Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.7.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Net revenue [1] $ 395.3 $ 387.0 $ 751.4 $ 738.7
Cost of goods sold 246.7 244.3 476.8 467.8
Gross profit 148.6 142.7 274.6 270.9
Operating expenses 85.6 87.3 168.4 169.4
Amortization of Intangible Assets 7.2 8.6 14.4 18.4
Interest expense 6.3 6.4 12.4 12.3
Other (expense) income, net (0.6) (0.9) (1.9) (1.6)
Income before income taxes 48.9 39.5 77.5 69.2
Income tax expense 14.9 12.3 21.6 21.0
Consolidated net income 34.0 27.2 55.9 48.2
Less: Net income attributable to noncontrolling interests 0.6 1.1 0.8 2.1
Net income [2] $ 33.4 $ 26.1 $ 55.1 $ 46.1
Net income - per share of common stock:        
Basic earnings per share $ 0.52 $ 0.41 $ 0.86 $ 0.73
Diluted earnings per share $ 0.52 $ 0.41 $ 0.86 $ 0.72
Weighted average shares outstanding (basic) 63.9 63.3 63.8 63.3
Weighted average shares outstanding (diluted) 64.4 63.8 64.3 63.8
Cash dividends declared per share $ 0.2050 $ 0.2025 $ 0.4100 $ 0.4050
[1] We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
[2] Net income attributable to Hillenbrand