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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
GrossRevenues $ 1,957.1 $ 1,840.4 $ 3,743.2 $ 3,485.4
SalesDiscounts 9.1 8.1 17.4 15.4
Revenues 1,948.0 1,832.3 3,725.8 3,470.0
Cost of merchandise sold (1,580.3) (1,481.1) (3,019.4) (2,807.4)
Gross Margin 367.7 351.2 706.4 662.6
Selling, general and administrative expenses (284.5) (270.8) (558.0) (534.1)
Depreciation and amortization (12.6) (12.3) (25.1) (24.4)
Other income, net 0.5 0.6 1.8 1.4
Income from Operations 71.1 68.7 125.1 105.5
Non-operating expenses (6.3) (7.5) (12.9) (15.0)
Income before Provision for Income Taxes 64.8 61.2 112.2 90.5
Provision for income taxes (17.8) (16.6) (30.8) (24.7)
Net Income 47.0 44.6 81.4 65.8
Less: Net income attributable to noncontrolling interests 0.0 (0.1) (0.1) (0.2)
Net Income attributable to Graybar Electric Company, Inc. $ 47.0 $ 44.5 $ 81.3 $ 65.6
Net Income per share of Common Stock (in dollars per share) $ 2.18 $ 2.07 $ 3.77 $ 3.05
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60
Average Common Shares Outstanding (Shares) 21.5 21.5 21.6 21.5