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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,757.8 $ 1,025.4 $ 2,807.7 $ 1,994.6
Cost of goods sold 1,441.4 834.0 2,280.6 1,629.2
Gross profit 316.4 191.4 527.1 365.4
Selling, general and administrative expenses 105.6 78.7 186.8 153.2
Amortization of intangible assets 24.8 1.2 26.4 2.3
Restructuring and acquisition-related costs 51.7 0.0 67.7 0.0
Operating income 134.3 111.5 246.2 209.9
Interest expense (56.9) (23.4) (82.4) (47.0)
Investment income 0.8 1.5 1.4 2.1
Debt refinancing and redemption costs (2.7) 0.0 (2.7) 0.0
Other income (expense), net (6.8) 2.1 (7.9) 3.1
Income before income taxes 68.7 91.7 154.6 168.1
Income tax expense 2.4 20.7 9.9 36.0
Net income 66.3 71.0 144.7 132.1
Net income attributable to noncontrolling interests (0.1) 0.0 (0.1) 0.0
Net income attributable to AAM $ 66.2 $ 71.0 $ 144.6 $ 132.1
Basic earnings per share $ 0.59 $ 0.91 $ 1.52 $ 1.69
Diluted earnings per share $ 0.59 $ 0.90 $ 1.51 $ 1.68