| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Revenues (Note 3) | |||||||||
1,571 | 1,382 | 1,319 | 1,796 | 1,838 | 1,966 | 1,925 | 2,053 | 1,721 | 1,444 |
Cost of sales | |||||||||
1,377 | 1,193 | 1,144 | 1,578 | 1,622 | 1,736 | 1,729 | 1,851 | 1,534 | 1,360 |
Gross profit | |||||||||
193 | 189 | 174 | 217 | 215 | 230 | 196 | 201 | 187 | 83 |
Selling, general, and administrative expenses | |||||||||
89 | 87 | 102 | 124 | 123 | 132 | 133 | 151 | 138 | 113 |
Amortization expense (Note 7) | |||||||||
0 | 0 | 0 | 0 | 1 | 2 | 4 | 4 | 3 | 2 |
Restructuring and asset impairment charges, net (Note 8) | |||||||||
3 | 9 | 20 | 7 | 11 | 21 | 10 | 2 | 14 | 13 |
Operating income | |||||||||
100 | 91 | 50 | 85 | 79 | 73 | 47 | 43 | 31 | -45 |
Interest expense | |||||||||
19 | 10 | 18 | 23 | 31 | 51 | 55 | 54 | 59 | 51 |
Interest income | |||||||||
1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net periodic benefit income / (expense) | |||||||||
2 | -2 | 6 | - | - | - | - | - | - | - |
Other expense | |||||||||
0 | 0 | 4 | - | -0 | -48 | 0 | 1 | 1 | -33 |
Income before provision for income taxes and income / (loss) from discontinued operations | |||||||||
78 | 83 | 22 | 61 | 48 | -25 | -6 | -11 | -28 | -62 |
Provision for income taxes (Note 12) | |||||||||
1 | 44 | 8 | -123 | 7 | 0 | 13 | 13 | 14 | -1 |
Equity in profit of joint venture, net of tax | |||||||||
- | - | - | - | - | -0 | 0 | 0 | - | - |
Income from continuing operations | |||||||||
77 | 39 | 13 | 185 | 41 | -26 | -20 | -25 | -42 | - |
Income / (loss) from discontinued operations, net of tax (Note 5) | |||||||||
-28 | 8 | 25 | 10 | -14 | 10 | 45 | 6 | 15 | - |
Net income | |||||||||
48 | 47 | 39 | 195 | 27 | -16 | 25 | -18 | -26 | -61 |
Less: Net income attributable to the noncontrolling interests | |||||||||
- | 0 | 0 | 1 | 5 | 4 | 6 | 5 | 8 | 8 |
Net income attributable to Tower International, Inc. | |||||||||
48 | 47 | 38 | 194 | 21 | -20 | 18 | -23 | -35 | -70 |
Less: Preferred unit dividends | |||||||||
- | - | - | - | - | - | - | - | 10 | - |
Income/(loss) available to common shareholders | |||||||||
- | - | - | - | - | - | - | - | -46 | - |
Weighted average basic shares outstanding | |||||||||
20 | 20 | 20 | 21 | 20 | 20 | 20 | 19 | 13 | 12 |
Weighted average diluted shares outstanding | |||||||||
20 | 20 | 21 | 21 | 21 | 20 | 20 | 19 | 13 | 12 |
Basic income / (loss) per share (Note 15): | |||||||||
Income per share from continuing operations | |||||||||
3.75 | 1.93 | 0.62 | 8.71 | 1.72 | -1.50 | -1.37 | -1.56 | -4.46 | - |
Income / (loss) per share from discontinued operations | |||||||||
-1.38 | 0.39 | 1.23 | 0.49 | -0.68 | 0.50 | 2.27 | 0.36 | 1.13 | - |
Income per share | |||||||||
2.37 | 2.32 | 1.85 | 9.20 | 1.04 | -0.99 | 0.90 | -1.20 | -3.33 | -5.67 |
Diluted income / (loss) per share (Note 15): | |||||||||
Income per share from continuing operations | |||||||||
3.67 | 1.90 | 0.61 | 8.58 | 1.67 | -1.50 | -1.37 | -1.56 | -4.46 | - |
Income / (loss) per share from discontinued operations | |||||||||
-1.34 | 0.39 | 1.21 | 0.48 | -0.66 | 0.50 | 2.27 | 0.36 | 1.13 | - |
Income per share | |||||||||
2.33 | 2.29 | 1.82 | 9.06 | 1.01 | -0.99 | 0.90 | -1.20 | -3.33 | -5.67 |
Dividends declared per share | |||||||||
- | - | - | 0.10 | - | - | - | - | - | - |