Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 5,886.00 5,627.00 4,262.00 4,277.00
Revenue 5,886.00 5,627.00 4,262.00 4,277.00
Total Revenue 5,886.00 5,627.00 4,262.00 4,277.00
Cost of Revenue 2,466.00 2,724.00 1,727.00 1,751.00
Cost of Revenue, Total 2,466.00 2,724.00 1,727.00 1,751.00
Gross Profit 3,420.00 2,903.00 2,535.00 2,526.00
Selling/General/Administrative Expense 555.00 525.00 502.00 518.00
Labor & Related Expense 938.00 786.00 707.00 712.00
Advertising Expense 57.00 39.00 39.00 37.00
Selling/General/Administrative Expenses, Total 1,550.00 1,350.00 1,248.00 1,267.00
Depreciation 278.00 202.00 190.00 210.00
Depreciation/Amortization 278.00 202.00 190.00 210.00
Restructuring Charge 31.00 48.00 39.00 0.00
Impairment-Assets Held for Use -- -- -- 0.00
Other Unusual Expense (Income) 36.00 69.00 14.00 -12.00
Unusual Expense (Income) 67.00 117.00 53.00 -12.00
Total Operating Expense 4,361.00 4,393.00 3,218.00 3,216.00
Operating Income 1,525.00 1,234.00 1,044.00 1,061.00
Interest Expense - Non-Operating -125.00 -101.00 -124.00 -150.00
Interest Expense, Net Non-Operating -125.00 -101.00 -124.00 -150.00
Interest Income, Non-Operating 1.00 4.00 10.00 10.00
Investment Income, Non-Operating 133.00 75.00 89.00 143.00
Interest/Investment Income, Non-Operating 134.00 79.00 99.00 153.00
Interest Income (Expense), Net-Non-Operating, Total 9.00 -22.00 -25.00 3.00
Gain (Loss) on Sale of Assets -- -- -- --
Net Income Before Taxes 1,534.00 1,212.00 1,019.00 1,064.00
Income Tax – Total 347.00 279.00 245.00 316.00
Income After Tax 1,187.00 933.00 774.00 748.00
Minority Interest -- -- -- --
Net Income Before Extraordinary Items 1,187.00 933.00 774.00 748.00
Extraordinary Item -- -- -- -290.00
Total Extraordinary Items -- -- -- -290.00
Net Income 1,187.00 933.00 774.00 458.00
Income Available to Common Excluding Extraordinary Items 1,187.00 933.00 774.00 748.00
Income Available to Common Stocks Including Extraordinary Items 1,187.00 933.00 774.00 458.00
Basic Weighted Average Shares 165.90 164.42 164.93 165.35
Basic EPS Excluding Extraordinary Items 7.15 5.67 4.69 4.52
Basic EPS Including Extraordinary Items 7.15 5.67 4.69 2.77
Dilution Adjustment -- -- -- --
Diluted Net Income 1,187.00 933.00 774.00 458.00
Diluted Weighted Average Shares 168.36 166.90 166.97 167.69
Diluted EPS Excluding Extraordinary Items 7.05 5.59 4.64 4.46
Diluted EPS Including Extraordinary Items 7.05 5.59 4.64 2.73
DPS - Common Stock Primary Issue 2.11 1.94 1.85 1.70
Gross Dividends - Common Stock 350.00 320.00 305.00 280.00
Litigation Charge, Supplemental 33.00 -- -- --
Other Unusual Expense (Income), Supplemental -71.00 -- -- --
Non-Recurring Items, Total -38.00 -- -- --
Total Special Items 29.00 117.00 53.00 -12.00
Normalized Income Before Taxes 1,563.00 1,329.00 1,072.00 1,052.00
Effect of Special Items on Income Taxes -61.00 -77.00 43.00 -4.00
Income Taxes Excluding Impact of Special Items 286.00 202.00 288.00 312.00
Normalized Income After Taxes 1,277.00 1,127.00 784.00 740.00
Normalized Income Available to Common 1,277.00 1,127.00 784.00 740.00
Basic Normalized EPS 7.70 6.85 4.75 4.48
Diluted Normalized EPS 7.58 6.75 4.70 4.41
Amortization of Intangibles, Supplemental 170.00 103.00 101.00 109.00
Depreciation, Supplemental 108.00 99.00 89.00 101.00
Interest Expense, Supplemental 125.00 101.00 124.00 150.00
Rental Expense, Supplemental 85.00 85.00 102.00 77.00
Stock-Based Compensation, Supplemental 90.00 87.00 79.00 69.00
Advertising Expense, Supplemental 57.00 39.00 39.00 37.00
Equity in Affiliates, Supplemental 52.00 70.00 84.00 18.00
Minority Interest, Supplemental -- -- -- --
Audit-Related Fees, Supplemental 5.35 5.02 5.83 6.02
Audit-Related Fees 1.27 1.07 1.11 0.97
Tax Fees, Supplemental 0.45 0.17 0.30 0.03
All Other Fees Paid to Auditor, Supplemental 2.10 1.28 1.30 1.19
Gross Margin 58.10 51.59 59.48 59.06
Operating Margin 25.91 21.93 24.50 24.81
Pretax Margin 26.06 21.54 23.91 24.88
Effective Tax Rate 22.62 23.02 24.04 29.70
Net Profit Margin 20.17 16.58 18.16 17.49
Normalized EBIT 1,554.00 1,351.00 1,097.00 1,049.00
Normalized EBITDA 1,832.00 1,553.00 1,287.00 1,259.00
Current Tax - Domestic 144.00 114.00 120.00 56.00
Current Tax - Foreign 64.00 74.00 50.00 146.00
Current Tax - Local 45.00 50.00 40.00 103.00
Current Tax - Total 253.00 238.00 210.00 305.00
Deferred Tax - Domestic 82.00 37.00 27.00 116.00
Deferred Tax - Foreign -10.00 -2.00 1.00 0.00
Deferred Tax - Local 22.00 6.00 7.00 -105.00
Deferred Tax - Total 94.00 41.00 35.00 11.00
Income Tax - Total 347.00 279.00 245.00 316.00
Interest Cost - Domestic -- -- -- --
Expected Return on Assets - Domestic -- -- -- --
Actuarial Gains and Losses - Domestic -- -- -- --
Curtailments & Settlements - Domestic -- -- -- --
Domestic Pension Plan Expense -- -- -- --
Defined Contribution Expense - Domestic 40.00 37.00 13.00 14.00
Defined Contribution Expense - Foreign -- -- -- --
Total Pension Expense 40.00 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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