Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]        
Net revenue $ 404.6us-gaap_Revenues [1] $ 396.8us-gaap_Revenues [1] $ 806.1us-gaap_Revenues $ 781.7us-gaap_Revenues
Cost of goods sold 256.0us-gaap_CostOfGoodsSold 254.0us-gaap_CostOfGoodsSold 519.1us-gaap_CostOfGoodsSold 507.9us-gaap_CostOfGoodsSold
Gross profit 148.6us-gaap_GrossProfit 142.8us-gaap_GrossProfit 287.0us-gaap_GrossProfit 273.8us-gaap_GrossProfit
Operating expenses 91.7us-gaap_OperatingExpenses 99.9us-gaap_OperatingExpenses 182.9us-gaap_OperatingExpenses 193.9us-gaap_OperatingExpenses
Operating profit 56.9us-gaap_OperatingIncomeLoss 42.9us-gaap_OperatingIncomeLoss 104.1us-gaap_OperatingIncomeLoss 79.9us-gaap_OperatingIncomeLoss
Interest expense 6.4us-gaap_InterestExpense 5.6us-gaap_InterestExpense 12.1us-gaap_InterestExpense 11.9us-gaap_InterestExpense
Other income (expense), net (5.0)us-gaap_OtherNonoperatingIncomeExpense 9.7us-gaap_OtherNonoperatingIncomeExpense (5.0)us-gaap_OtherNonoperatingIncomeExpense 9.6us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes 45.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 47.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 87.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 77.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 14.3us-gaap_IncomeTaxExpenseBenefit 13.7us-gaap_IncomeTaxExpenseBenefit 26.1us-gaap_IncomeTaxExpenseBenefit 22.7us-gaap_IncomeTaxExpenseBenefit
Consolidated net income 31.2us-gaap_ProfitLoss 33.3us-gaap_ProfitLoss 60.9us-gaap_ProfitLoss 54.9us-gaap_ProfitLoss
Less: Net income attributable to noncontrolling interests 0.5us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0.3us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0.7us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1.6us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Total reclassifications for the period, net of tax $ 30.7us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [2] $ 33.0us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [2] $ 60.2us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [2] $ 53.3us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [2]
Net income - per share of common stock:        
Basic earnings per share $ 0.49us-gaap_EarningsPerShareBasic [2] $ 0.52us-gaap_EarningsPerShareBasic [2] $ 0.95us-gaap_EarningsPerShareBasic [2] $ 0.84us-gaap_EarningsPerShareBasic [2]
Diluted earnings per share $ 0.48us-gaap_EarningsPerShareDiluted $ 0.51us-gaap_EarningsPerShareDiluted $ 0.94us-gaap_EarningsPerShareDiluted $ 0.83us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding (basic) 63.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 63.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 63.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 63.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares outstanding (diluted) 63.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 63.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 63.8us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 63.9us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividends declared per share $ 0.2us-gaap_CommonStockDividendsPerShareDeclared $ 0.1975us-gaap_CommonStockDividendsPerShareDeclared $ 0.4us-gaap_CommonStockDividendsPerShareDeclared $ 0.3950us-gaap_CommonStockDividendsPerShareDeclared
[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