Quad/Graphics Statements
QU
Quad/Graphics Income Statement
B
M
USD (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
634.2
100
493.9
77.9
140.3
22.1
—
0
88.7
14
115.1
18.1
25.2
4
-17.2
-2.7
0.2
0.03
-1.9
-0.3
0.9
0.1
-2.8
-0.4
-0.059
47.7
654.8
100
521.3
79.6
133.5
20.4
—
0
83.1
12.7
111.7
17.1
21.8
3.3
-15.2
-2.3
0.2
0.03
-25.7
-3.9
2.4
0.4
-28.1
-4.3
-0.595
47.2
787.9
100
633.1
80.4
154.8
19.6
—
0
89.5
11.4
120.6
15.3
34.2
4.3
-19
-2.4
0.4
0.05
-15.1
-1.9
6.9
0.9
-22
-2.8
-0.466
47.2
700.2
100
560.8
80.1
139.4
19.9
—
0
82.5
11.8
114.5
16.4
24.9
3.6
-17.7
-2.5
0.5
0.07
-3.5
-0.5
-0.8
-0.1
-2.7
-0.4
-0.06
48
703.1
100
569.8
81
133.3
19
—
0
83.3
11.8
115.3
16.4
18
2.6
-17
-2.4
0.4
0.06
-8.2
-1.2
-2.1
-0.3
-6.1
-0.9
-0.12
49.3
766.5
100
617.5
80.6
149
19.4
—
0
89.2
11.6
122.9
16
26.1
3.4
-16.3
-2.1
0.4
0.05
-15.8
-2.06
8.8
1.1
-24.6
-3.2
-0.5
49.2
885.2
100
707.6
79.9
177.6
20.1
—
0
101.8
11.5
136.5
15.4
41.1
4.6
-16.1
-1.8
3.1
0.4
-4.3
-0.5
4.4
0.5
-8.7
-1
-0.18
49.2
829.9
100
673.5
81.2
156.4
18.8
—
0
90.8
10.9
125.6
15.1
30.8
3.7
-12.1
-1.5
3.2
0.4
16.3
2
2.6
0.3
13.7
1.7
0.27
51.6
757.7
100
618.1
81.6
139.6
18.4
—
0
86.9
11.5
122.2
16.1
17.4
2.3
-10.9
-1.4
3.1
0.4
6.4
0.8
1.1
0.1
5.3
0.7
0.1
54.1
744.2
100
619.6
83.3
124.6
16.7
—
0
79.1
10.6
115.6
15.5
9
1.2
-9.3
-1.2
3.2
0.4
-0.7
-0.09
0.3
0.04
-1
-0.1
-0.02
51.5
854.6
100
701.8
82.1
152.8
17.9
—
0
96.7
11.3
134.7
15.8
18.1
2.1
-14.5
-1.7
3.5
0.4
-15.9
-1.9
5.4
0.6
-21.1
-2.5
-0.41
51.3
706.1
100
574.1
81.3
132
18.7
—
0
68.7
9.7
107.4
15.2
24.6
3.5
-15
-2.1
3.4
0.5
16.4
2.3
2.3
0.3
14.3
2
0.27
53.1
693.9
100
554.2
79.9
139.7
20.1
—
0
80.1
11.5
118.8
17.1
20.9
3
-15.6
-2.2
3.5
0.5
35.9
5.2
1.3
0.2
34.4
5
0.66
52.5
705.8
100
559.8
79.3
146
20.7
—
0
80.5
11.4
122.4
17.3
23.6
3.3
-14.5
-2.05
4.1
0.6
10.6
1.5
0.5
0.07
10.2
1.4
0.19
52.8
843.3
100
682.9
81
160.4
19
—
0
97.1
11.5
139.8
16.6
20.6
2.4
-16.6
-2
2.5
0.3
-68.6
-8.1
17.8
2.1
-94
-11.1
-1.85
50.6
679.3
100
543.3
80
136
20
—
0
75.1
11.1
119.9
17.7
16.1
2.4
-17.9
-2.6
2.7
0.4
-8.9
-1.3
-12
-1.8
1.6
0.2
0.05
51.1
584.5
100
460.9
78.9
123.6
21.1
—
0
63.3
10.8
110
18.8
13.6
2.3
-16.2
-2.8
2.6
0.4
-18.8
-3.2
-4.3
-0.7
-23.5
-4.02
-0.46
50.7
822.5
100
647.7
78.7
174.8
21.3
—
0
99.6
12.1
147
17.9
27.8
3.4
-18.1
-2.2
2.7
0.3
-9.8
-1.2
-1.2
-0.1
-12.4
-1.5
-0.24
50.5
1 069.9
100
867.9
81.1
202
18.9
—
0
107.1
10
157.3
14.7
44.7
4.2
-20.4
-1.9
1.5
0.1
10.1
0.9
3.6
0.3
7.5
0.7
0.14
50
943.6
100
764.5
81
179.1
19
—
0
99.6
10.6
151.8
16.1
27.3
2.9
-22
-2.3
1.5
0.2
-64.5
-6.8
-17.6
-1.9
-126.5
-13.4
-2.52
50.1
948.9
100
771.5
81.3
177.4
18.7
—
0
96.4
10.2
149.3
15.7
28.1
3
-25.8
-2.7
1.5
0.2
-5.6
-0.6
-3.2
-0.3
-14.8
-1.6
-0.29
50.1
961
100
788.3
82
172.7
18
—
0
94.5
9.8
148.7
15.5
24
2.5
-21.8
-2.3
1.5
0.2
-19.8
-2.06
-7.2
-0.7
-22.5
-2.3
-0.45
49.6
1 124.9
100
917.1
81.5
207.8
18.5
—
0
90.1
8
143
12.7
64.8
5.8
-19.3
-1.7
3.1
0.3
-14.1
-1.3
-1.8
-0.2
-20.8
-1.8
-0.42
49.2
973.5
100
777
79.8
196.5
20.2
—
0
89.2
9.2
144.2
14.8
52.3
5.4
-18.3
-1.9
3.1
0.3
31.8
3.3
4.5
0.5
23.4
2.4
0.45
51.1
919.9
100
734.9
79.9
185
20.1
—
0
92.7
10.1
143.5
15.6
41.5
4.5
-18.3
-2
3.1
0.3
15.9
1.7
-1
-0.1
9.4
1
0.17
53.4
967.5
100
792.4
81.9
175.1
18.1
—
0
86.9
9
143.1
14.8
32
3.3
-17.3
-1.8
3.1
0.3
-7.1
-0.7
-3.3
-0.3
-3.5
-0.4
-0.07
50.1
984
760.4
223.6
—
106.1
149.1
74.5
-17.3
9.6
29.4
-7.2
55.3
1.05
52.4
1 005.4
784.8
220.6
—
104.9
163.2
57.4
-17.8
—
31.6
11.8
19.8
0.38
51.5
963.2
765
198.2
—
104.3
162.8
35.4
-17.6
2.6
15.1
8.3
6.7
0.13
51.7
998.6
781.1
217.5
—
96
154.7
62.8
-18.2
—
32.8
6.7
25.4
0.49
51.5
1 198.3
945.4
252.9
—
112.7
172.4
80.5
-18.3
—
44
7.4
37.5
0.73
51.3
1 056.4
824.9
231.5
—
109.9
171.6
59.9
-19.6
—
14.2
2.9
11.3
0.22
50.6
1 032.3
821
211.3
—
113
190.6
20.7
-18.6
—
-5.3
1
-7.7
-0.16
47.4
1 042.5
803.5
239
—
119
197.1
41.9
-20.7
—
6.4
1.7
3.8
0.08
48.5
1 254.1
977.8
276.3
—
122.1
201.7
74.6
-22
—
-42.3
-33.1
-9.4
-0.2
47.9
1 156
930.4
225.6
—
106.1
187.1
38.5
-22.3
—
-794.4
-244.9
-552.2
-11.5
48
1 079
876.7
202.3
—
110.4
193.8
8.5
-21.6
—
-47.4
-3.8
-45.1
-0.94
47.9
1 088
875.4
212.6
—
109.7
191
21.6
-22.5
—
-34.3
-1
-35.2
-0.74
47.7
1 339.4
1 044.2
295.2
—
114.6
197.6
97.6
-23.4
—
51.6
27.9
25.9
0.5
51.8
1 236.4
977.4
259
—
107
191.3
67.7
-25.1
—
28.5
3.1
24.2
0.5
48.6
1 099
892.9
206.1
—
100.4
185.7
20.4
-23.5
—
-29
-9.6
-22.9
-0.48
47.9
1 102.8
892.6
210.2
—
103.5
187.3
22.9
-20.9
—
-9.9
-1.2
-8.9
-0.19
47.4
1 349.6
1 048.1
301.5
—
103.4
185.2
116.3
-21.4
—
82.5
22
60.5
1.18
51.3
1 206
950.2
255.8
—
101.6
183.6
72.2
-20.9
—
23.5
10.4
12.7
0.26
48.1
1 110.8
893.8
217
—
105.1
193
24
-21.3
—
-26.5
-0.6
-27.5
-0.59
46.9
1 129.5
909.8
219.7
—
105.9
194.7
25
-21.9
—
-22.8
-8.5
-14.3
-0.3
46.9
1 130.5
871.7
258.8
—
87.2
173.2
85.6
-20.2
—
34.9
14.5
17.8
0.371
48