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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales $ 1,858.4 $ 1,049.9
Cost of goods sold 1,542.1 839.2
Gross profit 316.3 210.7
Selling, general and administrative expenses 97.3 81.2
Amortization of intangible assets 24.9 1.6
Restructuring and acquisition-related costs 18.3 16.0
Operating income 175.8 111.9
Interest expense (53.2) (25.5)
Investment income 0.5 0.6
Debt refinancing and redemption costs (10.3) 0.0
Other expense, net (5.4) (1.1)
Income before income taxes 107.4 85.9
Income tax expense 17.9 7.5
Net income 89.5 78.4
Net income attributable to noncontrolling interests (0.1) 0.0
Net income attributable to AAM $ 89.4 $ 78.4
Basic earnings per share $ 0.78 $ 1.00
Diluted earnings per share $ 0.78 $ 0.99