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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 1,719.2 $ 1,858.4
Cost of goods sold 1,497.0 1,542.1
Gross profit 222.2 316.3
Selling, general and administrative expenses 90.7 97.3
Amortization of intangible assets 25.0 24.9
Restructuring and acquisition-related costs 12.1 18.3
Operating income 94.4 175.8
Interest expense (53.4) (53.2)
Investment income 0.7 0.5
Debt refinancing and redemption costs 0.0 (10.3)
Other expense, net (3.0) (5.4)
Income before income taxes 38.7 107.4
Income tax expense (benefit) (3.0) 17.9
Net income 41.7 89.5
Net income attributable to noncontrolling interests (0.1) (0.1)
Net income attributable to AAM $ 41.6 $ 89.4
Basic earnings per share $ 0.36 $ 0.78
Diluted earnings per share $ 0.36 $ 0.78