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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Continuing operations      
Net sales $ 7,658,588 $ 5,288,504 $ 4,293,592
Cost of sales (5,279,300) (3,685,057) (3,165,684)
Gross profit 2,379,288 1,603,447 1,127,908
Selling, general and administrative expenses (1,509,976) (1,270,016) (1,196,929)
Other operating income 15,059 10,516 21,127
Other operating expenses (12,558) (9,359) (11,163)
Operating income (loss) 871,813 334,588 (59,057)
Finance income [1] 39,856 47,605 66,204
Finance cost (36,942) (27,072) (22,329)
Other financial results 34,386 (43,550) (21,921)
Income (loss) before equity in earnings of non-consolidated companies and income tax 909,113 311,571 (37,103)
Equity in earnings of non-consolidated companies 193,994 116,140 71,533
Income before income tax 1,103,107 427,711 34,430
Income tax (229,207) 17,136 (17,102)
Income for continuing operations $ 873,900 $ 444,847 $ 17,328
Basic and diluted earnings (losses) per share (in dollars per share) $ 0.74 $ 0.38 $ 0.01
Basic and diluted earnings per ADS (U.S. dollars per ADS) (*) (in dollars per share) [2] $ 1.48 $ 0.77 $ 0.02
Discontinued operations      
Result for discontinued operations $ 91,542 $ 41,411
Income for the year 873,900 536,389 58,739
Attributable to:      
Owners of the parent 876,063 544,737 55,298
Non-controlling interests (2,163) (8,348) 3,441
Income (loss) for the year $ 873,900 $ 536,389 $ 58,739
Earnings per share attributable to the owners of the parent during the year:      
Weighted average number of ordinary shares (thousands) (in shares) 1,180,537 1,180,537 1,180,537
Continuing and discontinued operations      
Basic and diluted earnings (losses) per share (in dollars per share) $ 0.74 $ 0.46 $ 0.05
Basic and diluted earnings per ADS (U.S. dollars per ADS) (*) (in dollars per share) [2] $ 1.48 $ 0.92 $ 0.09
[1] In 2018 includes $3.6 million of interest related to instruments carried at FVTPL.
[2] Each ADS equals two shares.