STEPAN COMPANY SCL Income Statement

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net Sales
1,858	1,993	1,925	1,766	1,776	1,927	1,880	1,803	1,843	1,431	1,276
Cost of Sales
1,519	1,654	1,578	1,427	1,467	1,677	1,599	1,512	1,587	1,195	1,043
Gross Profit
339	339	346	338	308	249	281	291	255	235	233
Operating Expenses:
Selling
56	56	54	57	55	54	53	53	45	40	40
Administrative
82	79	75	75	76	66	61	63	50	49	51
Research, development and technical services
55	54	53	56	50	45	46	45	40	38	36
Deferred compensation (income) expense
15	-2	4	16	6	-11	9	-	-	-	-
Total Operating expenses
209	187	188	205	188	154	171	162	137	128	128
Gain on sale of product line
-	-	-	-	2	-	-	-	-	-	-
Business restructuring expenses (Note 17)
2	2	3	7	-	4	1	-	-	-	-
Operating Income
127	149	154	126	122	90	109	128	118	107	104
Other Income (Expense):
Interest, net
-5	-10	-11	-13	-14	-11	-10	-9	9	6	6
Loss from equity in joint ventures (Notes 1 and 25)
-	-	-	-	-6	-5	-5	-4	-3	-1	-3
Other, net (Note 15)
4	-0	3	0	1	1	2	1	-0	1	2
Nonoperating Income (Expense), Total
-1	-11	-7	-12	-19	-15	-13	-12	-13	-6	-7
Income Before Provision for Income Taxes
125	137	146	113	102	75	95	115	104	101	97
Provision for Income Taxes
22	26	46	27	26	18	23	36	32	35	34
Net Income
103	111	100	86	76	57	72	79	72	65	63
Net Loss Attributable to Noncontrolling Interests (Note 2)
-0	-0	-0	0	0	-0	-0	0	0	0	0
Net Income Attributable to Stepan Company
103	111	100	86	75	57	72	79	71	65	63
Net Income Per Common Share Attributable to Stepan Company (Note 10):
Basic
4.47	4.83	4.39	3.78	3.34	2.51	3.22	3.71	3.44	3.18	6.31
Diluted
4.42	4.76	4.31	3.73	3.32	2.49	3.18	3.49	3.21	2.95	5.84
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 10):
Basic
23	23	22	22	22	22	22	21	20	20	9
Diluted
23	23	23	23	22	22	22	22	22	22	10