XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Statements of Consolidated Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 4,773,796 $ 3,735,817 $ 8,738,802 $ 6,497,204
Cost of goods sold 2,735,168 2,001,200 5,013,327 3,419,534
Gross profit $ 2,038,628 $ 1,734,617 $ 3,725,475 $ 3,077,670
Percent to net sales 42.70% 46.40% 42.60% 47.40%
Selling, general and administrative expenses $ 1,307,861 $ 1,153,779 $ 2,522,426 $ 2,164,800
Percent to net sales 27.40% 30.90% 28.90% 33.30%
Other general expense - net $ 26,979 $ 1,775 $ 29,969 $ 2,051
Amortization 73,893 28,918 158,942 35,088
Interest expense 93,507 56,729 185,054 82,424
Interest and net investment income (559) (3,091) (2,177) (4,371)
Other income - net (1,139) (12,496) (10,411) (17,930)
Income from continuing operations before income taxes 538,086 509,003 841,672 815,608
Income taxes 134,482 148,352 187,941 215,805
Net income from continuing operations 403,604 360,651 653,731 599,803
Loss from discontinued operations (see Note 4)
Income taxes 41,540 41,540
Net loss from discontinued operations 0 (41,540) 0 (41,540)
Net income $ 403,604 $ 319,111 $ 653,731 $ 558,263
Basic net income per common share        
Continuing operations (in dollars per share) $ 4.34 $ 3.89 $ 7.02 $ 6.47
Discontinued operations (in dollars per share) 0.00 (0.45) 0.00 (0.45)
Net income per common share (in dollars per share) 4.34 3.44 7.02 6.02
Diluted net income per common share        
Continuing operations (in dollars per share) 4.25 3.80 6.86 6.34
Discontinued operations (in dollars per share) 0.00 (0.44) 0.00 (0.44)
Net income per common share (in dollars per share) $ 4.25 $ 3.36 $ 6.86 $ 5.90
Average shares outstanding - basic (in shares) 92,926,421 92,841,148 93,132,993 92,695,853
Average shares and equivalents outstanding - diluted (in shares) 94,884,187 94,968,636 95,258,956 94,697,439
Comprehensive income $ 196,810 $ 349,288 $ 496,152 $ 579,378