XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Products net sales $ 2,440.7 $ 2,135.0 $ 4,666.4 $ 4,264.7
Services net sales 461.8 436.6 909.9 845.4
Total net sales 2,902.5 2,571.6 5,576.3 5,110.1
Products cost of sales (exclusive of depreciation and amortization) 1,882.8 1,641.7 3,628.7 3,310.0
Services cost of sales (exclusive of depreciation and amortization) 357.5 331.7 712.2 643.6
Total cost of sales 2,240.3 1,973.4 4,340.9 3,953.6
Products gross profit 557.9 493.3 1,037.7 954.7
Services gross profit 104.3 104.9 197.7 201.8
Total gross profit 662.2 598.2 1,235.4 1,156.5
Selling, general and administrative expenses (exclusive of depreciation and amortization) 339.3 294.2 655.8 576.4
Restructuring, impairment and other charges-net (Note 6) 22.8 19.8 68.0 42.5
Depreciation and amortization 121.9 111.0 237.4 224.6
Income from operations 178.2 173.2 274.2 313.0
Interest expense-net 70.8 65.5 141.8 128.3
Investment and other expense-net 2.3 6.0 6.9 9.5
Loss on debt extinguishment     77.1 35.6
Earnings before income taxes 105.1 101.7 48.4 139.6
Income tax expense 39.5 35.2 16.0 47.8
Net earnings 65.6 66.5 32.4 91.8
Less: Income (loss) attributable to noncontrolling interests 0.9 1.1 (3.3) (0.7)
Net earnings attributable to RR Donnelley common shareholders $ 64.7 $ 65.4 $ 35.7 $ 92.5
Net earnings per share attributable to RR Donnelley common shareholders (Note 10):        
Basic net earnings per share $ 0.32 $ 0.36 $ 0.18 $ 0.51
Diluted net earnings per share $ 0.32 $ 0.36 $ 0.18 $ 0.51
Dividends declared per common share $ 0.26 $ 0.26 $ 0.52 $ 0.52
Weighted average number of common shares outstanding:        
Basic 200.2 182.0 196.7 181.6
Diluted 201.4 183.2 198.2 183.1