XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated and Combined Statements of Operations (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total net sales $ 216.9 $ 222.6 $ 762.7 $ 780.1
Services cost of sales (exclusive of depreciation and amortization) 75.5 81.7 253.4 240.2
Products cost of sales (exclusive of depreciation and amortization) 57.8 58.9 204.1 190.7
Total cost of sales 133.3 140.6 457.5 482.7
Selling, general and administrative expenses (exclusive of depreciation and amortization) 62.6 54.8 203.8 173.7
Restructuring, impairment and other charges-net 0.8 (0.6) 4.1 6.4
Depreciation and amortization 11.6 10.6 33.1 31.7
Other operating income (53.5) 0.0 (53.5) 0.0
Income from operations 62.1 17.2 117.7 85.6
Interest expense-net 8.4 10.6 27.2 32.7
Investment and other income-net (14.0) (0.8) (15.6) (2.5)
Earnings before income taxes 67.7 7.4 106.1 55.4
Income tax expense 19.7 2.1 31.5 22.0
Net earnings $ 48.0 $ 5.3 $ 74.6 $ 33.4
Net earnings per share (Note 12):        
Basic net earnings per share $ 1.42 $ 0.16 $ 2.21 $ 1.01
Diluted net earnings per share $ 1.40 $ 0.16 $ 2.19 $ 1.01
Weighted average number of common shares outstanding        
Basic 33.9 33.6 33.8 33.0
Diluted 34.2 33.8 34.0 33.2
Services Net Sales        
Total net sales $ 138.5 $ 140.3 $ 485.9 $ 471.4
Products Net Sales        
Total net sales 78.4 82.3 276.8 308.7
R.R. Donnelley Affiliates        
Services cost of sales (exclusive of depreciation and amortization) [1] 0.0 0.0 0.0 19.5 [2]
Products cost of sales (exclusive of depreciation and amortization) [1] $ 0.0 $ 0.0 $ 0.0 $ 32.3 [2]
[1] Beginning in the quarter ended June 30, 2017, LSC Communications (“LSC”) no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, R.R. Donnelley & Sons Company (“RRD”) no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.
[2] Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.