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Dresser-Rand Group Inc. (DRC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-15Dec-31-14Sep-30-14Jun-30-14Mar-31-14Dec-31-13Sep-30-13Jun-30-13
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Net sales of products  372.9 512.9448.8541.8 430.2590.2
Net sales of services  144.0 170.9179.6157.3 203.7215.1
    Total revenues  516.9800.4683.8628.4699.1827.0633.9805.3
            Total revenues growth  -26.1%-3.2%7.9%-22.0%-8.8%-2.1%6.6%26.7%
Cost of products sold, including $9.8 of inventory charges (Note 3)  294.8432.3390.6326.9429.7442.0303.7460.1
Cost of services sold  106.1147.5111.0123.0122.0152.7147.4147.0
    Total cost of sales  400.9 501.6449.9551.7 451.1607.1
    Gross profit  116.0220.6182.2178.5147.4232.3182.8198.2
            Gross margin  22.4%27.6%26.6%28.4%21.1%28.1%28.8%24.6%
Selling and administrative expenses  95.6100.292.0105.199.897.893.198.4
Research and development expenses  8.37.65.87.17.47.68.312.6
Restructuring charges (Note 3)  18.1       
Transaction-related expenses (Note 1)  1.6 10.5     
    (Loss) Income from operations  -7.6107.973.966.340.286.981.487.2
            Operating margin  -1.5%13.5%10.8%10.6%5.8%10.5%12.8%10.8%
Interest expense, net  -12.6 -13.0-12.6-13.0 -7.8-13.4
Other (expense) income, net  -9.2-1.0-17.7-3.83.3-4.5-8.12.0
    (Loss) income before income taxes  -29.462.043.249.930.566.065.575.8
(Benefit from) provision for income taxes  -5.414.311.921.113.935.515.521.4
            Tax rate  18.4%23.1%27.5%42.3%45.6%53.8%23.7%28.2%
    Net (loss) income  -24.0 31.328.816.6 50.054.4
Net loss (income) attributable to noncontrolling interest  0.3-1.5-0.50.3 2.3-0.6-1.1
    Net (loss) income attributable to Dresser-Rand  -23.746.030.829.116.629.649.453.3
   
Net (loss) income attributable to Dresser-Rand per share          
Basic  ($0.31)$0.60$0.40$0.38$0.22$0.43$0.65$0.70
Diluted  ($0.31)$0.60$0.40$0.38$0.22$0.42$0.64$0.69
   
Weighted-average shares outstanding - (in thousands )          
Basic  76.776.676.676.576.476.176.376.2
Diluted  76.777.277.377.177.076.876.976.7

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