Reliance 2016 Annual Report

SELECTED CONSOL IDATED FINANCIAL DATA Amounts in millions, except per share data

Year Ended December 31,

2016

2015

2014

2013

2012

2011

Income Statement Data: Net sales

$8,613.4

$9,350.5

$10,451.6

$9,223.8

$8,442.3

$8,134.7

Operating income (1)

512.6

546.6

617.4

551.9

659.2

572.8

Net income attributable to Reliance

304.3

311.5

371.5

321.6

403.5

343.8

Pretax income (2)

429.2

458.7

546.3

478.3

609.4

511.6

Income taxes

120.1

142.5

170.0

153.6

201.1

162.4

Weighted average shares outstanding – diluted

73.1

74.9

78.6

77.6

75.7

75.0

Balance Sheet Data: Current assets

$2,688.5

$2,554.2

$3,121.1

$2,738.9

$2,277.4

$2,274.7

Working capital

2,032.5

1,564.5

2,458.3

2,165.5

1,699.2

1,698.3

Net fixed assets

1,662.2

1,635.5

1,656.4

1,603.9

1,240.7

1,105.5

Total assets (3)

7,411.3

7,121.6

7,822.4

7,323.6

5,846.7

5,592.3

Current liabilities

656.0

989.7

662.8

573.4

578.2

576.4

Short-term debt

82.5

500.8

93.9

36.5

83.6

12.2

Long-term debt (3)

1,846.7

1,428.9

2,209.6

2,055.1

1,113.0

1,306.9

Total Reliance stockholders’ equity

4,148.8

3,914.1

4,099.0

3,874.6

3,558.4

3,143.9

Per Share Data: Earnings – diluted

$4.16

$4.16

$4.73

$4.14

$5.33

$4.58

Dividends

$1.65

$1.60

$1.40

$1.26

$0.80

$0.48

Book value (4)

$57.07

$54.59

$53.03

$49.99

$46.82

$41.92

Ratio Analysis: Return on Reliance stockholders’ equity (5)

7.8%

8.0%

9.6%

9.0%

12.8%

12.2%

Current ratio

4.1

2.6

4.7

4.8

3.9

3.9

Net debt-to-total capital ratio (6)

30.3%

31.8%

34.9%

34.1%

23.6%

28.2%

Gross profit margin (7)

30.1%

27.2%

25.1%

26.0%

26.1%

24.4%

Operating income margin (1)

6.0%

5.8%

5.9%

6.0%

7.8%

7.0%

Pretax income margin (2)

5.0%

4.9%

5.2%

5.2%

7.2%

6.3%

Net income margin – Reliance

3.5%

3.3%

3.6%

3.5%

4.8%

4.2%

20