Wesco Aircraft (WAIR) Annual Income Statement

Income Statement Summary

Wesco Aircraft Holdings (WAIR) annual income statement covering fiscal 2014 through 2019, as reported to the SEC.

Wesco Aircraft Holdings reported net sales of $1.7B in fiscal 2019, up 8% from $1.57B in fiscal 2018.
Gross Profit was $403.09M, down 0.02% from $403.16M. That is a gross margin of 23.8%.
Operating Income was $78.51M, down 28.3% from $109.47M. Operating margin was 4.6%.
Net Income was $21.37M, down 34.6% from $32.65M. Net margin was 1.3%.
Earnings Per Share, Diluted was $0.21, down 36.4% from $0.33.
Cost of sales took 76.2% of net sales and selling, general and administrative expenses 19.1%.

Net sales have grown 4.6% a year on average since fiscal 2014, from $1.36B to $1.7B.

An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.

Figures in USD thousands, except per share data

						Sep'19	Sep'18	Sep'17	Sep'16	Sep'15	Sep'14
Net sales
1,696,450	1,570,450	1,429,429	1,477,366	1,497,615	1,355,877	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net sales						1,696,450	1,570,450	1,429,429	1,477,366	1,497,615	1,355,877	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of sales
1,293,357	1,167,294	1,067,522	1,083,674	1,173,120	952,877	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of sales						1,293,357	1,167,294	1,067,522	1,083,674	1,173,120	952,877	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross Profit
403,093	403,156	361,907	393,692	324,495	403,000	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross Profit						403,093	403,156	361,907	393,692	324,495	403,000	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses
324,581	293,688	259,588	234,942	267,089	219,066	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses						324,581	293,688	259,588	234,942	267,089	219,066	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Goodwill impairment charge
-	-	311,100	-	263,771	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Goodwill impairment charge						-	-	311,100	-	263,771	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating Income (Loss)
78,512	109,468	-208,795	158,750	-206,365	183,934	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Operating Income (Loss)						78,512	109,468	-208,795	158,750	-206,365	183,934	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense, net
-51,023	-48,880	-39,821	-36,901	-37,092	-29,225	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense, net						-51,023	-48,880	-39,821	-36,901	-37,092	-29,225	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other (expense) income, net
-816	24	369	3,741	1,841	2,199	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other (expense) income, net						-816	24	369	3,741	1,841	2,199	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income (loss) before income taxes and equity method investment impairment charge
26,673	60,612	-248,247	125,590	-241,616	156,908	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income (loss) before income taxes and equity method investment impairment charge						26,673	60,612	-248,247	125,590	-241,616	156,908	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
(Provision) benefit for income taxes
2,338	27,958	-10,901	34,212	-86,872	54,806	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
(Provision) benefit for income taxes						2,338	27,958	-10,901	34,212	-86,872	54,806	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income (loss) before equity method investment impairment charge
24,335	32,654	-237,346	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income (loss) before equity method investment impairment charge						24,335	32,654	-237,346	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Equity method investment impairment charge
2,966	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Equity method investment impairment charge						2,966	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net Income (Loss) Available to Common Stockholders, Basic
21,369	32,654	-237,346	91,378	-154,744	102,102	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net Income (Loss) Available to Common Stockholders, Basic						21,369	32,654	-237,346	91,378	-154,744	102,102	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Change in net foreign currency translation adjustment
-2,137	-1,862	-7,138	-39,211	-25,322	-633	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Change in net foreign currency translation adjustment						-2,137	-1,862	-7,138	-39,211	-25,322	-633	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Change in net unrealized holding (loss) gain on derivatives
-5,501	3,937	2,073	-1,629	-2,577	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Change in net unrealized holding (loss) gain on derivatives						-5,501	3,937	2,073	-1,629	-2,577	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other comprehensive (loss) income, net of income taxes
-7,638	2,075	-5,065	-40,840	-27,899	-633	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other comprehensive (loss) income, net of income taxes						-7,638	2,075	-5,065	-40,840	-27,899	-633	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Comprehensive income (loss)
13,731	34,729	-242,411	50,538	-182,643	101,469	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Comprehensive income (loss)						13,731	34,729	-242,411	50,538	-182,643	101,469	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net income (loss) per share:
Earnings Per Share, Basic
0.21	0.33	-2.40	0.94	-1.60	1.06	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings Per Share, Basic						0.21	0.33	-2.40	0.94	-1.60	1.06	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings Per Share, Diluted
0.21	0.33	-2.40	0.93	-1.60	1.05	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings Per Share, Diluted						0.21	0.33	-2.40	0.93	-1.60	1.05	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average shares outstanding:
Basic (in shares)
99,607	99,156	98,700	97,634	96,955	95,950	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic (in shares)						99,607	99,156	98,700	97,634	96,955	95,950	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted (in shares)
100,239	99,500	98,700	98,165	96,955	97,605	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted (in shares)						100,239	99,500	98,700	98,165	96,955	97,605	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx