WEST PHARMACEUTICAL SERVICES, INC. WST Income Statement

West pharmaceutical services, inc. (WST)

Income statement / TTM

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
1,887,900	1,839,900	1,791,800	1,767,400	1,745,200	1,717,400	1,710,500	1,677,000	1,627,100	1,599,100	1,565,800	1,544,300	1,534,700	1,509,100	1,486,500	1,454,300	1,426,000	1,399,800	1,389,900	1,401,300	1,410,500	1,421,400	1,414,300	1,400,200	1,375,800	1,368,400	1,347,200	1,309,200	1,289,500	1,266,400	1,240,300	1,230,100	1,213,200	1,192,300	1,173,700	1,151,500	1,125,400	1,104,700	1,086,800	1,076,400	0	0	0
Cost of goods and services sold
1,262,000	1,234,200	1,206,100	1,193,900	1,187,400	1,172,000	1,169,700	1,146,700	1,114,000	1,086,200	1,057,800	1,040,300	1,022,400	1,007,700	989,200	969,800	956,600	944,000	944,000	953,800	959,400	973,600	969,600	959,900	946,400	933,700	921,600	898,700	891,200	878,700	864,800	863,600	860,800	853,000	841,700	826,200	801,500	786,600	775,000	760,600	0	0	0
Gross profit
625,900	605,700	585,700	573,500	557,800	545,400	540,800	530,300	513,100	512,900	508,000	504,000	512,300	501,400	497,300	484,500	469,400	455,800	445,900	447,500	451,100	447,800	444,700	440,300	429,400	434,700	425,600	410,500	398,300	387,700	375,500	366,500	352,400	339,300	332,000	325,300	323,900	318,100	311,800	315,800	0	0	0
Research and development
39,800	38,900	38,500	39,300	40,500	40,300	40,200	39,200	38,400	39,100	39,000	38,900	37,700	36,800	37,200	36,700	36,000	34,100	31,900	33,000	34,800	37,300	39,200	39,200	38,800	37,900	36,700	35,300	34,000	33,200	31,900	31,400	30,500	29,100	28,800	27,000	25,400	23,900	22,100	20,900	0	0	0
Selling, general and administrative expenses
275,900	272,700	263,400	263,500	263,200	262,900	262,800	260,500	251,800	246,000	247,100	242,800	244,000	239,600	241,300	237,600	235,900	233,000	229,400	230,800	227,500	228,700	229,900	230,000	232,200	234,900	233,600	231,200	225,900	218,100	207,800	199,800	191,800	191,100	193,100	192,300	191,700	187,700	181,600	181,800	0	0	0
Other income (Note 15)
3,700	2,500	500	7,100	3,500	-1,900	-2,900	6,400	-4,200	-2,000	-3,800	-15,800	-4,900	-29,800	-31,100	-77,300	-86,700	-60,100	-56,600	-8,200	1,700	200	-1,300	-1,100	0	500	-3,300	-1,000	-1,300	-1,300	5,300	5,000	7,600	9,500	21,400	18,100	16,200	15,800	-2,500	-900	0	0	0
Operating profit
313,900	296,600	284,300	277,800	257,600	240,300	234,900	237,000	218,700	225,800	218,100	206,500	225,700	195,200	187,700	132,900	110,800	128,600	128,000	175,500	190,500	182,000	174,300	170,000	158,400	162,400	157,000	143,600	136,700	135,100	130,500	130,300	122,500	109,600	88,700	87,900	90,600	90,700	110,600	114,000	0	0	0
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-200	-200	-11,800	-11,600	-11,600	-11,600	0	-	0	0	-	-	-	-	-	-	-
Interest expense
8,200	8,500	8,700	8,600	8,800	8,400	8,200	7,600	7,600	7,800	7,100	7,900	7,700	8,100	9,600	11,100	12,500	14,100	15,000	15,800	16,600	16,500	16,600	16,500	16,400	17,000	16,500	16,500	17,000	16,700	17,700	17,800	17,800	18,200	18,500	18,200	17,500	16,800	15,900	15,200	0	0	0
Interest income
3,700	3,800	3,200	2,700	2,400	2,100	1,800	1,600	1,600	1,300	1,200	1,100	1,100	1,100	1,100	1,400	1,500	1,600	2,100	3,400	3,500	3,500	3,200	1,800	1,700	1,900	1,700	1,800	2,000	1,800	1,900	1,800	1,500	1,300	1,200	900	700	600	600	600	0	0	0
Other nonoperating expense (income)
800	-100	200	3,300	4,500	6,700	5,700	5,000	3,900	3,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
308,400	291,800	280,200	276,400	256,900	240,700	234,200	236,000	216,600	222,400	216,300	202,700	221,500	189,800	179,200	123,200	99,800	116,100	115,100	163,100	177,400	169,000	160,900	155,300	143,700	147,100	142,000	128,700	109,900	108,600	103,100	102,700	106,200	92,700	71,400	70,600	73,800	74,500	95,300	99,400	0	0	0
Income tax expense
57,900	59,000	57,400	54,500	45,000	41,400	88,300	94,300	91,200	80,900	35,200	35,600	49,700	54,400	49,500	28,500	20,700	26,300	26,800	45,100	49,900	47,200	46,200	45,100	41,400	40,200	36,900	35,300	31,500	32,700	30,800	28,400	27,200	23,500	14,300	12,200	13,500	13,600	23,300	24,900	0	0	0
Equity in net income of affiliated companies
10,100	8,900	7,000	6,800	6,800	7,600	9,000	9,000	8,000	9,200	8,800	9,400	10,600	8,200	8,100	7,000	5,700	5,800	5,300	5,100	5,400	5,300	4,600	4,900	5,400	5,400	4,700	4,400	4,800	4,800	6,200	6,300	6,100	6,300	5,500	5,100	4,800	4,400	4,500	3,900	0	0	0
Net income
260,600	241,700	229,800	228,700	218,700	206,900	154,900	150,700	133,400	150,700	189,900	176,500	182,400	143,600	137,800	101,700	84,800	95,600	93,600	123,100	132,900	127,100	119,300	115,100	107,700	112,300	109,800	97,800	83,200	80,700	78,500	80,600	85,100	75,500	62,600	63,500	65,100	65,300	76,500	78,400	0	0	0
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