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10-Q
KOPPERS HOLDINGS INC. filed this Form 10-Q on 11/09/2017
Entire Document
 

 

Condensed Consolidating Statement of Operations

For the Nine Months Ended September 30, 2017

 

 

 

Parent

 

 

Koppers Inc.

 

 

Domestic

Guarantor

Subsidiaries

 

 

Non-Guarantor

Subsidiaries

 

 

Consolidating

Adjustments

 

 

Consolidated

 

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

0.0

 

 

$

455.2

 

 

$

267.4

 

 

$

451.1

 

 

$

(64.3

)

 

$

1,109.4

 

Cost of sales including depreciation

   and amortization

 

 

0.0

 

 

 

426.3

 

 

 

183.7

 

 

 

357.0

 

 

 

(62.6

)

 

 

904.4

 

Loss on pension settlement

 

 

0.0

 

 

 

8.8

 

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

8.8

 

Selling, general and administrative

 

 

1.5

 

 

 

34.5

 

 

 

30.5

 

 

 

29.8

 

 

 

0.0

 

 

 

96.3

 

Operating profit (loss)

 

 

(1.5

)

 

 

(14.4

)

 

 

53.2

 

 

 

64.3

 

 

 

(1.7

)

 

 

99.9

 

Other income

 

 

0.0

 

 

 

0.4

 

 

 

1.8

 

 

 

1.9

 

 

 

(0.8

)

 

 

3.3

 

Equity income (loss) of subsidiaries

 

 

44.8

 

 

 

81.2

 

 

 

47.3

 

 

 

0.0

 

 

 

(173.3

)

 

 

0.0

 

Interest expense

 

 

(0.1

)

 

 

29.5

 

 

 

0.1

 

 

 

3.2

 

 

 

(0.8

)

 

 

31.9

 

Loss on extinguishment of debt

 

 

0.0

 

 

 

13.3

 

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

13.3

 

Income taxes

 

 

(0.5

)

 

 

(20.4

)

 

 

20.2

 

 

 

13.1

 

 

 

0.0

 

 

 

12.4

 

Income from continuing operations

 

 

43.9

 

 

 

44.8

 

 

 

82.0

 

 

 

49.9

 

 

 

(175.0

)

 

 

45.6

 

Discontinued operations

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

(1.3

)

 

 

0.0

 

 

 

(1.3

)

Noncontrolling interests

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

0.4

 

 

 

0.0

 

 

 

0.4

 

Net income attributable to Koppers

 

$

43.9

 

 

$

44.8

 

 

$

82.0

 

 

$

48.2

 

 

$

(175.0

)

 

$

43.9

 

Comprehensive income

   attributable to Koppers

 

$

73.1

 

 

$

74.2

 

 

$

104.5

 

 

$

66.4

 

 

$

(245.1

)

 

$

73.1

 

 

Condensed Consolidating Statement of Operations

For the Nine Months Ended September 30, 2016

 

 

 

Parent

 

 

Koppers Inc.

 

 

Domestic

Guarantor

Subsidiaries

 

 

Non-Guarantor

Subsidiaries

 

 

Consolidating

Adjustments

 

 

Consolidated

 

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

0.0

 

 

$

515.2

 

 

$

272.0

 

 

$

391.6

 

 

$

(75.8

)

 

$

1,103.0

 

Cost of sales including depreciation

   and amortization

 

 

0.0

 

 

 

499.8

 

 

 

195.4

 

 

 

326.4

 

 

 

(77.1

)

 

 

944.5

 

Gain on sale of business

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

(2.1

)

 

 

0.0

 

 

 

(2.1

)

Selling, general and administrative

 

 

1.3

 

 

 

31.5

 

 

 

27.9

 

 

 

32.4

 

 

 

0.0

 

 

 

93.1

 

Operating profit (loss)

 

 

(1.3

)

 

 

(16.1

)

 

 

48.7

 

 

 

34.9

 

 

 

1.3

 

 

 

67.5

 

Other income

 

 

0.0

 

 

 

0.2

 

 

 

3.5

 

 

 

(0.2

)

 

 

(1.3

)

 

 

2.2

 

Equity income of subsidiaries

 

 

24.2

 

 

 

77.2

 

 

 

23.3

 

 

 

0.0

 

 

 

(124.7

)

 

 

0.0

 

Interest expense

 

 

0.0

 

 

 

36.1

 

 

 

0.0

 

 

 

3.5

 

 

 

(1.3

)

 

 

38.3

 

Income taxes

 

 

0.0

 

 

 

1.3

 

 

 

0.4

 

 

 

8.8

 

 

 

0.0

 

 

 

10.5

 

Income from continuing operations

 

 

22.9

 

 

 

23.9

 

 

 

75.1

 

 

 

22.4

 

 

 

(123.4

)

 

 

20.9

 

Discontinued operations

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

0.5

 

 

 

0.0

 

 

 

0.5

 

Noncontrolling interests

 

 

0.0

 

 

 

0.0

 

 

 

0.0

 

 

 

(1.5

)

 

 

0.0

 

 

 

(1.5

)

Net income attributable to Koppers

 

$

22.9

 

 

$

23.9

 

 

$

75.1

 

 

$

24.4

 

 

$

(123.4

)

 

$

22.9

 

Comprehensive income

   attributable to Koppers

 

$

33.1

 

 

$

34.4

 

 

$

84.7

 

 

$

27.8

 

 

$

(146.9

)

 

$

33.1

 

24