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 16, 2021, are presented following Item 16 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, 2020, 2019 and 2018
Consolidated Balance Sheets at December 31, 2020 and 2019
For the years ended December 31, 2020, 2019 and 2018:
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, 2020, 2019 and 2018
(b)The unaudited selected quarterly financial data for the two years ended December 31, is as follows:
| In millions, except per share amounts | 2020 | |||||||||||||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||||||||||||
| Net revenues | $ | 674.7 | $ | 589.5 | $ | 728.4 | $ | 727.3 | ||||||||||||||||||
| Cost of goods sold | 381.6 | 342.9 | 409.2 | 407.4 | ||||||||||||||||||||||
| Operating income | 28.9 | 96.5 | 160.4 | 117.7 | ||||||||||||||||||||||
| Net earnings | 0.5 | 73.7 | 146.9 | 93.4 | ||||||||||||||||||||||
| Net earnings attributable to Allegion plc | 0.4 | 73.7 | 146.9 | 93.3 | ||||||||||||||||||||||
| Earnings per share attributable to Allegion plc ordinary shareholders: | ||||||||||||||||||||||||||
| Basic | $ | — | $ | 0.80 | $ | 1.59 | $ | 1.02 | ||||||||||||||||||
| Diluted | $ | — | $ | 0.80 | $ | 1.58 | $ | 1.01 | ||||||||||||||||||
| 2019 | ||||||||||||||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | |||||||||||||||||||||||
| Net revenues | $ | 655.0 | $ | 731.2 | $ | 748.3 | $ | 719.5 | ||||||||||||||||||
| Cost of goods sold | 378.1 | 410.5 | 412.8 | 400.3 | ||||||||||||||||||||||
| Operating income | 108.0 | 145.7 | 168.1 | 143.3 | ||||||||||||||||||||||
| Net earnings | 80.3 | 109.4 | 131.7 | 80.7 | ||||||||||||||||||||||
| Net earnings attributable to Allegion plc | 80.2 | 109.3 | 131.6 | 80.7 | ||||||||||||||||||||||
| Earnings per share attributable to Allegion plc ordinary shareholders: | ||||||||||||||||||||||||||
| Basic | $ | 0.85 | $ | 1.17 | $ | 1.41 | $ | 0.87 | ||||||||||||||||||
| Diluted | $ | 0.84 | $ | 1.16 | $ | 1.40 | $ | 0.86 | ||||||||||||||||||
Net earnings from the first quarter of 2020 includes a goodwill and intangible asset impairment charge of $94.3 million (net of tax). Net earnings from the fourth quarter of 2020 includes a $37.9 million loss on assets held for sale at December 31, 2020, related to our QMI business.
Net earnings from the fourth quarter of 2019 includes a $31.4 million (net of tax) loss on the divestitures of our business operations in Colombia and Turkey.
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