Fundamentals - 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 (Restated)
Net Sales 4,578.60 4,609.30 3,316.30 2,419.30 2,734.80
Revenue 4,578.60 4,609.30 3,316.30 2,419.30 2,734.80
Total Revenue 4,578.60 4,609.30 3,316.30 2,419.30 2,734.80
Cost of Revenue 3,687.70 3,570.40 2,569.10 1,762.80 2,006.90
Cost of Revenue, Total 3,687.70 3,570.40 2,569.10 1,762.80 2,006.90
Gross Profit 890.90 1,038.90 747.20 656.50 727.90
Selling/General/Administrative Expense 885.60 912.40 732.40 462.90 469.20
Selling/General/Administrative Expenses, Total 885.60 912.40 732.40 462.90 469.20
Research & Development 157.40 156.60 105.10 86.30 83.70
Restructuring Charge -- 49.40 59.40 21.20 11.60
Impairment-Assets Held for Use 217.50 3.10 9.80 18.90 2.10
Loss (Gain) on Sale of Assets - Operating -6.70 1.00 0.30 -0.60 -12.90
Other Unusual Expense (Income) -- -- -- 9.20 9.20
Unusual Expense (Income) 210.80 53.50 69.50 48.70 10.00
Total Operating Expense 4,941.50 4,692.90 3,476.10 2,360.70 2,569.80
Operating Income -362.90 -83.60 -159.80 58.60 165.00
Interest Expense - Non-Operating -154.90 -113.00 -96.30 -28.30 -25.10
Interest Expense, Net Non-Operating -154.90 -113.00 -96.30 -28.30 -25.10
Interest Income, Non-Operating 8.70 20.30 21.50 26.00 34.50
Investment Income, Non-Operating -2.50 -8.20 2.00 -14.20 -18.10
Interest/Investment Income, Non-Operating 6.20 12.10 23.50 11.80 16.40
Interest Income (Expense), Net-Non-Operating, Total -148.70 -100.90 -72.80 -16.50 -8.70
Other Non-Operating Income (Expense) -4.00 8.80 -5.70 3.70 -1.60
Other, Net -4.00 8.80 -5.70 3.70 -1.60
Net Income Before Taxes -515.60 -175.70 -238.30 45.80 154.70
Income Tax – Total 37.20 -51.90 -67.60 -13.70 47.40
Income After Tax -552.80 -123.80 -170.70 59.50 107.30
Minority Interest -2.70 -27.60 -6.00 -1.70 -2.60
Equity In Affiliates -13.20 -- -- -- --
Net Income Before Extraordinary Items -568.70 -151.40 -176.70 57.80 104.70
Discontinued Operations -- 0.00 143.70 15.90 9.70
Extraordinary Item -- -81.70 -- -- --
Total Extraordinary Items -- -81.70 143.70 15.90 9.70
Net Income -568.70 -233.10 -33.00 73.70 114.40
Income Available to Common Excluding Extraordinary Items -568.70 -151.40 -176.70 57.80 104.70
Income Available to Common Stocks Including Extraordinary Items -568.70 -233.10 -33.00 73.70 114.40
Basic Weighted Average Shares 76.00 75.50 69.10 64.90 64.50
Basic EPS Excluding Extraordinary Items -7.48 -2.01 -2.56 0.89 1.62
Basic EPS Including Extraordinary Items -7.48 -3.09 -0.48 1.14 1.77
Dilution Adjustment -- -- -- -- --
Diluted Net Income -568.70 -233.10 -33.00 73.70 114.40
Diluted Weighted Average Shares 76.00 75.50 69.10 65.60 65.20
Diluted EPS Excluding Extraordinary Items -7.48 -2.01 -2.56 0.88 1.61
Diluted EPS Including Extraordinary Items -7.48 -3.09 -0.48 1.12 1.75
DPS - Common Stock Primary Issue -- 0.40 0.96 1.15 1.15
Gross Dividends - Common Stock -- 30.60 64.60 75.60 74.95
Litigation Charge, Supplemental -0.20 -- -- -- --
Restructuring Charge, Supplemental -0.85 -- -- -- --
Other Unusual Expense (Income), Supplemental -0.62 -- -- -- --
Non-Recurring Items, Total -1.67 -- -- -- --
Total Special Items 209.13 53.50 69.50 48.70 10.00
Normalized Income Before Taxes -306.47 -122.20 -168.80 94.50 164.70
Effect of Special Items on Income Taxes 73.20 18.73 24.33 17.05 3.06
Income Taxes Excluding Impact of Special Items 110.40 -33.18 -43.28 3.35 50.46
Normalized Income After Taxes -416.87 -89.03 -125.53 91.16 114.24
Normalized Income Available to Common -432.77 -116.63 -131.53 89.46 111.64
Basic Normalized EPS -5.69 -1.54 -1.90 1.38 1.73
Diluted Normalized EPS -5.69 -1.54 -1.90 1.36 1.71
Amortization of Intangibles, Supplemental -- 34.60 24.40 14.50 18.30
Depreciation, Supplemental 258.70 217.60 110.40 49.50 55.10
Interest Expense, Supplemental 154.90 113.00 96.30 28.30 25.10
Rental Expense, Supplemental -- 89.60 84.30 67.70 72.20
Stock-Based Compensation, Supplemental -- 33.90 22.20 12.40 21.50
Advertising Expense, Supplemental -- 11.00 14.00 11.60 16.70
Equity in Affiliates, Supplemental -13.20 -- -- -- --
Minority Interest, Supplemental -2.70 -27.60 -6.00 -1.70 -2.60
Research & Development Expense, Supplemental 157.40 156.60 105.10 86.30 83.70
Audit-Related Fees, Supplemental -- 7.79 7.49 4.62 4.29
Audit-Related Fees -- 0.00 0.00 0.00 0.00
Tax Fees, Supplemental -- 1.05 0.34 0.19 0.36
All Other Fees Paid to Auditor, Supplemental -- 1.02 0.72 0.00 0.00
Gross Margin 19.46 22.54 22.53 27.14 26.62
Operating Margin -7.93 -1.81 -4.82 2.42 6.03
Pretax Margin -11.26 -3.81 -7.19 1.89 5.66
Effective Tax Rate -- -- -- -29.91 30.64
Net Profit Margin -12.42 -3.28 -5.33 2.39 3.83
Normalized EBIT -153.77 -30.10 -90.30 107.30 175.00
Normalized EBITDA 104.93 222.10 44.50 171.30 248.40
Current Tax - Domestic -- -4.40 -67.20 -2.00 0.30
Current Tax - Foreign -- 72.90 54.00 38.20 61.50
Current Tax - Local -- 1.70 -10.60 -0.60 0.00
Current Tax - Total -- 70.20 -23.80 35.60 61.80
Deferred Tax - Domestic -- -74.10 3.60 -38.30 -2.60
Deferred Tax - Foreign -- -44.90 -50.20 -11.10 -9.40
Deferred Tax - Local -- -3.10 2.80 0.10 -2.40
Deferred Tax - Total -- -122.10 -43.80 -49.30 -14.40
Income Tax - Total -- -51.90 -67.60 -13.70 47.40
Interest Cost - Domestic -- 22.90 27.40 23.80 23.00
Service Cost - Domestic -- 3.90 9.00 3.70 2.92
Prior Service Cost - Domestic -- 0.00 0.00 0.00 -0.16
Expected Return on Assets - Domestic -- -25.90 -30.50 -27.00 -25.80
Actuarial Gains and Losses - Domestic -- 5.90 5.50 6.60 3.03
Curtailments & Settlements - Domestic -- 0.00 -4.60 0.00 0.00
Domestic Pension Plan Expense -- 6.80 6.80 7.10 2.99
Interest Cost - Foreign -- 5.70 -- -- --
Service Cost - Foreign -- 10.50 -- -- --
Prior Service Cost - Foreign -- 0.00 -- -- --
Expected Return on Assets - Foreign -- -4.50 -- -- --
Actuarial Gains and Losses - Foreign -- -0.40 -- -- --
Curtailments & Settlements - Foreign -- -0.50 -- -- --
Foreign Pension Plan Expense -- 10.80 -- -- --
Interest Cost - Post-Retirement -- 0.40 0.70 0.70 0.63
Service Cost - Post-Retirement -- 0.00 0.00 0.00 0.00
Prior Service Cost - Post-Retirement -- 0.00 0.00 -0.20 -0.23
Expected Return on Assets - Post-Retirement -- 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement -- 0.00 0.20 0.30 0.20
Curtailments & Settlements - Post-Retirement -- 0.00 0.00 0.00 0.00
Post-Retirement Plan Expense -- 0.40 0.90 0.80 0.60
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense -- 18.00 7.70 7.90 3.60
Discount Rate - Domestic -- 4.24 2.77 4.21 5.09
Discount Rate - Foreign -- 1.47 -- -- --
Discount Rate - Post-Retirement -- 4.24 2.94 4.21 5.09
Expected Rate of Return - Domestic -- 7.40 4.19 7.75 7.95
Expected Rate of Return - Foreign -- 1.34 -- -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost -- 29.00 28.10 24.50 23.63
Total Plan Service Cost -- 14.40 9.00 3.70 2.92
Total Plan Expected Return -- -30.40 -30.50 -27.00 -25.80
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