Westinghouse air brake technologiescorp (WAB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net sales:
Total net sales

8,200

4,363

3,881

2,931

3,307

3,044

2,566

2,391

1,967

1,507

1,401

1,574

Cost of sales
Cost of sales:
Total cost of sales

5,922

3,129

2,816

2,006

2,260

2,108

1,802

1,696

1,397

1,057

1,008

1,147

Gross profit

2,278

1,233

1,065

924

1,047

935

764

694

570

449

393

427

Operating expenses:
Selling, general and administrative expenses

1,166

633

512

373

347

324

262

245

247

195

160

170

Engineering expenses

209

87

95

71

71

61

46

41

37

40

42

38

Amortization expense

238

39

36

22

21

22

17

15

14

10

9

5

Total operating expenses

1,614

760

644

467

440

408

326

302

299

246

213

214

Income from operations

663

473

421

456

607

527

437

392

270

202

180

212

Other income and expenses:
Interest expense, net

-219

-112

-77

-50

-16

-17

-15

-14

-15

-15

-16

-8

Other expense, net

2

6

8

6

-5

-1

-0

-0

-0

-0

0

0

Income from operations before income taxes

446

367

352

412

585

507

421

377

255

186

163

204

Income tax expense

120

75

89

99

186

156

128

125

85

63

48

73

Net income (loss)

326

291

262

313

398

351

-

-

-

-

-

-

Less: Net loss (gain) attributable to noncontrolling interest

-0

-3

0

8

0

0

-

-

-

-

-

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

130

Loss from discontinued operations (net of tax)

-

-

-

-

-

-

-

-

-

-

-

-0

Net income (loss) attributable to Wabtec shareholders

326

294

262

304

398

351

292

251

170

123

115

130

Earnings Per Common Share
Basic
Net income (loss) attributable to Wabtec shareholders (in dollars per share)

1.91

3.06

2.74

3.37

4.14

3.66

3.05

2.62

1.77

2.57

2.41

2.69

Diluted
Net income (loss) attributable to Wabtec shareholders (in dollars per share)

1.84

3.05

2.72

3.34

4.10

3.62

3.01

2.60

1.76

2.56

2.39

2.66

Weighted average shares outstanding
Basic (in shares)

170

96

95

90

96

95

95

95

95

47

47

48

Diluted (in shares)

177

96

96

91

97

96

96

96

96

48

47

48

Goods
Total net sales

6,907

4,178

3,685

-

-

-

-

-

-

-

-

-

Total cost of sales

5,128

2,973

2,667

-

-

-

-

-

-

-

-

-

Services
Total net sales

1,292

185

196

-

-

-

-

-

-

-

-

-

Total cost of sales

793

156

148

-

-

-

-

-

-

-

-

-