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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Continuing operations      
Net sales $ 7,294,055 $ 7,658,588 $ 5,288,504
Cost of sales (5,107,495) (5,279,300) (3,685,057)
Gross profit 2,186,560 2,379,288 1,603,447
Selling, general and administrative expenses (1,365,974) (1,509,976) (1,270,016)
Other operating income 23,004 15,059 10,516
Other operating expenses (11,199) (12,558) (9,359)
Operating income 832,391 871,813 334,588
Finance income [1] 47,997 39,856 47,605
Finance cost (43,381) (36,942) (27,072)
Other financial results 14,667 34,386 (43,550)
Income before equity in earnings of non-consolidated companies and income tax 851,674 909,113 311,571
Equity in earnings of non-consolidated companies 82,036 193,994 116,140
Income before income tax 933,710 1,103,107 427,711
Income tax (202,452) (229,207) 17,136
Income for continuing operations $ 731,258 $ 873,900 $ 444,847
Basic and diluted earnings (losses) per share (in dollars per share) $ 0.63 $ 0.74 $ 0.38
Basic and diluted earnings per ADS (U.S. dollars per ADS) (in dollars per share) [2] $ 1.26 $ 1.48 $ 0.77
Discontinued operations      
Result for discontinued operations $ 91,542
Income for the year 731,258 873,900 536,389
Attributable to:      
Owners of the parent 742,686 876,063 544,737
Non-controlling interests (11,428) (2,163) (8,348)
Income (loss) for the year $ 731,258 $ 873,900 $ 536,389
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) $ 0.63 $ 0.74 $ 0.46
Basic and diluted earnings per ADS (U.S. dollars per ADS) (*) (in dollars per share) [2] $ 1.26 $ 1.48 $ 0.92
[1] In 2019 and 2018 includes $7.6 and $3.6 million of interest related to instruments carried at FVPL, respectively.
[2] Each ADS equals two shares.