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COVETRUS, INC. (CVET)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-29-18Dec-30-17Dec-31-16Dec-26-15
   10-K10-K10-K10-K10-K10-KS-1
Net sales  4,575.04,339.03,976.03,778.03,580.03,353.22,978.3
            Net sales growth  5.4%9.1%5.2%5.5%6.8%12.6% 
Cost of sales  3,717.03,541.03,227.03,094.02,928.0  
    Gross profit  858.0798.0749.0684.0652.0619.9530.0
            Gross margin  18.8%18.4%18.8%18.1%18.2%  
   
Operating expenses:         
Selling, general and administrative  881.0867.0808.0547.0517.0488.8417.9
    Operating income (loss)  -23.0-69.0-997.0137.0135.0123.8103.8
            Operating margin  -0.5%-1.6%-25.1%3.6%3.8%  
   
Other income (expense):         
Interest expense, net  32.046.054.0    
Other, net  1.091.022.08.01.03.04.7
    Income (loss) before taxes  -54.0-24.0-1,029.0    
Plus: Income tax (benefit) expense   7.046.0-37.0-48.027.924.3
    Net income (loss)  -54.0-17.0-983.0107.092.0  
   
Net (income) loss attributable to non-controlling interests         
    Net income (loss) attributable to Covetrus  -54.0-19.0-980.0101.064.0100.3 
   
Earnings (loss) per share:         
Basic (in usd per share)  ($0.39)($0.22)($9.14)$1.41$0.90$0.98 
Diluted (in usd per share)  ($0.39)($0.22)($9.14)$1.40$0.89$0.98 
   
Weighted-average common shares outstanding:         
Basic (in shares)  137.0118.0107.071.071.071.5 
Diluted (in shares)  137.0118.0107.072.072.072.0 

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