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CUBIC CORP (CUB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-20Sep-30-19Sep-30-18Sep-30-17Sep-30-16Sep-30-15Sep-30-14Sep-30-13
   10-K10-K10-K10-K10-K10-K10-K10-K
Net sales:          
Net sales  1,476.21,496.51,202.91,107.71,070.61,431.01,398.41,361.4
            Net sales growth  -1.4%24.4%8.6%3.5%-25.2%2.3%2.7%-3.0%
Costs and expenses:          
Costs          
Selling, general and administrative expenses  274.7270.1258.6240.2253.2212.5181.7165.2
Research and development  44.650.152.452.732.018.018.024.4
Amortization of purchased intangibles  59.342.127.130.229.427.622.616.7
(Gain) loss on sale of property, plant and equipment  -0.2-32.5 0.4    
Restructuring costs  16.615.45.02.31.36.31.18.1
    Total costs and expenses  1,414.71,410.21,178.51,105.11,082.31,355.71,305.91,320.7
    Operating loss  61.686.224.42.6-11.675.492.540.7
            Operating margin  4.2%5.8%2.0%0.2%-1.1%5.3%6.6%3.0%
   
Other income (expenses):          
Interest and dividend income  7.56.51.61.01.41.81.41.6
Interest expense  -27.7-20.5-10.4-15.0-11.2-4.4-4.1-3.4
Other income (expense), net  -28.8-20.0-0.70.4-2.3-0.9-0.40.9
    Loss from continuing operations before income taxes  -3.452.314.9-11.1-26.471.989.439.8
Income tax provision (benefit)  -6.411.07.114.7-14.449.019.814.5
            Tax rate  185.2%21.1%47.6% 54.3%68.1%22.2%36.5%
    Loss from continuing operations  2.941.37.8-25.7-12.1   
Net income (loss) from discontinued operations  0.4-1.44.214.513.8   
    Net loss  3.481.212.0-36.9-10.322.969.625.3
Less noncontrolling interest in net income (loss) of VIE  6.6-9.8-0.3  0.00.10.2
    Net loss attributable to Cubic  -3.249.712.3-11.21.722.9 25.3
   
Amounts attributable to Cubic:          
Net loss from continuing operations  -3.751.18.1-25.7-12.1   
Net loss from discontinued operations  0.4-1.44.214.513.8   
    Net loss attributable to Cubic  -3.249.712.3-11.21.722.9 25.3
   
Net loss per share:          
Basic          
Continuing operations attributable to Cubic (in dollars per share)  0.00.00.00.00.0   
Discontinued operations (in dollars per share)  0.00.00.00.00.0   
   
Basic earnings per share attributable to Cubic (in dollars per share)  ($0.10)$1.63$0.45($0.41)$0.06$0.85$2.59$0.94
   
Diluted          
Continuing operations attributable to Cubic (in dollars per share)  0.00.00.00.00.0   
Discontinued operations (in dollars per share)  0.00.00.00.00.0   
Diluted earnings per share attributable to Cubic (in dollars per share)  ($0.10)$1.62$0.45($0.41)$0.06$0.85$2.59$0.94
   
Weighted average shares used in per share calculations:          
Basic (in shares)  31.330.527.227.127.026.926.826.7
Diluted (in shares)  31.330.627.427.127.026.926.826.8

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