SEALED AIR CORP/DE SEE Income Statement

Sealed air corp/de (SEE)

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
1,173,900	1,298,900	1,218,500	1,161,000	1,112,700	1,260,300	1,186,200	1,155,200	1,131,000	1,227,800	1,131,300	1,070,300	1,032,200	1,101,400	1,065,100	1,038,900	1,005,900	-867,300	1,746,200	1,785,000	1,746,400	1,973,700	1,975,500	1,973,600	1,827,700	2,012,500	1,912,000	1,937,400	1,828,900	1,888,900	1,900,300	1,924,600	1,845,400	1,879,100	1,247,100	1,212,600	1,128,500	1,209,200	1,130,000	1,089,700	1,061,200	1,079,900	1,028,000
Food Packaging
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	447,200	463,400	448,700
Food Solutions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219,100	229,600	220,200
Protective Packaging
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	306,500	306,100	281,800
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,400	80,800	77,300
Cost of sales
783,400	869,600	826,500	782,700	747,500	861,200	820,700	791,700	757,000	855,300	770,600	726,800	696,800	742,300	708,400	689,300	670,300	-372,500	1,109,600	1,121,200	1,096,800	1,301,400	1,279,400	1,294,000	1,188,100	1,343,800	1,262,100	1,278,300	1,216,700	1,261,400	1,256,700	1,296,300	1,224,300	1,267,500	911,400	888,300	819,500	877,400	809,500	789,200	761,200	768,800	739,900
Gross profit
390,500	429,300	392,000	378,300	365,200	399,100	365,500	363,500	374,000	372,500	360,700	343,500	335,400	359,100	356,700	349,600	335,600	-494,800	636,600	663,800	649,600	672,300	696,100	679,600	639,600	668,700	649,900	659,100	612,200	627,500	643,600	628,300	621,100	611,600	335,700	324,300	309,000	331,800	320,500	300,500	300,000	311,100	288,100
Selling, general and administrative expenses
194,100	215,600	221,600	266,200	212,100	203,400	192,100	192,800	194,000	207,400	207,900	202,900	197,400	187,700	184,200	197,300	185,100	-465,700	400,600	415,300	427,800	464,400	468,800	460,700	447,400	439,600	426,000	449,900	434,700	418,500	426,300	467,200	444,700	455,400	179,400	186,100	183,500	178,600	173,300	171,600	175,500	180,000	169,300
Amortization expense of intangible assets acquired
9,000	10,400	9,500	4,400	4,600	4,800	3,600	3,400	3,900	3,900	3,100	1,100	5,000	4,600	4,100	3,500	2,800	-56,300	21,800	23,000	22,600	26,100	30,400	31,200	31,200	30,800	29,100	31,400	31,900	33,200	33,000	33,800	32,700	30,900	2,500	2,500	2,500	-	-	-	-	-	-
Stock appreciation rights expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	1,600	2,900	-11,300	1,000	1,700	500	11,300	8,700	100	18,000	12,800	2,900	-9,100	11,800	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,334,300	-	-	-	-	-	-	-	-	-	-	-	-
Integration related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	-	300	0	400	2,600	1,300	1,700	1,800	-	24,100	6,600	-	-	-	-	-	-	-
Restructuring charges
600	-1,700	6,900	29,300	7,400	25,500	6,600	7,100	8,600	2,900	6,200	1,100	1,900	500	1,300	1,200	-200	-19,300	38,400	16,900	12,700	34,100	11,400	14,100	6,100	12,600	49,500	11,900	-200	32,400	36,800	26,300	47,000	-	-200	-	-	7,200	100	-300	600	900	700
Operating profit
186,800	205,000	154,000	78,400	141,100	165,400	163,200	160,200	167,500	158,300	143,500	138,400	131,100	166,300	167,100	147,600	147,900	50,600	176,200	207,000	183,600	143,700	184,500	171,900	153,500	175,100	136,300	165,800	127,400	-430,000	-1,191,000	108,400	83,100	38,800	129,900	129,100	123,000	134,800	147,100	129,200	123,900	130,200	118,100
Interest expense, net
44,400	-	48,500	43,200	44,900	-	44,800	44,500	42,000	-	49,100	47,700	46,600	-	49,600	50,900	50,900	38,700	54,800	59,000	58,500	65,600	69,700	73,900	78,500	91,600	88,900	89,700	90,800	93,500	96,600	97,300	97,300	106,100	36,600	36,900	37,000	39,200	40,700	41,000	40,700	41,900	37,800
Impairment of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	-	-	-	-	23,500	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities, net of impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,100	700	3,200	-
Foreign currency exchange loss due to highly inflationary economies
-900	-1,200	-1,300	-1,300	-800	-2,900	400	0	0	-	-	-	-	-100	0	-600	-1,000	3,500	-1,000	-30,500	800	-1,500	-4,100	200	-15,000	-200	700	-500	-13,100	-100	-100	-100	-100	-	-	-	-200	-1,000	-1,300	6,600	1,200	-	-
Charge related to Venezuelan subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-46,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from Settlement agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	21,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt redemption and refinancing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-110,800	-	-	-17,700	-400	-	-3,900	0	-100	-32,300	-	-	0	-	-	-	-	-	-	-	-	-	-3,400	-
(Loss) gain on sale of business, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	29,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
5,700	-20,800	-1,900	3,900	-700	2,600	-9,800	1,100	-12,000	1,500	11,800	-5,300	-1,800	-1,500	400	4,500	-3,500	-15,900	5,500	7,000	5,400	-	4,500	-4,800	-	-9,200	300	-3,300	300	-1,100	1,400	-5,700	-4,000	-15,400	6,800	-2,000	-3,900	-500	-1,600	-3,100	2,300	-2,400	1,600
Earnings before income tax provision
147,200	135,500	102,300	37,800	94,700	118,500	109,000	116,800	113,500	119,000	106,200	85,400	82,700	122,900	117,900	54,600	92,500	-8,800	126,000	42,900	131,300	-4,400	97,500	93,000	81,100	70,200	46,300	72,200	-8,500	-561,600	-1,286,300	-18,200	-18,300	-82,800	100,100	90,200	81,900	59,100	105,500	92,800	86,000	79,300	81,900
Net gains on sale (other-than-temporary impairment) of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-	-
Income tax provision
32,700	11,100	22,800	12,300	30,400	-80,900	33,400	33,500	321,500	94,000	43,700	56,400	136,400	-29,100	54,100	53,000	17,600	44,300	39,400	14,800	34,100	-70,700	36,700	32,900	10,200	65,000	11,200	17,900	-9,200	-210,000	-48,000	2,500	-9,900	-17,100	26,400	25,200	22,200	7,900	29,000	25,800	24,800	18,700	21,400
Net earnings from continuing operations
114,500	124,400	79,500	25,500	64,300	199,400	75,600	83,300	-208,000	25,000	62,500	29,000	-53,700	152,000	63,800	1,600	74,900	-	-	-	-	-	-	-	-	5,200	35,100	54,300	700	-351,600	-1,238,300	-20,700	-8,400	-	73,700	-	-	-	-	-	-	-	-
Gain (Loss) gain on sale of discontinued operations, net of tax
12,100	-20,100	-11,500	7,700	-6,800	900	3,400	31,100	7,400	-58,600	699,300	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	100	25,700	75,100	10,500	19,100	99,500	48,000	27,500	-	-	-	-	-	-	-	-	1,100	2,500	2,000	2,000	13,400	5,900	7,000	2,400	-	-	-	-	-	-	-	-	-	-
Net earnings
126,600	104,300	68,000	33,200	57,500	200,300	79,000	114,400	-200,600	-33,500	787,500	104,100	-43,200	171,100	163,300	49,600	102,400	123,500	86,600	28,100	97,200	66,300	60,800	60,100	70,900	29,200	37,600	56,300	2,700	-159,300	-1,232,400	-13,700	-6,000	-49,300	73,700	65,000	59,700	51,200	76,500	67,000	61,200	60,600	60,500
Basic:
Continuing operations (in dollars per share)
0.74	0.81	0.52	0.16	0.41	1.19	0.48	0.52	-1.25	0.14	0.33	0.14	-0.27	0.79	0.33	0.01	0.37	-	-	-	-	-	-	-	-	-	0.18	0.28	-	-1.84	-6.41	-0.11	-0.04	-	0.46	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
0.08	-0.14	-0.08	0.06	-0.04	0.02	0.02	0.19	0.04	-0.31	3.86	0.39	0.05	0.10	0.51	0.24	0.14	-	-	-	-	-	-	-	-	0.13	0.01	0.01	0.01	1.00	0.03	0.04	0.01	-	-	-	-	-	-	-	-	-	-
Net earnings per common share - basic (in dollars per share)
0.82	0.67	0.44	0.22	0.37	1.21	0.50	0.71	-1.21	-0.17	4.19	0.53	-0.22	0.89	0.84	0.25	0.51	0.61	0.43	0.13	0.46	0.31	0.29	0.28	0.34	0.16	0.19	0.29	0.01	-0.84	-6.38	-0.07	-0.03	-0.35	0.46	0.41	0.37	0.33	0.48	0.42	0.38	0.38	0.38
Diluted:
Continuing operations (in dollars per share)
0.74	0.81	0.51	0.16	0.41	1.19	0.48	0.52	-1.25	0.13	0.33	0.14	-0.27	0.78	0.32	0.01	0.37	-	-	-	-	-	-	-	-	-	0.17	0.25	-	-1.84	-6.41	-0.11	-0.04	-	0.41	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
0.08	-0.14	-0.07	0.05	-0.04	0.01	0.02	0.19	0.04	-0.29	3.82	0.38	0.05	0.09	0.51	0.24	0.14	-	-	-	-	-	-	-	-	0.11	0.01	0.01	0.01	1.00	0.03	0.04	0.01	-	-	-	-	-	-	-	-	-	-
Net earnings per common share - diluted (n dollars per share)
0.82	0.67	0.44	0.21	0.37	1.20	0.50	0.71	-1.21	-0.16	4.15	0.52	-0.22	0.87	0.83	0.25	0.51	0.61	0.42	0.13	0.46	0.31	0.28	0.28	0.33	0.13	0.18	0.26	0.01	-0.84	-6.38	-0.07	-0.03	-0.32	0.41	0.37	0.34	0.28	0.43	0.38	0.35	0.34	0.33
Dividends per common share (in dollars per share)
-	-	0.16	0.16	-	-	0.16	0.16	0.16	-	0.16	0.16	0.16	0.16	0.16	0.16	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12
Weighted average number of common shares outstanding:
Basic (in shares)
154,500	153,900	154,000	154,500	154,800	155,400	157,200	159,700	165,300	174,800	186,900	192,500	193,400	192,300	194,100	195,600	195,200	195,300	202,900	208,500	208,900	209,400	210,400	213,500	206,700	194,900	194,900	194,800	193,800	193,100	193,200	193,000	191,900	190,800	159,300	159,200	158,700	158,800	158,300	158,300	157,800	157,400	157,300
Diluted (in shares)
154,800	155,300	154,800	155,300	155,400	156,900	158,000	160,600	165,300	176,200	188,900	194,800	195,700	196,200	196,700	198,400	197,500	198,000	205,800	211,300	211,700	211,500	213,500	215,500	215,100	215,200	215,300	213,600	212,700	193,100	193,200	193,000	191,900	209,300	177,900	177,500	176,900	177,500	176,700	176,500	176,100	178,300	188,600