XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales:    
Total net sales $ 1,830.2 $ 1,929.9
Cost of sales:    
Total cost of sales (1,296.0) (1,351.2)
Gross profit 534.2 578.7
Operating expenses:    
Selling, general and administrative expenses (235.4) (243.4)
Engineering expenses (37.7) (49.0)
Amortization expense (69.5) (69.0)
Total operating expenses (342.6) (361.4)
Income from operations 191.6 217.3
Other income and expenses:    
Interest expense, net (47.6) (53.3)
Other income (expense), net 14.2 (14.8)
Income before income taxes 158.2 149.2
Income tax expense (43.5) (38.0)
Net income 114.7 111.2
Less: Net (income) loss attributable to noncontrolling interest (2.3) 0.4
Net income attributable to Wabtec shareholders $ 112.4 $ 111.6
Basic    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.59 $ 0.58
Diluted    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.59 $ 0.58
Weighted average shares outstanding    
Basic (in shares) 188.5 190.8
Diluted (in shares) 188.9 191.4
Goods    
Net sales:    
Total net sales $ 1,485.1 $ 1,590.8
Cost of sales:    
Total cost of sales (1,107.7) (1,155.9)
Services    
Net sales:    
Total net sales 345.1 339.1
Cost of sales:    
Total cost of sales $ (188.3) $ (195.3)