Income Statement
| Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | |
|---|---|---|---|---|
| Net Sales | 7,070.10 | 7,159.00 | 6,613.80 | 6,086.50 |
| Revenue | 7,070.10 | 7,159.00 | 6,613.80 | 6,086.50 |
| Total Revenue | 7,070.10 | 7,159.00 | 6,613.80 | 6,086.50 |
| Cost of Revenue | 5,166.00 | 5,243.50 | 4,801.60 | 4,386.80 |
| Cost of Revenue, Total | 5,166.00 | 5,243.50 | 4,801.60 | 4,386.80 |
| Gross Profit | 1,904.10 | 1,915.50 | 1,812.20 | 1,699.70 |
| Selling/General/Administrative Expense | 1,080.40 | 1,022.00 | 956.70 | 976.50 |
| Labor & Related Expense | -- | 34.30 | 30.20 | 27.20 |
| Advertising Expense | -- | -- | -- | -- |
| Selling/General/Administrative Expenses, Total | 1,080.40 | 1,056.30 | 986.90 | 1,003.70 |
| Research & Development | -- | 98.20 | 93.40 | 89.70 |
| Interest Expense - Operating | 75.80 | 58.50 | 63.00 | 59.90 |
| Interest Capitalized - Operating | -- | -- | -- | -- |
| Interest Expense, Net - Operating | 75.80 | 58.50 | 63.00 | 59.90 |
| Investment Income - Operating | -- | -27.00 | 42.90 | 4.10 |
| Interest/Investment Income - Operating | -- | -27.00 | 42.90 | 4.10 |
| Interest Expense (Income), Net-Operating, Total | 75.80 | 31.50 | 105.90 | 64.00 |
| Restructuring Charge | 45.30 | 63.50 | 31.20 | 14.70 |
| Litigation | 3.40 | -- | 0.00 | 0.00 |
| Impairment-Assets Held for Use | 5.10 | 10.70 | 2.20 | 5.20 |
| Loss (Gain) on Sale of Assets - Operating | -3.20 | -2.70 | -2.10 | -1.10 |
| Other Unusual Expense (Income) | 446.70 | -1.60 | 5.20 | 46.40 |
| Unusual Expense (Income) | 497.30 | 69.90 | 36.50 | 65.20 |
| Total Operating Expense | 6,819.50 | 6,499.40 | 6,024.30 | 5,609.40 |
| Operating Income | 250.60 | 659.60 | 589.50 | 477.10 |
| Other Non-Operating Income (Expense) | -1.10 | -104.80 | -- | -- |
| Other, Net | -1.10 | -104.80 | -- | -- |
| Net Income Before Taxes | 249.50 | 554.80 | 589.50 | 477.10 |
| Income Tax – Total | -56.70 | 81.80 | 135.70 | 156.40 |
| Income After Tax | 306.20 | 473.00 | 453.80 | 320.70 |
| Equity In Affiliates | -2.60 | -2.00 | -- | -- |
| Net Income Before Extraordinary Items | 303.60 | 471.00 | 453.80 | 320.70 |
| Discontinued Operations | -- | -- | 0.00 | 0.00 |
| Extraordinary Item | -- | -3.60 | -172.00 | -- |
| Total Extraordinary Items | -- | -3.60 | -172.00 | 0.00 |
| Net Income | 303.60 | 467.40 | 281.80 | 320.70 |
| Income Available to Common Excluding Extraordinary Items | 303.60 | 471.00 | 453.80 | 320.70 |
| Income Available to Common Stocks Including Extraordinary Items | 303.60 | 467.40 | 281.80 | 320.70 |
| Basic Weighted Average Shares | 85.00 | 87.30 | 88.30 | 89.10 |
| Basic EPS Excluding Extraordinary Items | 3.57 | 5.40 | 5.14 | 3.60 |
| Basic EPS Including Extraordinary Items | 3.57 | 5.35 | 3.19 | 3.60 |
| Dilution Adjustment | -- | -- | -- | -- |
| Diluted Net Income | 303.60 | 467.40 | 281.80 | 320.70 |
| Diluted Weighted Average Shares | 85.00 | 88.60 | 90.10 | 90.70 |
| Diluted EPS Excluding Extraordinary Items | 3.57 | 5.32 | 5.04 | 3.54 |
| Diluted EPS Including Extraordinary Items | 3.57 | 5.28 | 3.13 | 3.54 |
| DPS - Common Stock Primary Issue | 2.26 | 2.01 | 1.76 | 1.60 |
| Gross Dividends - Common Stock | -- | 175.00 | 155.50 | 142.50 |
| Total Special Items | 497.30 | 69.90 | 36.50 | 65.20 |
| Normalized Income Before Taxes | 746.80 | 624.70 | 626.00 | 542.30 |
| Effect of Special Items on Income Taxes | 174.06 | 10.31 | 8.40 | 21.37 |
| Income Taxes Excluding Impact of Special Items | 117.36 | 92.11 | 144.10 | 177.77 |
| Normalized Income After Taxes | 629.45 | 532.59 | 481.90 | 364.53 |
| Normalized Income Available to Common | 626.85 | 530.59 | 481.90 | 364.53 |
| Basic Normalized EPS | 7.37 | 6.08 | 5.46 | 4.09 |
| Diluted Normalized EPS | 7.37 | 5.99 | 5.35 | 4.02 |
| Amortization of Intangibles, Supplemental | 38.70 | 39.50 | 52.10 | 62.60 |
| Depreciation, Supplemental | 140.30 | 141.50 | 126.60 | 117.50 |
| Interest Expense, Supplemental | 75.80 | 58.50 | 63.00 | 59.90 |
| Interest Capitalized, Supplemental | -- | -5.30 | -4.90 | -3.60 |
| Rental Expense, Supplemental | -- | 66.00 | 64.00 | 58.00 |
| Stock-Based Compensation, Supplemental | -- | 34.30 | 30.20 | 27.20 |
| Advertising Expense, Supplemental | -- | -- | -- | -- |
| Equity in Affiliates, Supplemental | -2.60 | -2.00 | -- | -- |
| Research & Development Expense, Supplemental | -- | 98.20 | 93.40 | 89.70 |
| Audit-Related Fees, Supplemental | -- | 7.95 | 8.03 | 7.00 |
| Audit-Related Fees | -- | 0.50 | 0.45 | 0.80 |
| Tax Fees, Supplemental | -- | 4.10 | 3.32 | 4.00 |
| All Other Fees Paid to Auditor, Supplemental | -- | 0.04 | 0.06 | 0.00 |
| Gross Margin | 26.93 | 26.76 | 27.40 | 27.93 |
| Operating Margin | 3.54 | 9.21 | 8.91 | 7.84 |
| Pretax Margin | 3.53 | 7.75 | 8.91 | 7.84 |
| Effective Tax Rate | -22.73 | 14.74 | 23.02 | 32.78 |
| Net Profit Margin | 4.29 | 6.58 | 6.86 | 5.27 |
| Normalized EBIT | 823.70 | 761.00 | 731.90 | 606.30 |
| Normalized EBITDA | 1,002.70 | 942.00 | 910.60 | 786.40 |
| Current Tax - Domestic | -- | -19.70 | -109.30 | 10.10 |
| Current Tax - Foreign | -- | 134.30 | 111.00 | 77.30 |
| Current Tax - Local | -- | 0.80 | 0.20 | 0.60 |
| Current Tax - Total | -- | 115.40 | 1.90 | 88.00 |
| Deferred Tax - Domestic | -- | -6.30 | 119.10 | 64.40 |
| Deferred Tax - Foreign | -- | -26.00 | 18.40 | 7.00 |
| Deferred Tax - Local | -- | 2.30 | -3.70 | -3.00 |
| Deferred Tax - Total | -- | -30.00 | 133.80 | 68.40 |
| Other Tax | -- | -3.60 | -- | -- |
| Income Tax - Total | -- | 81.80 | 135.70 | 156.40 |
| Interest Cost - Domestic | -- | 34.50 | 35.30 | 34.40 |
| Service Cost - Domestic | -- | 0.00 | 0.50 | 0.80 |
| Prior Service Cost - Domestic | -- | 0.80 | 0.90 | 1.20 |
| Expected Return on Assets - Domestic | -- | -42.50 | -40.50 | -42.70 |
| Actuarial Gains and Losses - Domestic | -- | 20.60 | 20.40 | 19.00 |
| Curtailments & Settlements - Domestic | -- | -- | -- | -- |
| Transition Costs - Domestic | -- | -- | -- | -- |
| Other Pension, Net - Domestic | -- | 0.00 | 0.00 | 41.40 |
| Domestic Pension Plan Expense | -- | 13.40 | 16.60 | 54.10 |
| Interest Cost - Foreign | -- | 15.70 | 14.30 | 16.40 |
| Service Cost - Foreign | -- | 19.20 | 18.20 | 13.90 |
| Prior Service Cost - Foreign | -- | -0.50 | -0.40 | 0.00 |
| Expected Return on Assets - Foreign | -- | -23.80 | -21.10 | -21.40 |
| Actuarial Gains and Losses - Foreign | -- | 8.10 | 10.80 | 7.00 |
| Curtailments & Settlements - Foreign | -- | 0.00 | 0.00 | -0.20 |
| Transition Costs - Foreign | -- | 0.00 | 0.00 | 0.10 |
| Foreign Pension Plan Expense | -- | 18.70 | 21.80 | 15.80 |
| Interest Cost - Post-Retirement | -- | 0.10 | 0.10 | 0.10 |
| Service Cost - Post-Retirement | -- | 0.00 | 0.00 | 0.00 |
| Prior Service Cost - Post-Retirement | -- | -3.30 | -3.30 | -3.20 |
| Actuarial Gains and Losses - Post-Retirement | -- | 1.40 | 1.50 | 1.70 |
| Curtailments & Settlements - Post-Retirement | -- | -- | -- | -- |
| Post-Retirement Plan Expense | -- | -1.80 | -1.70 | -1.40 |
| Defined Contribution Expense - Domestic | -- | 21.80 | 20.20 | 20.00 |
| Total Pension Expense | -- | 52.10 | 56.90 | 88.50 |
| Discount Rate - Domestic | -- | 3.72 | 4.18 | 4.55 |
| Discount Rate - Foreign | -- | 2.25 | 2.12 | 2.95 |
| Discount Rate - Post-Retirement | -- | 3.55 | 3.95 | 4.13 |
| Expected Rate of Return - Domestic | -- | 7.00 | 7.00 | 7.25 |
| Expected Rate of Return - Foreign | -- | 7.00 | 7.25 | 4.14 |
| Compensation Rate - Domestic | -- | -- | -- | -- |
| Compensation Rate - Foreign | -- | 2.26 | 2.27 | 2.24 |
| Total Plan Interest Cost | -- | 50.30 | 49.70 | 50.90 |
| Total Plan Service Cost | -- | 19.20 | 18.70 | 14.70 |
| Total Plan Expected Return | -- | -66.30 | -61.60 | -64.10 |
| Total Plan Other Expense | -- | 0.00 | 0.00 | 41.40 |
In millions of USD (except for per share items)
Copyright Thomson Reuters Corporation