XML 65 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales:    
Total net sales $ 1,929.9 $ 1,593.6
Cost of sales:    
Total cost of sales (1,351.2) (1,204.6)
Gross profit 578.7 389.0
Operating expenses:    
Selling, general and administrative expenses (243.4) (259.8)
Engineering expenses (49.0) (34.5)
Amortization expense (69.0) (27.4)
Total operating expenses (361.4) (321.7)
Income from operations 217.3 67.3
Other income and expenses:    
Interest expense, net (53.3) (44.6)
Other expense, net (14.8) (8.2)
Income from operations before income taxes 149.2 14.5
Income tax expense (38.0) (18.5)
Net income (loss) 111.2 (4.0)
Less: Net loss (gain) attributable to noncontrolling interest 0.4 (0.5)
Net income (loss) attributable to Wabtec shareholders $ 111.6 $ (4.5)
Basic    
Net income (loss) attributable to Wabtec shareholders (in dollars per share) $ 0.58 $ (0.04)
Diluted    
Net income (loss) attributable to Wabtec shareholders (in dollars per share) $ 0.58 $ (0.04)
Weighted average shares outstanding    
Basic (in shares) 190.8 121.2
Diluted (in shares) 191.4 121.2
Goods    
Net sales:    
Total net sales $ 1,590.8 $ 1,434.5
Cost of sales:    
Total cost of sales (1,155.9) (1,073.6)
Services    
Net sales:    
Total net sales 339.1 159.1
Cost of sales:    
Total cost of sales $ (195.3) $ (131.0)