Financial Fundamentals - Annual Income Statement

Financial Fundamentals - Annual Income Statement

Annual Income Statement
  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 2,679.01 2,279.10 2,207.80 2,247.05 2,569.50
Revenue 2,679.01 2,279.10 2,207.80 2,247.05 2,569.50
Total Revenue 2,679.01 2,279.10 2,207.80 2,247.05 2,569.50
Cost of Revenue 634.14 502.08 500.46 489.51 478.43
Cost of Revenue, Total 634.14 502.08 500.46 489.51 478.43
Gross Profit 2,044.87 1,777.02 1,707.34 1,757.54 2,091.06
Selling/General/Administrative Expense 1,683.72 1,475.04 1,443.04 1,485.34 1,702.47
Labor & Related Expense 26.60 7.40 8.90 7.40 17.50
Selling/General/Administrative Expenses, Total 1,710.32 1,482.44 1,451.94 1,492.74 1,719.97
Research & Development 23.00 20.10 24.30 20.10 18.90
Restructuring Charge 70.69 -- -- -- --
Unusual Expense (Income) 70.69 -- -- -- --
Total Operating Expense 2,438.15 2,004.62 1,976.69 2,002.35 2,217.31
Operating Income 240.86 274.48 231.10 244.70 352.19
Interest Expense - Non-Operating -21.80 -7.90 -15.60 -7.90 -5.70
Interest Expense, Net Non-Operating -21.80 -7.90 -15.60 -7.90 -5.70
Interest Income (Expense), Net-Non-Operating, Total -21.80 -7.90 -15.60 -7.90 -5.70
Other Non-Operating Income (Expense) 0.61 -1.02 -2.67 -24.84 -47.98
Other, Net 0.61 -1.02 -2.67 -24.84 -47.98
Net Income Before Taxes 219.67 265.57 212.84 211.96 298.51
Income Tax – Total 97.78 88.43 69.75 78.91 109.33
Income After Tax 121.89 177.14 143.09 133.05 189.18
Net Income Before Extraordinary Items 121.89 177.14 143.09 133.05 189.18
Extraordinary Item -- -47.70 -- -- --
Total Extraordinary Items -- -47.70 -- -- --
Net Income 121.89 129.44 143.09 133.05 189.18
Income Available to Common Excluding Extraordinary Items 121.89 177.14 143.09 133.05 189.18
Income Available to Common Stocks Including Extraordinary Items 121.89 129.44 143.09 133.05 189.18
Basic Weighted Average Shares 55.17 52.81 55.41 58.00 59.07
Basic EPS Excluding Extraordinary Items 2.21 3.35 2.58 2.29 3.20
Basic EPS Including Extraordinary Items 2.21 2.45 2.58 2.29 3.20
Dilution Adjustment -- -- -- -- --
Diluted Net Income 121.89 129.44 143.09 133.05 189.18
Diluted Weighted Average Shares 56.48 54.85 56.10 59.06 60.89
Diluted EPS Excluding Extraordinary Items 2.16 3.23 2.55 2.25 3.11
Diluted EPS Including Extraordinary Items 2.16 2.36 2.55 2.25 3.11
DPS - Common Stock Primary Issue 1.46 1.44 1.42 1.40 1.38
Gross Dividends - Common Stock 80.58 76.06 78.44 81.19 81.37
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items 70.69 -- -- -- --
Normalized Income Before Taxes 290.35 265.57 212.84 211.96 298.51
Effect of Special Items on Income Taxes 31.46 -- -- -- --
Income Taxes Excluding Impact of Special Items 129.24 88.43 69.75 78.91 109.33
Normalized Income After Taxes 161.11 177.14 143.09 133.05 189.18
Normalized Income Available to Common 161.11 177.14 143.09 133.05 189.18
Basic Normalized EPS 2.92 3.35 2.58 2.29 3.20
Diluted Normalized EPS 2.85 3.23 2.55 2.25 3.11
Amortization of Intangibles, Supplemental 18.30 8.60 8.40 8.60 8.40
Depreciation, Supplemental 64.70 62.96 64.00 62.77 46.52
Interest Expense, Supplemental 21.80 7.90 15.60 7.90 5.70
Rental Expense, Supplemental 50.70 52.40 48.20 52.40 52.30
Stock-Based Compensation, Supplemental 26.61 19.31 8.89 7.40 17.50
Advertising Expense, Supplemental 19.10 11.00 15.90 11.00 19.60
Research & Development Expense, Supplemental 23.00 20.10 24.30 20.10 18.90
Audit-Related Fees, Supplemental 2.82 2.97 2.86 2.79 2.78
Audit-Related Fees 0.24 0.11 0.14 0.11 0.00
Tax Fees, Supplemental 2.03 2.64 2.47 2.21 1.80
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00 0.03
Gross Margin 76.33 77.97 77.33 78.22 81.38
Operating Margin 8.99 12.04 10.47 10.89 13.71
Pretax Margin 8.20 11.65 9.64 9.43 11.62
Effective Tax Rate 44.51 33.30 32.77 37.23 36.63
Net Profit Margin 4.55 7.77 6.48 5.92 7.36
Normalized EBIT 311.55 274.48 231.10 244.70 352.19
Normalized EBITDA 394.55 346.05 303.50 316.07 407.11
Current Tax - Domestic -- -14.36 0.00 6.33 37.40
Current Tax - Foreign 116.30 104.69 70.65 50.40 48.90
Current Tax - Local 0.65 1.81 -0.72 1.48 2.10
Current Tax - Total 116.96 92.14 69.93 58.21 88.40
Deferred Tax - Domestic -17.84 -2.11 -27.17 16.56 -0.38
Deferred Tax - Foreign 0.63 0.67 25.89 4.82 20.87
Deferred Tax - Local -1.97 -2.27 1.10 -0.67 0.44
Deferred Tax - Total -19.18 -3.71 -0.18 20.70 20.93
Income Tax - Total 97.78 88.43 69.75 78.91 109.33
Other Pension, Net - Foreign 0.00 0.70 0.90 0.70 0.90
Foreign Pension Plan Expense 0.00 0.70 0.90 0.70 0.90
Defined Contribution Expense - Domestic 0.00 4.70 4.30 5.10 3.00
Total Pension Expense 0.01 5.40 5.20 5.80 3.90
Total Plan Other Expense 0.00 0.70 0.90 0.70 0.90
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