Annual Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated)
Net Sales 16,120.90 13,978.50 11,554.80 11,333.40 10,308.00
Revenue 16,120.90 13,978.50 11,554.80 11,333.40 10,308.00
Total Revenue 16,120.90 13,978.50 11,554.80 11,333.40 10,308.00
Cost of Revenue 10,496.60 9,025.70 8,302.30 8,157.00 7,216.20
Cost of Revenue, Total 10,496.60 9,025.70 8,302.30 8,157.00 7,216.20
Gross Profit 5,624.30 4,952.80 3,252.50 3,176.40 3,091.80
Selling/General/Administrative Expense 1,898.80 1,674.70 1,523.50 1,570.90 1,499.20
Selling/General/Administrative Expenses, Total 1,898.80 1,674.70 1,523.50 1,570.90 1,499.20
Amortization of Intangibles, Operating 369.60 275.40 243.20 231.70 216.50
Depreciation/Amortization 369.60 275.40 243.20 231.70 216.50
Restructuring Charge 43.10 40.60 54.60 48.10 70.90
Impairment-Assets Held for Use 0.00 462.10 -- -- --
Impairment-Assets Held for Sale -- -- 5.20 -- --
Other Unusual Expense (Income) 59.50 -2.90 101.00 -- --
Unusual Expense (Income) 102.60 499.80 160.80 48.10 70.90
Total Operating Expense 12,867.60 11,475.60 10,229.80 10,007.70 9,002.80
Operating Income 3,253.30 2,502.90 1,325.00 1,325.70 1,305.20
Interest Expense - Non-Operating -212.10 -207.40 -240.70 -244.20 -235.10
Interest Expense, Net Non-Operating -212.10 -207.40 -240.70 -244.20 -235.10
Investment Income, Non-Operating 94.10 3.10 28.40 19.10 13.40
Interest/Investment Income, Non-Operating 94.10 3.10 28.40 19.10 13.40
Interest Income (Expense), Net-Non-Operating, Total -118.00 -204.30 -212.30 -225.10 -221.70
Other Non-Operating Income (Expense) -8.70 -79.50 -7.80 167.70 -6.00
Other, Net -8.70 -79.50 -7.80 167.70 -6.00
Net Income Before Taxes 3,126.60 2,219.10 1,104.90 1,268.30 1,077.50
Income Tax – Total 747.10 662.10 280.00 339.50 363.60
Income After Tax 2,379.50 1,557.00 824.90 928.80 713.90
Minority Interest -2.20 -0.90 -1.10 -0.20 -5.80
Net Income Before Extraordinary Items 2,377.30 1,556.10 823.80 928.60 708.10
Extraordinary Item -- -- -- -44.90 519.00
Total Extraordinary Items -- -- -- -44.90 519.00
Net Income 2,377.30 1,556.10 823.80 883.70 1,227.10
Income Available to Common Excluding Extraordinary Items 2,377.30 1,556.10 823.80 928.60 708.10
Income Available to Common Stocks Including Extraordinary Items 2,377.30 1,556.10 823.80 883.70 1,227.10
Basic Weighted Average Shares 96.70 97.30 97.90 101.40 102.40
Basic EPS Excluding Extraordinary Items 24.58 15.99 8.41 9.16 6.92
Basic EPS Including Extraordinary Items 24.58 15.99 8.41 8.71 11.98
Dilution Adjustment -- -- -- -- --
Diluted Net Income 2,377.30 1,556.10 823.80 883.70 1,227.10
Diluted Weighted Average Shares 97.50 98.00 98.60 102.60 103.90
Diluted EPS Excluding Extraordinary Items 24.38 15.88 8.35 9.05 6.82
Diluted EPS Including Extraordinary Items 24.38 15.88 8.35 8.61 11.81
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock -- 0.00 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental -- -- 0.00 117.80 --
Non-Recurring Items, Total -- -- 0.00 117.80 --
Total Special Items 102.60 499.80 160.80 165.90 70.90
Normalized Income Before Taxes 3,229.20 2,718.90 1,265.70 1,434.20 1,148.40
Effect of Special Items on Income Taxes 24.52 149.12 40.75 44.41 23.93
Income Taxes Excluding Impact of Special Items 771.62 811.22 320.75 383.91 387.53
Normalized Income After Taxes 2,457.58 1,907.68 944.95 1,050.29 760.87
Normalized Income Available to Common 2,455.38 1,906.78 943.85 1,050.09 755.07
Basic Normalized EPS 25.39 19.60 9.64 10.36 7.37
Diluted Normalized EPS 25.18 19.46 9.57 10.23 7.27
Amortization of Intangibles, Supplemental 369.60 275.40 243.20 231.70 216.50
Depreciation, Supplemental 385.00 349.30 334.00 320.40 316.70
Interest Expense, Supplemental 212.10 207.40 240.70 244.20 235.10
Rental Expense, Supplemental 220.70 215.40 393.10 358.70 313.80
Stock-Based Compensation, Supplemental 153.70 111.70 107.00 91.60 109.70
Equity in Affiliates, Supplemental 26.50 2.90 9.80 11.60 11.30
Minority Interest, Supplemental -2.20 -0.90 -1.10 -0.20 -5.80
Audit-Related Fees, Supplemental -- 3.71 4.80 5.30 3.48
Audit-Related Fees -- 0.80 1.02 0.24 0.38
Tax Fees, Supplemental -- 0.75 1.02 1.40 1.82
All Other Fees Paid to Auditor, Supplemental -- 0.30 0.00 0.00 0.28
Gross Margin 34.89 35.43 28.15 28.03 29.99
Operating Margin 20.18 17.91 11.47 11.70 12.66
Pretax Margin 19.39 15.88 9.56 11.19 10.45
Effective Tax Rate 23.89 29.84 25.34 26.77 33.74
Net Profit Margin 14.75 11.13 7.13 8.19 6.87
Normalized EBIT 3,355.90 3,002.70 1,485.80 1,491.60 1,376.10
Normalized EBITDA 4,110.50 3,627.40 2,063.00 2,043.70 1,909.30
Current Tax - Domestic 545.50 455.30 126.70 225.80 300.80
Current Tax - Foreign 107.70 81.00 83.90 64.30 53.00
Current Tax - Local 171.90 172.80 40.20 61.20 32.90
Current Tax - Total 825.10 709.10 250.80 351.30 386.70
Deferred Tax - Domestic -64.60 -6.70 38.20 -47.40 -28.80
Deferred Tax - Foreign 0.30 -12.20 -11.50 5.60 -5.70
Deferred Tax - Local -13.70 -28.10 2.50 30.00 11.40
Deferred Tax - Total -78.00 -47.00 29.20 -11.80 -23.10
Income Tax - Total 747.10 662.10 280.00 339.50 363.60
Interest Cost - Domestic 8.30 11.10 13.90 13.00 --
Service Cost - Domestic 3.90 5.10 4.10 5.20 --
Expected Return on Assets - Domestic -17.30 -14.90 -15.10 -16.50 --
Curtailments & Settlements - Domestic 3.70 -- -- 7.50 --
Other Pension, Net - Domestic 10.00 9.70 10.90 11.70 --
Domestic Pension Plan Expense 8.60 11.00 13.80 20.90 --
Interest Cost - Foreign 8.10 10.90 10.90 8.00 --
Service Cost - Foreign 2.40 2.10 5.70 6.00 --
Expected Return on Assets - Foreign -16.30 -16.60 -15.00 -12.60 --
Other Pension, Net - Foreign 0.30 0.30 -1.20 -1.30 --
Foreign Pension Plan Expense -5.50 -3.30 0.40 0.10 --
Interest Cost - Post-Retirement 0.10 0.20 0.30 0.30 --
Service Cost - Post-Retirement -- -- 0.00 0.00 --
Actuarial Gains and Losses - Post-Retirement 0.30 0.40 0.80 -2.60 --
Post-Retirement Plan Expense 0.40 0.60 1.10 -2.30 --
Defined Contribution Expense - Domestic 168.90 141.80 126.20 131.30 --
Total Pension Expense 172.40 150.10 141.50 150.00 --
Discount Rate - Domestic 2.40 3.30 4.20 1.70 --
Discount Rate - Foreign 1.10 1.70 2.90 2.50 --
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic 6.00 6.00 -- -- --
Expected Rate of Return - Foreign 6.00 6.00 4.40 4.50 --
Compensation Rate - Domestic -- -- -- -- --
Compensation Rate - Foreign 2.00 3.10 -- -- --
Total Plan Interest Cost 16.50 22.20 25.10 21.30 --
Total Plan Service Cost 6.30 7.20 9.80 11.20 --
Total Plan Expected Return -33.60 -31.50 -30.10 -29.10 --
Total Plan Other Expense 10.30 10.00 9.70 10.40 --

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