| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | |||||||||||
3,421 | 3,831 | 3,304 | 2,810 | 2,627 | 2,851 | 2,720 | 2,477 | 2,794 | 2,175 | 1,491 | 2,588 |
Cost of sales | |||||||||||
2,429 | 2,658 | 2,290 | 1,931 | 1,837 | 1,979 | 1,911 | 1,737 | 1,986 | 1,560 | 1,163 | 1,883 |
Streamlining expenses | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 10 |
Gross profit | |||||||||||
992 | 1,172 | 1,013 | 879 | 789 | 871 | 809 | 740 | 808 | 615 | 327 | 694 |
Costs and expenses: | |||||||||||
Selling and administrative expenses | |||||||||||
463 | 476 | 411 | 356 | 346 | 386 | 352 | 308 | 327 | 306 | 271 | 316 |
Research, development and engineering expenses | |||||||||||
193 | 184 | 147 | 135 | 139 | 145 | 119 | 104 | 105 | 85 | 75 | 92 |
Streamlining (income) / expenses | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 26 |
Other operating income, net | |||||||||||
1 | 0 | -20 | -5 | 6 | 8 | 5 | 3 | 5 | -5 | 4 | -11 |
Operating income | |||||||||||
337 | 512 | 435 | 381 | 297 | 331 | 331 | 324 | 369 | 217 | -14 | 246 |
European Commission fine reimbursement | |||||||||||
- | - | - | - | - | - | -279 | 0 | 0 | 400 | 0 | - |
Equity income of unconsolidated joint ventures, net | |||||||||||
2 | 1 | 23 | 24 | 32 | 23 | 17 | 18 | 16 | 9 | 3 | 8 |
Gain on remeasurement of equity investments | |||||||||||
0 | 0 | 247 | 0 | 0 | - | - | - | - | - | - | - |
Other non-operating expense, net | |||||||||||
-26 | -42 | -37 | -24 | -24 | 1 | 6 | -5 | 20 | -2 | -5 | -4 |
Indemnification settlements, net | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 41 | - |
Fair value adjustment charge of the noncontrolling interest prior to taking control | |||||||||||
- | - | - | - | - | - | - | - | - | - | 11 | - |
Interest (expense)/income, net | |||||||||||
-0 | -7 | -16 | -12 | -7 | 0 | 4 | -1 | -1 | -2 | 0 | 3 |
Income before income taxes | |||||||||||
312 | 463 | 652 | 369 | 297 | 356 | 640 | 336 | 404 | -177 | 13 | 254 |
Income tax expense | |||||||||||
53 | 49 | 229 | 121 | 11 | 55 | -21 | 23 | 36 | 36 | -10 | 38 |
Net income including noncontrolling interests | |||||||||||
259 | 414 | 422 | 247 | 286 | 301 | 661 | 312 | 368 | -214 | 23 | 215 |
Less: net income attributable to noncontrolling interests | |||||||||||
13 | 20 | 16 | 24 | 10 | 9 | 8 | 10 | 11 | 11 | 5 | 2 |
Net income attributable to Company | |||||||||||
245 | 394 | 406 | 223 | 275 | 291 | 653 | 302 | 357 | -226 | 18 | 213 |
Net income attributable to Company per common share | |||||||||||
Basic (in usd per share) | |||||||||||
4.80 | 7.46 | 7.53 | 4.00 | 4.76 | 4.87 | 10.46 | 4.73 | 5.35 | -3.50 | 0.29 | 3.28 |
Diluted (in usd per share) | |||||||||||
4.78 | 7.43 | 7.50 | 3.98 | 4.72 | 4.81 | 10.31 | 4.62 | 5.19 | -3.50 | 0.29 | 3.24 |
Cash dividends per share of common stock (in usd per share) | |||||||||||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.28 |
Weighted average common shares outstanding | |||||||||||
Basic (in shares) | |||||||||||
51 | 52 | 53 | 55 | 57 | 59 | 62 | 63 | 66 | 64 | 64 | 65 |
Diluted (in shares) | |||||||||||
51 | 53 | 54 | 55 | 58 | 60 | 63 | 65 | 68 | 64 | 65 | 65 |