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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

NOTE 19 – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes our unaudited consolidated quarterly results of operations as reported for 2017 and 2016:

 

In millions, except per share data

 

 

First Quarter 2017

 

 

Second Quarter 2017

 

 

Third Quarter 2017

 

 

Fourth Quarter 2017

 

 

Year 2017

 

Revenues

$

892.4

 

 

$

917.7

 

 

$

882.8

 

 

$

887.8

 

 

$

3,580.7

 

Gross profit

 

368.7

 

 

 

381.8

 

 

 

368.0

 

 

 

344.0

 

 

 

1,462.5

 

Business Transformation

 

-

 

 

 

-

 

 

 

(4.2

)

 

 

(27.1

)

 

 

(31.3

)

Intangible Amortization

 

(29.1

)

 

 

(29.5

)

 

 

(29.9

)

 

 

(29.9

)

 

 

(118.4

)

Acquisitions and Integration

 

(11.5

)

 

 

(11.2

)

 

 

(10.8

)

 

 

(7.2

)

 

 

(40.7

)

Operational Optimization

 

(10.9

)

 

 

(25.5

)

 

 

(16.0

)

 

 

(18.7

)

 

 

(71.1

)

Divestitures

 

-

 

 

 

(3.6

)

 

 

(9.1

)

 

 

3.2

 

 

 

(9.5

)

Litigation, Settlements and Regulatory Compliance

 

(1.9

)

 

 

(301.7

)

 

 

(1.4

)

 

 

(22.7

)

 

 

(327.7

)

Impairment

 

-

 

 

 

-

 

 

 

-

 

 

 

(65.0

)

 

 

(65.0

)

Other

 

(2.5

)

 

 

(3.9

)

 

 

(10.9

)

 

 

(7.5

)

 

 

(24.8

)

Net income attributable to Stericycle, Inc.

 

58.2

 

 

 

(144.0

)

 

 

39.0

 

 

 

89.2

 

 

 

42.4

 

Capital Allocation (Preferred stock dividend)

 

(9.4

)

 

 

(9.2

)

 

 

(8.9

)

 

 

(8.8

)

 

 

(36.3

)

Net income attributable to Stericycle, Inc. common shareholders

 

53.4

 

 

 

(148.8

)

 

 

35.5

 

 

 

83.3

 

 

 

23.4

 

* Basic earnings per common share

$

0.63

 

 

$

(1.74

)

 

$

0.42

 

 

$

0.98

 

 

$

0.27

 

* Diluted earnings per common share

$

0.62

 

 

$

(1.74

)

 

$

0.41

 

 

$

0.97

 

 

$

0.27

 

 

In millions, except per share data

 

 

First Quarter 2016

 

 

Second Quarter 2016

 

 

Third Quarter 2016

 

 

Fourth Quarter 2016

 

 

Year 2016

 

Revenues

$

874.2

 

 

$

891.6

 

 

$

890.1

 

 

$

906.4

 

 

$

3,562.3

 

Gross profit

 

366.6

 

 

 

377.6

 

 

 

376.0

 

 

 

366.7

 

 

 

1,486.9

 

Intangible Amortization

 

(18.3

)

 

 

(50.9

)

 

 

(33.1

)

 

 

(27.0

)

 

 

(129.3

)

Acquisitions and Integration

 

(11.3

)

 

 

(18.5

)

 

 

(16.2

)

 

 

(14.9

)

 

 

(60.9

)

Operational Optimization

 

(8.5

)

 

 

(20.4

)

 

 

(16.4

)

 

 

(13.8

)

 

 

(59.1

)

Divestitures

 

-

 

 

 

-

 

 

 

-

 

 

 

(27.1

)

 

 

(27.1

)

Litigation, Settlements and Regulatory Compliance

 

(1.3

)

 

 

(2.7

)

 

 

(1.4

)

 

 

(1.8

)

 

 

(7.2

)

Impairment

 

-

 

 

 

-

 

 

 

-

 

 

 

(1.4

)

 

 

(1.4

)

Other

 

-

 

 

 

-

 

 

 

-

 

 

 

(8.8

)

 

 

(8.8

)

Net income attributable to Stericycle, Inc.

 

76.8

 

 

 

46.0

 

 

 

64.8

 

 

 

18.7

 

 

 

206.3

 

Capital Allocation (Preferred stock dividend)

 

(10.1

)

 

 

(10.0

)

 

 

(9.7

)

 

 

(9.6

)

 

 

(39.4

)

Net income attributable to Stericycle, Inc. common shareholders

 

66.7

 

 

 

37.3

 

 

 

61.5

 

 

 

12.7

 

 

 

178.2

 

* Basic earnings per common share

$

0.79

 

 

$

0.44

 

 

$

0.72

 

 

$

0.15

 

 

$

2.10

 

* Diluted earnings per common share

$

0.78

 

 

$

0.43

 

 

$

0.72

 

 

$

0.15

 

 

$

2.08

 

 

*

EPS calculated on a quarterly basis, and, as such, the amounts may not total the calculated full-year EPS.