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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 1,724.4 $ 1,006.9 $ 4,532.1 $ 3,001.5
Cost of goods sold 1,426.7 825.7 3,707.3 2,454.9
Gross profit 297.7 181.2 824.8 546.6
Selling, general and administrative expenses 102.3 78.6 289.1 231.8
Amortization of intangible assets 24.4 1.3 50.8 3.6
Restructuring and acquisition-related costs 22.8 0.0 90.5 0.0
Operating income 148.2 101.3 394.4 311.2
Interest expense (57.5) (23.2) (139.9) (70.2)
Investment income 0.8 0.5 2.2 2.6
Debt refinancing and redemption costs 0.0 0.0 (2.7) 0.0
Other income (expense), net 0.5 0.9 (7.4) 4.0
Income before income taxes 92.0 79.5 246.6 247.6
Income tax expense 5.7 17.8 15.6 53.8
Net income 86.3 61.7 231.0 193.8
Net income attributable to noncontrolling interests (0.1) 0.0 (0.2) 0.0
Net income attributable to AAM $ 86.2 $ 61.7 $ 230.8 $ 193.8
Basic earnings per share $ 0.76 $ 0.79 $ 2.28 $ 2.48
Diluted earnings per share $ 0.75 $ 0.78 $ 2.27 $ 2.47