Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Reclassified) Year Ending Dec 2014 (Reclassified)
Net Sales 11,333.40 10,308.00 9,552.90 8,680.10 6,011.60
Revenue 11,333.40 10,308.00 9,552.90 8,680.10 6,011.60
Total Revenue 11,333.40 10,308.00 9,552.90 8,680.10 6,011.60
Cost of Revenue 8,157.00 7,216.20 6,698.90 5,776.80 3,808.50
Cost of Revenue, Total 8,157.00 7,216.20 6,698.90 5,776.80 3,808.50
Gross Profit 3,176.40 3,091.80 2,854.00 2,903.30 2,203.10
Selling/General/Administrative Expense 1,570.90 1,499.20 1,345.50 1,628.10 1,204.30
Selling/General/Administrative Expenses, Total 1,570.90 1,499.20 1,345.50 1,628.10 1,204.30
Amortization of Intangibles, Operating 231.70 216.50 179.50 164.50 76.70
Depreciation/Amortization 231.70 216.50 179.50 164.50 76.70
Restructuring Charge 48.10 70.90 58.40 113.90 17.80
Other Unusual Expense (Income) -- -- -- -- --
Unusual Expense (Income) 48.10 70.90 58.40 113.90 17.80
Total Operating Expense 10,007.70 9,002.80 8,282.30 7,683.30 5,107.30
Operating Income 1,325.70 1,305.20 1,270.60 996.80 904.30
Interest Expense - Non-Operating -244.20 -235.10 -219.10 -274.90 -109.50
Interest Expense, Net Non-Operating -244.20 -235.10 -219.10 -274.90 -109.50
Investment Income, Non-Operating 19.10 13.40 9.60 11.90 15.40
Interest/Investment Income, Non-Operating 19.10 13.40 9.60 11.90 15.40
Interest Income (Expense), Net-Non-Operating, Total -225.10 -221.70 -209.50 -263.00 -94.10
Other Non-Operating Income (Expense) 167.70 -6.00 12.50 -7.80 10.40
Other, Net 167.70 -6.00 12.50 -7.80 10.40
Net Income Before Taxes 1,268.30 1,077.50 1,073.60 726.00 820.60
Income Tax – Total 339.50 363.60 360.70 287.30 308.00
Income After Tax 928.80 713.90 712.90 438.70 512.60
Minority Interest -0.20 -5.80 -1.10 -1.10 -1.40
Net Income Before Extraordinary Items 928.60 708.10 711.80 437.60 511.20
Extraordinary Item -44.90 519.00 -- -- --
Total Extraordinary Items -44.90 519.00 -- -- --
Net Income 883.70 1,227.10 711.80 437.60 511.20
Income Available to Common Excluding Extraordinary Items 928.60 708.10 711.80 437.60 511.20
Income Available to Common Stocks Including Extraordinary Items 883.70 1,227.10 711.80 437.60 511.20
Basic Weighted Average Shares 101.40 102.40 102.50 98.80 84.80
Basic EPS Excluding Extraordinary Items 9.16 6.92 6.94 4.43 6.03
Basic EPS Including Extraordinary Items 8.71 11.98 6.94 4.43 6.03
Dilution Adjustment -- -- -- -- --
Diluted Net Income 883.70 1,227.10 711.80 437.60 511.20
Diluted Weighted Average Shares 102.60 103.90 104.30 100.60 86.40
Diluted EPS Excluding Extraordinary Items 9.05 6.82 6.82 4.35 5.92
Diluted EPS Including Extraordinary Items 8.61 11.81 6.82 4.35 5.92
DPS - Common Stock Primary Issue -- -- -- 0.00 --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental 117.80 -- -- -- --
Non-Recurring Items, Total 117.80 -- -- -- --
Total Special Items 165.90 70.90 58.40 113.90 17.80
Normalized Income Before Taxes 1,434.20 1,148.40 1,132.00 839.90 838.40
Effect of Special Items on Income Taxes 44.41 23.93 19.62 45.07 6.68
Income Taxes Excluding Impact of Special Items 383.91 387.53 380.32 332.37 314.68
Normalized Income After Taxes 1,050.29 760.87 751.68 507.53 523.72
Normalized Income Available to Common 1,050.09 755.07 750.58 506.43 522.32
Basic Normalized EPS 10.36 7.37 7.32 5.13 6.16
Diluted Normalized EPS 10.23 7.27 7.20 5.03 6.05
Amortization of Intangibles, Supplemental 231.70 216.50 179.50 164.50 76.70
Depreciation, Supplemental 320.40 316.70 319.70 293.30 168.80
Interest Expense, Supplemental 244.20 235.10 219.10 274.90 109.50
Rental Expense, Supplemental 358.70 313.80 291.20 287.10 235.70
Stock-Based Compensation, Supplemental 91.60 109.70 109.60 102.10 45.70
Equity in Affiliates, Supplemental 11.60 11.30 7.90 10.00 14.30
Minority Interest, Supplemental -0.20 -5.80 -1.10 -1.10 -1.40
Audit-Related Fees, Supplemental 5.30 3.48 -- 3.82 1.65
Audit-Related Fees 0.24 0.38 -- 0.01 0.00
Tax Fees, Supplemental 1.40 1.82 -- 2.31 0.10
All Other Fees Paid to Auditor, Supplemental 0.00 0.28 -- 0.00 0.00
Gross Margin 28.03 29.99 29.88 33.45 36.65
Operating Margin 11.70 12.66 13.30 11.48 15.04
Pretax Margin 11.19 10.45 11.24 8.36 13.65
Effective Tax Rate 26.77 33.74 33.60 39.57 37.53
Net Profit Margin 8.19 6.87 7.45 5.04 8.50
Normalized EBIT 1,491.60 1,376.10 1,329.00 1,110.70 922.10
Normalized EBITDA 2,043.70 1,909.30 1,828.20 1,568.50 1,167.60
Current Tax - Domestic 225.80 300.80 235.10 218.30 233.60
Current Tax - Foreign 64.30 53.00 43.90 69.40 22.70
Current Tax - Local 61.20 32.90 38.60 33.70 24.00
Current Tax - Total 351.30 386.70 317.60 321.40 280.30
Deferred Tax - Domestic -47.40 -28.80 54.60 -14.10 29.10
Deferred Tax - Foreign 5.60 -5.70 -16.80 -15.80 -5.10
Deferred Tax - Local 30.00 11.40 5.30 -4.20 3.70
Deferred Tax - Total -11.80 -23.10 43.10 -34.10 27.70
Income Tax - Total 339.50 363.60 360.70 287.30 308.00
Interest Cost - Domestic 13.00 -- -- 15.10 16.40
Service Cost - Domestic 5.20 -- -- 3.90 3.40
Expected Return on Assets - Domestic -16.50 -- -- -18.30 -18.30
Curtailments & Settlements - Domestic 7.50 -- -- -- --
Other Pension, Net - Domestic 11.70 -- -- 11.30 6.60
Domestic Pension Plan Expense 20.90 -- -- 12.00 8.10
Interest Cost - Foreign 8.00 -- -- -- --
Service Cost - Foreign 6.00 -- -- -- --
Expected Return on Assets - Foreign -12.60 -- -- -- --
Other Pension, Net - Foreign -1.30 -- -- -- --
Foreign Pension Plan Expense 0.10 -- -- -- --
Interest Cost - Post-Retirement 0.30 -- -- 1.00 1.80
Service Cost - Post-Retirement 0.00 -- -- 0.10 0.20
Actuarial Gains and Losses - Post-Retirement -2.60 -- -- -10.40 -7.90
Post-Retirement Plan Expense -2.30 -- -- -9.30 -5.90
Defined Contribution Expense - Domestic 131.30 -- -- -- --
Total Pension Expense 150.00 -- -- 2.70 2.20
Discount Rate - Domestic 1.70 -- -- 1.50 4.00
Discount Rate - Foreign 2.50 -- -- 3.50 --
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic -- -- -- -- 7.00
Expected Rate of Return - Foreign 4.50 -- -- -- --
Compensation Rate - Domestic -- -- -- 2.00 --
Compensation Rate - Foreign -- -- -- 3.50 --
Total Plan Interest Cost 21.30 -- -- 16.10 18.20
Total Plan Service Cost 11.20 -- -- 4.00 3.60
Total Plan Expected Return -29.10 -- -- -18.30 -18.30
Total Plan Other Expense 10.40 -- -- 11.30 6.60
For a more complete picture of our financial results, please review our SEC Filings

Copyright Thomson Reuters Corporation