XML 27 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net Sales $ 3,227,221 $ 2,929,340 $ 2,859,732
Operating Expenses:      
Cost of sales (exclusive of depreciation and amortization shown below) 2,070,538 1,842,821 1,818,398
Selling, research & development and administrative 551,242 500,229 454,617
Depreciation and amortization 234,853 220,300 194,552
Restructuring initiatives 23,240 26,492 20,472
Total Operating Expenses 2,879,873 2,589,842 2,488,039
Operating Income 347,348 339,498 371,693
Other (Expense) Income:      
Interest expense (30,284) (33,244) (35,489)
Interest income 3,668 958 4,174
Net investment gain 4,709 3,064 0
Equity in results of affiliates (692) (1,443) 135
Miscellaneous, net (3,094) (7,678) 1,556
Total Other (Expense) Income (25,693) (38,343) (29,624)
Income before Income Taxes 321,655 301,155 342,069
Provision for Income Taxes 78,017 87,065 99,842
Net Income 243,638 214,090 242,227
Net Loss (Income) Attributable to Noncontrolling Interests 459 (50) (25)
Net Income Attributable to AptarGroup, Inc. $ 244,097 $ 214,040 $ 242,202
Net Income Attributable to AptarGroup, Inc. per Common Share:      
Basic (in dollars per share) $ 3.72 $ 3.32 $ 3.81
Diluted (in dollars per share) 3.61 3.21 3.66
Dividends per Common Share (in dollars per share) $ 1.50 $ 1.44 $ 1.42