| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
3,106 | 2,702 | 2,700 | 3,079 | 3,154 | 2,989 | 2,464 | 1,402 | 1,417 | 1,105 | 831 | 927 |
Cost of sales | |||||||||||
1,763 | 1,582 | 1,579 | 1,790 | 1,905 | 1,839 | 1,449 | 688 | 674 | 550 | 437 | 526 |
Gross profit | |||||||||||
1,342 | 1,120 | 1,121 | 1,289 | 1,249 | 1,150 | 1,014 | 714 | 743 | 555 | 393 | 400 |
Selling and marketing expenses | |||||||||||
666 | 587 | 586 | 635 | 648 | 619 | 522 | 319 | 276 | 199 | 153 | 172 |
General, administrative and other expenses | |||||||||||
315 | 273 | 261 | 273 | 324 | 280 | 266 | 147 | 125 | 109 | 95 | 94 |
Customer-related charges | |||||||||||
29 | 21 | 14 | 0 | 0 | - | - | - | - | - | - | - |
Equity loss (income) in earnings of unconsolidated affiliates | |||||||||||
15 | 17 | 15 | 13 | 11 | 8 | 4 | 0 | 0 | - | - | - |
Royalty income, net of royalty expense | |||||||||||
0 | 0 | 20 | 19 | 18 | 18 | 13 | 0 | 0 | - | - | - |
Operating income | |||||||||||
346 | 256 | 295 | 413 | 306 | 276 | 243 | 248 | 340 | 245 | 144 | 133 |
Other expense, net: | |||||||||||
Interest expense, net | |||||||||||
85 | 92 | 87 | 82 | 102 | 91 | 110 | 18 | 11 | 14 | 17 | 25 |
Loss on extinguishment of debt | |||||||||||
- | - | - | -47 | 0 | 0 | - | - | - | - | - | - |
Loss on disposal, net | |||||||||||
- | - | - | - | - | -23 | 0 | 0 | - | - | - | - |
Other expense (income), net | |||||||||||
4 | 1 | 7 | 0 | -12 | 13 | -5 | -0 | -0 | -0 | 0 | -1 |
Total other expense, net | |||||||||||
-81 | -91 | -80 | -129 | -115 | -101 | -115 | -19 | -12 | -15 | -16 | -26 |
Income from continuing operations before income taxes | |||||||||||
265 | 165 | 215 | 283 | 191 | 174 | 128 | 229 | 328 | 230 | 128 | 107 |
Income tax provision | |||||||||||
74 | 49 | 43 | 86 | 125 | 64 | 49 | 122 | 108 | 73 | 43 | 48 |
Income from continuing operations | |||||||||||
190 | 115 | 171 | 197 | - | - | - | - | - | - | - | - |
Loss from discontinued operations, net of tax | |||||||||||
-1 | -17 | -30 | -12 | - | - | - | - | - | - | - | - |
Net income before non-controlling interests | |||||||||||
189 | 97 | 140 | 185 | 65 | 110 | 78 | 106 | 219 | 157 | 84 | 58 |
Less: Net loss attributable to non-controlling interests | |||||||||||
-0 | -2 | -10 | -5 | 1 | 1 | 0 | 0 | 0 | - | - | - |
Net income attributable to Tempur Sealy International, Inc. | |||||||||||
189 | 100 | 151 | 190 | 64 | 108 | 78 | 106 | 219 | - | - | - |
Earnings per common share: | |||||||||||
Basic | |||||||||||
Earnings per share for continuing operations (in dollars per share) | |||||||||||
3.50 | 2.17 | 3.37 | 3.44 | - | - | - | - | - | - | - | - |
Loss per share for discontinued operations (in dollars per share) | |||||||||||
-0.02 | -0.32 | -0.57 | -0.21 | - | - | - | - | - | - | - | - |
Earnings per share (in dollars per share) | |||||||||||
3.48 | 1.85 | 2.80 | 3.23 | 1.05 | 1.79 | 1.30 | 1.74 | 3.27 | 2.23 | 1.13 | 0.79 |
Diluted | |||||||||||
Earnings per share for continuing operations (in dollars per share) | |||||||||||
3.45 | 2.15 | 3.33 | 3.39 | - | - | - | - | - | - | - | - |
Loss per share for discontinued operations (in dollars per share) | |||||||||||
-0.03 | -0.33 | -0.56 | -0.20 | - | - | - | - | - | - | - | - |
Earnings per share (in dollars per share) | |||||||||||
3.42 | 1.82 | 2.77 | 3.19 | 1.03 | 1.75 | 1.28 | 1.70 | 3.18 | 2.16 | 1.12 | 0.79 |
Weighted average common shares outstanding: | |||||||||||
Cash dividend per common share (in dollars per share) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0.24 |
Basic (in shares) | |||||||||||
54 | 54 | 54 | 59 | 61 | 60 | 60 | 61 | 67 | 70 | 74 | 74 |
Diluted (in shares) | |||||||||||
55 | 55 | 54 | 59 | 62 | 62 | 61 | 62 | 69 | 72 | 76 | 74 |