WD-40 COMPANY WDFC Income Statement

Wd-40 company (WDFC)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10
Net sales
100,049	98,556	106,744	113,989	101,335	101,282	102,640	107,025	101,256	97,597	96,561	98,178	96,519	89,248	97,152	96,446	94,550	92,522	91,981	92,485	97,331	96,353	97,622	95,650	94,184	95,541	93,469	93,103	86,712	95,264	84,851	87,022	85,966	84,945	90,740	85,536	79,206	80,927
Cost of products sold
46,447	45,013	48,476	51,906	45,177	45,451	45,990	48,367	45,498	43,400	42,465	43,891	42,057	38,208	41,364	41,635	42,188	41,114	42,009	43,213	46,098	46,652	46,139	46,511	45,626	45,868	43,943	45,319	42,586	47,537	42,932	43,940	43,823	43,607	47,035	43,397	38,160	39,705
Gross profit
53,602	53,543	58,268	62,083	56,158	55,831	56,650	58,658	55,758	54,197	54,096	54,287	54,462	51,040	55,788	54,811	52,362	51,408	49,972	49,272	51,233	49,701	51,483	49,139	48,558	49,673	49,526	47,784	44,126	47,727	41,919	43,082	42,143	41,338	43,705	42,139	41,046	41,222
Operating expenses:
Selling, general and administrative
29,906	32,599	28,668	31,956	30,591	32,731	29,658	30,082	30,437	31,217	28,169	27,558	29,842	28,991	32,012	29,215	28,692	27,848	27,449	26,640	27,360	27,424	28,340	26,887	26,651	26,699	29,431	25,662	23,956	25,329	21,638	22,736	21,907	22,637	21,445	22,588	21,629	21,649
Advertising and sales promotion
4,857	5,590	5,880	6,270	5,184	5,966	6,472	5,501	5,212	5,115	5,249	5,398	5,041	4,812	5,413	6,188	5,017	5,660	5,970	5,506	5,485	5,915	5,841	6,465	6,001	5,615	6,833	6,641	5,270	6,067	6,237	6,702	4,947	7,816	6,567	7,121	5,375	6,069
Amortization of definite-lived intangible assets
654	650	650	655	668	733	735	746	741	729	723	718	717	721	734	740	747	755	759	754	757	769	687	684	654	592	806	523	465	466	464	504	580	585	587	587	181	182
Total operating expenses
35,417	38,839	35,204	38,881	36,443	39,430	36,879	36,329	36,390	37,061	34,178	33,674	35,600	34,524	38,159	36,143	34,456	34,263	34,178	32,900	33,602	34,108	34,868	34,036	33,306	32,906	38,147	32,826	29,691	31,862	28,339	29,942	27,434	31,038	28,599	30,296	27,185	27,900
Income from operations
18,185	14,704	23,064	23,202	19,715	16,401	19,771	22,329	19,368	17,136	19,918	20,613	18,862	16,516	17,629	18,668	17,906	17,145	15,794	16,372	17,631	15,593	16,615	15,103	15,252	16,767	11,379	14,958	14,435	15,865	13,580	13,140	14,709	10,300	15,106	11,843	13,861	13,322
Other income (expense):
Interest income
28	25	32	27	45	51	83	107	131	133	116	112	133	147	166	186	183	148	159	113	178	134	171	136	158	131	144	105	195	62	79	61	69	52	61	59	53	55
Interest expense
593	442	579	567	685	710	1,171	1,205	1,002	841	760	693	598	531	481	433	417	372	293	343	275	294	293	268	226	215	210	182	176	125	245	159	83	242	258	277	219	322
Other (expense) income, net
-229	5	-54	-45	497	376	426	66	-281	128	260	254	9	264	1,991	-799	1,320	-51	126	-444	-1,443	102	82	-11	-229	-214	-76	-94	535	52	-6	-170	8	-180	50	119	-119	197
Income before income taxes
17,391	14,292	22,463	22,617	19,572	16,118	19,109	21,297	18,216	16,556	19,534	20,286	18,406	16,396	19,305	17,622	18,992	16,870	15,786	15,698	16,091	15,535	16,575	14,960	14,955	16,469	11,237	14,787	14,989	15,854	13,408	12,872	14,703	9,930	14,959	11,744	13,576	13,252
Provision for income taxes
3,064	2,098	13,879	4,478	3,666	2,839	-2,528	5,167	3,398	3,926	5,166	5,842	6,046	4,638	5,073	4,957	5,323	4,808	4,063	4,733	4,758	4,749	5,034	4,554	4,638	4,987	3,096	4,520	4,528	4,910	4,435	3,736	4,119	3,138	4,773	3,684	4,468	4,173
Net income
14,327	12,194	8,584	18,139	15,906	13,279	21,637	16,130	14,818	12,630	14,368	14,444	12,360	11,758	14,232	12,665	13,669	12,062	11,723	10,965	11,333	10,786	11,541	10,406	10,317	11,482	8,141	10,267	10,461	10,944	8,973	9,136	10,584	6,792	10,186	8,060	9,108	9,079
Earnings per common share:
Basic
1.04	0.88	0.63	1.30	1.15	0.95	1.55	1.15	1.05	0.90	1.02	1.02	0.87	0.82	0.99	0.88	0.95	0.83	0.80	0.75	0.77	0.73	0.78	0.69	0.67	0.75	0.53	0.66	0.67	0.69	0.57	0.57	0.66	0.42	0.61	0.48	0.53	0.54
Diluted
1.04	0.88	0.63	1.30	1.14	0.95	1.54	1.15	1.05	0.90	1.01	1.02	0.87	0.82	0.99	0.88	0.94	0.83	0.80	0.75	0.76	0.73	0.77	0.69	0.67	0.74	0.53	0.66	0.66	0.69	0.56	0.57	0.65	0.42	0.61	0.47	0.53	0.53
Shares used in per share calculations:
Basic
13,712	13,714	13,732	13,790	13,828	13,846	13,868	13,905	13,967	13,976	14,009	14,056	14,111	14,180	14,232	14,306	14,386	14,404	14,478	14,546	14,636	14,668	14,830	14,977	15,202	15,279	15,330	15,460	15,585	15,693	15,757	15,872	15,953	16,074	16,571	16,851	16,994	16,796
Diluted
13,737	13,746	13,761	13,820	13,857	13,882	13,905	13,937	13,995	14,011	14,040	14,088	14,143	14,221	14,277	14,349	14,429	14,461	14,540	14,615	14,703	14,738	14,903	15,051	15,272	15,366	15,429	15,561	15,679	15,807	15,902	16,008	16,069	16,205	16,738	17,027	17,172	16,991
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	-	0.49	0.49	0.42	-	0.42	0.42	0.38	-	0.38	0.38	0.34	-	0.34	0.34	0.31	-	0.31	0.31	0.29	-	0.29	0.29	0.27	-	0.27	0.27	0.27