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MASCO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Net Sales8,375.007,188.006,707.006,654.006,014.007,361.007,142.007,006.006,761.007,495.00
Total Revenue8,375.007,188.006,707.006,654.006,014.007,361.007,142.007,006.006,761.007,495.00
Cost of sales5,512.004,601.004,336.004,327.003,794.004,899.004,889.004,946.004,802.005,539.00
Gross Profit2,863.002,587.002,371.002,327.002,220.002,462.002,253.002,060.001,959.001,956.00
Amortization of acquired goodwill--------------------
Goodwill impairment charge--------------------
Selling, general and administrative expenses1,413.001,292.001,274.001,250.001,191.001,375.001,339.001,347.001,347.001,535.00
(Income) regarding litigation settlement--------------9.00--(77.00)
Income from planned disposition of a business--------------------
Impairment charges for other intangible assets(45.00)--(9.00)--------(1.00)--(42.00)
Operating (loss) profit1,405.001,295.001,088.001,077.001,029.001,087.00914.00721.00612.00302.00
Interest expense278.00144.00159.00156.00279.00229.00225.00225.00235.00254.00
Impairment charge for investments--------------------
Impairment charge for:Securities of Furnishings International Inc--------------------
Equity earnings from MascoTech, Inc--------------------
Other, net(439.00)(20.00)(15.00)(14.00)(32.00)(26.00)0.0011.009.0025.00
Income from cash and cash investments--------------------
Other interest income--------------------
Income from financial investments, net--------------------
Loss on early retirement of debt--------------------
Gain from sale of equity investment--------------------
Other items, net--------------------
Equity earnings--------------------
Equity earnings, other affiliates--------------------
Total Non Operating income (expense)(717.00)(164.00)(174.00)(170.00)(311.00)(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 interest688.001,131.00914.00907.00718.00832.00689.00507.00386.0073.00
Pre-Tax Income - U.S--------------------
Deferred- U.S. Federal(57.00)(9.00)(23.00)12.0012.00140.00192.00(401.00)22.0031.00
Currently payable:Foreign93.0069.0070.0074.0067.0069.0056.0067.0058.0051.00
Foreign--------2.00----(10.00)(2.00)--
Currently payable: U.S. Federal145.00170.00155.00115.00142.0073.0010.003.003.00--
Currently payable: State and local40.0033.0046.0029.0022.0024.0027.001.002.00(2.00)
Deferred: State and local(10.00)11.00(15.00)----2.003.00(21.00)3.007.00
Income taxes210.00269.00230.00221.00245.00296.00293.00(361.00)86.0091.00
Deferred: Foreign(1.00)(5.00)(3.00)(9.00)--(12.00)5.00----4.00
Minority interest--------------------
Income from Continuing Operations478.00862.00684.00686.00473.00--396.00868.00300.00(18.00)
Adjusted income (loss) from continuing operations (For computation of EPS)--------------------
Income (loss) from discontinued operations, net of income taxes--414.00296.0098.00107.00--(2.00)35.0029.00(61.00)
Cumulative effect of accounting change, net--------------------
Consolidated Net Income (loss)478.001,276.00980.00784.00580.00536.00394.00903.00329.00(79.00)
Net income attributable to noncontrolling interest68.0052.0045.0050.0047.0043.0039.0047.0041.0035.00
Allocation to unvested restricted stock awards (From EPS Notes)2.006.004.006.004.006.005.0016.006.002.00
Discontinued Operations: Allocation to Unvested Restricted Stock Awards--3.002.001.001.00----1.00----
Allocation to redeemable noncontrolling interest2.00------------------
Net Income (Loss) Available to Common Shareholders406.001,215.00929.00727.00528.00487.00350.00839.00282.00(116.00)
Continuing Operations- (Basic)1.633.052.212.061.34--1.042.310.72(0.16)
EPS (BASIC): Income (loss) from discontinued operations, net of income taxes--1.551.030.320.34--(0.01)0.100.08(0.17)
EPS (BASIC): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Basic)1.634.603.242.381.681.491.032.400.80(0.33)
Continuing Operations- (Diluted)1.623.042.202.051.33--1.032.280.72(0.16)
EPS (DILUTED): Income (loss) from discontinued operations, net of income taxes--1.551.020.320.33--(0.01)0.100.08(0.17)
EPS (DILUTED): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Diluted)1.624.593.222.371.661.481.022.380.80(0.33)
Basic weighted average shares249.00264.00287.00305.00314.00326.00338.00349.00350.00349.00
Diluted weighted average shares251.00264.00288.00307.00318.00330.00341.00352.00352.00349.00