Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidating Information - Consolidating statements of income (Details)

v3.20.1
Condensed Consolidating Information - Consolidating statements of income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Condensed Consolidating Statements of Income        
Net revenue $ 648.9 $ 464.6 $ 1,215.8 $ 874.9
Cost of goods sold 455.2 303.7 850.3 567.0
Gross profit 193.7 160.9 365.5 307.9
Operating expenses 136.0 93.7 293.4 184.4
Amortization expense 24.0 8.6 38.8 16.4
Goodwill and Intangible Asset Impairment 82.5 0.0 82.5 0.0
Interest expense 20.9 5.4 35.6 10.9
Other income, net (0.7) 0.1 1.2 0.6
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (70.4) 53.3 (83.6) 96.8
Income tax expense (benefit) 1.8 13.8 (10.6) 28.3
Consolidated net (loss) income (72.2) 39.5 (73.0) 68.5
Less: Net income attributable to noncontrolling interests 1.8 1.5 4.1 2.2
Net (loss) income attributable to Hillenbrand (74.0) 38.0 (77.1) 66.3
Consolidated comprehensive (loss) income (104.3) 32.0 (85.3) 51.1
Less: Comprehensive income attributable to noncontrolling interests 1.3 1.5 3.5 2.4
Comprehensive income (loss) (105.6) 30.5 (88.8) 48.7
Reportable legal entities | Parent        
Condensed Consolidating Statements of Income        
Operating expenses 15.0 13.7 63.6 23.9
Amortization expense 0.0 0.0 0.0 0.0
Goodwill and Intangible Asset Impairment 0.0 0.0 0.0 0.0
Interest expense 0.3 4.7 5.5 9.2
Other income, net (0.5) (0.2) 0.4 (0.5)
Equity in net income of subsidiaries (43.7) 51.4 (18.1) 93.4
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (59.5) 32.8 (86.8) 59.8
Income tax expense (benefit) 14.5 (5.2) (9.7) (6.5)
Consolidated net (loss) income (74.0) 38.0 (77.1) 66.3
Net (loss) income attributable to Hillenbrand (74.0) 38.0 (77.1) 66.3
Consolidated comprehensive (loss) income (105.6) 30.5 (88.8) 48.7
Comprehensive income (loss) (105.6) 30.5 (88.8) 48.7
Reportable legal entities | Guarantors        
Condensed Consolidating Statements of Income        
Net revenue 212.6 230.6 418.1 446.7
Cost of goods sold 117.2 126.8 234.9 242.6
Gross profit 95.4 103.8 183.2 204.1
Operating expenses 57.6 60.9 116.1 122.3
Amortization expense 3.4 3.4 6.7 6.7
Goodwill and Intangible Asset Impairment 54.7 0.0 54.7 0.0
Interest expense 0.2 0.1 0.2 0.1
Other income, net (0.7) (0.1) (1.6) (0.1)
Equity in net income of subsidiaries 2.5 3.5 4.3 5.7
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (18.7) 42.8 8.2 80.6
Income tax expense (benefit) (5.2) 10.6 1.0 20.5
Consolidated net (loss) income (13.5) 32.2 7.2 60.1
Net (loss) income attributable to Hillenbrand (13.5) 32.2 7.2 60.1
Consolidated comprehensive (loss) income (15.1) 32.4 3.8 60.2
Comprehensive income (loss) (15.1) 32.4 3.8 60.2
Reportable legal entities | Non-Guarantors        
Condensed Consolidating Statements of Income        
Net revenue 493.2 294.1 910.2 541.9
Cost of goods sold 367.8 210.0 674.1 384.4
Gross profit 125.4 84.1 236.1 157.5
Operating expenses 90.5 46.1 167.5 91.9
Amortization expense 20.6 5.2 32.1 9.7
Goodwill and Intangible Asset Impairment 27.8 0.0 27.8 0.0
Interest expense 20.4 0.6 29.9 1.6
Other income, net 0.5 0.4 2.4 1.2
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (33.4) 32.6 (18.8) 55.5
Income tax expense (benefit) (7.5) 8.4 (1.9) 14.3
Consolidated net (loss) income (25.9) 24.2 (16.9) 41.2
Less: Net income attributable to noncontrolling interests 1.8 1.5 4.1 2.2
Net (loss) income attributable to Hillenbrand (27.7) 22.7 (21.0) 39.0
Consolidated comprehensive (loss) income (55.3) 19.6 (29.4) 31.4
Less: Comprehensive income attributable to noncontrolling interests 1.3 1.5 3.5 2.4
Comprehensive income (loss) (56.6) 18.1 (32.9) 29.0
Eliminations        
Condensed Consolidating Statements of Income        
Net revenue (56.9) (60.1) (112.5) (113.7)
Cost of goods sold (29.8) (33.1) (58.7) (60.0)
Gross profit (27.1) (27.0) (53.8) (53.7)
Operating expenses (27.1) (27.0) (53.8) (53.7)
Goodwill and Intangible Asset Impairment 0.0 0.0 0.0 0.0
Other income, net 0.0   0.0  
Equity in net income of subsidiaries 41.2 (54.9) 13.8 (99.1)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 41.2 (54.9) 13.8 (99.1)
Consolidated net (loss) income 41.2 (54.9) 13.8 (99.1)
Net (loss) income attributable to Hillenbrand 41.2 (54.9) 13.8 (99.1)
Consolidated comprehensive (loss) income 71.7 (50.5) 29.1 (89.2)
Comprehensive income (loss) $ 71.7 $ (50.5) $ 29.1 $ (89.2)
Hillenbrand Inc.        
Condensed Consolidating Statements of Income        
Percentage ownership of subsidiaries with indebtedness guaranteed by the parent 100.00%   100.00%