AVIENT CORPORATION
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.88B | $2.59B | $2.94B | $2.93B | $3.84B | $3.77B | $2.86B | $2.71B |
| Cost of Revenue | $2.26B | $1.99B | $2.26B | $2.28B | $3.13B | $3.11B | $2.33B | $2.28B |
| Gross Profit | $624.8M | $596.4M | $676.4M | $651.5M | $707.9M | $662.2M | $531.1M | $429.3M |
| Gross Margin | 21.7% | 23.0% | 23.0% | 22.2% | 18.5% | 17.6% | 18.6% | 15.8% |
| Operating Expenses | ||||||||
| Research & Development | $49.6M | $45.3M | $50.4M | $48.9M | $53.4M | $52.6M | $41.3M | $36.4M |
| SG&A Expense | $446.2M | $423.3M | $408.7M | $393.9M | $552.8M | $457.6M | $417.0M | $378.3M |
| Operating Income | $178.6M | $173.1M | $267.7M | $257.6M | $155.1M | $231.5M | $137.5M | $203.0M |
| Operating Margin | 6.2% | 6.7% | 9.1% | 8.8% | 4.0% | 6.1% | 4.8% | 7.5% |
| Interest Expense | — | $60.8M | $59.7M | $64.0M | $62.2M | $63.5M | $50.8M | $33.7M |
| Pretax Income | $101.8M | $111.9M | $226.6M | $174.0M | $88.4M | $151.0M | $83.3M | $168.9M |
| Income Tax Expense | $14.4M | $800.0K | $60.4M | $25.5M | $11.2M | $58.1M | $30.1M | $15.5M |
| Net Income | $159.8M | $-57.7M | $165.2M | $144.6M | $79.2M | $243.8M | $71.9M | $172.6M |
| Net Margin | 5.5% | -2.2% | 5.6% | 4.9% | 2.1% | 6.5% | 2.5% | 6.4% |
| EPS (Basic) | $2.01 | $-0.71 | $1.97 | $1.65 | $0.86 | $2.55 | $0.81 | $1.87 |
| EPS (Diluted) | $1.99 | $-0.70 | $1.95 | $1.63 | $0.85 | $2.53 | $0.80 | $1.84 |
| Shares Outstanding (Basic) | 79.7M | 81.5M | 83.9M | 87.8M | 92.3M | 95.5M | 89.1M | 92.2M |
| Shares Outstanding (Diluted) | 80.4M | 82.1M | 84.6M | 88.7M | 93.5M | 96.5M | 89.8M | 94.3M |
| Dividends Per Share | $0.72 | $0.58 | $0.50 | $0.42 | $0.34 | $0.26 | $0.20 | $0.16 |