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Selected Consolidated Financial Data
Amounts in millions, except per share data
Year Ended December 31,
2015
2014
2013
2012
2011
2010
Income Statement Data:
Net sales
$9,350.5
$10,451.6
$9,223.8
$8,442.3
$8,134.7
$6,312.8
Operating income
(1)
546.6
617.4
551.9
659.2
572.8
360.7
Net income attributable to Reliance
311.5
371.5
321.6
403.5
343.8
194.4
Pretax income
(2)
458.7
546.3
478.3
609.4
511.6
296.5
Income taxes
142.5
170.0
153.6
201.1
162.4
98.6
Weighted average shares
outstanding - diluted
(3), (4)
74.9
78.6
77.6
75.7
75.0
74.5
Balance Sheet Data:
Current assets
$2,554.2
$3,121.1
$2,738.9
$2,277.4
$2,274.7
$1,700.9
Working capital
1,564.5
2,458.3
2,165.5
1,699.2
1,698.3
1,192.3
Net fixed assets
1,635.5
1,656.4
1,603.9
1,240.7
1,105.5
1,025.3
Total assets
(5)
7,121.6
7,822.4
7,323.6
5,846.7
5,592.3
4,659.1
Current liabilities
989.7
662.8
573.4
578.2
576.4
508.6
Short-term debt
500.8
93.9
36.5
83.6
12.2
86.2
Long-term debt
(5)
1,428.9
2,209.6
2,055.1
1,113.0
1,306.9
848.0
Total Reliance stockholders’ equity
3,914.1
4,099.0
3,874.6
3,558.4
3,143.9
2,823.7
Per Share Data:
(3)
Earnings - diluted
$4.16
$4.73
$4.14
$5.33
$4.58
$2.61
Dividends
$1.60
$1.40
$1.26
$0.80
$0.48
$0.40
Book value
(6)
$54.59
$53.03
$49.99
$46.82
$41.92
$37.83
Ratio Analysis:
Return on Reliance stockholders’ equity
(7)
8.0%
9.6%
9.0%
12.8%
12.2%
7.5%
Current ratio
2.6
4.7
4.8
3.9
3.9
3.3
Net debt-to-total capital ratio
(8)
31.8%
34.9%
34.1%
23.6%
28.2%
23.3%
Gross profit margin
(9)
27.2%
25.1%
26.0%
26.1%
24.4%
25.1%
Operating income margin
(1)
5.8%
5.9%
6.0%
7.8%
7.0%
5.7%
Pretax income margin
(2)
4.9%
5.2%
5.2%
7.2%
6.3%
4.7%
Net income margin - Reliance
3.3%
3.6%
3.5%
4.8%
4.2%
3.1%