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Dresser-Rand Group Inc. (DRC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07
   10-K10-K10-K10-K10-K10-K10-K10-K
Net sales of products  2,093.02,219.81,925.11,639.81,483.51,840.81,805.1 
Net sales of services  718.7812.8811.3671.8470.1448.8389.6 
    Total revenues  2,811.73,032.62,736.42,311.61,953.62,289.62,194.71,665.0
            Total revenues growth  -7.3%10.8%18.4%18.3%-14.7%4.3%31.8%10.9%
Cost of products sold, including $9.8 of inventory charges (Note 3)  1,579.51,664.01,429.11,190.11,029.71,324.41,307.2989.5
Cost of services sold  503.5583.3575.2477.8337.0307.7268.9226.6
    Total cost of sales  2,083.02,247.32,004.31,667.91,366.71,632.11,576.1 
    Gross profit  728.7785.3732.1643.7586.9657.5618.6448.9
            Gross margin  25.9%25.9%26.8%27.8%30.0%28.7%28.2%27.0%
Selling and administrative expenses  397.1385.5365.8357.4300.5287.3273.8239.0
Research and development expenses  27.938.830.427.623.920.312.712.8
Restructuring charges (Note 3)          
Transaction-related expenses (Note 1)  15.4       
    (Loss) Income from operations  288.3321.0335.9258.7262.5348.6337.5197.1
            Operating margin  10.3%10.6%12.3%11.2%13.4%15.2%15.4%11.8%
Interest expense, net  -52.0-46.9-60.2-61.7-33.0-31.8-29.4 
Other (expense) income, net  -1.0-4.5-3.2-1.8-0.4-0.1-6.87.3
    (Loss) income before income taxes  185.6257.5275.7183.9215.7311.9301.3167.6
(Benefit from) provision for income taxes  61.288.292.862.969.0101.1103.660.9
            Tax rate  33.0%34.3%33.7%34.2%32.0%32.4%34.4%36.3%
    Net (loss) income  124.4169.3182.9121.0146.7210.8  
Net loss (income) attributable to noncontrolling interest  -1.7-0.9-3.9-0.2    
    Net (loss) income attributable to Dresser-Rand  122.7168.4179.0120.8146.7210.8197.7106.7
   
Net (loss) income attributable to Dresser-Rand per share          
Basic  $1.60$2.21$2.37$1.56$1.81$2.58$2.36$1.25
Diluted  $1.59$2.19$2.35$1.54$1.80$2.57$2.36$1.25
   
Weighted-average shares outstanding - (in thousands )          
Basic  76.676.175.577.581.081.783.785.5
Diluted  77.276.876.378.381.581.983.885.6

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