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MASCO   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
Net Sales8,359.007,642.007,361.007,142.007,006.006,761.007,495.007,170.007,486.007,657.00
Total Revenue8,359.007,642.007,361.007,142.007,006.006,761.007,495.007,170.007,486.007,657.00
Cost of sales5,670.005,030.004,899.004,889.004,946.004,802.005,539.005,383.005,653.005,647.00
Gross Profit2,689.002,612.002,462.002,253.002,060.001,959.001,956.001,787.001,833.002,010.00
Amortization of acquired goodwill--------------------
Goodwill impairment charge--------------450.00698.00262.00
Selling, general and administrative expenses1,478.001,418.001,375.001,339.001,347.001,347.001,535.001,543.001,598.001,678.00
(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) profit1,211.001,194.001,087.00914.00721.00612.00302.00(215.00)(463.00)70.00
Interest expense156.00278.00229.00225.00225.00235.00254.00254.00251.00225.00
Impairment charge for investments----------------34.0010.00
Impairment charge for:Securities of Furnishings International Inc--------------------
Equity earnings from MascoTech, Inc--------------------
Other, net(13.00)(32.00)(26.00)0.0011.009.0025.0077.007.0029.00
Income from cash and cash investments--------------8.006.007.00
Other interest income--------------1.001.002.00
Income from financial investments, net--------------73.009.003.00
Loss on early retirement of debt--------------------
Gain from sale of equity investment--------------------
Other items, net--------------(5.00)(9.00)17.00
Equity earnings--------------------
Equity earnings, other affiliates--------------------
Total Non Operating income (expense)(169.00)(310.00)(255.00)(225.00)(214.00)(226.00)(229.00)------
Pre-Tax Income - Foreign--------237.00----------
Income from continuing operations before income taxes and minority interest1,042.00884.00832.00689.00507.00386.0073.00(392.00)(741.00)(136.00)
Pre-Tax Income - U.S--------------------
Deferred- U.S. Federal12.0012.00140.00192.00(401.00)22.0031.00(103.00)190.00(67.00)
Currently payable:Foreign74.0068.0069.0056.0067.0058.0051.0063.00--45.00
Foreign--------(10.00)(2.00)----59.00(11.00)
Currently payable: U.S. Federal144.00193.0073.0010.003.003.00----(24.00)(21.00)
Currently payable: State and local36.0030.0024.0027.001.002.00(2.00)(1.00)22.0012.00
Deferred: State and local----2.003.00(21.00)3.007.00--(7.00)(2.00)
Income taxes258.00304.00296.00293.00(361.00)86.0091.00(40.00)240.00(44.00)
Deferred: Foreign(8.00)1.00(12.00)5.00----4.001.00----
Minority interest--------------------
Income from Continuing Operations------396.00868.00300.00(18.00)(352.00)(981.00)(92.00)
Adjusted income (loss) from continuing operations (For computation of EPS)----------------(1,025.00)(133.00)
Income (loss) from discontinued operations, net of income taxes------(2.00)35.0029.00(61.00)(181.00)(21.00)(53.00)
Cumulative effect of accounting change, net--------------------
Consolidated Net Income (loss)784.00580.00536.00394.00903.00329.00(79.00)(533.00)(1,002.00)(145.00)
Net income attributable to noncontrolling interest50.0047.0043.0039.0047.0041.0035.0042.0041.0038.00
Allocation to unvested restricted stock awards (From EPS Notes)7.005.006.005.0016.006.002.003.003.003.00
Discontinued Operations: Allocation to Unvested Restricted Stock Awards--------1.00----------
Net Income (Loss) Available to Common Shareholders727.00528.00487.00350.00839.00282.00(116.00)(578.00)(1,046.00)(186.00)
Continuing Operations- (Basic)------1.042.310.72(0.16)(1.14)(2.94)(0.38)
EPS (BASIC): Income (loss) from discontinued operations, net of income taxes------(0.01)0.100.08(0.17)(0.52)(0.06)(0.15)
EPS (BASIC): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Basic)2.381.681.491.032.400.80(0.33)(1.66)(3.00)(0.53)
Continuing Operations- (Diluted)------1.032.280.72(0.16)(1.14)(2.94)(0.38)
EPS (DILUTED): Income (loss) from discontinued operations, net of income taxes------(0.01)0.100.08(0.17)(0.52)(0.06)(0.15)
EPS (DILUTED): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Diluted)2.371.661.481.022.380.80(0.33)(1.66)(3.00)(0.53)
Basic weighted average shares305.00314.00326.00338.00349.00350.00349.00348.00349.00351.00
Diluted weighted average shares307.00318.00330.00341.00352.00352.00349.00348.00349.00351.00