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WABCO Holdings Inc. (WBC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12
   10-K10-K10-K10-K10-K10-K10-K10-K
Sales  3,421.43,831.03,304.217.72,627.52,851.02,720.52,477.4
            Sales growth  -10.7%15.9%18567.8%-99.3%-7.8%4.8%9.8%-11.3%
Cost of sales  2,429.42,658.52,290.41,931.01,837.61,979.31,911.41,737.2
    Gross profit  992.01,172.51,013.8879.0789.9871.7809.1740.2
            Gross margin  29.0%30.6%30.7%4966.1%30.1%30.6%29.7%29.9%
   
Costs and expenses:          
Selling and administrative expenses  463.2476.0411.2356.6346.6386.8352.8308.2
Research, development and engineering expenses  193.2184.4147.0135.2139.5145.0119.4104.3
Other operating income, net  -1.5-0.420.65.3-6.7-8.9-5.0-3.2
    Operating income  337.1512.5435.0381.9297.1331.0331.9324.5
            Operating margin  9.9%13.4%13.2%2157.6%11.3%11.6%12.2%13.1%
Equity income of unconsolidated joint ventures, net  -2.0-1.0-23.1-24.8-32.123.817.7-18.1
Other non-operating expense, net  -26.2-42.3-37.2-24.9-24.61.86.9-5.0
Interest (expense)/income, net  -0.1-7.5-16.0-12.7-7.10.24.9-1.5
    Income before income taxes  312.8463.7652.6369.1297.5356.8640.9336.1
Income tax expense  53.449.3229.7121.811.555.6-21.023.6
            Tax rate  17.1%10.6%35.2%33.0%3.9%15.6% 7.0%
    Net income including noncontrolling interests  259.4414.4422.9247.3286.0301.2661.9312.5
Less: net income attributable to noncontrolling interests  13.620.316.824.310.89.78.710.5
    Net income attributable to Company  245.8394.1406.1223.0275.2291.5653.2302.0
   
Net income attributable to Company per common share          
Basic (in usd per share)  $4.80$7.46$7.53$4.00$4.76$4.87$10.46$4.73
Diluted (in usd per share)  $4.78$7.43$7.50$3.98$4.72$4.81$10.31$4.62
   
Cash dividends per share of common stock (in usd per share)          
   
Weighted average common shares outstanding          
Basic (in shares)  51.252.853.955.757.859.962.563.9
Diluted (in shares)  51.453.154.156.058.360.563.465.3

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