The J. M. Smucker Company SJM Income Statement

The j. m. smucker company (SJM)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09
Net sales
1,972	1,957	1,778	1,902	2,011	2,021	1,902	1,781	1,903	1,923	1,748	1,783	1,878	1,913	1,815	1,807	1,973	2,077	1,952	1,447	1,440	1,481	1,323	1,234	1,465	1,559	1,350	1,339	1,559	1,628	1,369	1,355	1,467	1,513	1,188	1,187	1,312	1,278	1,047	1,069	1,205	1,278	1,051
Cost of products sold
1,212	1,203	1,079	1,209	1,238	1,250	1,224	1,090	1,174	1,168	1,086	1,137	1,155	1,171	1,093	1,119	1,210	1,290	1,223	1,016	917	945	845	794	920	1,007	858	867	1,022	1,084	895	898	988	1,002	747	750	821	772	629	635	747	786	645
Cost of products sold - restructuring and merger and integration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	4	6	13	12	10	15	16	12	9	3	0	0	0
Gross Profit
760	754	699	692	773	771	678	690	728	755	662	646	722	742	722	688	763	787	728	430	522	536	478	440	545	552	492	479	536	541	469	449	465	498	431	420	474	494	408	430	458	492	406
Selling, distribution, and administrative expenses
358	361	380	369	373	382	383	324	330	359	348	323	337	363	356	351	381	389	387	288	237	252	253	218	250	270	250	233	251	257	232	214	225	236	216	222	214	222	203	229	214	232	201
Amortization
58	58	58	60	59	59	60	52	51	51	51	52	51	51	51	50	52	53	53	34	25	25	24	24	24	24	24	24	24	24	24	25	22	20	20	18	18	18	18	18	18	18	18
Goodwill, Impairment Loss
-	-	-	-	-	-	-	-	145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	-	-	9	-	-
Other intangible assets impairment charges
52	-	-	-	107	-	-	-	31	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other special project costs
3	3	3	12	18	25	7	3	5	9	27	10	18	26	22	41	41	30	22	39	5	2	8	5	7	6	5	42	0	0	6	0	0	0	0	-	-	-	-	-	-	-	-
Other restructuring and merger and integration costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	11	17	-	19	17	-	-	-	-	-	-	-	-	-
Other restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	8	8	18	1	0	0	0
Other merger and integration costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	2	2	2	4	4	8	16
Loss on divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-11	-	-	0	0	-	-	-	-	-
Other operating expense (income) – net
2	-0	0	1	2	26	0	1	0	-2	0	4	-2	1	1	1	29	-0	1	3	0	-1	-0	-0	0	0	0	-0	4	-1	1	1	1	-1	0	-3	-0	2	0	-14	0	1	1
Operating Income
289	329	257	153	217	330	226	312	164	332	235	207	237	303	293	246	318	313	267	70	255	254	191	191	263	250	213	214	258	247	190	185	200	211	180	166	212	240	165	181	209	231	168
Interest expense – net
-45	-49	-49	-49	-51	-53	-53	-47	-43	-41	-42	-40	-40	-41	-41	-40	-43	-42	-44	-29	-16	-16	-17	-16	-18	-20	-23	-22	-23	-23	-23	-138	23	19	15	-120	18	18	16	14	14	17	18
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	1
Other income (expense) – net
-1	-1	-1	-2	-8	-7	-0	-1	-4	1	-4	-5	0	3	1	4	0	-1	0	2	0	0	1	9	1	-0	0	-0	-0	0	0	0	0	0	1	-0	0	-0	0	0	1	0	-0
Income Before Income Taxes
242	279	206	101	157	269	173	264	116	291	189	161	197	265	253	210	275	269	222	-129	238	238	175	183	246	230	189	191	234	224	167	163	177	193	166	149	195	221	149	167	197	215	151
Income tax expense
55	67	52	30	35	80	40	78	-715	97	62	51	63	88	83	19	90	93	86	-39	77	80	59	65	79	76	62	61	79	75	56	59	60	65	55	55	63	72	46	46	61	75	53
Net Income
187	211	154	71	121	188	133	185	831	194	126	110	134	177	170	191	185	176	136	-90	160	158	116	118	166	153	126	130	154	148	110	104	116	127	111	94	131	149	102	120	135	139	98
Earnings per common share:
Net Income (in dollars per share)
1.64	1.85	1.36	0.62	1.07	1.66	1.17	1.64	7.32	1.71	1.12	0.97	1.16	1.52	1.46	1.61	1.55	1.47	1.14	-0.94	1.58	1.55	1.14	1.18	1.59	1.46	1.19	1.22	1.42	1.36	1.00	0.93	1.03	1.12	0.98	0.83	1.12	1.25	0.86	1.00	1.14	1.18	0.83
Net Income - Assuming Dilution (in dollars per share)
1.64	1.85	1.36	0.62	1.07	1.66	1.17	1.63	7.32	1.71	1.12	0.96	1.16	1.52	1.46	1.60	1.55	1.47	1.14	-0.94	1.58	1.55	1.14	1.18	1.59	1.46	1.19	1.22	1.42	1.36	1.00	0.93	1.03	1.12	0.98	0.83	1.11	1.25	0.86	1.00	1.14	1.18	0.83
Dividends Declared per Common Share (in dollars per share)
-	-	-	-	-	-	-	-	0.78	0.78	0.78	-	0.75	0.75	0.75	0.67	0.67	0.67	0.67	0.64	0.64	0.64	0.64	0.58	0.58	0.58	0.58	0.52	0.52	0.52	0.52	0.48	0.48	0.48	0.48	0.44	0.44	0.40	0.40	-	0.35	0.35	0.35