94,104	72,382	72,215	72,223	71,440