| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NET SALES | |||||||||||
1,858,897 | 1,834,063 | 1,794,872 | 1,678,924 | 1,543,617 | 1,375,501 | 1,171,864 | 1,099,559 | 1,023,762 | 816,263 | 544,522 | 623,799 |
COST OF GOODS SOLD | |||||||||||
1,170,589 | 1,143,597 | 1,100,344 | 1,010,472 | 939,841 | 836,611 | 741,131 | 726,740 | 662,181 | 520,573 | 366,968 | 420,672 |
Gross profit | |||||||||||
688,307 | 690,466 | 694,528 | 668,452 | 603,776 | 538,889 | 430,732 | 372,818 | 361,580 | 295,690 | 177,554 | 203,126 |
OPERATING EXPENSES: | |||||||||||
Engineering, research and development | |||||||||||
114,687 | 107,134 | 99,726 | 94,238 | 88,392 | 84,175 | 76,495 | 85,003 | 81,634 | 64,100 | 47,128 | 51,888 |
Selling, general & administrative | |||||||||||
85,083 | 75,206 | 71,443 | 62,471 | 56,616 | 55,879 | 49,496 | 48,359 | 48,578 | 40,617 | 35,807 | 42,425 |
Litigation Settlement | |||||||||||
- | - | - | - | - | - | - | 5,000 | 0 | 0 | - | - |
Total operating expenses | |||||||||||
199,770 | 182,341 | 171,169 | 156,709 | 145,009 | 140,055 | 125,991 | 138,363 | 130,212 | 104,718 | 82,935 | 94,313 |
Income from operations | |||||||||||
488,537 | 508,125 | 523,358 | 511,742 | 458,766 | 398,834 | 304,741 | 234,455 | 231,367 | 190,972 | 94,619 | 108,812 |
OTHER INCOME (LOSS) | |||||||||||
Investment income | |||||||||||
11,230 | 11,262 | 9,442 | 4,787 | 4,990 | 6,016 | 6,724 | 5,307 | 4,165 | 2,901 | 3,321 | 13,600 |
Impairment loss on available-for-sale securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,290 | 17,909 |
Other income (loss), net | |||||||||||
647 | 2,659 | -1,004 | -5,969 | -165 | 10,475 | 16,597 | 9,863 | 8,898 | 9,565 | -298 | -12,308 |
Total other income | |||||||||||
11,877 | 13,921 | 8,438 | -1,182 | 4,825 | 16,492 | 23,322 | 15,170 | 13,063 | 12,467 | 1,733 | -16,618 |
INCOME BEFORE PROVISION FOR INCOME TAXES | |||||||||||
500,415 | 522,046 | 531,796 | 510,560 | 463,591 | 415,326 | 328,064 | 249,625 | 244,431 | 203,440 | 96,352 | 92,194 |
PROVISION FOR INCOME TAXES | |||||||||||
75,731 | 84,163 | 125,004 | 162,969 | 145,121 | 126,721 | 105,134 | 81,038 | 79,763 | 65,706 | 31,715 | 30,106 |
NET INCOME | |||||||||||
424,683 | 437,883 | 406,791 | 347,591 | 318,469 | 288,604 | 222,929 | 168,586 | 164,668 | 137,733 | 64,637 | 62,087 |
EARNINGS PER SHARE: | |||||||||||
Basic (in dollars per share) | |||||||||||
1.67 | 1.64 | 1.42 | 1.21 | 1.09 | 0.99 | 0.78 | 0.59 | 1.16 | 0.99 | 0.47 | 0.44 |
Diluted (in dollars per share) | |||||||||||
1.66 | 1.62 | 1.41 | 1.19 | 1.08 | 0.98 | 0.77 | 0.59 | 1.14 | 0.98 | 0.47 | 0.44 |
Cash Dividends Declared per Share (in dollars per share) | |||||||||||
0.46 | 0.44 | 0.39 | 0.35 | 0.33 | 0.31 | 0.28 | 0.26 | 0.48 | 0.44 | 0.44 | 0.43 |