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MASCO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Net Sales8,680.008,375.007,188.006,707.006,654.006,014.007,361.007,142.007,006.006,761.00
Total Revenue8,680.008,375.007,188.006,707.006,654.006,014.007,361.007,142.007,006.006,761.00
Cost of sales5,967.005,512.004,601.004,336.004,327.003,794.004,899.004,889.004,946.004,802.00
Gross Profit2,713.002,863.002,587.002,371.002,327.002,220.002,462.002,253.002,060.001,959.00
Amortization of acquired goodwill--------------------
Goodwill impairment charge--------------------
Selling, general and administrative expenses1,390.001,413.001,292.001,274.001,250.001,191.001,375.001,339.001,347.001,347.00
(Income) regarding litigation settlement----------------9.00--
Income from planned disposition of a business--------------------
Impairment charges for other intangible assets(26.00)(45.00)--(9.00)--------(1.00)--
Operating (loss) profit1,297.001,405.001,295.001,088.001,077.001,029.001,087.00914.00721.00612.00
Interest expense108.00278.00144.00159.00156.00279.00229.00225.00225.00235.00
Impairment charge for investments--------------------
Impairment charge for:Securities of Furnishings International Inc--------------------
Equity earnings from MascoTech, Inc--------------------
Other, net4.00(439.00)(20.00)(15.00)(14.00)(32.00)(26.00)0.0011.009.00
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)(104.00)(717.00)(164.00)(174.00)(170.00)(311.00)(255.00)(225.00)(214.00)(226.00)
Pre-Tax Income - Foreign----------------237.00--
Income from continuing operations before income taxes and minority interest1,193.00688.001,131.00914.00907.00718.00832.00689.00507.00386.00
Pre-Tax Income - U.S--------------------
Deferred- U.S. Federal------(23.00)12.0012.00140.00192.00(401.00)22.00
Currently payable:Foreign------70.0074.0067.0069.0056.0067.0058.00
Foreign----------2.00----(10.00)(2.00)
Currently payable: U.S. Federal------155.00115.00142.0073.0010.003.003.00
Currently payable: State and local------46.0029.0022.0024.0027.001.002.00
Deferred: State and local------(15.00)----2.003.00(21.00)3.00
Income taxes288.00210.00269.00230.00221.00245.00296.00293.00(361.00)86.00
Deferred: Foreign------(3.00)(9.00)--(12.00)5.00----
Minority interest--------------------
Income from Continuing Operations905.00478.00862.00684.00686.00473.00--396.00868.00300.00
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
Cumulative effect of accounting change, net--------------------
Consolidated Net Income (loss)905.00478.001,276.00980.00784.00580.00536.00394.00903.00329.00
Net income attributable to noncontrolling interest61.0068.0052.0045.0050.0047.0043.0039.0047.0041.00
Allocation to unvested restricted stock awards (From EPS Notes)----3.004.006.004.006.005.0016.006.00
Discontinued Operations: Allocation to Unvested Restricted Stock Awards4.002.006.002.001.001.00----1.00--
Allocation to redeemable noncontrolling interest(2.00)2.00----------------
Net Income (Loss) Available to Common Shareholders842.00406.001,215.00929.00727.00528.00487.00350.00839.00282.00
Continuing Operations- (Basic)3.651.633.052.212.061.34--1.042.310.72
EPS (BASIC): Income (loss) from discontinued operations, net of income taxes----1.551.030.320.34--(0.01)0.100.08
EPS (BASIC): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Basic)3.651.634.603.242.381.681.491.032.400.80
Continuing Operations- (Diluted)3.631.623.042.202.051.33--1.032.280.72
EPS (DILUTED): Income (loss) from discontinued operations, net of income taxes----1.551.020.320.33--(0.01)0.100.08
EPS (DILUTED): Cumulative effect of accounting change, net--------------------
Net Earnings Per Share (Diluted)3.631.624.593.222.371.661.481.022.380.80
Basic weighted average shares231.00249.00264.00287.00305.00314.00326.00338.00349.00350.00
Diluted weighted average shares232.00251.00264.00288.00307.00318.00330.00341.00352.00352.00