SONOCO PRODUCTS COMPANY SON Income Statement

Sonoco products company (SON)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Net sales
5,374	5,390	5,036	4,782	4,964	5,016	4,861	4,813	4,498	4,124	3,597	4,122
Cost of sales
4,316	4,349	4,077	3,836	4,034	4,109	4,000	3,974	3,742	3,356	2,931	3,398
Gross profit
1,057	1,041	958	946	929	907	861	839	756	767	666	724
Selling, general and administrative expenses
530	563	507	503	496	506	487	463	397	405	386	374
Gain on disposition of business, net
-	-	-	104	0	0	-	-	-	-	-	-
Total Restructuring/Asset Impairment Charges
59	40	38	42	50	22	25	32	36	23	26	100
Operating profit
467	437	412	504	382	378	349	342	322	338	252	249
Non-operating pension costs
24	0	45	11	-	-	-	-	-	-	-	-
Interest expense
66	63	57	54	56	55	59	64	41	37	40	53
Interest income
5	4	4	2	2	2	3	4	3	2	2	6
Loss from the early extinguishment of debt
-	-	-	-	-	-	-	-	-	-48	0	-
Income before income taxes
380	378	314	441	327	325	292	283	284	254	214	202
Provision for income taxes
93	75	146	164	87	108	93	100	78	64	66	54
Income before equity in earnings of affiliates
287	303	167	276	240	216	199	182	205	189	147	147
Equity in earnings of affiliates, net of tax
5	11	9	11	10	9	12	12	12	11	7	9
Net income
292	314	177	287	250	226	211	195	218	201	155	157
Net loss/(income) attributable to noncontrolling interests
0	1	2	1	0	0	1	0	0	0	3	-7
Net income attributable to Sonoco
291	313	175	286	250	225	209	195	217	201	151	164
Weighted average common shares outstanding:
Basic (in shares)
100	100	100	101	101	102	102	101	101	101	100	100
Assuming exercise of awards (in shares)
0	0	0	0	0	0	0	0	1	0	0	0
Diluted (in shares)
101	101	100	101	102	103	103	102	102	102	101	100
Per common share:
Net income attributable to Sonoco:
Basic (in usd per share)
2.90	3.12	1.75	2.83	2.46	2.21	2.05	1.92	2.15	1.98	1.50	1.64
Diluted (in usd per share)
2.88	3.10	1.74	2.81	2.44	2.19	2.03	1.90	2.13	1.96	1.50	1.63
Cash dividends (in usd per share)
-	-	-	-	1.37	1.27	1.23	1.19	1.15	1.11	1.08	1.07