Lincoln Electric Holdings, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 2,852,671 2,853,367 2,694,609 2,070,172
Cost of Revenue 1,910,017 1,986,711 1,957,872 1,506,353
Gross Profit 942,654 866,656 736,737 563,819
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 527,206 495,221 439,775 377,773
Non-Recurring Items 8,463 9,354 282 (384)
Other - - - -
Operating Income 406,985 362,081 296,680 186,430
Income From Continuing Operations
Add'l Income/Expense Items 7,514 6,673 5,970 4,198
Earnings Before Interest and Tax 419,305 373,761 308,035 193,799
Interest Expense 2,864 4,191 6,704 6,691
Earnings Before Tax 416,441 369,570 301,331 187,108
Income Tax 124,754 112,354 84,318 54,898
Minority Interest (2,093) (195) (173) 1,966
Equity Earnings Unconsolidated Subsidiary 4,806 5,007 5,385 3,171
Net Income Cont. Operations 298,586 262,418 222,571 133,415
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 293,780 257,411 217,186 130,244
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 293,780 257,411 217,186 130,244