Overview Financials News + Filings Key Docs Charts Ownership Insiders
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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1 |
Net sales | 4,575.0 | 4,339.0 | 3,976.0 | 3,778.0 | 3,580.0 | 3,353.2 | 2,978.3 |
Net sales growth | 5.4% | 9.1% | 5.2% | 5.5% | 6.8% | 12.6% | |
Cost of sales | 3,717.0 | 3,541.0 | 3,227.0 | 3,094.0 | 2,928.0 | | |
Gross profit | 858.0 | 798.0 | 749.0 | 684.0 | 652.0 | 619.9 | 530.0 |
Gross margin | 18.8% | 18.4% | 18.8% | 18.1% | 18.2% | | |
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Operating expenses: | | | | | | | |
Selling, general and administrative | 881.0 | 867.0 | 808.0 | 547.0 | 517.0 | 488.8 | 417.9 |
Operating income (loss) | -23.0 | -69.0 | -997.0 | 137.0 | 135.0 | 123.8 | 103.8 |
Operating margin | -0.5% | -1.6% | -25.1% | 3.6% | 3.8% | | |
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Other income (expense): | | | | | | | |
Interest expense, net | 32.0 | 46.0 | 54.0 | | | | |
Other, net | 1.0 | 91.0 | 22.0 | 8.0 | 1.0 | 3.0 | 4.7 |
Income (loss) before taxes | -54.0 | -24.0 | -1,029.0 | | | | |
Plus: Income tax (benefit) expense | | 7.0 | 46.0 | -37.0 | -48.0 | 27.9 | 24.3 |
Net income (loss) | -54.0 | -17.0 | -983.0 | 107.0 | 92.0 | | |
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Net (income) loss attributable to non-controlling interests | | | | | | | |
Net income (loss) attributable to Covetrus | -54.0 | -19.0 | -980.0 | 101.0 | 64.0 | 100.3 | |
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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 | |
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Weighted-average common shares outstanding: | | | | | | | |
Basic (in shares) | 137.0 | 118.0 | 107.0 | 71.0 | 71.0 | 71.5 | |
Diluted (in shares) | 137.0 | 118.0 | 107.0 | 72.0 | 72.0 | 72.0 | |
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