Whirlpool corp /de/ (WHR)
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'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Net sales

4,325

5,382

5,091

5,186

4,760

5,660

5,326

5,140

4,911

5,702

5,418

5,347

4,786

5,656

5,248

5,198

4,616

5,560

5,277

5,208

4,846

6,003

4,824

4,682

4,363

5,090

4,683

4,748

4,248

4,791

4,494

4,510

4,348

4,910

4,625

4,730

4,401

5,041

4,519

4,534

4,272

4,497

4,169

Expenses
Cost of products sold

3,625

4,334

4,350

4,254

3,948

4,710

4,431

4,260

4,099

4,717

4,503

4,471

3,960

4,696

4,308

4,229

3,793

4,588

4,347

4,303

3,993

4,977

3,997

3,895

3,608

4,181

3,837

3,931

3,522

3,979

3,791

3,782

3,698

4,198

4,052

4,061

3,778

4,375

3,871

3,773

3,633

3,877

3,615

Gross margin

700

1,048

741

932

812

950

895

880

812

985

915

876

826

960

940

969

823

972

930

905

853

1,026

827

787

755

909

846

817

726

812

703

728

650

712

573

669

623

666

648

761

639

-

-

Selling, general and administrative

420

562

491

584

505

593

550

541

505

566

521

526

499

545

519

543

473

560

529

556

498

694

448

457

439

494

460

453

421

485

420

447

405

422

394

425

380

441

391

401

371

400

390

Intangible amortization

15

16

17

18

18

17

18

20

20

27

18

17

17

17

18

18

18

19

18

18

19

16

6

5

6

6

5

5

9

7

8

8

7

7

7

7

7

7

7

7

7

7

7

Restructuring costs

5

46

56

60

26

31

28

44

144

125

45

59

46

57

29

40

47

56

54

58

33

35

38

34

29

55

68

31

42

62

62

79

34

78

36

14

8

16

16

22

20

24

23

Impairment of goodwill and other intangibles

-

-

0

0

-

-

0

747

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale and disposal of businesses

-

-

516

-79

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating profit

260

424

693

191

263

309

299

-472

143

267

331

274

264

341

374

368

285

337

329

273

303

281

335

291

281

354

313

328

254

258

213

194

204

205

136

223

228

202

234

331

241

189

134

Other (income) expense
Interest and sundry (income) expense

1

-54

29

63

130

-2

-24

-90

8

-18

-21

-23

-25

10

-30

-41

-32

-14

-21

42

-53

-64

-39

-16

-23

-82

-16

-39

-18

-35

-38

-22

-17

-22

-27

-538

-20

-12

-104

-69

-12

-51

-12

Interest expense

42

39

45

52

51

51

52

47

42

40

42

39

41

43

39

41

38

41

41

40

43

46

35

40

44

44

43

44

46

49

48

48

54

53

51

55

54

58

54

55

58

58

58

Earnings before income taxes

219

331

677

202

342

256

223

-609

109

209

268

212

198

308

305

286

215

282

267

275

207

171

261

235

214

228

254

245

190

174

127

124

133

130

58

-370

154

132

76

207

171

80

64

Income tax expense (benefit)

72

43

313

130

-132

86

7

30

15

481

-4

33

40

122

61

-56

59

93

17

90

9

63

26

50

50

41

55

39

-67

46

47

4

36

-83

-123

-206

-24

-46

-7

-8

-3

-13

-22

Earnings before equity earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

215

174

-

-

Equity in loss of affiliated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Net earnings

147

288

364

72

474

170

216

-639

94

-272

272

179

158

186

244

342

156

189

250

185

198

108

235

185

164

187

199

206

257

128

80

120

97

213

181

-164

178

178

83

215

174

93

86

Less: Net earnings (loss) available to noncontrolling interests

-5

0

6

5

3

0

6

18

0

-4

-4

-10

5

6

6

22

6

9

15

8

7

27

5

6

4

6

3

8

5

6

6

7

5

8

4

-3

9

7

4

10

10

6

8

Net earnings available to Whirlpool

152

288

358

67

471

170

210

-657

94

-268

276

189

153

180

238

320

150

180

235

177

191

81

230

179

160

181

196

198

252

122

74

113

92

205

177

-161

169

171

79

205

164

87

78

Per share of common stock
Basic net earnings (loss) available to Whirlpool (USD per share)

2.42

4.58

5.62

1.04

7.36

2.66

3.25

-9.50

1.31

-3.60

3.78

2.55

2.05

2.39

3.14

4.20

1.94

2.31

2.98

2.24

2.42

1.03

2.92

2.29

2.06

2.30

2.46

2.48

3.18

1.55

0.95

1.45

1.19

2.65

2.31

-2.10

2.21

2.22

1.04

2.69

2.17

1.17

1.05

Diluted net earnings (loss) available to Whirlpool (USD per share)

2.41

4.53

5.57

1.04

7.31

2.64

3.22

-9.50

1.30

-3.55

3.72

2.52

2.01

2.33

3.10

4.15

1.92

2.29

2.95

2.21

2.38

1.02

2.88

2.25

2.02

2.26

2.42

2.44

3.12

1.52

0.94

1.43

1.17

2.65

2.27

-2.10

2.17

2.18

1.02

2.64

2.13

1.15

1.04

Dividends declared (USD per share)

1.20

-

1.20

1.20

1.15

-

1.15

1.15

1.10

-

1.10

1.10

1.00

-

1.00

1.00

0.90

-

0.90

0.90

0.75

-

0.75

0.75

0.62

-

0.62

0.62

0.50

-

0.50

0.50

0.50

-

0.50

0.50

0.43

0.43

0.43

0.43

0.43

0.43

0.43

Weighted-average shares outstanding (in millions)
Basic (in shares)

62

63

63

63

64

64

64

69

71

71

72

74

74

75

75

76

77

78

78

79

78

78

78

78

78

78

79

79

79

78

78

78

77

76

76

76

76

152

76

0

75

74

74

Diluted (in shares)

63

63

64

64

64

62

65

69

72

72

74

75

76

76

76

77

78

79

79

80

80

79

79

79

79

80

81

81

80

80

79

78

78

79

78

76

77

155

77

0

76

75

75

Comprehensive income

52

-

419

16

567

-

130

-802

99

-

286

170

238

-

289

299

312

-

45

222

-13

-

39

184

206

-

271

115

226

-

135

-127

194

-

-129

-46

270

-

-

-

-

-

-