Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Product sales $ 1,063.2 $ 1,036.4 $ 3,253.1 $ 3,154.7
Shipping & handling revenues 58.8 66.5 190.3 215.9
Net sales 1,122.0 1,102.9 3,443.4 3,370.6
Cost of sales 209.1 206.9 658.5 651.6
Gross profit 912.9 896.0 2,784.9 2,719.0
Royalty overrides 320.3 304.7 968.9 946.4
Selling, general & administrative expenses 441.3 433.1 1,545.2 1,335.0
Other operating income (0.2) (3.4) (29.1) (3.4)
Operating income 151.5 161.6 299.9 441.0
Interest expense, net 22.1 24.1 70.1 69.3
Other expense, net       2.3
Income before income taxes 129.4 137.5 229.8 369.4
Income taxes 41.7 43.9 69.2 114.8
NET INCOME $ 87.7 $ 93.6 $ 160.6 $ 254.6
Earnings per share:        
Basic $ 1.06 $ 1.13 $ 1.94 $ 3.09
Diluted $ 1.01 $ 1.09 $ 1.87 $ 2.99
Weighted average shares outstanding:        
Basic 83.1 82.6 83.0 82.5
Diluted 86.4 85.7 86.1 85.1