Veritiv corporation (VRTV)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13
Net sales (including sales to related party of $5.6 and $6.4, respectively)

1,707

1,835

1,924

1,958

1,941

2,230

2,192

2,171

2,101

2,224

2,116

2,028

1,994

2,119

2,126

2,060

2,019

2,200

2,219

2,159

2,137

2,379

2,390

1,329

1,307

1,442

1,402

Cost of products sold (including purchases from related party of $18.8 and $24.8, respectively) (exclusive of depreciation and amortization shown separately below)

1,359

1,479

1,550

1,584

1,591

-

1,805

1,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products sold (including purchases from related party of $24.8 and $42.1, respectively) (exclusive of depreciation and amortization shown separately below)

-

-

-

-

-

1,831

-

-

1,729

-

1,736

1,660

1,629

1,740

1,743

1,687

1,654

1,804

1,825

1,768

1,761

1,988

1,987

1,116

1,088

1,214

1,172

Distribution expenses

123

121

124

132

130

150

135

132

133

136

132

122

126

129

126

121

127

131

129

129

130

138

138

72

77

75

77

Selling and administrative expenses

203

191

204

211

216

211

209

223

222

223

229

211

212

212

207

207

200

218

207

218

210

217

212

129

128

134

135

Depreciation and amortization

13

14

13

13

12

12

13

14

14

14

13

13

13

14

13

13

13

14

13

15

13

14

14

4

4

4

4

Integration expenses

0

4

4

4

4

7

7

8

8

8

14

7

6

6

7

6

6

6

8

10

10

18

54

2

0

0

-

Restructuring charges, net

0

11

7

6

2

-7

5

11

11

-13

2

23

4

5

5

-0

1

2

3

2

3

5

0

-0

-0

6

17

Operating income (loss)

6

11

19

5

-15

25

15

-6

-18

35

-11

-9

3

11

23

24

15

23

32

15

7

-3

-17

4

8

8

-4

Interest expense, net

7

7

8

10

11

11

11

10

9

9

8

7

6

6

8

6

6

7

7

6

6

7

6

0

0

0

-

Other (income) expense, net

0

-0

2

-7

-6

2

0

2

10

10

1

0

-0

0

-1

-3

-1

-3

-1

1

-3

-1

-0

0

0

0

0

Income (loss) before income taxes

0

3

12

-11

-33

15

4

-13

-17

36

-18

-16

-3

5

13

14

7

12

23

10

-2

-11

-24

5

9

9

-3

Income tax expense (benefit)

0

0

7

-0

-6

6

3

-2

-1

24

-4

-7

-1

1

8

6

4

2

8

6

0

2

-10

2

3

3

-1

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

-14

2

5

5

-2

(Loss) from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-0

-0

-0

Net income (loss)

-0

3

5

-11

-26

9

1

-10

-15

12

-14

-9

-2

4

5

7

3

10

14

4

-2

-14

-14

2

5

5

-2

Earnings (loss) per share:
Basic
Basic earnings (loss) per share (in dollars per share)

-

-

0.32

-

-

0.59

0.09

-

-

-

-0.91

-

-

-

0.35

-

-

-

0.91

-

-

-

-

-

-

-

-

Diluted
Diluted earnings (loss) per share (in dollars per share)

-

-

0.31

-

-

0.57

0.09

-

-

-

-0.91

-

-

-

0.34

-

-

-

0.91

-

-

-

-

-

-

-

-

Earnings (loss) per share: Basic and Diluted
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.88

0.36

0.69

0.64

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-0.01

-0.01

-

Basic and diluted earnings (loss) per share (in dollars per share)

-0.02

-

-

-0.70

-1.68

-

-

-0.67

-1.00

-

-

-0.58

-0.14

-

-

0.49

0.21

-

-

0.27

-0.14

-

-0.88

0.36

0.68

0.63

-

Weighted-average shares outstanding:
Basic and diluted (in shares)

16

-

-

16

15

-

-

15

15

-

-

15

15

-

16

16

16

-

-

16

16

-

16

8

8

8

-

Weighted-average shares outstanding, basic (in shares)

-

-

16

-

-

15

15

-

-

-

15

-

-

-

-

-

-

-

16

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

16

-

-

16

16

-

-

-

15

-

-

-

16

-

-

-

16

-

-

-

-

-

-

-

-

Other comprehensive income, net of tax:
Change in cumulative foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

Total comprehensive income (loss), net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3