Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Information - Condensed Consolidating Statements of Income (Details)

v3.19.3
Condensed Consolidating Information - Condensed Consolidating Statements of Income (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Condensed Consolidating Statements of Income                      
Net revenue $ 485.8 $ 446.6 $ 464.6 $ 410.3 $ 474.7 $ 446.0 $ 452.2 $ 397.2 $ 1,807.3 $ 1,770.1 $ 1,590.2
Cost of Goods and Services Sold                 1,184.3 1,128.0 999.4
Gross profit 166.7 148.4 160.9 147.0 163.8 163.5 168.6 146.2 623.0 642.1 590.8
Operating expenses                 379.7 378.9 343.5
Amortization expense                 32.5 30.2 29.2
Goodwill and Intangible Asset Impairment                 0.0 63.4 0.0
Goodwill, Impairment Loss                   58.8 0.0
Interest expense                 27.4 23.3 25.2
Other Nonoperating Income (Expense)                 (6.7) 0.2 (4.6)
Income before income taxes                 176.7 146.5 188.3
Income Tax Expense (Benefit)                 50.5 65.3 59.9
Consolidated net income                 126.2 81.2 128.4
Less: Net income attributable to noncontrolling interests                 4.8 4.6 2.2
Net Income (Loss) Available to Common Stockholders, Basic $ 24.7 $ 30.4 $ 38.0 $ 28.3 $ 44.5 $ 35.9 $ (21.9) $ 18.1 121.4 [1] 76.6 [1] 126.2 [1]
Consolidated comprehensive income (loss)                 69.8 77.5 177.2
Less: Comprehensive income attributable to noncontrolling interests                 4.8 3.9 2.4
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [2]                 65.0 73.6 174.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 (56.4) (3.7) 48.8
Reportable Legal Entities                      
Condensed Consolidating Statements of Income                      
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                   73.6 (215.8)
Reportable Legal Entities | Parent                      
Condensed Consolidating Statements of Income                      
Operating expenses                 61.2 54.2 41.6
Amortization expense                 0.0 0.0 0.0
Impairment charge                 0.0 0.0 0.0
Interest expense                 23.8 20.3 21.8
Other Nonoperating Income (Expense)                 (7.2) 1.5 (1.4)
Income (Loss) from Subsidiaries, Net of Tax                 191.4 139.3 164.4
Income before income taxes                 99.2 66.3 99.6
Income Tax Expense (Benefit)                 (22.2) (10.3) (26.6)
Consolidated net income                 121.4 76.6 126.2
Net Income (Loss) Available to Common Stockholders, Basic                 121.4 76.6 126.2
Consolidated comprehensive income (loss)                 65.0 73.6 174.8
Less: Comprehensive income attributable to noncontrolling interests                 0.0 0.0 0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 65.0   174.8
Reportable Legal Entities | Guarantors                      
Condensed Consolidating Statements of Income                      
Net revenue                 893.7 937.0 901.4
Cost of Goods and Services Sold                 493.7 498.7 468.4
Gross profit                 400.0 438.3 433.0
Operating expenses                 242.2 248.2 238.1
Amortization expense                 13.3 13.4 13.5
Impairment charge                     0.0
Goodwill and Intangible Asset Impairment                 0.0 63.4  
Interest expense                 0.2 1.1 0.0
Other Nonoperating Income (Expense)                 (0.3) (0.3) (2.0)
Income (Loss) from Subsidiaries, Net of Tax                 12.5 9.1 8.2
Income before income taxes                 156.5 121.0 187.6
Income Tax Expense (Benefit)                 34.3 48.3 65.9
Consolidated net income                 122.2 72.7 121.7
Net Income (Loss) Available to Common Stockholders, Basic                 122.2 72.7 121.7
Consolidated comprehensive income (loss)                 108.6 77.1 131.8
Less: Comprehensive income attributable to noncontrolling interests                 0.0 0.0 0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 108.6 77.1 131.8
Reportable Legal Entities | Non-Guarantors                      
Condensed Consolidating Statements of Income                      
Net revenue                 1,144.1 1,052.9 904.7
Cost of Goods and Services Sold                 814.7 742.3 646.8
Gross profit                 329.4 310.6 257.9
Operating expenses                 182.7 183.3 163.9
Amortization expense                 19.2 16.8 15.7
Impairment charge                 0.0 0.0 0.0
Interest expense                 3.4 1.9 3.4
Other Nonoperating Income (Expense)                 0.8 (1.0) (1.2)
Income (Loss) from Subsidiaries, Net of Tax                 0.0    
Income before income taxes                 124.9 107.6 73.7
Income Tax Expense (Benefit)                 38.4 27.3 20.6
Consolidated net income                 86.5 80.3 53.1
Less: Net income attributable to noncontrolling interests                 4.8 4.6 2.2
Net Income (Loss) Available to Common Stockholders, Basic                 81.7 75.7 50.9
Consolidated comprehensive income (loss)                 51.2 72.1 86.4
Less: Comprehensive income attributable to noncontrolling interests                 4.8 3.9 2.4
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 46.4 68.2 84.0
Eliminations                      
Condensed Consolidating Statements of Income                      
Net revenue                 (230.5) (219.8) (215.9)
Cost of Goods and Services Sold                 (124.1) (113.0) (115.8)
Gross profit                 (106.4) (106.8) (100.1)
Operating expenses                 (106.4) (106.8) (100.1)
Other Nonoperating Income (Expense)                 0.0 0.0 0.0
Income (Loss) from Subsidiaries, Net of Tax                 (203.9) (148.4) (172.6)
Income before income taxes                 (203.9) (148.4) (172.6)
Consolidated net income                 (203.9) (148.4) (172.6)
Net Income (Loss) Available to Common Stockholders, Basic                 (203.9) (148.4) (172.6)
Consolidated comprehensive income (loss)                 (155.0) (145.3) (215.8)
Less: Comprehensive income attributable to noncontrolling interests                 0.0 0.0 $ 0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 $ (155.0) $ (145.3)  
[1] Net income attributable to Hillenbrand
[2] Comprehensive income attributable to Hillenbrand