A.O. Smith Corp
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.00B | $2.69B | $2.54B | $2.36B | $2.15B | $1.94B | $1.71B | $1.49B |
| North America | $1.90B | $1.74B | — | — | — | — | — | — |
| Rest of World | $1.12B | $965.6M | — | — | — | — | — | — |
| Intersegment Eliminations | $-24.4M | $-22.9M | — | — | — | — | — | — |
| Cost of Revenue | $1.76B | $1.57B | $1.53B | $1.50B | $1.38B | $1.29B | $1.20B | $1.04B |
| Gross Profit | $1.23B | $1.11B | $1.01B | $859.3M | $773.8M | $652.0M | $512.6M | $446.0M |
| Gross Margin | 41.1% | 41.5% | 39.8% | 36.5% | 35.9% | 33.6% | 30.0% | 29.9% |
| Operating Expenses | ||||||||
| Research & Development | $86.4M | $80.1M | $73.7M | $67.9M | $57.8M | $51.7M | $42.7M | $37.1M |
| SG&A Expense | $722.8M | $662.5M | $610.7M | $572.1M | $524.5M | $450.5M | $372.8M | $328.7M |
| Operating Income | $577.9M | $515.0M | $452.9M | $345.3M | $299.9M | $259.4M | $196.5M | $132.9M |
| Operating Margin | 19.3% | 19.2% | 17.9% | 14.7% | 13.9% | 13.4% | 11.5% | 8.9% |
| Interest Expense | $10.1M | $7.3M | $7.4M | $5.7M | $5.7M | $9.2M | $9.3M | $6.9M |
| Pretax Income | $520.8M | $462.5M | $402.5M | $286.7M | $236.4M | $233.8M | $161.5M | $74.4M |
| Income Tax Expense | $224.3M | $136.0M | $119.6M | $78.9M | $66.7M | $71.2M | $50.3M | $17.3M |
| Net Income | $296.5M | $326.5M | $282.9M | $207.8M | $169.7M | $158.7M | $305.7M | $111.7M |
| Net Margin | 9.9% | 12.2% | 11.2% | 8.8% | 7.9% | 8.2% | 17.9% | 7.5% |
| EPS (Basic) | $1.72 | $1.87 | $1.59 | $1.15 | $1.84 | $1.72 | $3.31 | $1.22 |
| EPS (Diluted) | $1.70 | $1.85 | $1.58 | $1.14 | $1.83 | $1.71 | $3.28 | $1.21 |
| Shares Outstanding (Basic) | 172.7M | 174.7M | 177.6M | 180.6M | 92.1M | 92.4M | 92.2M | 91.5M |
| Shares Outstanding (Diluted) | 174.6M | 176.8M | 179.0M | 182.0M | 92.8M | 93.1M | 93.1M | 92.3M |
| Dividends Per Share | $0.56 | $0.48 | $0.38 | $0.30 | $0.46 | $0.36 | $0.30 | $0.27 |