Winnebago industries, inc. (WGO)
Income statement / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10
Net revenues

626,810

588,458

530,396

528,940

432,690

493,648

536,188

562,261

468,359

450,021

454,937

476,364

370,510

245,308

263,254

272,077

225,672

214,223

251,049

266,510

234,543

224,403

245,935

247,747

228,811

222,670

214,246

218,199

177,166

193,554

162,533

155,709

131,600

131,837

130,546

135,568

106,593

123,711

Cost of goods sold

547,028

509,845

447,208

442,356

366,261

422,652

452,358

476,747

400,698

387,190

381,355

405,560

321,194

216,433

231,387

241,820

200,396

188,974

222,996

238,327

210,285

200,017

217,226

221,266

205,966

196,708

188,750

197,002

159,975

172,807

146,266

143,638

124,754

123,341

122,018

126,865

95,269

112,512

Gross profit

79,782

78,613

83,188

86,584

66,429

70,996

83,830

85,514

67,661

62,831

73,582

70,804

49,316

28,875

31,867

30,257

25,276

25,249

28,053

28,183

24,258

24,386

28,709

26,481

22,845

25,962

25,496

21,197

17,191

20,747

16,267

12,071

6,846

8,496

8,528

8,703

11,324

11,199

Selling, general, and administrative expenses

42,164

51,105

35,992

35,332

35,259

35,712

34,735

35,304

30,477

29,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling

-

-

-

-

-

-

-

-

-

-

-

10,141

9,553

5,870

5,109

4,770

4,929

5,015

4,458

5,150

4,846

4,707

4,584

4,887

4,489

4,333

4,669

4,857

3,831

4,961

4,352

4,331

3,992

4,162

4,122

3,608

3,254

3,267

General and administrative

-

-

-

-

-

-

-

-

-

-

-

15,194

12,540

9,906

9,465

6,487

8,437

8,820

10,757

6,453

7,464

5,237

5,847

6,005

4,949

5,623

5,495

6,092

4,488

5,812

5,329

4,213

4,018

3,707

2,640

3,952

4,020

3,651

Postretirement health care benefit income

-

-

-

-

-

-

-

-

-

-

0

0

11,983

12,813

1,593

1,593

1,593

1,345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction costs

-

-

-

-

-

-

-

-

-

-

-

450

463

5,462

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

7,974

3,614

2,431

2,278

2,267

2,659

3,407

1,933

1,933

2,055

2,083

10,159

10,367

2,051

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-462

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

629

0

0

0

0

-28

-50

0

0

0

-

-

0

644

Asset held for sale impairment and (gain), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

605

-

-

Total operating expenses

50,138

54,719

38,423

37,610

37,526

38,371

38,142

37,237

32,410

31,655

30,111

35,944

20,940

10,476

12,981

9,664

11,773

12,490

11,142

12,065

12,310

9,944

10,431

10,892

8,809

9,956

10,164

10,949

8,319

10,801

9,731

8,544

8,010

7,869

6,762

8,165

7,274

6,274

Operating income

29,644

23,894

44,765

48,974

28,903

32,625

45,688

48,277

35,251

31,176

43,471

34,860

28,376

18,399

18,886

20,593

13,503

12,759

16,911

16,118

11,948

14,442

18,278

15,589

14,036

16,006

15,332

10,248

8,872

9,946

6,536

3,527

-1,164

627

1,766

538

4,050

4,925

Interest expense

8,651

6,049

4,646

4,446

4,346

4,501

4,375

4,172

4,918

4,781

5,266

5,265

5,178

1,128

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-operating income

270

116

251

360

207

763

282

100

-11

123

193

54

-4

87

263

77

-18

135

80

0

28

7

16

735

-74

91

-43

144

-19

614

32

402

-110

257

108

76

322

152

Income before income taxes

21,263

17,961

40,370

44,888

24,764

28,887

41,595

44,205

30,322

26,518

38,398

29,649

23,194

17,358

19,149

20,670

13,485

12,894

16,991

16,118

11,976

14,449

18,294

16,324

13,962

16,097

15,289

10,392

8,853

10,560

6,568

3,929

-1,274

884

1,874

614

4,372

5,077

Provision for income taxes

3,995

3,893

8,502

8,717

3,166

6,726

11,805

11,684

8,234

8,560

13,475

10,258

7,916

5,620

6,003

6,232

4,131

4,336

5,274

4,616

3,880

4,554

5,365

4,939

4,369

4,951

4,673

2,731

2,568

3,169

-34,340

-12

-362

-151

-1,673

-581

1,057

1,291

Net income

17,268

14,068

31,868

36,171

21,598

22,161

29,790

32,521

22,088

17,958

24,923

19,391

15,278

11,738

13,146

14,438

9,354

8,558

11,717

11,502

8,096

9,895

12,929

11,385

9,593

11,146

10,616

7,661

6,285

7,391

40,908

3,941

-912

1,035

3,547

1,195

3,315

3,786

Income per common share:
Basic (in dollars per share)

0.51

0.44

1.02

1.15

0.68

0.70

0.94

1.03

0.70

0.57

0.82

0.61

0.48

0.42

0.48

0.54

0.35

0.32

0.43

0.43

0.30

0.37

0.47

0.42

0.35

0.40

0.39

0.27

0.22

0.26

1.40

0.13

-0.03

0.04

0.13

0.04

0.11

0.13

Diluted (in dollars per share)

0.51

0.44

1.00

1.14

0.68

0.70

0.94

1.02

0.69

0.57

0.81

0.61

0.48

0.42

0.48

0.53

0.35

0.32

0.42

0.43

0.30

0.37

0.47

0.42

0.35

0.40

0.38

0.27

0.22

0.26

1.40

0.13

-0.03

0.04

0.13

0.04

0.11

0.13

Weighted average common shares outstanding:
Basic (in shares)

33,614

32,067

31,507

31,493

31,577

31,567

31,534

31,582

31,654

31,614

31,592

31,587

31,577

27,836

26,896

26,892

26,936

26,976

26,939

26,932

26,924

26,969

27,065

27,209

27,595

27,851

27,928

27,987

28,084

28,301

29,066

29,225

29,151

29,138

29,130

29,124

29,118

29,112

Diluted (in shares)

33,918

32,267

31,702

31,644

31,724

31,814

31,877

31,753

31,854

31,772

31,718

31,691

31,686

27,969

27,046

27,004

27,015

27,067

27,078

27,030

27,018

27,078

27,166

27,319

27,724

27,971

28,041

28,087

28,191

28,361

29,105

29,263

29,248

29,212

29,205

29,152

29,120

29,115

Amortization of prior service credit (net of tax of $0, $0, and $15,409)

-

-

-

-

-

-

-

-

-

-

0

0

-12,177

-12,858

-1,243

-1,243

-1,242

-1,060

-5,953

903

822

800

-4,583

925

876

-800

-4,131

853

786

-734

-6,172

2,024

716

631

-

-

-

-

Dividends paid per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.10

0.10

0.10

0.10

0.10

0.10

0.10

-

0.09

0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss):
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

-8

-8

-8

-8

-8

-8

-7

-7

-7

-6

-3

-6

-4,764

-4,932

-259

-260

-260

-231

-1,586

249

220

199

-1,254

173

168

164

-2,270

503

250

253

-1,412

448

165

155

-

-

-

-

Interest rate swap activity (net of tax of $—, $206, $22, and $213)

0

-68

-397

-362

-634

-22

-99

129

1,283

634

-17

-58

-439

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Plan amendment (net of tax of $0, $0, $0 and $2,402)

-

-

-

-

-

-

-

-

-

-

-

0

0

3,903

-

0

0

17,701

-

0

944

0

-

0

2,234

-

-

0

2,676

-

-

0

4,598

-

-

-

-

-

Unrealized appreciation of investments (net of tax of $0, $0, $0 and $91)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

151

105

160

-55

-1

21

-351

94

-78

-

-

-

-

Total other comprehensive income (loss)

8

-60

-389

-354

-626

-14

-92

136

1,290

640

-71

-52

-7,852

-4,023

-1,658

-983

-982

16,872

447

-654

342

-601

-2,946

-752

1,526

-485

3,122

-190

2,085

-482

-4,892

-1,927

4,141

-554

-

-

-

-

Comprehensive income

17,276

14,008

31,479

35,817

20,972

22,147

29,698

32,657

23,378

18,598

24,852

19,339

7,426

7,715

11,488

13,455

8,372

25,430

12,164

10,848

8,438

9,294

9,983

10,633

11,119

10,661

13,738

7,471

8,370

6,909

36,016

2,014

3,229

481

-

-

-

-