Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]        
Net revenue [1] $ 452.2 $ 395.3 $ 849.4 $ 751.4
Cost of goods sold 283.5 246.7 534.4 476.8
Gross profit 168.7 148.6 315.0 274.6
Operating expenses 98.3 85.6 187.5 168.4
Amortization of Intangible Assets 7.5 7.2 15.1 14.4
Asset Impairment Charges 63.4 0.0 63.4 0.0
Interest expense 6.0 6.3 12.3 12.4
Other (expense) income, net (1.2) (0.6) (1.6) (1.9)
(Loss) income before income taxes (7.7) 48.9 35.1 77.5
Income tax expense 13.6 14.9 37.3 21.6
Consolidated net (loss) income (21.3) 34.0 (2.2) 55.9
Less: Net income attributable to noncontrolling interests 0.6 0.6 1.6 0.8
Net income [2] $ (21.9) $ 33.4 $ (3.8) $ 55.1
Net income - per share of common stock:        
Basic earnings per share $ (0.34) $ 0.52 $ (0.06) $ 0.86
Diluted earnings per share $ (0.34) $ 0.52 $ (0.06) $ 0.86
Weighted average shares outstanding (basic) 63.3 63.9 63.5 63.8
Weighted average shares outstanding (diluted) 63.3 64.4 63.5 64.3
Cash dividends declared per share $ 0.2075 $ 0.2050 $ 0.4150 $ 0.4100
[1] We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
[2] Net (loss) income attributable to Hillenbrand