Horizontal Analysis of Income Statements Consolidated income statements for Cooper Manufacturing follow. Cooper Manufacturing Consolidated Income Statements (in thousands except per share amounts) Three fiscal years ended December 31 Sales Costs and expenses: 2023 2022 2021 $10,088,322 $7,976,954 $7,211,542 Cost of goods sold $6,844,915 $5,107,113 $4,028,989 Research and development 592,001 664,564 612,135 Selling, general, and administrative 1,384,111 1,550,857 1,617,770 Restructuring costs and other (126,855) 320,856 50,000 $8,694,172 $7,643,390 $6,308,894 Operating income $1,394,150 $333,564 $902,648 Interest and other income, net (21,988) 29,321 64,634 Income before income taxes $1,372,162 $362,885 $967,282 Provision for income taxes 381,525 50,104 315,430 Net income $990,637 $312,781 $651,852 Earnings per common and common equivalent share $3.43 $1.18 $2.34 Common and common equivalent shares used in the calculations of earnings per share 288,740 264,985 278,110