Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.4.0.3
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]        
Net revenue $ 387.0 [1] $ 404.6 [1] $ 738.7 $ 806.1
Cost of goods sold 244.3 256.0 467.8 519.1
Gross profit 142.7 148.6 270.9 287.0
Operating expenses 87.3 84.4 169.4 167.9
Amortization of Intangible Assets 8.6 7.3 18.4 15.0
Interest expense 6.4 6.4 12.3 12.1
Other income (expense), net (0.9) (5.0) (1.6) (5.0)
Income before income taxes 39.5 45.5 69.2 87.0
Income tax expense 12.3 14.3 21.0 26.1
Consolidated net income 27.2 31.2 48.2 60.9
Less: Net income attributable to noncontrolling interests 1.1 0.5 2.1 0.7
Total reclassifications for the period, net of tax [2] $ 26.1 $ 30.7 $ 46.1 $ 60.2
Net income - per share of common stock:        
Basic earnings per share $ 0.41 $ 0.49 $ 0.73 $ 0.95
Diluted earnings per share $ 0.41 $ 0.48 $ 0.72 $ 0.94
Weighted average shares outstanding (basic) 63.3 63.3 63.3 63.2
Weighted average shares outstanding (diluted) 63.8 63.9 63.8 63.8
Cash dividends declared per share $ 0.2025 $ 0.2 $ 0.4050 $ 0.40
[1] We attribute revenue to a geography based upon the location of the legal entity that consummates the external sale.
[2] Net income attributable to Hillenbrand