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LINCOLN ELECTRC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Sales3,028.672,624.432,274.612,535.792,813.322,852.672,853.372,694.612,070.171,729.29
Total Revenues3,028.672,624.432,274.612,535.792,813.322,852.672,853.372,694.612,070.171,729.29
Cost of goods sold2,000.151,749.321,488.061,694.651,864.031,910.021,986.711,957.871,506.351,273.02
Gross Profit1,028.52875.11786.56841.14949.30942.65866.66736.74563.82456.27
Selling, general & administrative expenses627.70541.23468.60496.75545.50527.21495.22439.78377.77333.14
Pension settlement charges------142.740.00----------
Rationalization charges(25.29)(6.59)--(19.96)(30.05)(8.46)(9.35)(0.28)0.38(29.90)
Loss on disposal of motor business--------------------
Bargain purchase gain--49.65----------------
Loss on deconsolidation of Venezuelan subsidiary----(34.35)--0.00----------
Operating Income (Loss)375.54376.94283.61181.70373.75406.99362.08296.68186.4393.23
Interest expense17.5719.4316.9921.8210.432.864.196.706.698.52
Equity earnings in affiliates------3.025.414.815.015.393.17(5.03)
Interest income------2.713.093.323.993.122.383.46
Other income (loss)10.698.7310.764.184.004.192.692.851.823.59
Total Other income (expense)10.698.7310.76(11.91)2.079.467.494.650.68--
Income (loss) before income taxes368.66366.24277.39169.79375.81416.44369.57301.33187.1186.74
Pre-Tax Income - U.S255.09213.17209.4151.75303.93281.72243.38204.67135.76110.91
Non-U.S113.57153.0767.98118.0471.88134.72126.1996.6651.35(24.17)
Current: Federal45.5289.1857.0960.5071.6058.1072.8142.5130.6425.69
Income taxes81.67118.7679.0242.38121.93124.75112.3584.3254.9037.91
Deferred: Federal(0.69)(4.39)(1.72)(47.90)15.1821.95(1.67)12.146.80(4.61)
Current- Non-U.S28.8925.7523.3428.0524.2140.3533.5119.9715.5315.94
Deferred- Non-U.S(3.12)(0.08)(8.26)(3.36)1.37(5.73)(0.75)2.77(2.64)(2.74)
Current: State and local10.527.648.399.568.248.498.176.704.343.36
Deferred: State and Local0.550.670.17(4.46)1.341.610.290.230.230.26
Income before the cumulative effect of a change in accounting principle--------------------
Cumulative effect of a change in accounting principle, net of tax--------------------
Net income including noncontrolling interests286.99247.48198.37127.41253.88291.69257.22217.01132.2148.83
Noncontrolling interests in subsidiaries’ earnings(0.07)(0.03)(0.03)(0.07)(0.81)(2.09)(0.20)(0.17)1.970.26
Net Income (Loss) Available to Common Shareholders287.07247.50198.40127.48254.69293.78257.41217.19130.2448.58
Basic earnings per share before the cumulative effect of a change in accounting principle--------------------
Cumulative effect of a change in accounting principle, net of tax--------------------
Basic Earnings Per Share4.423.762.941.723.223.583.102.601.540.57
Diluted earnings per share before the cumulative effect of a change in accounting principle--------------------
Cumulative effect of a change in accounting principle, net of tax--------------------
Diluted Earnings Per Share4.373.712.911.703.183.543.062.561.530.57
Basic weighted average shares outstanding64.8965.7467.4674.1179.1981.9883.0983.6884.4184.78
Diluted weighted average shares outstanding65.6866.6468.1674.8580.1083.0484.1884.7185.2285.27