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WATTS WATER TEC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Net Sales1,508.601,600.501,564.901,456.701,398.401,467.701,513.701,473.501,427.401,407.40
Total Revenues1,508.601,600.501,564.901,456.701,398.401,467.701,513.701,473.501,427.401,407.40
Cost of goods sold883.20923.00908.40854.30832.80914.60971.90947.00913.90899.00
Gross Profit625.40677.50656.50602.40565.60553.10541.80526.50513.50508.40
Goodwill impairment charge------1.000.50130.5014.201.203.402.30
Selling, general and administrative expenses432.40476.10464.70432.30424.10491.30407.00405.10382.60371.50
Restructuring and other charges9.904.303.406.804.7021.4015.208.704.208.80
Gain on disposal of business(0.60)------8.70--------7.70
Other long-lived asset impairment charge(1.40)------------------
Total Operating Expenses444.30480.40468.10439.10420.60643.20436.40111.50390.20374.90
Operating Income (Loss)181.10197.10188.40162.30145.00(90.10)105.40--123.30133.50
Interest expense13.3014.1016.3019.1022.6024.3019.9021.5024.6025.80
Minority interest--------------------
Interest income0.200.400.801.001.001.000.700.600.701.00
Other(1.00)0.501.70(1.10)4.402.40(3.10)(2.80)0.80(0.80)
Total other expense (Non-operating)14.1013.2013.8019.2017.2020.9022.3023.7023.1025.60
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND NONCONTROLLING INTEREST167.00183.90174.60143.10127.80(111.00)83.1087.80100.20107.90
Provision for income taxes52.7052.4046.6070.0043.601.9032.8026.9029.8030.70
Current tax expense:Foreign25.3025.5029.0017.3017.2018.1020.40--21.5018.30
Deferred tax expense (benefit):Foreign(6.70)(2.10)(7.70)8.500.60(7.00)(5.20)--(3.50)(3.00)
Current tax expense:Federal13.4018.7024.7042.1018.303.4012.80--5.006.90
Current tax expense:State6.906.407.704.203.902.002.70--1.301.80
Deferred tax expense (benefit):Federal14.802.50(3.20)4.003.60(13.60)2.10--4.405.50
Deferred tax expense (benefit):State(1.00)1.40(1.90)5.900.00(1.00)0.00--1.101.20
Deferred tax remeasurement of the 2017 Tax Act------(12.00)------------
Income from Continuing Operations--------------60.9070.4077.20
Loss from discontinued operations, net of taxes--------------(2.30)(2.00)(10.80)
Net income before noncontrolling interest114.30131.50128.0073.1084.20(112.90)50.30--68.40--
Plus: Net loss attributable to the noncontrolling interest--------------------
NET INCOME ATTRIBUTABLE TO WATTS WATER TECHNOLOGIES, INC114.30131.50128.0073.1084.20(112.90)50.3058.6068.4066.40
Earnings Per Share (Basic) - Cont Ops--------------1.721.962.07
EPS (Basic) : Disc Ops--------------(0.06)(0.06)(0.29)
Basic EPS3.373.863.732.122.45(3.24)1.421.651.901.78
Earnings Per Share (Diluted) - Cont Ops--------------1.711.952.06
Earnings Per Share (Diluted) - Disc Ops--------------(0.07)(0.05)(0.28)
Diluted EPS3.363.853.732.122.44(3.24)1.421.651.901.78
Weighted average number of shares:Basic33.9034.1034.3034.4034.4034.9035.3035.5036.0037.30
Weighted average number of shares:Diluted34.0034.2034.3034.4034.5034.9035.4035.6036.1037.50