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 3,659.10 3,570.40 2,569.10 1,762.80 2,006.90
Cost of Revenue, Total 3,659.10 3,570.40 2,569.10 1,762.80 2,006.90
Gross Profit 919.50 1,038.90 747.20 656.50 727.90
Selling/General/Administrative Expense 852.20 912.40 732.40 462.90 469.20
Selling/General/Administrative Expenses, Total 852.20 912.40 732.40 462.90 469.20
Research & Development 154.40 156.60 105.10 86.30 83.70
Restructuring Charge 65.00 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) 275.80 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 -152.00 -113.00 -96.30 -28.30 -25.10
Interest Expense, Net Non-Operating -152.00 -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 -2.40 -8.20 2.00 -14.20 -18.10
Interest/Investment Income, Non-Operating 6.30 12.10 23.50 11.80 16.40
Interest Income (Expense), Net-Non-Operating, Total -145.70 -100.90 -72.80 -16.50 -8.70
Other Non-Operating Income (Expense) -7.00 8.80 -5.70 3.70 -1.60
Other, Net -7.00 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 7.10 -51.90 -67.60 -13.70 47.40
Income After Tax -522.70 -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 -538.60 -151.40 -176.70 57.80 104.70
Discontinued Operations 0.00 0.00 143.70 15.90 9.70
Extraordinary Item -30.10 -81.70 -- -- --
Total Extraordinary Items -30.10 -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 -538.60 -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 -7.09 -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 -7.09 -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 7.70 30.60 64.60 75.60 74.95
Restructuring Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental 67.70 -- -- -- --
Non-Recurring Items, Total 67.70 -- -- -- --
Total Special Items 343.50 53.50 69.50 48.70 10.00
Normalized Income Before Taxes -172.10 -122.20 -168.80 94.50 164.70
Effect of Special Items on Income Taxes 120.23 18.73 24.33 17.05 3.06
Income Taxes Excluding Impact of Special Items 127.33 -33.18 -43.28 3.35 50.46
Normalized Income After Taxes -299.43 -89.03 -125.53 91.16 114.24
Normalized Income Available to Common -315.33 -116.63 -131.53 89.46 111.64
Basic Normalized EPS -4.15 -1.54 -1.90 1.38 1.73
Diluted Normalized EPS -4.15 -1.54 -1.90 1.36 1.71
Amortization of Intangibles, Supplemental 33.70 34.60 24.40 14.50 18.30
Depreciation, Supplemental 225.00 217.60 110.40 49.50 55.10
Interest Expense, Supplemental 152.00 113.00 96.30 28.30 25.10
Rental Expense, Supplemental 81.40 89.60 84.30 67.70 72.20
Stock-Based Compensation, Supplemental 36.60 33.90 22.20 12.40 21.50
Advertising Expense, Supplemental 10.10 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 154.40 156.60 105.10 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 20.08 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 -11.76 -3.28 -5.33 2.39 3.83
Normalized EBIT -19.40 -30.10 -90.30 107.30 175.00
Normalized EBITDA 239.30 222.10 44.50 171.30 248.40
Current Tax - Domestic 0.80 -4.40 -67.20 -2.00 0.30
Current Tax - Foreign 49.00 72.90 54.00 38.20 61.50
Current Tax - Local 1.90 1.70 -10.60 -0.60 0.00
Current Tax - Total 51.70 70.20 -23.80 35.60 61.80
Deferred Tax - Domestic -25.50 -74.10 3.60 -38.30 -2.60
Deferred Tax - Foreign -19.80 -44.90 -50.20 -11.10 -9.40
Deferred Tax - Local 0.70 -3.10 2.80 0.10 -2.40
Deferred Tax - Total -44.60 -122.10 -43.80 -49.30 -14.40
Income Tax - Total 7.10 -51.90 -67.60 -13.70 47.40
Interest Cost - Domestic 20.60 22.90 27.40 23.80 23.00
Service Cost - Domestic 3.90 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 -24.60 -25.90 -30.50 -27.00 -25.80
Actuarial Gains and Losses - Domestic 6.60 5.90 5.50 6.60 3.03
Curtailments & Settlements - Domestic 0.00 0.00 -4.60 0.00 0.00
Domestic Pension Plan Expense 6.50 6.80 6.80 7.10 2.99
Interest Cost - Foreign 6.20 5.70 -- -- --
Service Cost - Foreign 11.00 10.50 -- -- --
Prior Service Cost - Foreign -- 0.00 -- -- --
Expected Return on Assets - Foreign -10.50 -4.50 -- -- --
Actuarial Gains and Losses - Foreign -0.70 -0.40 -- -- --
Curtailments & Settlements - Foreign -2.20 -0.50 -- -- --
Foreign Pension Plan Expense 3.80 10.80 -- -- --
Interest Cost - Post-Retirement 0.40 0.40 0.70 0.70 0.63
Service Cost - Post-Retirement 0.00 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 0.00
Actuarial Gains and Losses - Post-Retirement 0.00 0.00 0.20 0.30 0.20
Curtailments & Settlements - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Post-Retirement Plan Expense 0.40 0.40 0.90 0.80 0.60
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 10.70 18.00 7.70 7.90 3.60
Discount Rate - Domestic 3.71 4.24 2.77 4.21 5.09
Discount Rate - Foreign 1.45 1.47 -- -- --
Discount Rate - Post-Retirement 3.71 4.24 2.94 4.21 5.09
Expected Rate of Return - Domestic 6.80 7.40 4.19 7.75 7.95
Expected Rate of Return - Foreign 2.97 1.34 -- -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 27.20 29.00 28.10 24.50 23.63
Total Plan Service Cost 14.90 14.40 9.00 3.70 2.92
Total Plan Expected Return -35.10 -30.40 -30.50 -27.00 -25.80
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