EX-99.6 12 s002426x2_ex99-6.htm EXHIBIT 99.6


Exhibit 99.6

 

Item 6. SELECTED FINANCIAL DATA

 

The following table shows selected consolidated financial information of the Company and has been derived from audited financial statements. This financial information should be read in conjunction with, and is qualified by reference to, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements of the Company and the Notes thereto included elsewhere in this Form 10-K.

 

    Year Ended December 31,  
In thousands, except per share amounts   2017     2016     2015     2014     2013  
Income Statement Data                                        
Net sales   $ 3,881,756     $ 2,931,188     $ 3,307,998     $ 3,044,454     $ 2,566,392  
Gross profit     1,065,313       924,239       1,047,816       935,982       764,027  
Operating expenses     (644,234 )     (467,632 )     (438,962 )     (406,198 )     (319,291 )
Income from operations   $ 421,079     $ 456,607     $ 608,854     $ 529,784     $ 444,736  
Interest expense, net   $ (77,884 )   $ (50,298 )   $ (27,254 )   $ (29,074 )   $ (25,247 )
Other (expense) income, net     8,868       6,528       3,768       7,145       1,598  
Net income attributable to Wabtec shareholders   $ 262,261     $ 304,887     $ 398,628     $ 351,680     $ 292,235  
Diluted Earnings per Common Share                                        
Net income attributable to Wabtec shareholders (1)   $ 2.72     $ 3.34     $ 4.10     $ 3.62     $ 3.01  
Cash dividends declared per share (1)   $ 0.44     $ 0.36     $ 0.28     $ 0.20     $ 0.13  
Fully diluted shares outstanding (1)     96,125       91,141       97,006       96,885       96,832  
Balance Sheet Data                                        
Total assets   $ 6,579,980     $ 6,581,018     $ 3,229,513     $ 3,303,841     $ 2,821,997  
Cash and cash equivalents     233,401       398,484       226,191       425,849       285,760  
Total debt     1,870,528       1,892,776       692,238       521,195       450,709  
Total equity     2,828,532       2,976,825       1,701,339       1,808,298       1,587,167  

  

(1) Information above for net income attributable to Wabtec shareholders, cash dividends declared per share and fully diluted shares outstanding for all periods presented reflects the two-for-one split of the Company’s common stock, which occurred on May 14, 2013.

 
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