STEPAN COMPANY SCL Income Statement

Stepan company (SCL)

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	Mar'11	Sep'10	Jun'10
Net Sales
1,819,562	1,858,745	1,880,414	1,936,829	1,983,692	1,993,857	2,001,021	1,980,838	1,956,073	1,925,007	1,871,820	1,829,036	1,788,538	1,766,166	1,764,821	1,763,802	1,761,613	1,776,167	1,811,107	1,858,525	1,910,222	1,927,213	1,947,311	1,931,348	1,901,682	1,880,786	1,833,716	1,799,228	1,795,014	1,803,737	1,820,648	1,879,005	1,885,763	1,843,092	1,765,722	1,632,891	0	0	0
Cost of Sales
1,485,188	1,519,031	1,550,850	1,601,091	1,650,932	1,654,508	1,647,782	1,635,599	1,610,827	1,578,840	1,545,417	1,494,814	1,451,373	1,427,621	1,420,307	1,425,085	1,436,315	1,467,926	1,527,704	1,587,621	1,647,241	1,677,650	1,686,662	1,661,457	1,629,673	1,599,101	1,542,848	1,511,448	1,507,545	1,512,184	1,539,113	1,604,643	1,615,212	1,587,539	1,511,842	1,379,613	0	0	0
Gross Profit
334,374	339,714	329,564	335,738	332,760	339,349	353,239	345,239	345,246	346,167	326,403	334,222	337,165	338,545	344,514	338,717	325,298	308,241	283,403	270,904	262,981	249,563	260,649	269,891	272,009	281,685	290,868	287,780	287,469	291,553	281,535	274,362	270,551	255,553	253,880	253,278	0	0	0
Operating Expenses:
Selling
56,519	56,956	55,742	56,169	55,398	56,319	56,566	55,663	55,524	54,090	55,356	55,636	56,978	57,212	56,487	56,522	56,215	55,522	51,595	54,386	53,614	54,763	56,621	52,700	53,647	53,229	55,444	54,677	53,222	53,145	50,685	49,442	48,628	45,807	43,246	41,752	0	0	0
Administrative
82,143	82,577	80,360	82,556	79,110	79,243	80,915	77,491	77,162	75,615	73,976	74,454	74,377	75,185	77,078	77,196	76,986	76,048	82,453	78,310	69,880	66,549	51,366	54,560	57,038	61,958	67,560	63,822	66,378	63,979	62,930	58,250	56,844	50,766	41,769	46,333	0	0	0
Research, development and technical services
55,474	55,037	53,180	53,684	54,039	54,263	54,719	53,397	53,931	53,696	54,068	55,681	55,683	56,086	55,537	53,894	52,235	50,243	47,312	45,784	45,317	45,451	46,531	47,668	47,406	46,809	48,012	46,623	46,259	45,713	42,684	41,922	41,074	40,524	40,392	40,351	0	0	0
Deferred compensation (income) expense
344	15,140	4,178	6,790	3,530	-2,329	4,565	214	6,095	4,857	9,473	17,043	14,461	16,805	17,867	3,504	7,643	6,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating expenses
194,480	209,710	193,460	199,199	192,077	187,496	196,765	186,765	192,712	188,258	192,873	202,814	201,499	205,288	206,969	191,116	193,079	188,313	170,685	174,727	158,485	154,860	164,014	164,424	167,587	171,492	171,016	165,122	165,859	162,837	156,299	149,614	146,546	137,097	125,407	128,436	0	0	0
Gain on sale of product line
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,862	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business restructuring expenses (Note 17)
2,368	2,744	1,884	3,140	2,963	2,588	3,617	2,328	2,641	3,069	2,859	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
137,526	127,260	134,220	133,399	137,720	149,265	152,857	156,146	149,893	154,840	125,729	124,033	127,816	126,193	136,484	146,540	132,219	122,790	111,571	95,030	103,349	90,694	95,595	104,427	103,382	109,153	119,852	122,658	121,610	128,716	125,236	124,748	124,005	118,456	128,473	124,842	0	0	0
Other Income (Expense):
Interest, net
-5,309	-5,932	-7,172	-8,567	-9,473	-10,771	-11,446	-11,412	-11,603	-11,444	-11,968	-12,029	-12,583	-13,205	-13,628	-14,641	-14,093	-14,533	-13,377	-12,386	-12,538	-11,441	-26,677	-20,844	-15,494	-10,358	-9,478	-9,781	-10,024	-9,599	9,956	9,528	9,636	9,095	8,517	7,771	0	0	0
Loss from equity in joint ventures (Notes 1 and 25)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,985	-5,084	-5,369	-4,797	-5,008	-5,117	-5,294	-5,374	-5,336	-4,968	-5,019	-4,996	-4,724	-4,773	-4,287	-3,792	-3,616	-2,528	-2,402	0	0	0
Other, net (Note 15)
-1,836	4,571	1,550	1,011	1,260	-725	1,950	3,245	3,554	3,486	3,953	3,541	2,445	828	2,079	-131	407	1,584	697	1,647	1,968	1,290	1,042	2,147	1,574	2,171	1,405	735	835	1,329	2,164	-268	-98	-851	548	1,465	0	0	0
Nonoperating Income (Expense), Total
-7,145	-1,361	-5,622	-7,556	-8,213	-11,496	-9,496	-8,167	-8,049	-7,958	-8,015	-8,488	-10,138	-12,377	-14,616	-18,702	-19,431	-19,934	-17,764	-16,108	-15,367	-15,159	-15,762	-14,975	-14,936	-13,523	-13,283	-13,701	-13,335	-12,994	-12,565	-14,083	-13,526	-13,562	-10,497	-8,708	0	0	0
Income Before Provision for Income Taxes
130,381	125,899	128,598	125,843	129,507	137,769	143,361	147,979	141,844	146,882	117,714	115,545	117,678	113,816	121,868	127,838	112,788	102,856	93,807	78,922	87,982	75,535	79,833	89,452	88,446	95,630	106,569	108,957	108,275	115,722	112,671	110,665	110,479	104,894	117,976	116,134	0	0	0
Provision for Income Taxes
24,719	22,798	23,576	24,947	25,369	26,664	37,128	41,647	41,068	46,139	27,642	25,959	27,487	27,618	31,205	33,608	30,118	26,819	24,421	20,990	22,623	18,454	18,440	21,390	22,098	23,293	29,276	31,494	31,955	36,035	34,928	34,010	34,329	32,292	39,700	40,020	0	0	0
Net Income
105,662	103,101	105,022	100,896	104,138	111,105	106,233	106,332	100,776	100,743	90,072	89,586	90,191	86,198	90,663	94,230	82,670	76,037	69,386	57,932	65,359	57,081	61,393	68,062	66,348	72,337	77,293	77,463	76,320	79,687	77,743	76,655	76,150	72,602	78,276	76,114	0	0	0
Net Loss Attributable to Noncontrolling Interests (Note 2)
-28	-28	-26	-17	-11	-12	-7	-53	-37	-31	-39	12	3	7	17	34	56	69	51	18	6	-20	-119	-361	-464	-491	-324	18	192	291	607	580	633	626	249	210	0	0	0
Net Income Attributable to Stepan Company
105,690	103,129	105,048	100,913	104,149	111,117	106,240	106,385	100,813	100,774	90,111	89,574	90,188	86,191	90,646	94,196	82,614	75,968	69,335	57,914	65,353	57,101	61,512	68,423	66,812	72,828	77,617	77,445	76,128	79,396	77,136	76,075	75,517	71,976	78,027	75,904	0	0	0
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