Westinghouse Air Brake Technologies Corp.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.88B | $2.93B | $3.28B | $3.04B | $2.57B | $2.39B | $1.97B | $1.51B |
| Service | — | — | $1.48B | — | — | — | — | — |
| Product | — | — | $1.80B | — | — | — | — | — |
| Cost of Revenue | $2.82B | $2.01B | $2.26B | $2.11B | $1.80B | $1.70B | $1.40B | $1.06B |
| Gross Profit | $1.07B | $924.2M | $1.05B | $936.0M | $764.0M | $694.6M | $570.4M | $449.1M |
| Gross Margin | 27.4% | 31.5% | 31.9% | 30.7% | 29.8% | 29.0% | 29.0% | 29.8% |
| Operating Expenses | ||||||||
| Research & Development | $95.2M | $71.4M | $71.2M | $61.9M | $46.3M | $41.3M | $37.2M | $40.2M |
| SG&A Expense | $512.5M | $373.6M | $347.4M | $324.5M | $262.7M | $245.7M | $247.5M | $195.9M |
| Operating Income | $421.1M | $456.6M | $607.6M | $527.1M | $437.3M | $392.3M | $270.7M | $202.8M |
| Operating Margin | 10.8% | 15.6% | 18.5% | 17.3% | 17.0% | 16.4% | 13.8% | 13.5% |
| Interest Expense | — | — | — | — | — | $14.9M | $15.4M | $16.0M |
| Pretax Income | $352.1M | $412.8M | $585.4M | $507.9M | $421.1M | $377.4M | $255.3M | $186.8M |
| Income Tax Expense | $89.8M | $99.4M | $186.7M | $156.2M | $128.9M | $125.6M | $85.2M | $63.7M |
| Net Income | $262.3M | $304.9M | $398.6M | $351.7M | $292.2M | $251.7M | $170.1M | $123.1M |
| Net Margin | 6.8% | 10.4% | 12.1% | 11.6% | 11.4% | 10.5% | 8.6% | 8.2% |
| EPS (Basic) | $2.74 | $3.37 | $4.14 | $3.66 | $3.05 | $2.62 | $1.77 | $1.29 |
| EPS (Diluted) | $2.72 | $3.34 | $4.10 | $3.62 | $3.01 | $2.60 | $1.76 | $1.28 |
| Shares Outstanding (Basic) | 95.5M | 90.4M | 96.1M | 95.8M | 95.5M | 95.5M | 95.6M | 95.2M |
| Shares Outstanding (Diluted) | 96.1M | 91.1M | 97.0M | 96.9M | 96.8M | 96.7M | 96.7M | 96.0M |
| Dividends Per Share | $0.44 | $0.36 | $0.28 | $0.20 | $0.13 | $0.08 | $0.04 | $0.02 |