Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.19.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]        
Net revenue $ 464.6 [1] $ 452.2 [1] $ 874.9 $ 849.4
Cost of Goods and Services Sold 303.7 283.6 567.0 534.6
Gross profit 160.9 168.6 307.9 314.8
Operating expenses 93.7 98.3 184.4 187.4
Amortization of Intangible Assets 8.6 7.5 16.4 15.1
Impairment charge 0.0 63.4 0.0 63.4
Interest expense 5.4 6.0 10.9 12.3
Other income (expense), net 0.1 (1.1) 0.6 (1.5)
Income (loss) before income taxes 53.3 (7.7) 96.8 35.1
Income tax expense 13.8 13.6 28.3 37.3
Consolidated net income (loss) 39.5 (21.3) 68.5 (2.2)
Less: Net income attributable to noncontrolling interests 1.5 0.6 2.2 1.6
Net income (loss) $ 38.0 [2] $ (21.9) [2] $ 66.3 $ (3.8) [2]
Net income - per share of common stock:        
Basic earnings per share $ 0.60 $ (0.34) $ 1.05 $ (0.06)
Diluted earnings per share $ 0.60 $ (0.34) $ 1.05 $ (0.06)
Weighted average shares outstanding (basic) 62.9 63.3 62.9 63.5
Weighted average shares outstanding (diluted) 63.4 63.3 63.4 63.5
[1] We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
[2] Net income (loss) attributable to Hillenbrand