Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.19.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net revenue $ 446.6 [1] $ 446.0 [1] $ 1,321.5 $ 1,295.4
Cost of Goods and Services Sold 298.2 282.5 865.2 817.1
Gross profit 148.4 163.5 456.3 478.3
Operating expenses 90.8 98.3 275.2 285.7
Amortization of Intangible Assets 8.6 7.6 25.0 22.7
Impairment charge 0.0 0.0 0.0 63.4
Interest expense 5.2 5.5 16.1 17.8
Other (expense) income, net (0.5) (0.7) 0.1 (2.2)
Income before income taxes 43.3 51.4 140.1 86.5
Income tax expense 11.6 15.2 39.9 52.5
Consolidated net income 31.7 36.2 100.2 34.0
Less: Net income attributable to noncontrolling interests 1.3 0.3 3.5 1.9
Net income (loss) $ 30.4 [2] $ 35.9 [2] $ 96.7 $ 32.1 [2]
Net income - per share of common stock:        
Basic earnings per share $ 0.48 $ 0.57 $ 1.54 $ 0.51
Diluted earnings per share $ 0.48 $ 0.56 $ 1.52 $ 0.50
Weighted average shares outstanding (basic) 63.0 62.8 62.9 63.2
Weighted average shares outstanding (diluted) 63.4 63.5 63.4 63.9
[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