XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Gross Sales $ 1,786.1 $ 1,645.0
Cash discounts (8.3) (7.3)
Net Sales 1,777.8 1,637.7
Cost of merchandise sold (1,439.1) (1,326.3)
Gross Margin 338.7 311.4
Selling, general and administrative expenses (273.5) (263.3)
Depreciation and amortization (12.5) (12.1)
Other income, net 1.3 0.8
Income from Operations 54.0 36.8
Non-operating expenses (6.6) (7.5)
Income before Provision for Income Taxes 47.4 29.3
Provision for income taxes (13.0) (8.1)
Net Income 34.4 21.2
Less: Net income attributable to noncontrolling interests (0.1) (0.1)
Net Income attributable to Graybar Electric Company, Inc. $ 34.3 $ 21.1
Net Income per share of Common Stock (in dollars per share) $ 1.59 $ 0.98 [1]
Cash Dividends per share of Common Stock (in dollars per share) $ 0.30 $ 0.30
Average Common Shares Outstanding (Shares) 21.6 21.5
[1] (A)Adjusted for the declaration of a 10% stock dividend in 2018, shares related to which were issued in February 2019. Prior to the adjustment, the average common shares outstanding were 19.5 million for the three months ended March 31, 2018.