Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Information - Consolidating statements of income (Details)

v3.7.0.1
Condensed Consolidating Information - Consolidating statements of income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]        
Percentage ownership of subsidiaries with indebtedness guaranteed by the parent 100.00%   100.00%  
Condensed Consolidating Statements of Income        
Schedule of condensed consolidating statements of income    


 
Six Months Ended March 31, 2017
 
Six Months Ended March 31, 2016
 
Parent
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
Parent
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
Net revenue
$

 
$
431.4

 
$
420.4

 
$
(100.4
)
 
$
751.4

 
$

 
$
415.1

 
$
423.5

 
$
(99.9
)
 
$
738.7

Cost of goods sold

 
226.4

 
302.2

 
(51.8
)
 
476.8

 

 
210.8

 
305.8

 
(48.8
)
 
467.8

Gross profit

 
205.0

 
118.2

 
(48.6
)
 
274.6

 

 
204.3

 
117.7

 
(51.1
)
 
270.9

Operating expenses
21.0

 
115.8

 
80.2

 
(48.6
)
 
168.4

 
14.9

 
123.8

 
81.8

 
(51.1
)
 
169.4

Amortization expense

 
6.8

 
7.6

 

 
14.4

 

 
6.8

 
11.6

 

 
18.4

Interest expense
10.8

 

 
1.6

 

 
12.4

 
10.8

 
0.1

 
1.4

 

 
12.3

Other income (expense), net
(0.4
)
 
(0.4
)
 
(1.1
)
 

 
(1.9
)
 
(0.2
)
 
(2.1
)
 
0.7

 

 
(1.6
)
Equity in net income (loss) of subsidiaries
71.5

 
3.7

 

 
(75.2
)
 

 
58.4

 
4.9

 

 
(63.3
)
 

Income (loss) before income taxes
39.3

 
85.7

 
27.7

 
(75.2
)
 
77.5

 
32.5

 
76.4

 
23.6

 
(63.3
)
 
69.2

Income tax expense (benefit)
(15.8
)
 
30.7

 
6.7

 

 
21.6

 
(13.6
)
 
27.9

 
6.7

 

 
21.0

Consolidated net income
55.1

 
55.0

 
21.0

 
(75.2
)
 
55.9

 
46.1

 
48.5


16.9

 
(63.3
)
 
48.2

Less: Net income attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
noncontrolling interests

 

 
0.8

 

 
0.8

 

 

 
2.1

 

 
2.1

Net income (loss) (1)
$
55.1

 
$
55.0

 
$
20.2

 
$
(75.2
)
 
$
55.1

 
$
46.1

 
$
48.5

 
$
14.8

 
$
(63.3
)
 
$
46.1

Consolidated comprehensive income (loss)
$
51.9

 
$
59.7

 
$
8.1

 
$
(66.8
)
 
$
52.9

 
$
52.1

 
$
58.0

 
$
22.5

 
$
(78.5
)
 
$
54.1

Less: Comprehensive income attributable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     to noncontrolling interests

 

 
1.0

 

 
1.0

 

 

 
2.0

 

 
2.0

Comprehensive income (loss) (2)
$
51.9

 
$
59.7

 
$
7.1

 
$
(66.8
)
 
$
51.9

 
$
52.1

 
$
58.0

 
$
20.5

 
$
(78.5
)
 
$
52.1


(1) Net income attributable to Hillenbrand
(2) Comprehensive income attributable to Hillenbrand

 
Three Months Ended March 31, 2017
 
Three Months Ended March 31, 2016
 
Parent
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
Parent
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
Net revenue
$

 
$
228.7

 
$
217.5

 
$
(50.9
)
 
$
395.3

 
$

 
$
217.8

 
$
218.3

 
$
(49.1
)
 
$
387.0

Cost of goods sold

 
117.2

 
156.7

 
(27.2
)
 
246.7

 

 
108.6

 
159.1

 
(23.4
)
 
244.3

Gross profit

 
111.5

 
60.8

 
(23.7
)
 
148.6

 

 
109.2

 
59.2

 
(25.7
)
 
142.7

Operating expenses
11.4

 
57.1

 
40.8

 
(23.7
)
 
85.6

 
7.7

 
63.7

 
41.6

 
(25.7
)
 
87.3

Amortization expense

 
3.4

 
3.8

 

 
7.2

 

 
4.5

 
4.1

 

 
8.6

Interest expense
5.4

 

 
0.9

 

 
6.3

 
5.6

 
0.1

 
0.7

 

 
6.4

Other income (expense), net
(0.4
)
 
(0.4
)
 
0.2

 

 
(0.6
)
 
(0.3
)
 
(1.1
)
 
0.5

 

 
(0.9
)
Equity in net income (loss) of subsidiaries
42.7

 
1.5

 

 
(44.2
)
 

 
32.0

 
2.7

 

 
(34.7
)
 

Income (loss) before income taxes
25.5

 
52.1

 
15.5

 
(44.2
)
 
48.9

 
18.4

 
42.5

 
13.3

 
(34.7
)
 
39.5

Income tax expense (benefit)
(7.9
)
 
19.0

 
3.8

 

 
14.9

 
(7.7
)
 
15.9

 
4.1

 

 
12.3

Consolidated net income
33.4

 
33.1

 
11.7

 
(44.2
)
 
34.0

 
26.1

 
26.6

 
9.2

 
(34.7
)
 
27.2

Less: Net income attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
noncontrolling interests

 

 
0.6

 

 
0.6

 

 

 
1.1

 

 
1.1

Net income (loss) (1)
$
33.4

 
$
33.1

 
$
11.1

 
$
(44.2
)
 
$
33.4

 
$
26.1

 
$
26.6

 
$
8.1

 
$
(34.7
)
 
$
26.1

Consolidated comprehensive income (loss)
$
46.2

 
$
38.2

 
$
19.7

 
$
(57.0
)
 
$
47.1

 
$
45.9

 
$
27.2

 
$
29.3

 
$
(55.4
)
 
$
47.0

Less: Comprehensive income attributable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     to noncontrolling interests

 

 
0.9

 

 
0.9

 

 

 
1.1

 

 
1.1

Comprehensive income (loss) (2)
$
46.2

 
$
38.2

 
$
18.8

 
$
(57.0
)
 
$
46.2

 
$
45.9

 
$
27.2

 
$
28.2

 
$
(55.4
)
 
$
45.9

 
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 income (expense), net (0.6) (0.9) (1.9) (1.6)
Income before income taxes 48.9 39.5 77.5 69.2
Income tax expense (benefit) 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
Consolidated comprehensive income 47.1 47.0 52.9 54.1
Less: Comprehensive income attributable to noncontrolling interests 0.9 1.1 1.0 2.0
Comprehensive income (loss) [3],[4] 46.2 45.9 51.9 52.1
Reportable legal entities | Parent        
Condensed Consolidating Statements of Income        
Operating expenses 11.4 7.7 21.0 14.9
Amortization of Intangible Assets 0.0 0.0 0.0 0.0
Interest expense 5.4 5.6 10.8 10.8
Other income (expense), net (0.4) (0.3) (0.4) (0.2)
Equity in net income (loss) of subsidiaries 42.7 32.0 71.5 58.4
Income before income taxes 25.5 18.4 39.3 32.5
Income tax expense (benefit) (7.9) (7.7) (15.8) (13.6)
Consolidated net income 33.4 26.1 55.1 46.1
Net income [2] 33.4 26.1 55.1 46.1
Consolidated comprehensive income 46.2 45.9 51.9 52.1
Comprehensive income (loss) [4] 46.2 45.9 51.9 52.1
Reportable legal entities | Guarantors        
Condensed Consolidating Statements of Income        
Net revenue 228.7 217.8 431.4 415.1
Cost of goods sold 117.2 108.6 226.4 210.8
Gross profit 111.5 109.2 205.0 204.3
Operating expenses 57.1 63.7 115.8 123.8
Amortization of Intangible Assets 3.4 4.5 6.8 6.8
Interest expense 0.0 0.1 0.0 0.1
Other income (expense), net (0.4) (1.1) (0.4) (2.1)
Equity in net income (loss) of subsidiaries 1.5 2.7 3.7 4.9
Income before income taxes 52.1 42.5 85.7 76.4
Income tax expense (benefit) 19.0 15.9 30.7 27.9
Consolidated net income 33.1 26.6 55.0 48.5
Net income [2] 33.1 26.6 55.0 48.5
Consolidated comprehensive income 38.2 27.2 59.7 58.0
Comprehensive income (loss) [4] 38.2 27.2 59.7 58.0
Reportable legal entities | Non-Guarantors        
Condensed Consolidating Statements of Income        
Net revenue 217.5 218.3 420.4 423.5
Cost of goods sold 156.7 159.1 302.2 305.8
Gross profit 60.8 59.2 118.2 117.7
Operating expenses 40.8 41.6 80.2 81.8
Amortization of Intangible Assets 3.8 4.1 7.6 11.6
Interest expense 0.9 0.7 1.6 1.4
Other income (expense), net 0.2 0.5 (1.1) 0.7
Income before income taxes 15.5 13.3 27.7 23.6
Income tax expense (benefit) 3.8 4.1 6.7 6.7
Consolidated net income 11.7 9.2 21.0 16.9
Less: Net income attributable to noncontrolling interests 0.6 1.1 0.8 2.1
Net income [2] 11.1 8.1 20.2 14.8
Consolidated comprehensive income 19.7 29.3 8.1 22.5
Less: Comprehensive income attributable to noncontrolling interests 0.9 1.1 1.0 2.0
Comprehensive income (loss) [4] 18.8 28.2 7.1 20.5
Eliminations        
Condensed Consolidating Statements of Income        
Net revenue (50.9) (49.1) (100.4) (99.9)
Cost of goods sold (27.2) (23.4) (51.8) (48.8)
Gross profit (23.7) (25.7) (48.6) (51.1)
Operating expenses (23.7) (25.7) (48.6) (51.1)
Interest expense     0.0  
Other income (expense), net 0.0   0.0  
Equity in net income (loss) of subsidiaries (44.2) (34.7) (75.2) (63.3)
Income before income taxes (44.2) (34.7) (75.2) (63.3)
Consolidated net income (44.2) (34.7) (75.2) (63.3)
Net income [2] (44.2) (34.7) (75.2) (63.3)
Consolidated comprehensive income (57.0) (55.4) (66.8) (78.5)
Comprehensive income (loss) [4] $ (57.0) $ (55.4) $ (66.8) $ (78.5)
[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
[3] Comprehensive income attributable to Hillenbrand
[4] Comprehensive income attributable to Hillenbrand