Valmont industries, inc. (VMI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net sales

2,766

2,757

2,745

2,521

2,618

3,123

3,304

3,029

2,661

1,975

1,786

1,907

Total cost of sales

2,074

2,098

2,064

1,865

1,997

2,315

2,358

2,227

1,994

1,455

1,254

1,396

Gross profit

692

658

681

656

621

808

945

802

666

519

532

510

Selling, general and administrative expenses

454

440

414

410

447

450

472

420

403

341

294

281

Impairment of goodwill and intangible assets

0

15

0

0

41

0

0

-

-

-

-

-

Operating income

237

202

267

245

131

357

473

382

263

178

237

228

Other income (expenses):
Interest expense

40

44

44

44

44

36

32

31

36

30

15

18

Interest income

3

4

4

3

3

6

6

8

9

4

1

2

Gain (loss) on investments (unrealized)

5

-0

3

-

-

-

-

-

-

-

-

-

Costs associated with refinancing of debt

0

14

0

0

-

38

0

-

-

-

-

-

Gain (Loss) on Disposition of Business

0

-6

0

0

-

-

-

-

-

-

-

-

Other Nonoperating Income (Expense) excluding Sale of Business and Debt Costs

-

-

-

16

-

-

-

-

-

-

-

-

Other

2

2

-2

-

2

-4

2

0

-2

0

2

-7

Total other income (expenses)

-28

-58

-38

-24

-38

-73

-23

-23

-29

-25

-11

-23

Earnings before income taxes

209

143

228

220

93

284

449

359

233

152

226

205

Income tax expense:
Current

46

44

66

65

42

89

167

122

89

49

65

74

Deferred

3

-1

39

-23

4

5

-10

3

-84

5

7

-4

Total income tax expense (benefit)

50

43

106

42

47

94

157

126

4

55

72

70

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

100

-91

99

181

-

-

-

-

-

Earnings before equity in earnings of nonconsolidated subsidiaries

-

-

-

178

45

189

291

232

229

97

153

135

Income (Loss) from Equity Method Investments

-

-

-

0

-0

0

0

6

8

2

0

0

Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax

-

-

-

-

0

0

-12

-

-

-

-

-

Net earnings

159

100

122

178

45

189

280

238

237

100

153

136

Less: loss (earnings) attributable to noncontrolling interests

5

5

6

5

5

5

1

4

8

6

3

3

Net earnings attributable to Valmont Industries, Inc.

153

94

116

173

40

183

278

234

228

94

150

132

Earnings per share:
Basic (in dollars per share)

7.10

4.23

5.16

7.68

1.72

7.15

10.45

8.84

8.67

3.62

5.80

5.13

Diluted (in dollars per share)

7.06

4.20

5.11

7.63

1.71

7.09

10.35

8.75

8.60

3.57

5.73

5.04

Common Stock, Dividends, Per Share, Declared

-

-

-

-

1.50

1.37

0.97

0.85

0.70

0.64

0.58

0.49

Weighted Average Number of Shares Outstanding, Basic

-

-

-

22

23

25

26

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

22

23

25

26

-

-

-

-

-

Product sales
Net sales

2,434

2,437

2,447

2,255

2,338

2,824

2,976

2,721

2,353

1,737

1,665

1,771

Total cost of sales

1,853

1,887

1,860

1,682

1,804

2,118

2,144

2,032

1,788

1,290

1,177

1,314

Services sales
Net sales

332

319

298

265

280

298

327

308

308

237

120

135

Total cost of sales

220

210

204

183

193

196

214

195

205

165

77

82