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MASCO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2017201620152014201320122011201020092008
Period End Date12/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/200912/31/2008
Net Sales7,644.007,357.007,142.007,006.006,761.007,495.007,170.007,486.007,657.009,484.00
Total Revenue7,644.007,357.007,142.007,006.006,761.007,495.007,170.007,486.007,657.009,484.00
Cost of sales5,033.004,901.004,889.004,946.004,802.005,539.005,383.005,653.005,647.007,125.00
Gross Profit2,611.002,456.002,253.002,060.001,959.001,956.001,787.001,833.002,010.002,359.00
Amortization of acquired goodwill--------------------
Goodwill impairment charge------------450.00698.00262.00467.00
Selling, general and administrative expenses1,442.001,403.001,339.001,347.001,347.001,535.001,543.001,598.001,678.001,802.00
(Income) regarding litigation settlement------9.00--(77.00)(9.00)0.00----
Income from planned disposition of a business--------------------
Impairment charges for other intangible assets------(1.00)--(42.00)--------
Operating (loss) profit1,169.001,053.00914.00721.00612.00302.00(215.00)(463.00)70.0090.00
Interest expense278.00229.00225.00225.00235.00254.00254.00251.00225.00228.00
Impairment charge for investments--------------34.0010.0058.00
Impairment charge for:Securities of Furnishings International Inc--------------------
Equity earnings from MascoTech, Inc--------------------
Other, net(6.00)6.000.0011.009.0025.0077.007.0029.003.00
Income from cash and cash investments------------8.006.007.0022.00
Other interest income------------1.001.002.002.00
Income from financial investments, net------------73.009.003.001.00
Loss on early retirement of debt--------------------
Gain from sale of equity investment--------------------
Other items, net------------(5.00)(9.00)17.00(22.00)
Equity earnings--------------------
Equity earnings, other affiliates--------------------
Total Non Operating income (expense)(284.00)(223.00)(225.00)(214.00)(226.00)(229.00)--------
Pre-Tax Income - Foreign------237.00----------(197.00)
Income from continuing operations before income taxes and minority interest885.00830.00689.00507.00386.0073.00(392.00)(741.00)(136.00)(193.00)
Pre-Tax Income - U.S------------------4.00
Deferred- U.S. Federal10.00140.00192.00(401.00)22.0031.00(103.00)190.00(67.00)47.00
Currently payable:Foreign68.0069.0056.0067.0058.0051.0063.00--45.0068.00
Foreign------(10.00)(2.00)----59.00(11.00)(11.00)
Currently payable: U.S. Federal196.0073.0010.003.003.00----(24.00)(21.00)6.00
Currently payable: State and local31.0024.0027.001.002.00(2.00)(1.00)22.0012.0020.00
Deferred: State and local(1.00)2.003.00(21.00)3.007.00--(7.00)(2.00)4.00
Income taxes305.00296.00293.00(361.00)86.0091.00(40.00)240.00(44.00)134.00
Deferred: Foreign1.00(12.00)5.00----4.001.00------
Minority interest--------------------
Income from Continuing Operations580.00534.00396.00868.00300.00(18.00)(352.00)(981.00)(92.00)(327.00)
Adjusted income (loss) from continuing operations (For computation of EPS)--------------(1,025.00)(133.00)(373.00)
Income (loss) from discontinued operations, net of income taxes0.000.00(2.00)35.0029.00(61.00)(181.00)(21.00)(53.00)(25.00)
Cumulative effect of accounting change, net--------------------
Consolidated Net Income (loss)580.00534.00394.00903.00329.00(79.00)(533.00)(1,002.00)(145.00)(352.00)
Net income attributable to noncontrolling interest47.0043.0039.0047.0041.0035.0042.0041.0038.0039.00
Allocation to unvested restricted stock awards (From EPS Notes)5.006.005.0016.006.002.003.003.003.007.00
Discontinued Operations: Allocation to Unvested Restricted Stock Awards------1.00------------
Net Income (Loss) Available to Common Shareholders528.00485.00350.00839.00282.00(116.00)(578.00)(1,046.00)(186.00)(398.00)
Continuing Operations- (Basic)1.681.491.042.310.72(0.16)(1.14)(2.94)(0.38)(1.06)
EPS (BASIC): Income (loss) from discontinued operations, net of income taxes----(0.01)0.100.08(0.17)(0.52)(0.06)(0.15)(0.07)
EPS (BASIC): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Basic)1.681.491.032.400.80(0.33)(1.66)(3.00)(0.53)(1.13)
Continuing Operations- (Diluted)1.661.471.032.280.72(0.16)(1.14)(2.94)(0.38)(1.06)
EPS (DILUTED): Income (loss) from discontinued operations, net of income taxes----(0.01)0.100.08(0.17)(0.52)(0.06)(0.15)(0.07)
EPS (DILUTED): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Diluted)1.661.471.022.380.80(0.33)(1.66)(3.00)(0.53)(1.13)
Basic weighted average shares314.00326.00338.00349.00350.00349.00348.00349.00351.00353.00
Diluted weighted average shares318.00330.00341.00352.00352.00349.00348.00349.00351.00353.00