Tower International, Inc. TOWR Income Statement

Tower international, inc. (TOWR)

Income statement / TTM

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	Sep'10	Jun'10
Revenues (Note 3)
1,492,875	1,543,358	1,571,853	1,260,315	1,198,121	1,292,117	1,382,474	1,317,566	1,312,236	1,327,442	1,319,046	1,859,124	1,844,272	1,788,669	1,796,103	1,660,944	1,716,476	1,815,415	1,838,050	1,946,729	1,944,204	1,951,615	1,966,492	1,934,248	1,931,178	1,930,252	1,925,803	1,839,134	1,935,998	1,983,764	2,053,708	2,265,984	2,178,675	0	0	0
Cost of sales
1,324,741	1,360,877	1,377,955	1,085,979	1,027,370	1,111,070	1,193,311	1,147,443	1,139,917	1,154,099	1,144,914	1,632,410	1,624,593	1,570,198	1,578,231	1,450,642	1,506,438	1,603,962	1,622,298	1,723,840	1,718,277	1,718,570	1,736,176	1,734,752	1,734,329	1,732,407	1,729,521	1,644,941	1,735,477	1,795,007	1,851,878	2,033,181	1,949,990	0	0	0
Gross profit
168,134	182,481	193,898	174,336	170,751	181,047	189,163	170,123	172,319	173,343	174,132	226,714	219,679	218,471	217,872	210,302	210,038	211,453	215,752	222,889	225,927	233,045	230,316	199,496	196,849	197,845	196,282	194,193	200,521	188,757	201,830	232,803	228,685	0	0	0
Selling, general, and administrative expenses
86,025	91,368	89,527	76,083	75,796	81,876	87,756	93,832	95,388	98,431	102,058	127,882	127,528	125,779	124,459	116,342	119,696	121,001	123,574	134,503	131,570	133,539	132,804	130,169	131,133	130,104	133,185	133,611	143,463	150,282	151,553	157,320	147,154	0	0	0
Amortization expense (Note 7)
433	432	435	440	447	452	443	438	433	436	449	344	481	365	249	-128	-157	510	1,167	2,203	2,629	2,618	2,793	3,274	3,748	4,234	4,579	4,630	4,754	4,874	4,589	4,242	3,829	0	0	0
Restructuring and asset impairment charges, net (Note 8)
7,788	2,260	3,380	2,254	2,894	6,430	9,098	26,510	26,575	24,078	20,913	3,520	3,108	7,534	7,819	10,995	11,603	11,053	11,411	9,789	9,972	19,907	21,198	21,691	23,302	11,484	10,738	8,467	5,775	4,111	2,660	2,467	2,552	0	0	0
Operating income
73,888	88,421	100,556	95,559	91,614	92,289	91,866	49,343	49,923	50,398	50,712	94,968	88,562	84,793	85,345	83,093	78,896	78,889	79,600	76,394	81,756	76,981	73,521	44,362	38,666	52,023	47,780	47,485	46,529	29,490	43,028	68,774	75,150	0	0	0
Interest expense
21,549	20,820	19,856	18,580	18,205	15,105	10,882	8,025	7,950	11,130	18,259	24,061	24,686	23,579	23,847	27,220	28,322	31,779	31,097	28,860	30,945	45,145	51,405	58,317	62,437	54,855	55,191	49,905	53,396	55,502	54,256	66,200	63,214	0	0	0
Interest income
2,155	1,342	1,058	1,592	1,563	1,416	1,138	1,186	1,162	1,116	1,097	99	65	28	125	-150	-25	105	112	237	389	597	739	636	711	549	569	801	783	780	749	1,070	1,110	0	0	0
Net periodic benefit income (Note 13)
0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (Note 19)
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	-	-	0	-	575	-1,152	11,810	8,905	4,754	0	0	0	-	-	0	0	-87	-81,973	-89,463	-48,535	-48,448	33,438	40,928	0	-	0	0	-	1,331	0	0	0	-	-
Income before provision for income taxes and income / (loss) from discontinued operations
55,576	69,576	78,378	79,843	76,399	80,924	83,792	39,003	38,921	32,786	22,472	64,525	57,460	57,666	61,623	55,723	50,549	47,215	48,528	47,654	43,593	-16,102	-25,593	-61,737	-63,988	-2,283	-6,842	-1,750	-6,565	-25,713	-11,810	2,444	12,196	0	0	0
Provision for income taxes (Note 12)
-293	1,240	1,259	33,767	37,773	40,829	44,089	17,168	13,405	11,748	8,768	-115,580	-118,363	-122,427	-123,844	5,713	5,891	6,601	7,336	-1,250	-1,461	-478	178	4,596	6,220	15,100	13,752	19,276	18,776	8,822	13,293	7,993	9,674	0	0	0
Equity in profit of joint venture, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-811	-774	-717	-558	-373	-165	0	-	0	0	-	-	-	-	-	-	-
Income from continuing operations
55,869	68,336	77,119	46,076	38,626	40,095	39,703	21,835	25,516	21,038	13,704	180,011	175,729	179,999	185,467	50,730	45,133	40,867	41,192	0	0	0	-	-	-	-	-20,594	0	0	0	-	-	-	-	-	-
Income / (loss) from discontinued operations, net of tax (Note 5)
-45,902	-41,804	-28,219	12,313	12,114	7,527	8,032	47,140	46,803	27,271	25,576	-12,445	-9,566	10,055	10,324	-18,641	-17,014	-14,937	-14,105	0	0	0	-	-	-	-	45,602	0	0	0	-	-	-	-	-	-
Net income
9,967	26,532	48,900	58,389	50,740	47,622	47,735	68,975	72,319	48,309	39,280	167,566	166,163	190,054	195,791	32,089	28,119	25,930	27,087	65,664	56,978	-5,320	-16,064	-20,526	-27,124	27,482	25,008	-14,656	-16,040	-26,850	-18,155	-5,549	2,522	0	0	0
Less: Net income attributable to the noncontrolling interests
-	-	-	-	-	-	110	598	716	763	701	790	1,261	1,665	1,739	3,715	4,867	5,228	5,571	4,582	3,739	2,648	4,211	4,996	5,691	7,528	6,976	5,699	5,188	4,810	5,109	6,052	7,364	0	0	0
Net income attributable to Tower International, Inc.
-	-	-	58,389	-	-	47,625	68,377	71,603	47,546	38,579	166,776	164,902	188,389	194,052	28,374	23,252	20,702	21,516	61,082	53,239	-7,968	-20,275	-25,522	-32,815	19,954	18,032	-20,355	-21,228	-31,660	-23,264	-11,601	-4,842	0	0	0
Less: Preferred unit dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Income/(loss) available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Weighted average basic shares outstanding
20,689	20,632	20,607	20,605	20,597	20,556	20,538	20,522	20,508	20,425	20,336	20,830	21,164	21,126	21,111	21,107	21,104	21,050	20,751	20,733	20,651	20,513	20,474	20,449	20,362	20,261	20,250	20,246	20,134	19,691	19,691	19,562	19,101	19,101	12,467	12,467
Weighted average diluted shares outstanding
20,998	21,063	21,010	21,035	20,986	20,951	20,901	20,787	20,805	20,820	20,772	21,182	21,489	21,444	21,446	21,422	21,403	21,360	21,469	21,457	21,373	21,263	19,486	21,106	20,362	20,593	19,087	20,246	20,328	20,660	18,903	19,562	19,101	19,890	12,467	12,467
Basic income / (loss) per share (Note 15):
Income per share from continuing operations
0.28	0.37	1.01	1.05	0.89	0.80	-0.50	0.69	0.96	0.78	-1.36	0.85	0.72	0.41	6.52	0.62	0.90	0.67	0.03	0.30	0.70	0.69	-	-	-	-	-1.61	-0.05	0.30	-0.01	-	-	-	-	-	-
Income / (loss) per share from discontinued operations
0.00	-0.62	-1.66	0.04	0.20	0.04	0.31	0.03	-0.02	0.07	2.18	0.02	-0.95	-0.02	0.36	0.15	-0.02	0.00	-1.04	0.24	0.08	0.04	-	-	-	-	2.30	-0.15	0.08	0.04	-	-	-	-	-	-
Income per share
0.28	-0.25	-0.66	1.10	1.09	0.84	-0.20	0.73	0.94	0.85	0.81	0.87	-0.23	0.40	6.88	0.77	0.88	0.67	-1.00	0.54	0.78	0.72	0.94	0.16	-2.22	0.13	0.69	-0.20	0.38	0.03	-1.27	-0.25	-0.15	0.47	-1.21	-0.20
Diluted income / (loss) per share (Note 15):
Income per share from continuing operations
0.28	0.36	0.98	1.03	0.87	0.79	-0.50	0.68	0.95	0.77	-1.35	0.84	0.71	0.41	6.42	0.61	0.89	0.66	0.05	0.29	0.67	0.66	-	-	-	-	-1.61	-0.05	0.30	-0.01	-	-	-	-	-	-
Income / (loss) per share from discontinued operations
-0.01	-0.60	-1.62	0.04	0.20	0.04	0.32	0.03	-0.02	0.06	2.14	0.02	-0.93	-0.02	0.35	0.15	-0.02	0.00	-1.01	0.23	0.08	0.04	-	-	-	-	2.30	-0.15	0.08	0.04	-	-	-	-	-	-
Income per share
0.28	-0.24	-0.64	1.07	1.07	0.83	-0.18	0.72	0.92	0.83	0.80	0.86	-0.23	0.39	6.77	0.76	0.87	0.66	-0.96	0.52	0.75	0.70	0.95	0.16	-2.22	0.12	0.69	-0.20	0.38	0.03	-1.25	-0.25	-0.15	0.45	-1.21	-0.20
Dividends declared per share
-	-	-	0.12	-	-	-	0.11	0.11	0.11	-	0.10	0.10	0.10	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-