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1. CONSOLIDATED INCOME STATEMENT

(Amounts in thousands of euros) (Notes) 2016 2015
Net sales (3) 23,310,532 20,900,439
Cost of sales (4) (10,031,982) (8,811,139)
GROSS PROFIT 13,278,550 12,089,300
57.0% 57.8%
Operating expenses (5) (8,175,581) (7,391,832)
Other losses and income, net (6) (19,548) 1,691
GROSS OPERATING PROFIT (EBITDA) 5,083,420 4,699,159
Amortization and depreciation (7) (1.062.686) (1,021,717)
NET OPERATING PROFIT (EBIT) 4,020,734 3,677,442
Financial results (8) 9,997 10,069
Results of companies accounted for using the equity method (17) 47,588 55,607
PROFIT BEFORE TAXES 4,078,319 3,743,118
Income tax (24) (917,214) (860,917)
NET PROFIT 3,161,105 2,882,201
NET PROFIT ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 4,148 7,617
NET PROFIT ATTRIBUTABLE TO THE PARENT 3,156,957 2,874,584
BASIC AND DILUATED EARNINGS PER SHARE, euros (9) 1.014 0.923