XML 23 R73.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Financial Statements (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Consolidating financial statements, captions                      
Net sales $ 1,889.0 $ 2,055.3 $ 2,209.7 $ 2,288.3 $ 2,033.9 $ 2,138.6 $ 2,049.5 $ 1,912.7 $ 8,442.3 $ 8,134.7 $ 6,312.8
Costs and expenses:                      
Cost of sales (exclusive of depreciation and amortization shown below) 1,364.6 1,520.0 1,640.3 1,710.5 1,558.9 1,644.7 1,538.7 1,406.4 6,235.4 6,148.7 4,727.9
Warehouse, delivery, selling, general and administrative                 1,396.2 1,280.1 1,103.6
Depreciation and amortization                 151.5 133.1 120.6
Total costs and expenses                 7,783.1 7,561.9 5,952.1
Operating income                 659.2 572.8 360.7
Other income (expense):                      
Interest                 (58.4) (59.8) (61.2)
Other income net                 8.6 (1.4) (3.0)
Income before equity in earnings of subsidiaries and income taxes                 609.4 511.6 296.5
Income before income taxes                 609.4 511.6 296.5
Income tax (benefit) provision                 201.1 162.4 98.6
Net income 80.8 99.4 110.2 117.9 69.1 86.3 100.2 93.6 408.3 349.2 197.9
Less: Net income attributable to noncontrolling interests                 4.8 5.4 3.5
Net income attributable to Reliance 80.4 98.1 108.8 116.2 67.9 84.9 98.7 92.3 403.5 343.8 194.4
Parent
                     
Consolidating financial statements, captions                      
Net sales                 726.3 706.8 593.7
Costs and expenses:                      
Cost of sales (exclusive of depreciation and amortization shown below)                 534.9 535.3 442.4
Warehouse, delivery, selling, general and administrative                 188.1 72.0 116.3
Depreciation and amortization                 14.3 14.3 13.0
Total costs and expenses                 737.3 621.6 571.7
Operating income                 (11.0) 85.2 22.0
Other income (expense):                      
Interest                 (57.7) (58.9) (62.4)
Other income net                 73.9 93.4 51.0
Income before equity in earnings of subsidiaries and income taxes                 5.2 119.7 10.6
Equity in earnings of subsidiaries                 379.2 204.5 144.3
Income before income taxes                 384.4 324.2 154.9
Income tax (benefit) provision                 (19.1) (19.6) (39.5)
Net income                 403.5 343.8 194.4
Net income attributable to Reliance                 403.5 343.8 194.4
Guarantor Subsidiaries
                     
Consolidating financial statements, captions                      
Net sales                 7,298.4 7,103.0 5,550.6
Costs and expenses:                      
Cost of sales (exclusive of depreciation and amortization shown below)                 5,463.2 5,461.0 4,226.0
Warehouse, delivery, selling, general and administrative                 1,164.5 1,187.8 978.7
Depreciation and amortization                 124.7 109.8 101.3
Total costs and expenses                 6,752.4 6,758.6 5,306.0
Operating income                 546.0 344.4 244.6
Other income (expense):                      
Interest                 (14.4) (27.6) (33.8)
Other income net                 3.4 2.6 44.8
Income before equity in earnings of subsidiaries and income taxes                 535.0 319.4 255.6
Equity in earnings of subsidiaries                 28.9 32.1 10.7
Income before income taxes                 563.9 351.5 266.3
Income tax (benefit) provision                 206.0 166.7 130.6
Net income                 357.9 184.8 135.7
Less: Net income attributable to noncontrolling interests                 4.6 4.6 3.0
Net income attributable to Reliance                 353.3 180.2 132.7
Non-Guarantor Subsidiaries
                     
Consolidating financial statements, captions                      
Net sales                 640.2 547.8 338.2
Costs and expenses:                      
Cost of sales (exclusive of depreciation and amortization shown below)                 460.0 375.4 229.4
Warehouse, delivery, selling, general and administrative                 96.4 86.8 71.5
Depreciation and amortization                 12.5 9.0 6.3
Total costs and expenses                 568.9 471.2 307.2
Operating income                 71.3 76.6 31.0
Other income (expense):                      
Interest                 (2.2) (2.1) (0.8)
Other income net                 0.1 (2.0) 0.1
Income before equity in earnings of subsidiaries and income taxes                 69.2 72.5 30.3
Income before income taxes                 69.2 72.5 30.3
Income tax (benefit) provision                 14.2 15.3 7.5
Net income                 55.0 57.2 22.8
Less: Net income attributable to noncontrolling interests                 0.2 0.8 0.5
Net income attributable to Reliance                 54.8 56.4 22.3
Eliminations
                     
Consolidating financial statements, captions                      
Net sales                 (222.6) (222.9) (169.7)
Costs and expenses:                      
Cost of sales (exclusive of depreciation and amortization shown below)                 (222.7) (223.0) (169.9)
Warehouse, delivery, selling, general and administrative                 (52.8) (66.5) (62.9)
Total costs and expenses                 (275.5) (289.5) (232.8)
Operating income                 52.9 66.6 63.1
Other income (expense):                      
Interest                 15.9 28.8 35.8
Other income net                 (68.8) (95.4) (98.9)
Equity in earnings of subsidiaries                 (408.1) (236.6) (155.0)
Income before income taxes                 (408.1) (236.6) (155.0)
Net income                 (408.1) (236.6) (155.0)
Net income attributable to Reliance                 $ (408.1) $ (236.6) $ (155.0)