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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2014
QUARTERLY FINANCIAL DATA (UNAUDITED)  
Quarterly financial data

 

 

 

FIRST

 

SECOND

 

THIRD

 

FOURTH

 

 

 

 

MILLIONS, EXCEPT PER SHARE

 

QUARTER

 

QUARTER

 

QUARTER

 

QUARTER

 

YEAR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
3,336.6

 

$
3,568.2

 

$
3,694.9

 

$
3,680.8

 

$
14,280.5

 

 

Cost of sales (including special charges of $6.0, $1.1, $0.8 and $6.4 in Q1, Q2, Q3 and Q4, respectively)

 
1,819.2

 
1,909.4

 
1,970.6

 
1,979.9

 
7,679.1

 

 

Selling, general and administrative expenses

 
1,136.9

 
1,152.7

 
1,145.9

 
1,142.1

 
4,577.6

 

 

Special (gains) and charges

 
29.6

 
(6.1

)
7.0

 
38.3

 
68.8

 

 

Operating income

 
350.9

 
512.2

 
571.4

 
520.5

 
1,955.0

 

 

Interest expense, net

 
65.1

 
66.2

 
63.3

 
62.0

 
256.6

 

 

Income before income taxes

 
285.8

 
446.0

 
508.1

 
458.5

 
1,698.4

 

 

Provision for income taxes

 
91.3

 
131.0

 
138.7

 
115.2

 
476.2

 

 

Net income including noncontrolling interest

 
194.5

 
315.0

 
369.4

 
343.3

 
1,222.2

 

 

Less: Net income attributable to noncontrolling interest

 
3.5

 
3.6

 
4.5

 
7.8

 
19.4

 

 

Net income attributable to Ecolab

 

$
191.0

 

$
311.4

 

$
364.9

 

$
335.5

 

$
1,202.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings attributable to Ecolab per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.64

 

$
1.04

 

$
1.22

 

$
1.12

 

$
4.01

 

 

Diluted

 

$
0.62

 

$
1.02

 

$
1.19

 

$
1.10

 

$
3.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 
300.6

 
299.6

 
300.0

 
300.1

 
300.1

 

 

Diluted

 
306.5

 
305.2

 
305.7

 
305.6

 
305.9

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
2,872.1

 

$
3,337.8

 

$
3,484.0

 

$
3,559.5

 

$
13,253.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (including special charges of $2.0, $15.2, $6.3 and $19.7 in Q1, Q2, Q3 and Q4, respectively)

 
1,539.7

 
1,810.2

 
1,866.1

 
1,945.2

 
7,161.2

 

 

Selling, general and administrative expenses

 
1,021.0

 
1,101.7

 
1,114.1

 
1,123.5

 
4,360.3

 

 

Special (gains) and charges

 
49.7

 
73.6

 
27.8

 
20.2

 
171.3

 

 

Operating income

 
261.7

 
352.3

 
476.0

 
470.6

 
1,560.6

 

 

Interest expense, net (including special charges of $2.2 and $0.3 in Q1 and Q2, respectively)

 
61.5

 
66.2

 
67.0

 
67.6

 
262.3

 

 

Income before income taxes

 
200.2

 
286.1

 
409.0

 
403.0

 
1,298.3

 

 

Provision for income taxes

 
39.2

 
70.3

 
101.8

 
113.4

 
324.7

 

 

Net income including noncontrolling interest

 
161.0

 
215.8

 
307.2

 
289.6

 
973.6

 

 

Less: Net income attributable to noncontrolling interest (including special charges of $0.5 in Q1)

 
1.4

 
2.7

 
(0.8

)
2.5

 
5.8

 

 

Net income attributable to Ecolab

 

$
159.6

 

$
213.1

 

$
308.0

 

$
287.1

 

$
967.8

 

 

Earnings attributable to Ecolab per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.54

 

$
0.71

 

$
1.02

 

$
0.95

 

$
3.23

 

 

Diluted

 

$
0.53

 

$
0.69

 

$
1.00

 

$
0.93

 

$
3.16

 

 

Weighted-average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 
295.4

 
301.5

 
301.2

 
301.2

 
299.9

 

 

Diluted

 
300.9

 
307.4

 
307.2

 
307.5

 
305.9