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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
GrossRevenues $ 1,990.8 $ 1,878.9 $ 5,734.0 $ 5,364.3
SalesDiscounts 9.4 8.7 26.8 24.1
Revenues 1,981.4 1,870.2 5,707.2 5,340.2
Cost of merchandise sold (1,603.6) (1,516.8) (4,623.0) (4,324.2)
Gross Margin 377.8 353.4 1,084.2 1,016.0
Selling, general and administrative expenses (293.0) (276.4) (851.0) (810.5)
Depreciation and amortization (12.6) (12.6) (37.7) (37.0)
Other income, net 0.6 1.0 2.4 2.4
Income from Operations 72.8 65.4 197.9 170.9
Non-operating expenses (5.9) (7.8) (18.8) (22.8)
Income before Provision for Income Taxes 66.9 57.6 179.1 148.1
Provision for income taxes (17.9) (4.0) (48.7) (28.7)
Net Income 49.0 53.6 130.4 119.4
Less: Net income attributable to noncontrolling interests (0.2) (0.1) (0.3) (0.3)
Net Income attributable to Graybar Electric Company, Inc. $ 48.8 $ 53.5 $ 130.1 $ 119.1
Net Income per share of Common Stock (in dollars per share) $ 2.28 $ 2.50 $ 6.05 $ 5.55
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Average Common Shares Outstanding (Shares) 21.5 21.4 21.5 21.4