filings.toolsItem 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
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Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
| (a) | The following Consolidated Financial Statements and Financial Statement Schedule and the report thereon of PricewaterhouseCoopers LLP dated February 20, 2018, are presented following Item 15 of this Annual Report on Form 10-K. |
Consolidated Financial Statements:
Report of independent registered public accounting firm
Consolidated statements of comprehensive income for the years ended December 31, 2017, 2016 and 2015
Consolidated balance sheets at December 31, 2017 and 2016
For the years ended December 31, 2017, 2016 and 2015:
Consolidated statements of equity
Consolidated statements of cash flows
Notes to Consolidated Financial Statements
Financial Statement Schedule:
Schedule II – Valuation and Qualifying Accounts for the years ended December 31, 2017, 2016 and 2015
| (b) | The unaudited selected quarterly financial data for the two years ended December 31, is as follows: |
| In millions, except per share amounts | 2017 | |||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||
| Net revenues | $ | 548.8 | $ | 627.0 | $ | 609.4 | $ | 623.0 | ||||||||
| Cost of goods sold | 308.0 | 346.0 | 335.5 | 348.0 | ||||||||||||
| Operating income | 98.8 | 134.1 | 126.1 | 129.2 | ||||||||||||
| Net earnings | 68.7 | 105.8 | 90.1 | 12.1 | ||||||||||||
| Net earnings attributable to Allegion plc | 68.4 | 105.5 | 89.8 | 9.6 | ||||||||||||
| Earnings per share attributable to Allegion plc ordinary shareholders: | ||||||||||||||||
| Basic | $ | 0.72 | $ | 1.11 | $ | 0.95 | $ | 0.10 | ||||||||
| Diluted | $ | 0.71 | $ | 1.10 | $ | 0.94 | $ | 0.10 | ||||||||
| In millions, except per share amounts | 2016 | |||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||
| Net revenues | $ | 502.3 | $ | 584.9 | $ | 581.1 | $ | 569.7 | ||||||||
| Cost of goods sold | 286.0 | 317.5 | 317.6 | 331.6 | ||||||||||||
| Operating income | 82.5 | 124.3 | 121.5 | 97.2 | ||||||||||||
| Net earnings | 58.8 | 95.4 | 2.0 | 75.0 | ||||||||||||
| Net earnings attributable to Allegion plc | 57.7 | 95.0 | 1.6 | 74.8 | ||||||||||||
| Earnings per share attributable to Allegion plc ordinary shareholders: | ||||||||||||||||
| Basic | $ | 0.60 | $ | 0.99 | $ | 0.02 | $ | 0.78 | ||||||||
| Diluted | $ | 0.60 | $ | 0.98 | $ | 0.02 | $ | 0.77 | ||||||||
Net earnings from the fourth quarter of 2017 includes a $41.3 million charge related to the refinancing of our senior notes and a net tax charge of $53.5 million related to the U.S. Tax Reform Act.
Net earnings from the third quarter of 2016 includes an after tax $84.4 million loss on divestiture related to the write-down of the carrying value of consideration receivable related to the 2015 divestiture of our systems integration business in China.
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