SCHWEITZER-MAUDUIT INTERNATIONAL, INC. SWM Income Statement

Schweitzer-mauduit international, inc. (SWM)

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
Revenue from Contract with Customer, Excluding Assessed Tax
261,500	238,500	256,400	269,900	258,000	248,700	260,300	270,400	261,900	235,700	257,800	255,300	233,300	198,700	209,300	217,300	214,600	209,800	184,400	181,900	188,000	181,700	204,300	203,600	204,700	196,500	185,300	196,500	194,500	194,700	195,900	192,900	195,000	190,200	211,200	206,200	180,700	169,900	182,000	182,600	192,800
Cost of products sold
187,200	167,600	184,200	190,900	190,100	184,900	195,000	193,000	189,900	168,600	181,800	178,400	169,900	134,300	146,200	150,400	151,100	144,000	132,000	127,100	136,600	132,600	151,400	144,400	147,100	134,600	122,100	131,600	131,800	129,400	129,600	129,300	130,700	105,800	154,900	151,100	133,500	123,000	132,500	137,300	139,300
Gross profit
74,300	70,900	72,200	79,000	67,900	63,800	65,300	77,400	72,000	67,100	76,000	76,900	63,400	64,400	63,100	66,900	63,500	65,800	52,400	54,800	51,400	49,100	52,900	59,200	57,600	61,900	63,200	64,900	62,700	65,300	66,300	63,600	64,300	84,400	56,300	55,100	47,200	46,900	49,500	45,300	53,500
Selling expense
9,500	7,900	8,600	8,600	8,600	8,500	8,900	9,200	9,100	8,700	8,100	8,200	8,300	6,500	6,000	6,400	6,400	6,200	5,500	5,100	5,400	5,500	5,500	5,500	5,500	5,700	4,700	5,500	5,000	6,600	4,100	5,400	5,800	5,100	5,700	5,500	5,100	4,900	4,500	4,600	5,200
Research and development expense
3,200	3,400	3,100	3,700	3,300	3,400	3,600	4,100	4,100	4,900	3,900	4,600	4,400	4,600	4,200	4,400	4,300	3,500	3,500	3,700	3,300	3,800	3,600	4,200	4,100	4,200	3,600	3,700	3,800	2,700	2,400	2,600	2,200	2,500	2,300	2,400	2,000	2,300	2,100	2,100	2,000
General expense
27,400	33,100	24,300	22,100	25,600	24,800	21,300	21,400	23,400	28,500	23,200	22,200	22,000	21,600	20,800	17,700	19,400	27,300	10,300	16,800	16,200	16,000	15,300	15,800	14,800	14,300	12,500	12,900	10,600	17,100	12,400	12,700	12,400	15,200	14,600	14,900	12,700	11,200	11,500	10,700	11,700
Total nonmanufacturing expenses
40,100	-	-	-	37,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total nonmanufacturing expenses
-	-	36,000	34,400	-	36,700	33,800	34,700	36,600	42,100	35,200	35,000	34,700	32,700	31,000	28,500	30,100	37,000	19,300	25,600	24,900	25,300	24,400	25,500	24,400	24,200	20,800	22,100	19,400	26,400	18,900	20,700	20,400	22,800	22,600	22,800	19,800	18,400	18,100	17,400	18,900
Valuation Allowance On Business Tax Credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,900	-	-	-	0	-	-
Restructuring and impairment expense
100	1,700	1,600	400	0	300	400	600	400	3,900	1,500	1,600	1,100	21,600	1,300	900	1,800	4,100	1,300	5,200	4,000	6,500	3,300	3,200	100	38,400	600	700	1,600	-600	-2,000	5,300	18,700	5,700	6,600	700	1,000	4,400	700	2,900	3,600
Operating profit
34,100	24,800	34,600	44,200	30,400	26,800	31,100	42,100	35,000	21,100	39,300	40,300	27,600	10,100	30,800	37,500	31,600	24,700	31,800	24,000	22,500	17,300	25,200	30,500	33,100	-700	41,800	42,100	41,700	39,500	49,400	37,600	25,200	55,900	11,200	31,600	26,400	24,100	30,700	25,000	31,000
Interest expense
6,900	6,500	6,700	15,100	7,800	8,100	7,300	6,600	6,200	6,900	7,400	6,800	5,800	4,000	3,900	4,100	4,600	4,400	1,700	1,900	1,700	1,800	1,800	2,100	1,500	900	600	700	700	800	700	900	900	500	1,100	700	0	300	400	600	400
Other income (expense), net
600	600	1,700	-2,700	-600	-400	11,200	-500	-300	-500	3,300	-1,600	-1,100	-4,000	700	1,000	2,300	2,700	1,300	6,100	2,100	3,000	2,700	2,800	800	2,700	500	1,200	1,300	1,200	400	-700	300	-1,600	-1,100	-100	200	800	800	-200	-1,100
Income from continuing operations before income taxes and income from equity affiliates
27,800	18,900	29,600	26,400	22,000	18,300	35,000	35,000	28,500	13,700	35,200	31,900	20,700	2,100	27,600	34,400	29,300	23,000	31,400	28,200	22,900	18,500	26,100	31,200	32,400	1,100	41,700	42,600	42,300	39,900	49,100	36,000	24,600	53,800	9,000	30,800	26,600	24,600	31,100	24,200	29,500
Provision for income taxes
5,300	2,400	3,200	5,200	4,400	300	-5,600	8,700	7,300	43,100	9,500	9,900	7,100	-12,500	10,700	9,100	8,100	3,700	5,900	6,500	5,500	1,900	2,300	6,500	9,800	13,000	13,800	13,800	12,400	11,900	16,700	12,900	8,000	9,400	900	11,600	10,900	9,600	10,700	9,100	10,300
Loss from equity affiliates, net of income taxes
0	3,700	1,300	-700	-200	-10,800	300	-500	-300	2,100	0	300	100	2,400	1,800	700	-100	2,300	100	2,800	1,400	1,800	-700	300	600	700	1,700	600	800	1,800	1,300	400	500	1,300	1,400	1,100	900	1,100	800	700	600
Income from continuing operations
22,500	20,200	27,700	20,500	17,400	7,200	40,900	25,800	20,900	-27,300	25,700	22,300	13,700	17,000	18,700	26,000	21,100	21,600	25,600	24,500	18,800	18,400	23,100	25,000	23,200	-11,200	29,600	29,400	30,700	29,800	33,700	23,500	17,100	45,700	9,500	20,300	16,600	16,100	21,200	15,800	19,800
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	0	0	0	-	0	100	0	-400	0	100	0	0	0	0	0	0	100	200	-1,100	0	100	-100	0	0	1,500	-500	-2,800	-600	-13,300	-6,000	-2,500	-2,500	1,900	-500	-500	-400	-2,400	-3,000	-1,000	-1,200
Net Income (Loss) Attributable to Parent
22,500	20,200	27,700	20,500	17,400	7,200	41,000	25,800	20,500	-27,300	25,800	22,300	13,700	17,000	18,700	26,000	21,100	21,700	25,800	23,400	18,800	18,500	23,000	25,000	23,200	-9,700	29,100	26,600	30,100	16,500	27,700	21,000	14,600	47,600	9,000	19,800	16,200	13,700	18,200	14,800	18,600
Net income per share - basic:
Income per share from continuing operations (in dollars per share)
0.72	0.65	0.90	0.66	0.57	0.23	1.33	0.84	0.68	-0.90	0.84	0.73	0.45	0.55	0.62	0.85	0.69	0.71	0.84	0.80	0.62	0.61	0.76	0.82	0.75	-0.35	0.94	0.94	0.98	0.97	1.08	0.75	0.53	0.31	0.30	1.19	0.93	-1.11	1.16	0.85	1.11
Loss per share from discontinued operations (in dollars per share)
-	0.00	0.00	0.00	-	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	-0.04	0.00	0.00	0.00	0.00	0.00	0.04	-0.01	-0.09	-0.02	-0.44	-0.19	-0.08	-0.08	0.09	-0.01	-0.04	-0.02	-0.07	-0.16	-0.05	0.07
Net income per share - basic (in dollars per share)
0.72	0.65	0.90	0.66	0.57	0.23	1.33	0.84	0.67	-0.90	0.84	0.73	0.45	0.55	0.62	0.85	0.69	0.72	0.85	0.76	0.62	0.61	0.76	0.82	0.75	-0.31	0.93	0.85	0.96	0.53	0.89	0.67	0.45	0.40	0.29	1.15	0.91	-1.04	1.00	0.80	1.04
Net income per share – diluted:
Income per share from continuing operations (in dollars per share)
0.72	0.64	0.90	0.66	0.56	0.23	1.33	0.83	0.68	-0.89	0.84	0.72	0.45	0.55	0.61	0.85	0.69	0.71	0.84	0.80	0.61	0.61	0.76	0.81	0.75	-0.35	0.93	0.93	0.98	0.96	1.06	0.74	0.53	0.31	0.30	1.17	0.93	-1.09	1.14	0.83	1.09
Loss per share from discontinued operations (in dollars per share)
-	0.00	0.00	0.00	-	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	-0.04	0.00	0.00	0.00	0.00	0.00	0.05	-0.01	-0.09	-0.02	-0.43	-0.19	-0.08	-0.08	0.08	-0.01	-0.03	-0.02	-0.07	-0.16	-0.05	0.07
Net income per share - diluted (in dollars per share)
0.72	0.64	0.90	0.66	0.56	0.23	1.33	0.83	0.67	-0.89	0.84	0.72	0.45	0.55	0.61	0.85	0.69	0.72	0.85	0.76	0.61	0.61	0.76	0.81	0.75	-0.30	0.92	0.84	0.96	0.53	0.87	0.66	0.45	0.39	0.29	1.14	0.91	-1.02	0.98	0.78	1.02
Weighted average shares outstanding:
Cash Dividends Declared Per Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.15	0.15	0.15
Basic (in shares)
30,712	30,664	30,662	30,661	30,620	30,581	30,569	30,565	30,488	30,428	30,422	30,412	30,364	30,319	30,316	30,313	30,294	30,277	30,275	30,274	30,178	30,091	30,098	30,096	30,665	31,091	31,092	31,097	30,945	30,647	30,659	30,890	31,747	66,686	31,914	16,887	17,432	88,224	17,641	17,820	17,807
Diluted (in shares)
30,910	30,995	30,831	30,809	30,716	30,723	30,722	30,705	30,619	30,593	30,569	30,546	30,487	30,524	30,458	30,447	30,422	30,398	30,408	30,397	30,293	30,211	30,225	30,210	30,778	31,304	31,280	31,259	31,108	31,011	31,052	31,246	32,057	67,215	32,191	17,003	17,537	90,086	18,007	18,137	18,164