Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Ecolab Inc. (NYSE:ECL)

Income Statement
Quarterly Data

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Ecolab Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel LibreOffice Calc
3 months ended: Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Product and equipment sales 2,426,400  2,167,100  2,930,000  3,142,800  3,117,700  3,092,100  2,886,300  3,107,100  3,101,400  3,060,500  2,859,600  —  —  —  —  —  —  —  —  —  —  —  — 
Service and lease sales 592,200  518,600  651,400  680,800  700,200  667,300  619,100  653,400  645,800  629,100  611,300  —  —  —  —  —  —  —  —  —  —  —  — 
Net sales (legacy) —  —  —  —  —  —  —  —  —  —  —  3,650,700  3,563,300  3,462,700  3,161,600  3,352,100  3,386,100  3,317,200  3,097,400  3,412,000  3,446,400  3,389,100  3,297,600 
Net sales 3,018,600  2,685,700  3,581,400  3,823,600  3,817,900  3,759,400  3,505,400  3,760,500  3,747,200  3,689,600  3,470,900  3,650,700  3,563,300  3,462,700  3,161,600  3,352,100  3,386,100  3,317,200  3,097,400  3,412,000  3,446,400  3,389,100  3,297,600 
Product and equipment cost of sales (1,405,400) (1,301,500) (1,715,900) (1,790,800) (1,792,700) (1,805,800) (1,717,100) (1,820,900) (1,809,800) (1,751,600) (1,696,200) —  —  —  —  —  —  —  —  —  —  —  — 
Service and lease cost of sales (364,200) (334,200) (400,900) (420,300) (414,700) (402,400) (379,600) (395,900) (380,900) (394,500) (376,100) —  —  —  —  —  —  —  —  —  —  —  — 
Cost of sales, including special charges (legacy) —  —  —  —  —  —  —  —  —  —  —  (1,950,700) (1,891,300) (1,871,600) (1,691,500) (1,745,100) (1,737,200) (1,785,200) (1,631,400) (1,831,700) (1,820,000) (1,806,500) (1,765,300)
Cost of sales, including special charges (1,769,600) (1,635,700) (2,116,800) (2,211,100) (2,207,400) (2,208,200) (2,096,700) (2,216,800) (2,190,700) (2,146,100) (2,072,300) (1,950,700) (1,891,300) (1,871,600) (1,691,500) (1,745,100) (1,737,200) (1,785,200) (1,631,400) (1,831,700) (1,820,000) (1,806,500) (1,765,300)
Gross profit 1,249,000  1,050,000  1,464,600  1,612,500  1,610,500  1,551,200  1,408,700  1,543,700  1,556,500  1,543,500  1,398,600  1,700,000  1,672,000  1,591,100  1,470,100  1,607,000  1,648,900  1,532,000  1,466,000  1,580,300  1,626,400  1,582,600  1,532,300 
Selling, general and administrative expenses (802,600) (788,600) (1,015,000) (991,100) (962,500) (1,002,700) (1,001,200) (948,800) (964,700) (1,036,800) (1,018,300) (1,123,900) (1,087,300) (1,115,300) (1,090,600) (1,046,300) (1,071,600) (1,093,300) (1,088,200) (1,058,800) (1,070,700) (1,079,200) (1,136,800)
Special gains and (charges) (35,000) (69,400) (52,400) (61,000) (60,400) (49,900) (40,300) (13,000) (75,600) (12,100) (26,000) 51,600  (4,900) (36,800) (6,200) (3,800) (3,200) (26,200) (6,300) (198,700) (142,700) (65,600) (7,800)
Operating income 411,400  192,000  397,200  560,400  587,600  498,600  367,200  581,900  516,200  494,600  354,300  627,700  579,800  439,000  373,300  556,900  574,100  412,500  371,500  322,800  413,000  437,800  387,700 
Other income (expense) 15,100  15,100  15,200  13,400  20,800  20,900  21,200  19,900  21,000  19,600  19,400  —  —  —  —  —  —  —  —  —  —  —  — 
Interest expense, net (134,800) (58,700) (48,100) (46,200) (46,100) (49,500) (49,400) (53,900) (55,700) (56,300) (56,400) (77,800) (55,100) (59,600) (62,500) (68,300) (64,900) (65,300) (66,100) (62,300) (57,600) (61,200) (62,500)
Income before income taxes 291,700  148,400  364,300  527,600  562,300  470,000  339,000  547,900  481,500  457,900  317,300  549,900  524,700  379,400  310,800  488,600  509,200  347,200  305,400  260,500  355,400  376,600  325,200 
Provision for income taxes (42,400) (14,100) (74,100) (93,300) (93,000) (97,800) (38,600) (147,700) (43,200) (104,300) (69,100) 21,800  (128,900) (81,300) (54,000) (116,600) (129,700) (83,600) (73,400) (37,600) (105,300) (67,800) (89,800)
Net income from continuing operations 249,300  134,300  290,200  434,300  469,300  372,200  300,400  400,200  438,300  353,600  248,200  571,700  395,800  298,100  256,800  372,000  379,500  263,600  232,000  222,900  250,100  308,800  235,400 
Net loss from discontinued operations, net of tax —  (2,163,900) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Net income (loss) including noncontrolling interest 249,300  (2,029,600) 290,200  434,300  469,300  372,200  300,400  400,200  438,300  353,600  248,200  571,700  395,800  298,100  256,800  372,000  379,500  263,600  232,000  222,900  250,100  308,800  235,400 
Net (income) loss attributable to noncontrolling interest (3,100) (5,400) (6,800) (4,700) (5,100) (3,600) (3,900) (5,100) (2,900) (2,300) (900) (5,800) (3,400) (1,500) (3,300) (5,700) (5,400) (5,200) (1,200) (14,000) 7,700  (6,800) (2,000)
Net income (loss) attributable to Ecolab 246,200  (2,035,000) 283,400  429,600  464,200  368,600  296,500  395,100  435,400  351,300  247,300  565,900  392,400  296,600  253,500  366,300  374,100  258,400  230,800  208,900  257,800  302,000  233,400 

Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-07), 10-K (filing date: 2020-02-28), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-03-01), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-02-26), 10-Q (filing date: 2015-11-02), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Ecolab Inc.’s net sales decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Ecolab Inc.’s operating income decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Ecolab Inc.’s income before income taxes decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Net income (loss) attributable to Ecolab The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Ecolab Inc.’s net income (loss) attributable to Ecolab decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.