XML 110 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues $ 2,925,151 $ 2,888,607 $ 2,817,465
Cost of revenues 2,100,304 2,072,742 2,085,451
Gross profit 824,847 815,865 732,014
Operating Expenses [Abstract]      
Research and development, net 220,482 233,387 241,092
Marketing and selling 235,466 241,911 235,909
General and administrative, net 129,507 137,517 139,349
Total operating expenses 585,455 612,815 616,350
Operating income 239,392 203,050 115,664
Financial expenses, net (37,310) (26,086) (13,569)
Other income, net 937 78 1,909
Income before income taxes 203,019 177,042 104,004
Income taxes 25,313 17,099 13,624
Net income after taxes 177,706 159,943 90,380
Equity in net earnings of affiliated companies and partnerships 13,032 11,160 15,377
Income from continuing operations 190,738 171,103 105,757
Income (loss) from discontinued operations and impairment, net 681 (616) (15,977)
Net income 191,419 170,487 89,780
Less: net loss (income) attributable to non-controlling interests (8,002) (2,608) 508
Net income attributable to Elbit Systems Ltd.’s shareholders 183,417 167,879 90,288
Basic net earnings (losses) per share:      
Continuing operations (in dollars per share) $ 4.34 $ 3.99 $ 2.33
Discontinued operations (in dollars per share) $ 0.01 $ (0.01) $ (0.22)
Total (in dollars per share) $ 4.35 $ 3.98 $ 2.11
Diluted net earnings (losses) per share:      
Continuing operations (in dollars per share) $ 4.33 $ 3.98 $ 2.31
Discontinued operations (in dollars per share) $ 0.01 $ (0.01) $ (0.22)
Total (in dollars per share) $ 4.34 $ 3.97 $ 2.09
Weighted average number of shares used in computation of basic earnings per share (in shares) 42,139 [1] 42,190 42,764 [1]
Weighted average number of shares used in computation of diluted earnings per share (in shares) 42,295 [1] 42,277 43,131 [1]
Amounts attributable to Elbit Systems Ltd.'s shareholders      
Income from continuing operations, net of income taxes 182,598 168,245 99,778
Discontinued operations, net of income taxes 819 (366) (9,490)
Net income attributable to Elbit Systems Ltd.’s shareholders $ 183,417 $ 167,879 $ 90,288
[1] In thousands