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SEC Filings

8-K
DENTSPLY SIRONA INC. filed this Form 8-K on 11/08/2018
Entire Document
 

DENTSPLY SIRONA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts and percentages)
(unaudited)
Three Months Ended Nine Months Ended 
September 30, September 30, 
2018201720182017
Net sales $928.4 $1,009.2 $2,926.6 $2,902.4 
Net sales, excluding precious metal content 920.6 999.8 2,899.1 2,872.2 
Cost of products sold 452.3 450.2 1,383.6 1,307.2 
Gross profit 476.1 559.0 1,543.0 1,595.2 
% of Net sales 51.3 %55.4 %52.7 %55.0 %
% of Net sales, excluding precious metal content 51.7 %55.9 %53.2 %55.5 %
Selling, general and administrative expenses 418.5 430.5 1,285.9 1,252.8 
Goodwill impairment — — 1,085.8 1,092.9 
Restructuring and other costs 12.1 20.6 211.2 105.4 
Operating income (loss) 45.5 107.9 (1,039.9)(855.9)
% of Net sales 4.9 %10.7 %(35.5)%(29.5)%
% of Net sales, excluding precious metal content 4.9 %10.8 %(35.9)%(29.8)%
Net interest and other expense (income) 13.8 10.3 (4.1)34.7 
Income (loss) before income taxes 31.7 97.6 (1,035.8)(890.6)
Provision (benefit) for income taxes 4.2 7.1 (23.4)9.5 
Net income (loss) 27.5 90.5 (1,012.4)(900.1)
% of Net sales 3.0 %9.0 %(34.6)%(31.0)%
% of Net sales, excluding precious metal content 3.0 %9.1 %(34.9)%(31.3)%
Less: Net (loss) income attributable to noncontrolling interests (0.5)(0.1)0.4 (0.5)
Net income (loss) attributable to Dentsply Sirona $28.0 $90.6 $(1,012.8)$(899.6)
% of Net sales 3.0 %9.0 %(34.6)%(31.0)%
% of Net sales, excluding precious metal content 3.0 %9.1 %(34.9)%(31.3)%
Net income (loss) per common share attributable to Dentsply Sirona: 
Basic $0.13 $0.39 $(4.50)$(3.92)
Diluted $0.13 $0.39 $(4.50)$(3.92)
Weighted average common shares outstanding: 
Basic 222.4 229.5 224.9 229.6 
Diluted 223.7 233.1 224.9 229.6 

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