STEPAN COMPANY SCL Income Statement

Stepan company (SCL)

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
Net Sales
449,987	444,990	451,582	473,003	489,170	466,659	507,997	519,866	499,335	473,823	487,814	495,101	468,269	420,636	445,030	454,603	445,897	419,291	444,011	452,414	460,451	454,231	491,429	504,111	477,442	474,329	475,466	474,445	456,546	427,259	440,978	470,231	465,269	444,170	499,335	476,989	422,598	366,800	366,504
Cost of Sales
370,718	360,246	374,180	380,044	404,561	392,065	424,421	429,885	408,137	385,339	412,238	405,113	376,150	351,916	361,635	361,672	352,398	344,602	366,413	372,902	384,009	404,380	426,330	432,522	414,418	413,392	401,125	400,738	383,846	357,139	369,725	396,835	388,485	384,068	435,255	407,404	360,812	308,371	303,026
Gross Profit
79,269	84,744	77,402	92,959	84,609	74,594	83,576	89,981	91,198	88,484	75,576	89,988	92,119	68,720	83,395	92,931	93,499	74,689	77,598	79,512	76,442	49,851	65,099	71,589	63,024	60,937	74,341	73,707	72,700	70,120	71,253	73,396	76,784	60,102	64,080	69,585	61,786	58,429	63,478
Operating Expenses:
Selling
13,532	14,661	14,186	14,140	13,969	13,447	14,613	13,369	14,890	13,694	13,710	13,230	13,456	14,960	13,990	14,572	13,690	14,235	14,025	14,265	12,997	10,308	16,816	13,493	14,146	12,166	12,895	14,440	13,728	14,381	12,128	12,985	13,651	11,921	10,885	12,171	10,830	9,360	9,391
Administrative
18,872	22,019	19,708	21,544	19,306	19,802	21,904	18,098	19,439	21,474	18,480	17,769	17,892	19,835	18,958	17,692	18,700	21,728	19,076	17,482	17,762	28,133	14,933	9,052	14,431	12,950	18,127	11,530	19,351	18,552	14,389	14,086	16,952	17,503	9,709	12,680	10,874	8,506	14,273
Research, development and technical services
13,827	14,809	13,473	13,365	13,390	12,952	13,977	13,720	13,614	13,408	12,655	14,254	13,379	13,780	14,268	14,256	13,782	13,231	12,625	12,597	11,790	10,300	11,097	12,130	11,924	11,380	12,234	11,868	11,327	12,583	10,845	11,504	10,781	9,554	10,083	10,656	10,231	9,422	10,042
Deferred compensation (income) expense
-7,323	3,662	1,610	2,395	7,473	-7,300	4,222	-865	1,614	-406	-129	5,016	376	4,210	7,441	2,434	2,720	5,272	-6,922	6,573	1,577	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating expenses
38,908	55,151	48,977	51,444	54,138	38,901	54,716	44,322	49,557	48,170	44,716	50,269	45,103	52,785	54,657	48,954	48,892	54,466	38,804	50,917	44,126	36,838	42,846	34,675	40,501	45,992	43,256	37,838	44,406	45,516	37,362	38,575	41,384	38,978	30,677	35,507	31,935	27,288	33,706
Gain on sale of product line
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business restructuring expenses (Note 17)
357	1,102	459	450	733	242	1,715	273	358	1,271	426	586	786	-	-	1,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
40,004	28,491	27,966	41,065	29,738	35,451	27,145	45,386	41,283	39,043	30,434	39,133	46,230	9,932	28,738	42,916	44,607	20,223	38,794	28,595	35,178	9,004	22,253	36,914	22,523	13,905	31,085	35,869	28,294	24,604	33,891	34,821	35,400	21,124	33,403	34,078	29,851	31,141	29,772
Other Income (Expense):
Interest, net
-1,230	-911	-1,402	-1,766	-1,853	-2,151	-2,797	-2,672	-3,151	-2,826	-2,763	-2,863	-2,992	-3,350	-2,824	-3,417	-3,614	-3,773	-3,837	-2,869	-4,054	-2,617	-2,846	-3,021	-2,957	-17,853	2,987	2,329	2,179	-16,973	2,684	2,086	2,604	2,582	2,256	2,194	2,063	2,004	1,510
Loss from equity in joint ventures (Notes 1 and 25)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,067	-863	-1,815	-1,240	-1,166	-1,148	-1,243	-1,451	-1,275	-1,325	-1,323	-1,413	-907	-1,376	-1,300	-1,141	-956	-890	-805	-965	132	-764
Other, net (Note 15)
-3,262	306	885	235	3,145	-2,715	346	484	1,160	-40	1,641	793	1,092	427	1,229	-303	-525	1,678	-981	235	652	791	-31	556	-26	543	1,074	-17	571	-223	404	83	1,065	612	-2,028	253	312	2,011	-1,111
Nonoperating Income (Expense), Total
-4,492	-605	-517	-1,531	1,292	-4,866	-2,451	-2,188	-1,991	-2,866	-1,122	-2,070	-1,900	-2,923	-1,595	-3,720	-4,139	-5,162	-5,681	-4,449	-4,642	-2,992	-4,025	-3,708	-4,434	-3,595	-3,238	-3,669	-3,021	-3,355	-3,656	-3,303	-2,680	-2,926	-5,174	-2,746	-2,716	139	-3,385
Income Before Provision for Income Taxes
35,512	27,886	27,449	39,534	31,030	30,585	24,694	43,198	39,292	36,177	29,312	37,063	44,330	7,009	27,143	39,196	40,468	15,061	33,113	24,146	30,536	6,012	18,228	33,206	18,089	10,310	27,847	32,200	25,273	21,249	30,235	31,518	32,720	18,198	28,229	31,332	27,135	31,280	26,387
Provision for Income Taxes
7,973	5,853	1,569	9,324	6,052	6,631	2,940	9,746	7,347	17,095	7,459	9,167	12,418	-1,402	5,776	10,695	12,549	2,185	8,179	7,205	9,250	-213	4,748	8,838	5,081	-227	7,698	9,546	6,276	5,756	9,916	10,007	10,356	4,649	8,998	10,326	8,319	12,057	9,318
Net Income
27,539	22,033	25,880	30,210	24,978	23,954	21,754	33,452	31,945	19,082	21,853	27,896	31,912	8,411	21,367	28,501	27,919	12,876	24,934	16,941	21,286	6,225	13,480	24,368	13,008	10,537	20,149	22,654	18,997	15,493	20,319	21,511	22,364	13,549	19,231	21,006	18,816	19,223	17,069
Net Loss Attributable to Noncontrolling Interests (Note 2)
-6	-5	-9	-8	-6	-3	0	-2	-7	2	-46	14	-1	-6	5	5	3	4	22	27	16	-14	-11	15	-10	-113	-253	-88	-37	54	89	86	62	370	62	139	55	-7	23
Net Income Attributable to Stepan Company
27,545	22,038	25,889	30,218	24,984	23,957	21,754	33,454	31,952	19,080	21,899	27,882	31,913	8,417	21,362	28,496	27,916	12,872	24,912	16,914	21,270	6,239	13,491	24,353	13,018	10,650	20,402	22,742	19,034	15,439	20,230	21,425	22,302	13,179	19,169	20,867	18,761	19,230	17,046
Net Income Per Common Share Attributable to Stepan Company (Note 10):
Basic
1.20	0.96	1.12	1.31	1.08	1.05	0.95	1.45	1.38	0.84	0.95	1.21	1.39	0.36	0.94	1.25	1.23	0.56	1.10	0.74	0.94	0.28	0.59	1.07	0.57	0.46	0.90	1.01	0.85	0.70	0.95	1.01	1.05	-2.19	1.83	2.00	1.80	1.87	1.66
Diluted
1.18	0.94	1.11	1.30	1.07	1.02	0.93	1.44	1.37	0.81	0.94	1.19	1.37	0.35	0.92	1.24	1.22	0.56	1.09	0.74	0.93	0.27	0.59	1.06	0.57	0.47	0.89	0.99	0.83	0.68	0.89	0.94	0.98	-2.04	1.70	1.87	1.68	1.73	1.53
Shares Used to Compute Net Income Per Common Share Attributable to Stepan Company (Note 10):
Basic
23,023	23,006	23,025	23,086	23,099	22,981	22,986	23,039	23,082	22,959	22,971	22,953	22,901	22,860	22,819	22,760	22,733	22,728	22,732	22,742	22,718	22,770	22,726	22,763	22,773	22,761	22,700	22,559	22,464	21,808	21,162	21,100	21,022	51,871	10,365	10,345	10,323	10,188	10,160
Diluted
23,285	23,303	23,300	23,329	23,332	23,328	23,288	23,295	23,389	23,422	23,374	23,381	23,331	23,325	23,148	23,004	22,899	22,881	22,853	22,871	22,827	22,898	22,875	22,931	22,964	22,956	22,936	22,917	22,887	22,828	22,736	22,714	22,642	56,165	11,248	11,178	11,169	11,109	11,118
Dividends Declared Per Common Share
-	-	-	-	-	-	-	-	-	-	0.21	0.21	0.21	-	0.19	0.19	0.19	-	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.14	0.14	0.14	-	0.26	0.26	0.26	0.24	0.24