XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 2,883.5 $ 2,988.9 $ 5,840.1 $ 5,746.0
Costs and expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 2,029.9 2,071.4 4,119.6 4,008.6
Warehouse, delivery, selling, general and administrative 531.4 535.9 1,063.5 1,055.3
Depreciation and amortization 54.4 54.3 108.4 108.4
Impairment of long-lived assets 1.2   1.2  
Total costs and expenses 2,616.9 2,661.6 5,292.7 5,172.3
Operating income 266.6 327.3 547.4 573.7
Other (income) expense:        
Interest expense 23.7 21.3 47.9 40.6
Other (income) expense, net (2.9) (0.6) (1.8) 1.3
Income before income taxes 245.8 306.6 501.3 531.8
Income tax provision 61.5 73.5 125.4 127.6
Net income 184.3 233.1 375.9 404.2
Less: Net income attributable to noncontrolling interests 1.2 2.3 2.7 4.4
Net income attributable to Reliance $ 183.1 $ 230.8 $ 373.2 $ 399.8
Earnings per share attributable to Reliance stockholders:        
Diluted earnings per common share (in dollars per share) $ 2.69 $ 3.16 $ 5.49 $ 5.46
Basic earnings per common share (in dollars per share) $ 2.73 $ 3.19 $ 5.56 $ 5.51
Shares used in computing earning per share:        
Diluted (in shares) 67,977 72,988 67,951 73,218
Basic (in shares) 67,045 72,343 67,086 72,580
Cash dividends per share (in dollars per share) $ 0.55 $ 0.50 $ 1.10 $ 1.00