WEST PHARMACEUTICAL SERVICES, INC. WST Income Statement

West pharmaceutical services, inc. (WST)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales
491,500	470,600	456,100	469,700	443,500	422,500	431,700	447,500	415,700	415,600	398,200	397,600	387,700	382,300	376,700	388,000	362,100	359,700	344,500	359,700	335,900	349,800	355,900	368,900	346,800	342,700	341,800	344,500	339,400	321,500	303,800	324,800	316,300	295,400	293,600	307,900	295,400	276,800	271,400	281,800	274,700	258,900	261,000
Cost of goods and services sold
324,500	317,400	308,300	311,800	296,700	289,300	296,100	305,300	281,300	287,000	273,100	272,600	253,500	258,600	255,600	254,700	238,800	240,100	236,200	241,500	226,200	240,100	246,000	247,100	240,400	236,100	236,300	233,600	227,700	224,000	213,400	226,100	215,200	210,100	212,200	223,300	207,400	198,800	196,700	198,600	192,500	187,200	182,300
Gross profit
167,000	153,200	147,800	157,900	146,800	133,200	135,600	142,200	134,400	128,600	125,100	125,000	134,200	123,700	121,100	133,300	123,300	119,600	108,300	118,200	109,700	109,700	109,900	121,800	106,400	106,600	105,500	110,900	111,700	97,500	90,400	98,700	101,100	85,300	81,400	84,600	88,000	78,000	74,700	83,200	82,200	71,700	78,700
Research and development
10,700	10,200	9,300	9,600	9,800	9,800	10,100	10,800	9,600	9,700	9,100	10,000	10,300	9,600	9,000	8,800	9,400	10,000	8,500	8,100	7,500	7,800	9,600	9,900	10,000	9,700	9,600	9,500	9,100	8,500	8,200	8,200	8,300	7,200	7,700	7,300	6,900	6,900	5,900	5,700	5,400	5,100	4,700
Selling, general and administrative expenses
71,800	69,000	64,800	70,300	68,600	59,700	64,900	70,000	68,300	59,600	62,600	61,300	62,500	60,700	58,300	62,500	58,100	62,400	54,600	60,800	55,200	58,800	56,000	57,500	56,400	60,000	56,100	59,700	59,100	58,700	53,700	54,400	51,300	48,400	45,700	46,400	50,600	50,400	44,900	45,800	46,600	44,300	45,100
Other income (Note 15)
3,500	4,100	-6,400	2,500	2,300	2,100	200	-1,100	-3,100	1,100	9,500	-11,700	-900	-700	-2,500	-800	-25,800	-2,000	-48,700	-10,200	800	1,500	-300	-300	-700	0	-100	800	-200	-3,800	2,200	500	-200	2,800	1,900	3,100	1,700	14,700	-1,400	1,200	1,300	-3,600	200
Operating profit
88,000	78,100	67,300	80,500	70,700	65,800	60,800	60,300	53,400	60,400	62,900	42,000	60,500	52,700	51,300	61,200	30,000	45,200	-3,500	39,100	47,800	44,600	44,000	54,100	39,300	36,900	39,700	42,500	43,300	31,500	26,300	35,600	41,700	26,900	26,100	27,800	28,800	6,000	25,300	30,500	28,900	25,900	28,700
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-200	0	0	-11,600	0	-	0	0	-	-	-	-	-	-	-
Interest expense
2,000	2,100	2,100	2,000	2,300	2,300	2,000	2,200	1,900	2,100	1,400	2,200	2,100	1,400	2,200	2,000	2,500	2,900	3,700	3,400	4,100	3,800	4,500	4,200	4,000	3,900	4,400	4,100	4,600	3,400	4,400	4,600	4,300	4,400	4,500	4,600	4,700	4,700	4,200	3,900	4,000	3,800	3,500
Interest income
800	1,300	1,000	600	900	700	500	300	600	400	300	300	300	300	200	300	300	300	500	400	400	800	1,800	500	400	500	400	400	600	300	500	600	400	400	400	300	200	300	100	100	100	300	100
Other nonoperating expense (income)
300	1,300	-1,300	500	-600	1,600	1,800	1,700	1,600	600	1,100	600	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
86,500	77,400	64,900	79,600	69,900	65,800	61,100	60,100	53,700	59,300	62,900	40,700	59,500	53,200	49,300	59,500	27,800	42,600	-6,700	36,100	44,100	41,600	41,300	50,400	35,700	33,500	35,700	38,800	39,100	28,400	22,400	20,000	37,800	22,900	22,000	23,500	24,300	1,600	21,200	26,700	25,000	22,400	25,300
Income tax expense
15,000	16,500	10,900	15,500	16,100	14,900	8,000	6,000	12,500	61,800	14,000	2,900	2,200	16,100	14,400	17,000	6,900	11,200	-6,600	9,200	12,500	11,700	11,700	14,000	9,800	10,700	10,600	10,300	8,600	7,400	9,000	6,500	9,800	5,500	6,600	5,300	6,100	-3,700	4,500	6,600	6,200	6,000	6,100
Equity in net income of affiliated companies
2,800	3,000	2,300	2,000	1,600	1,100	2,100	2,000	2,400	2,500	2,100	1,000	3,600	2,100	2,700	2,200	1,200	2,000	1,600	900	1,300	1,500	1,400	1,200	1,200	800	1,700	1,700	1,200	100	1,400	2,100	1,200	1,500	1,500	1,900	1,400	700	1,100	1,600	1,000	800	500
Net income
74,300	63,900	56,300	66,100	55,400	52,000	55,200	56,100	43,600	0	51,000	38,800	60,900	39,200	37,600	44,700	22,100	33,400	1,500	27,800	32,900	31,400	31,000	37,600	27,100	23,600	26,800	30,200	31,700	21,100	14,800	15,600	29,200	18,900	16,900	20,100	19,600	6,000	17,800	21,700	19,800	17,200	19,700
Net income per share:
Basic (in dollars per share)
1.01	0.86	0.76	0.90	0.75	0.70	0.75	0.76	0.59	-0.01	0.69	0.53	0.83	0.53	0.51	0.61	0.31	0.46	0.02	0.39	0.46	0.44	0.44	0.53	0.38	0.33	0.38	0.44	0.46	-0.35	0.22	0.46	0.86	-0.57	0.50	0.60	0.59	0.18	0.53	0.65	0.60	0.52	0.60
Diluted (in dollars per share)
0.99	0.85	0.75	0.88	0.73	0.68	0.73	0.75	0.58	0.00	0.67	0.51	0.81	0.51	0.50	0.60	0.30	0.45	0.02	0.38	0.45	0.42	0.43	0.52	0.38	0.32	0.37	0.43	0.45	-0.32	0.21	0.45	0.81	-0.54	0.49	0.57	0.56	0.19	0.51	0.62	0.57	0.50	0.57
Weighted average shares outstanding:
Basic (in shares)
73,900	74,200	74,000	73,700	74,100	74,200	73,900	73,600	73,900	74,200	74,200	73,900	73,300	74,100	73,300	73,300	72,500	72,100	72,200	72,000	71,700	71,200	71,000	70,800	70,600	70,100	69,800	69,500	69,000	136,200	68,300	34,000	33,900	168,400	33,800	33,600	33,400	33,400	33,400	33,300	33,100	32,900	32,800
Diluted (in shares)
75,500	75,700	75,500	75,100	75,300	75,400	75,700	75,000	75,500	76,600	75,900	75,800	74,900	76,100	75,000	74,800	74,100	74,300	73,900	73,700	73,300	73,900	72,600	72,400	72,300	73,100	71,400	70,800	70,300	144,100	69,400	36,600	37,100	185,200	37,000	37,000	36,800	36,900	36,700	36,700	36,500	36,400	36,200
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.14	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.10	0.11	0.10	0.10	0.09	0.10	0.10	0.10	0.01	0.00	0.18	0.18	0.01	0.00	0.17	0.17	0.34	0.00	0.16	0.16	-	0.15