XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net Sales $ 1,762,293 $ 1,636,464 $ 3,662,851 $ 2,962,670
Cost of sales 919,754 808,736 1,920,470 1,555,809
Gross Profit 842,539 827,728 1,742,381 1,406,861
Advertising and promotion expenses 117,650 102,527 280,074 238,981
Other selling and administrative expenses 335,815 345,700 990,221 981,229
Operating Income 389,074 379,501 472,086 186,651
Interest expense 52,062 50,415 220,689 149,010
Interest (income) (753) (455) (2,156) (3,564)
Other non-operating expense, net 3,901 1,327 3,347 7,012
Income Before Income Taxes 333,864 328,214 250,206 34,193
(Benefit) Provision for income taxes (456,754) 22,080 (415,805) 46,811
Income from equity method investments 4,458 5,204 11,143 7,145
Net Income (Loss) $ 795,076 $ 311,338 $ 677,154 $ (5,473)
Net Income (Loss) Per Common Share - Basic (USD per share) $ 2.27 $ 0.90 $ 1.94 $ (0.02)
Weighted average number of common shares (in shares) 350,424 347,628 349,642 347,206
Net Income (Loss) Per Common Share - Diluted (USD per share) $ 2.24 $ 0.89 $ 1.91 $ (0.02)
Weighted average number of common and potential common shares (in shares) 354,178 348,714 354,313 347,206