Net loss attributable to noncontrolling interest

[Table of Contents](#i1c7c95a3a35c4e5dafc8b646de4a8ff7_7)  
IDEX CORPORATIONCONSOLIDATED STATEMENTS OF INCOME 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | For the Year Ended December 31, |
|   | 2021 |  | 2020 |  | 2019 |
|   | (In millions except per share amounts) |
| Net sales | $ | 2,764.8  |  |  | $ | 2,351.6  |  |  | $ | 2,494.6  |  |
| Cost of sales | 1,540.3  |  |  | 1,324.2  |  |  | 1,369.6  |  |
| Gross profit | 1,224.5  |  |  | 1,027.4  |  |  | 1,125.0  |  |
| Selling, general and administrative expenses | 578.2  |  |  | 494.9  |  |  | 525.0  |  |
| Restructuring expenses and asset impairments | 9.3  |  |  | 11.8  |  |  | 21.0  |  |
| Operating income | 637.0  |  |  | 520.7  |  |  | 579.0  |  |
| Other expense - net | 16.2  |  |  | 5.6  |  |  | 1.8  |  |
| Interest expense | 41.0  |  |  | 44.8  |  |  | 44.3  |  |
| Income before income taxes | 579.8  |  |  | 470.3  |  |  | 532.9  |  |
| Provision for income taxes | 130.5  |  |  | 92.5  |  |  | 107.4  |  |
| Net income | 449.3  |  |  | 377.8  |  |  | 425.5  |  |
| Net loss attributable to noncontrolling interest | 0.1  |  |  | —  |  |  | —  |  |
| Net income attributable to IDEX | $ | 449.4  |  |  | $ | 377.8  |  |  | $ | 425.5  |  |
|  |  |  |  |  |  |
| Earnings per common share: |  |  |  |  |  |
| Basic earnings per common share attributable to IDEX | $ | 5.91  |  |  | $ | 4.98  |  |  | $ | 5.62  |  |
| Diluted earnings per common share attributable to IDEX | $ | 5.88  |  |  | $ | 4.94  |  |  | $ | 5.56  |  |
|  |  |  |  |  |  |
| Share data: |  |  |  |  |  |
| Basic weighted average common shares outstanding | 76.0  |  |  | 75.7  |  |  | 75.6  |  |
| Diluted weighted average common shares outstanding | 76.4  |  |  | 76.4  |  |  | 76.5  |  |

 See Notes to Consolidated Financial Statements.38
