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Income Statement
Balance Sheet
Cash Flow Statement
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Common Size IS
Op Efficiency
Credit Analysis

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  3,321.03,161.03,381.01,460.31,323.8 1,754.91,537.0
    Other international      864.1 329.4304.8
    Canada  462.0372.0733.0279.0279.0 204.7175.6
    India  531.0441.0504.0178.5137.8 12.3 
    Other  3,508.03,582.03,582.02,445.71,277.0 1,006.71,027.1
Total revenues  7,822.07,556.08,200.04,363.53,881.7-1,082.73,308.03,044.5
            Revenue growth   [+]3.5%-7.9%87.9%12.4%-458.5%-132.7%8.7%18.6%
Cost of goods sold  5,453.05,419.05,922.03,129.62,816.4-2,006.92,260.22,108.5
Gross profit  2,369.02,137.02,278.01,233.91,065.3924.21,047.8936.0
            Gross margin  30.3%28.3%27.8%28.3%27.4%-85.4%31.7%30.7%
Selling, general and administrative  1,030.0948.01,167.0633.2512.5373.6347.4324.5
Research and development  176.0162.0210.087.595.271.471.261.9
Other operating expenses  287.0282.0238.039.836.522.721.722.4
EBITDA   [+]1,367.01,218.01,064.0582.7524.3526.4672.3588.4
            EBITDA margin  17.5%16.1%13.0%13.4%13.5%-48.6%20.3%19.3%
Depreciation  204.0191.0163.069.566.747.143.138.8
EBITA  1,163.01,027.0901.0513.2457.6479.3629.2549.6
            EBITA margin  14.9%13.6%11.0%11.8%11.8%-44.3%19.0%18.1%
Amortization of intangibles  287.0282.0238.039.836.522.721.722.4
EBIT   [+]876.0745.0663.0473.4421.1456.6607.6527.1
            EBIT margin  11.2%9.9%8.1%10.8%10.8%-42.2%18.4%17.3%
Interest expense  177.0199.0219.0112.277.930.219.418.4
Other income (expense), net  38.011.03.06.48.9-13.6-2.8-0.8
Pre-tax income  737.0557.0447.0367.6352.1412.8585.4507.9
Income taxes  172.0145.0120.075.989.899.4186.7156.2
            Tax rate  23.3%26.0%26.8%20.6%25.5%24.1%31.9%30.8%
Minority interest  7.0-2.0 -3.2 8.5  
Net income  558.0414.0327.0294.9262.3304.9398.6351.7
            Net margin  7.1%5.5%4.0%6.8%6.8%-28.2%12.1%11.6%
   
Basic EPS   [+]$2.97$2.18$1.92$3.07$2.75$3.37$4.15$3.67
Diluted EPS   [+]$2.97$2.17$1.84$3.06$2.73$3.35$4.11$3.63
   
Dividends per share   [+]$0.48$0.48$0.48$0.48$0.44$0.36$0.28$0.20
   
Shares outstanding (basic)   [+]187.7189.9170.596.095.590.496.195.8
Shares outstanding (diluted)   [+]188.1190.4177.396.596.191.197.096.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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