| Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||
2,054,500 | 1,921,600 | 1,728,200 | 1,656,900 | 1,493,800 | 1,321,300 | 1,237,500 | 1,167,000 | 1,124,600 | 1,202,600 |
Cost of goods sold | |||||||||
1,324,300 | 1,246,900 | 1,096,000 | 1,078,100 | 987,400 | 902,000 | 830,500 | 775,100 | 708,500 | 813,800 |
Gross profit | |||||||||
730,200 | 674,700 | 632,200 | 578,800 | 506,400 | 419,300 | 407,000 | 391,900 | 416,100 | 388,800 |
Selling, general and administrative expenses | |||||||||
311,300 | 291,600 | 254,200 | 245,500 | 224,400 | 218,600 | 191,000 | 173,400 | 185,800 | 208,800 |
Research and development expenses | |||||||||
33,300 | 30,300 | 29,500 | 31,700 | 33,100 | 37,200 | 30,400 | 28,000 | 27,100 | 23,800 |
Asset impairments | |||||||||
- | - | - | - | - | 16,900 | 14,300 | - | - | - |
Asbestos adjustments | |||||||||
156,400 | -40,400 | -5,500 | -33,400 | 195,800 | 117,100 | 15,800 | 85,800 | 224,200 | -17,400 |
Operating income | |||||||||
229,200 | 393,200 | 354,000 | 335,000 | 53,100 | 29,500 | 155,500 | 104,700 | -21,000 | 173,600 |
Interest expense, net of capitalized interest | |||||||||
32,900 | 28,500 | 26,600 | 9,800 | 4,500 | 5,500 | 11,200 | 9,000 | 7,700 | 11,200 |
Interest income | |||||||||
3,400 | 1,000 | 1,000 | 2,300 | 3,400 | 7,900 | 3,800 | 4,600 | 3,700 | 8,200 |
Loss on early debt extinguishment | |||||||||
-26,100 | 0 | 0 | - | - | - | - | - | - | - |
Other income | |||||||||
700 | 1,300 | 2,100 | -4,900 | 2,600 | 1,800 | 3,000 | -3,700 | 6,300 | -14,800 |
Income before income taxes | |||||||||
174,300 | 367,000 | 330,500 | 322,600 | 54,600 | 33,700 | 151,100 | 96,600 | -18,700 | 155,800 |
Income tax expense | |||||||||
28,200 | 90,500 | 86,100 | 31,300 | -44,900 | -11,800 | -453,200 | -443,600 | 66,200 | 19,500 |
Net income | |||||||||
146,100 | 276,500 | 244,400 | 291,300 | 99,500 | 45,500 | 604,300 | -347,000 | -84,900 | 136,300 |
Income per share: | |||||||||
Basic (in dollars per share) | |||||||||
0.33 | 0.62 | 0.55 | 0.65 | 0.22 | 0.10 | 1.39 | -0.80 | -0.20 | 0.32 |
Diluted (in dollars per share) | |||||||||
0.33 | 0.62 | 0.55 | 0.65 | 0.22 | 0.10 | 1.38 | -0.80 | -0.20 | 0.31 |
Weighted average common shares outstanding (Millions): | |||||||||
Basic (in shares) | |||||||||
441,200 | 442,700 | 445,300 | 445,000 | 442,600 | 439,200 | 436,200 | 435,600 | 433,100 | 432,300 |
Diluted (in shares) | |||||||||
442,300 | 443,900 | 447,200 | 446,400 | 444,600 | 440,600 | 437,900 | 435,600 | 433,100 | 434,500 |
Comprehensive income, net of tax: | |||||||||
Net income | |||||||||
146,100 | 276,500 | 244,400 | 291,300 | 99,500 | 45,500 | 604,300 | -347,000 | -84,900 | 136,300 |
Pension and post-retirement benefit adjustments | |||||||||
0 | 0 | -300 | - | - | - | - | -1,300 | - | - |
Unrealized gain on investments | |||||||||
- | - | - | - | - | 900 | 100 | 1,300 | - | - |
Cash flow hedges | |||||||||
- | - | - | -600 | 900 | - | - | - | - | - |
Currency translation adjustments | |||||||||
900 | -3,000 | 900 | -32,900 | -15,200 | -2,900 | -5,900 | -6,600 | - | - |
Comprehensive income | |||||||||
147,000 | 273,500 | 245,600 | 257,800 | 85,200 | 43,500 | 598,500 | -351,000 | - | - |