Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net revenue [1] $ 446.0 $ 395.9 $ 1,295.4 $ 1,147.3
Cost of goods sold 282.3 243.5 816.7 720.3
Gross profit 163.7 152.4 478.7 427.0
Operating expenses 98.4 86.3 285.9 254.7
Amortization of Intangible Assets 7.6 7.3 22.7 21.7
Asset Impairment Charges 63.4 0.0 63.4 0.0
Interest expense 5.5 6.5 17.8 18.9
Other (expense) income, net (0.8) (1.1) (2.4) (3.0)
Income before income taxes 51.4 51.2 86.5 128.7
Income tax expense 15.2 16.6 52.5 38.2
Consolidated net income 36.2 34.6 34.0 90.5
Less: Net income attributable to noncontrolling interests 0.3 1.7 1.9 2.5
Net income [2] $ 35.9 $ 32.9 $ 32.1 $ 88.0
Net income - per share of common stock:        
Basic earnings per share $ 0.57 $ 0.52 $ 0.51 $ 1.38
Diluted earnings per share $ 0.56 $ 0.52 $ 0.50 $ 1.37
Weighted average shares outstanding (basic) 62.8 63.4 63.2 63.6
Weighted average shares outstanding (diluted) 63.5 63.9 63.9 64.1
Cash dividends declared per share $ 0.2075 $ 0.2050 $ 0.6225 $ 0.6150
[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