Investor Relations

Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated)
Net Sales 5,627.00 4,262.00 4,277.00 3,948.00
Revenue 5,627.00 4,262.00 4,277.00 3,948.00
Total Revenue 5,627.00 4,262.00 4,277.00 3,948.00
Cost of Revenue 2,724.00 1,727.00 1,751.00 1,537.00
Cost of Revenue, Total 2,724.00 1,727.00 1,751.00 1,537.00
Gross Profit 2,903.00 2,535.00 2,526.00 2,411.00
Selling/General/Administrative Expense 525.00 502.00 518.00 477.00
Labor & Related Expense 786.00 707.00 712.00 670.00
Advertising Expense 39.00 39.00 37.00 31.00
Selling/General/Administrative Expenses, Total 1,350.00 1,248.00 1,267.00 1,178.00
Depreciation 202.00 190.00 210.00 188.00
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization 202.00 190.00 210.00 188.00
Restructuring Charge 48.00 39.00 0.00 0.00
Impairment-Assets Held for Use -- -- 0.00 0.00
Other Unusual Expense (Income) 69.00 14.00 -12.00 54.00
Unusual Expense (Income) 117.00 53.00 -12.00 54.00
Total Operating Expense 4,393.00 3,218.00 3,216.00 2,957.00
Operating Income 1,234.00 1,044.00 1,061.00 991.00
Interest Expense - Non-Operating -101.00 -124.00 -150.00 -143.00
Interest Expense, Net Non-Operating -101.00 -124.00 -150.00 -143.00
Interest Income, Non-Operating 4.00 10.00 10.00 7.00
Investment Income, Non-Operating 75.00 89.00 143.00 17.00
Interest/Investment Income, Non-Operating 79.00 99.00 153.00 24.00
Interest Income (Expense), Net-Non-Operating, Total -22.00 -25.00 3.00 -119.00
Gain (Loss) on Sale of Assets -- -- -- --
Net Income Before Taxes 1,212.00 1,019.00 1,064.00 872.00
Income Tax – Total 279.00 245.00 316.00 232.00
Income After Tax 933.00 774.00 748.00 640.00
Minority Interest -- -- -- --
Net Income Before Extraordinary Items 933.00 774.00 748.00 640.00
Extraordinary Item -- -- -290.00 89.00
Total Extraordinary Items -- -- -290.00 89.00
Net Income 933.00 774.00 458.00 729.00
Income Available to Common Excluding Extraordinary Items 933.00 774.00 748.00 640.00
Income Available to Common Stocks Including Extraordinary Items 933.00 774.00 458.00 729.00
Basic Weighted Average Shares 164.42 164.93 165.35 166.36
Basic EPS Excluding Extraordinary Items 5.67 4.69 4.52 3.85
Basic EPS Including Extraordinary Items 5.67 4.69 2.77 4.38
Dilution Adjustment -- -- -- --
Diluted Net Income 933.00 774.00 458.00 729.00
Diluted Weighted Average Shares 166.90 166.97 167.69 169.59
Diluted EPS Excluding Extraordinary Items 5.59 4.64 4.46 3.77
Diluted EPS Including Extraordinary Items 5.59 4.64 2.73 4.30
DPS - Common Stock Primary Issue 1.94 1.85 1.70 1.46
Gross Dividends - Common Stock 320.00 305.00 280.00 243.00
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total -- -- -- --
Total Special Items 117.00 53.00 -12.00 54.00
Normalized Income Before Taxes 1,329.00 1,072.00 1,052.00 926.00
Effect of Special Items on Income Taxes -77.00 43.00 -4.00 70.00
Income Taxes Excluding Impact of Special Items 202.00 288.00 312.00 302.00
Normalized Income After Taxes 1,127.00 784.00 740.00 624.00
Normalized Income Available to Common 1,127.00 784.00 740.00 624.00
Basic Normalized EPS 6.85 4.75 4.48 3.75
Diluted Normalized EPS 6.75 4.70 4.41 3.68
Amortization of Intangibles, Supplemental 103.00 101.00 109.00 92.00
Depreciation, Supplemental 99.00 89.00 101.00 96.00
Interest Expense, Supplemental 101.00 124.00 150.00 143.00
Rental Expense, Supplemental 85.00 102.00 77.00 80.00
Stock-Based Compensation, Supplemental 87.00 79.00 69.00 70.00
Advertising Expense, Supplemental 39.00 39.00 37.00 31.00
Equity in Affiliates, Supplemental 70.00 84.00 18.00 15.00
Minority Interest, Supplemental -- -- -- --
Audit-Related Fees, Supplemental 5.02 5.83 6.02 --
Audit-Related Fees 1.07 1.11 0.97 --
Tax Fees, Supplemental 0.17 0.30 0.03 --
All Other Fees Paid to Auditor, Supplemental 1.28 1.30 1.19 --
Gross Margin 51.59 59.48 59.06 61.07
Operating Margin 21.93 24.50 24.81 25.10
Pretax Margin 21.54 23.91 24.88 22.09
Effective Tax Rate 23.02 24.04 29.70 26.61
Net Profit Margin 16.58 18.16 17.49 16.21
Normalized EBIT 1,351.00 1,097.00 1,049.00 1,045.00
Normalized EBITDA 1,553.00 1,287.00 1,259.00 1,233.00
Current Tax - Domestic 114.00 120.00 56.00 17.00
Current Tax - Foreign 74.00 50.00 146.00 68.00
Current Tax - Local 50.00 40.00 103.00 51.00
Current Tax - Total 238.00 210.00 305.00 136.00
Deferred Tax - Domestic 37.00 27.00 116.00 24.00
Deferred Tax - Foreign -2.00 1.00 0.00 -1.00
Deferred Tax - Local 6.00 7.00 -105.00 73.00
Deferred Tax - Total 41.00 35.00 11.00 96.00
Income Tax - Total 279.00 245.00 316.00 232.00
Interest Cost - Domestic -- -- -- --
Expected Return on Assets - Domestic -- -- -- --
Actuarial Gains and Losses - Domestic -- -- -- --
Curtailments & Settlements - Domestic -- -- -- --
Domestic Pension Plan Expense -- -- -- --
Defined Contribution Expense - Domestic 37.00 13.00 14.00 --
Defined Contribution Expense - Foreign -- -- -- --
Total Pension Expense 37.00 13.00 14.00 --
Discount Rate - Post-Retirement -- -- -- --
Expected Rate of Return - Domestic -- -- -- --
Total Plan Interest Cost -- -- -- --
Total Plan Expected Return -- -- -- --

In millions of USD (except for per share items)

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