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 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net revenue [1] $ 395.9 $ 371.0 $ 1,147.3 $ 1,109.7
Cost of goods sold 243.5 227.5 720.3 695.3
Gross profit 152.4 143.5 427.0 414.4
Operating expenses 86.3 87.2 254.7 256.6
Amortization of Intangible Assets 7.3 7.2 21.7 25.6
Interest expense 6.5 6.6 18.9 18.9
Other (expense) income, net (1.1) (0.3) (3.0) (1.9)
Income before income taxes 51.2 42.2 128.7 111.4
Income tax expense 16.6 10.9 38.2 31.9
Consolidated net income 34.6 31.3 90.5 79.5
Less: Net income attributable to noncontrolling interests 1.7 0.6 2.5 2.7
Net income [2] $ 32.9 $ 30.7 $ 88.0 $ 76.8
Net income - per share of common stock:        
Basic earnings per share $ 0.52 $ 0.49 $ 1.38 $ 1.21
Diluted earnings per share $ 0.52 $ 0.48 $ 1.37 $ 1.21
Weighted average shares outstanding (basic) 63.4 63.4 63.6 63.3
Weighted average shares outstanding (diluted) 63.9 63.9 64.1 63.8
Cash dividends declared per share $ 0.2050 $ 0.2025 $ 0.6150 $ 0.6075
[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