TENNECO INC TEN Income Statement

Tenneco inc (TEN)

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
Revenues
Net sales and operating revenues
3,836	4,143	4,319	4,504	4,484	4,278	2,371	2,533	2,581	2,391	2,274	2,317	2,292	2,153	2,096	2,212	2,136	1,896	2,025	2,130	2,130	1,965	2,081	2,241	2,094	2,031	1,963	2,067	1,903	1,753	1,778	1,920	1,912	1,784	1,773	1,888	1,760	1,577	1,542	1,502	1,316
Costs and expenses
Cost of sales (exclusive of depreciation and amortization)
3,339	3,596	3,653	3,793	3,870	3,673	2,002	2,134	2,193	1,982	1,911	1,949	1,929	1,797	1,743	1,816	1,770	1,586	1,707	1,764	1,764	1,649	1,735	1,851	1,754	1,703	1,691	1,736	1,604	1,474	1,494	1,595	1,607	1,514	1,492	1,565	1,466	1,325	1,280	1,222	1,073
Selling, general, and administrative
249	283	249	288	318	309	138	154	151	112	127	252	141	124	109	134	147	127	113	121	121	140	108	139	132	116	112	106	119	106	94	109	118	100	101	118	109	110	109	98	100
Depreciation, Depletion and Amortization
171	170	165	169	169	165	60	60	60	61	58	55	52	54	53	52	54	48	53	51	51	53	52	52	51	54	51	50	50	57	49	50	49	51	51	54	51	53	55	53	55
Engineering, research, and development
77	76	78	78	92	82	39	39	40	43	40	36	39	36	41	37	39	35	35	38	38	43	42	42	42	41	35	33	35	32	28	28	38	31	32	35	35	27	30	33	27
Restructuring charges, net and asset impairments
484	6	43	61	16	60	16	29	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and intangible impairment charges
383	-	-	-	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
-	-	9	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	-	-	-	0	-	-
Costs and expenses
4,703	4,303	4,197	4,389	4,525	4,292	2,255	2,416	2,456	2,256	2,136	2,292	2,161	2,011	1,946	2,039	2,010	1,796	1,908	1,974	1,974	1,885	1,937	2,084	1,979	1,914	1,889	1,925	1,808	1,669	1,665	1,782	1,812	1,696	1,687	1,772	1,661	1,515	1,474	1,406	1,255
Other income (expense)
Loss on sale of receivables
-	-	-	-	-	-	-	-	-	-	2	-1	-1	-1	-2	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-2	-1	0	-1	-1	-1
Non-service pension and other postretirement benefit (costs) credits
-1	3	2	4	2	10	4	3	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings (losses) of nonconsolidated affiliates, net of tax
13	9	1	17	16	18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
8	10	27	13	3	-7	0	-3	0	6	2	3	-9	1	2	-1	-1	-17	0	0	0	-1	3	0	1	-2	1	0	1	-1	1	0	3	-1	1	1	4	2	0	2	-1
Total other expense (income)
22	16	26	26	17	-9	-4	-6	-3	-12	4	2	-10	-108	0	-2	-2	-18	-1	-1	-1	0	-4	-1	-2	1	-2	-1	-2	0	-2	-1	-4	0	-2	-3	-5	0	-1	-3	-2
Income (Loss) from Continuing Operations before Interest Expense, Interest Income, Income Taxes, Noncontrolling Interests, Net
-845	-144	148	141	-24	-23	112	111	122	131	134	27	121	34	150	171	124	82	116	155	155	80	140	156	113	118	72	141	93	84	111	137	96	88	84	113	94	62	67	93	59
Interest Expense
75	80	79	82	81	79	24	22	23	23	19	20	15	-8	24	34	18	17	16	17	17	33	20	19	19	20	20	20	20	21	21	21	42	27	27	26	28	49	36	32	32
Earnings (loss) before income taxes and noncontrolling interests
-920	-224	69	59	-105	-102	88	89	99	108	115	7	106	42	126	137	106	99	100	104	138	47	120	137	94	98	52	121	73	63	90	116	54	61	57	87	66	-	-	-	-
Income Tax Expense (Benefit)
-94	14	-9	14	0	-10	22	26	25	30	16	-8	33	-3	-70	39	34	18	34	47	47	14	31	46	40	33	30	47	12	22	-42	21	18	23	21	30	14	24	15	15	15
Net income (loss)
-826	-238	78	45	-105	-92	66	63	74	78	99	15	73	49	196	98	72	47	66	91	91	33	89	91	54	65	22	74	61	41	132	95	36	38	36	57	52	-11	16	46	12
Less: Net income (loss) attributable to noncontrolling interests
13	75	8	19	12	17	9	16	14	19	16	18	14	20	17	16	15	14	14	13	13	13	11	10	8	11	10	11	7	8	7	8	6	8	6	7	5	7	6	6	5
Net income (loss) attributable to Tenneco Inc.
-839	-313	70	26	-117	-109	57	47	60	59	83	-3	59	29	179	82	57	33	52	78	78	20	78	81	46	54	12	63	54	33	125	87	30	30	30	50	47	-18	10	40	7
Earnings (loss) per share
Earnings (loss) per share (in dollars per share)
-10.34	-3.87	0.87	0.32	-1.44	-2.27	1.11	0.92	1.17	1.13	1.57	-0.05	1.10	0.54	3.22	1.44	1.00	0.62	0.89	1.27	1.27	0.31	1.29	1.34	0.76	0.90	0.19	1.04	0.90	0.54	2.09	1.45	0.50	0.49	0.51	0.84	0.78	-0.31	0.17	0.68	0.11
Weighted average shares of common stock outstanding —
Weighted average shares outstanding (in shares)
81	80	80	80	80	80	51	51	51	51	52	53	53	54	55	56	57	57	59	60	60	60	60	60	60	60	60	60	60	59	59	59	60	59	59	59	59	59	59	59	58
Earnings (loss) per share (in dollars per share)
-10.34	-3.87	0.87	0.32	-1.44	-2.27	1.11	0.92	1.17	1.12	1.57	-0.05	1.09	0.54	3.19	1.43	0.99	0.61	0.88	1.26	1.26	0.30	1.27	1.32	0.75	0.88	0.19	1.02	0.88	0.54	2.05	1.42	0.49	0.50	0.49	0.81	0.75	-0.31	0.17	0.66	0.11
Weighted average shares outstanding (in shares)
81	80	80	80	80	80	51	51	51	51	52	53	54	54	56	57	57	58	60	61	61	62	61	61	61	61	61	61	61	60	60	61	61	60	61	62	62	61	61	60	60
Cash dividends declared (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-