VALSPAR CORP

Delisted

CIK 102741fmd_07M99VQ1G9WAHBVY5BGS0FT24FManufacturing · Paints, Varnishes, Lacquers, Enamels & Allied ProdsTemplate: Standard

Coverage: Oct 27, 2007 to Apr 28, 2017, 33 periods

Income Statement · Annual · Millions · USD
Line item	FY2008	FY2009	FY2010	FY2011	FY2012	FY2013	FY2014	FY2015	FY2016
Total revenues	3,482	2,879	3,227	3,953	4,021	4,195	4,626	4,393	4,191
Cost of revenue	2,505	1,900	2,155	2,684	2,651	2,814	3,087	2,841	2,655
Gross profit	977	979	1,072	1,232	1,354	1,358	1,539	1,551	1,536
Research and development	97	91	100	115	123	128	136	133	139
Selling, general and administrative	588	597	595	737	738	721	843	818	867
Total operating expenses	–	688	696	862	871	866	979	951	1,007
Operating income	293	291	376	(40)	482	492	560	648	529
Interest expense	58	50	58	62	68	65	65	81	91
Other non-operating income (expense)	(7)	(2)	1	(2)	3	(4)	(3)	(3)	(4)
Income before taxes	229	238	319	(103)	417	424	492	564	435
Income tax expense	78	78	97	35	125	135	146	164	81
Net income from continuing operations	151	160	222	(139)	292	289	345	400	353
Net income	151	160	222	(139)	292	289	345	400	353
Net income to common shareholders	139	150	222	(139)	–	–	–	–	–