SONOCO PRODUCTS COMPANY SON Income Statement

Sonoco products company (SON)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'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
1,303,296	1,308,850	1,353,931	1,359,721	1,351,705	1,355,616	1,364,762	1,366,373	1,304,187	1,299,018	1,324,634	1,240,674	1,172,324	1,142,197	1,208,724	1,205,680	1,226,276	1,267,135	1,242,592	1,248,590	1,206,052	1,316,843	1,262,503	1,247,616	1,190,032	1,224,393	1,231,795	1,226,256	1,179,213	1,203,312	1,195,530	1,202,359	1,212,370	1,129,573	1,124,171	1,127,865	1,117,323	1,127,147	1,051,725	1,010,116	935,133	930,560	864,231
Cost of sales
1,036,706	1,061,963	1,088,446	1,084,385	1,081,584	1,101,308	1,105,126	1,089,913	1,053,585	1,054,609	1,071,755	1,002,289	949,345	918,553	973,351	963,667	981,023	1,027,792	1,013,219	1,008,274	985,662	1,070,112	1,040,059	1,018,666	980,271	1,013,015	1,009,809	1,003,692	973,497	1,003,380	989,301	985,817	995,509	944,829	937,431	936,775	923,114	927,481	852,141	817,592	759,375	757,504	705,947
Gross profit
266,590	246,887	265,485	275,336	270,121	254,308	259,636	276,460	250,602	244,409	252,879	238,385	222,979	223,644	235,373	242,013	245,253	239,343	229,373	240,316	220,390	246,731	222,444	228,950	209,761	211,378	221,986	222,564	205,716	199,932	206,229	216,542	216,861	184,744	186,740	191,090	194,209	199,666	199,584	192,524	175,758	173,056	158,284
Selling, general and administrative expenses
123,888	135,771	120,322	132,213	142,561	148,832	136,002	141,031	137,441	128,171	129,136	125,308	125,209	120,662	121,583	126,611	134,193	138,348	130,341	130,887	96,665	146,284	110,507	126,455	123,750	127,377	117,935	121,848	120,011	112,025	110,330	118,554	122,806	105,982	89,924	99,273	102,298	107,048	102,533	99,639	96,136	98,085	90,589
Total Restructuring/Asset Impairment Charges
12,599	29,238	6,615	13,355	10,672	11,380	22,061	3,567	3,063	25,900	511	7,897	4,111	1,430	8,947	23,278	9,228	21,000	19,551	10,445	-359	11,221	5,908	3,671	1,992	6,253	5,818	8,678	4,289	8,694	-444	9,396	15,212	12,883	12,048	9,578	2,317	5,375	12,166	2,511	3,947	158	10,386
Operating profit
130,103	81,878	138,548	129,768	116,888	94,096	101,573	131,862	110,098	90,338	123,232	105,180	93,659	205,844	104,843	92,124	101,832	79,995	79,481	98,984	124,084	89,226	106,029	98,824	84,019	77,748	98,233	92,038	81,416	79,213	96,343	88,592	78,843	65,879	84,768	82,239	89,594	87,243	84,885	90,374	75,675	74,813	57,309
Non-operating pension costs
-7,579	-	-7,210	-5,550	-6,041	-	25	-513	291	-	-3,150	34,410	3,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
16,529	16,729	17,286	16,798	16,032	16,146	15,989	16,217	14,795	15,571	14,741	13,823	13,085	12,756	13,133	14,092	14,189	14,621	14,340	14,237	13,775	14,566	13,620	13,670	13,284	14,513	15,119	15,136	15,145	15,735	15,908	16,205	16,266	13,836	9,287	9,335	9,374	10,368	9,176	8,939	8,930	10,202	10,609
Interest income
484	1,219	2,530	846	647	973	1,487	1,090	1,440	1,323	1,094	1,031	1,027	967	696	548	402	532	653	636	554	871	702	535	641	748	833	729	877	1,271	1,056	957	845	1,007	953	1,161	637	701	732	381	493	801	538
Income before income taxes
106,479	60,456	116,582	108,266	95,462	78,179	87,096	116,222	97,034	72,226	106,435	57,978	77,915	182,246	92,406	78,580	88,045	65,906	65,794	85,383	110,863	75,531	93,111	85,689	71,376	63,983	83,947	77,631	67,148	64,749	81,491	73,344	63,422	53,050	76,434	74,065	80,857	28,959	76,441	81,816	67,238	65,412	47,238
Provision for income taxes
26,756	16,056	26,098	28,491	22,624	3,034	18,325	30,293	23,356	68,338	35,545	17,167	25,539	81,029	29,618	24,790	29,194	12,719	24,775	24,023	26,221	29,437	27,539	29,271	22,511	19,223	26,747	26,409	21,252	27,201	25,399	25,905	21,897	27,120	2,344	23,775	25,184	-2,368	21,091	25,851	19,911	16,436	15,084
Income before equity in earnings of affiliates
79,723	44,400	90,484	79,775	72,838	75,145	68,771	85,929	73,678	3,888	70,890	40,811	52,376	101,217	62,788	53,790	58,851	53,187	41,019	61,360	84,642	46,094	65,572	56,418	48,865	44,760	57,200	51,222	45,896	37,548	56,092	47,439	41,525	25,930	74,090	50,290	55,673	31,327	55,350	55,965	47,327	48,976	32,154
Equity in earnings of affiliates, net of tax
513	931	1,799	1,511	930	2,204	4,049	3,716	1,247	2,162	2,521	2,845	1,954	3,778	3,190	2,928	1,339	3,125	2,976	3,269	1,046	2,990	2,294	3,126	1,476	3,796	2,512	3,824	1,897	4,569	2,937	3,912	1,387	3,598	3,083	3,416	1,964	3,417	3,871	2,991	1,226	2,401	836
Net income
80,236	45,331	92,283	81,286	73,768	77,349	72,820	89,645	74,925	6,050	73,411	43,656	54,330	104,995	65,978	56,718	60,190	56,312	43,995	64,629	85,688	49,084	67,866	59,544	50,341	48,556	59,712	55,046	47,793	42,117	59,029	51,351	42,912	29,528	77,173	53,706	57,637	34,744	59,221	58,956	48,553	51,377	32,990
Net loss/(income) attributable to noncontrolling interests
-209	432	219	127	105	-329	405	233	870	375	599	531	597	122	583	466	276	249	81	250	-92	61	810	125	-77	1,385	185	58	-346	45	193	28	-156	13	-30	298	246	235	202	3	-19	3,706	-620
Net income attributable to Sonoco
80,445	44,899	92,064	81,159	73,663	77,678	72,415	89,412	74,055	5,675	72,812	43,125	53,733	104,873	65,395	56,252	59,914	56,063	43,914	64,379	85,780	49,023	67,056	59,419	50,418	47,171	59,527	54,988	48,139	42,072	58,836	51,323	43,068	29,515	77,203	53,408	57,391	34,509	59,019	58,953	48,572	47,671	33,610
Weighted average common shares outstanding:
Basic (in shares)
100,855	100,791	100,778	100,759	100,640	100,552	100,640	100,568	100,396	100,303	100,275	100,258	100,112	100,538	100,925	101,281	101,628	101,669	101,548	101,428	101,283	101,500	102,128	102,461	102,771	102,560	102,835	102,640	102,273	102,057	101,892	101,812	101,455	101,079	101,004	100,891	101,310	102,027	101,693	101,511	101,165	100,829	100,709
Diluted (in shares)
101,071	101,268	101,186	101,178	101,072	101,088	101,040	101,040	100,896	101,027	100,684	100,717	100,980	101,347	101,579	101,873	102,329	102,572	102,405	102,424	102,167	102,388	103,087	103,446	103,767	103,691	103,510	102,977	102,814	102,579	102,544	102,569	102,600	101,997	101,959	101,982	102,754	103,162	102,684	102,484	101,842	101,105	100,810
Per common share:
Net income attributable to Sonoco:
Basic (in usd per share)
0.80	0.45	0.91	0.81	0.73	0.77	0.72	0.89	0.74	0.05	0.73	0.43	0.54	1.03	0.65	0.56	0.59	0.55	0.43	0.63	0.85	0.48	0.66	0.58	0.49	0.46	0.58	0.54	0.47	0.42	0.58	0.50	0.42	0.29	0.76	0.53	0.57	0.34	0.58	0.58	0.48	0.47	0.33
Diluted (in usd per share)
0.80	0.44	0.91	0.80	0.73	0.77	0.72	0.88	0.73	0.06	0.72	0.43	0.53	1.03	0.64	0.55	0.59	0.54	0.43	0.63	0.84	0.48	0.65	0.57	0.49	0.45	0.58	0.53	0.47	0.41	0.57	0.50	0.42	0.29	0.76	0.52	0.56	0.33	0.57	0.58	0.48	0.47	0.33
Cash dividends (in usd per share)
-	-	-	-	-	-	-	-	-	-	0.39	0.39	0.37	-	0.37	0.37	0.35	0.35	0.35	0.35	0.32	0.32	0.32	0.32	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30	0.29	0.29	0.29	0.29	0.28	0.28	0.28	0.28	0.27	0.27	0.27