Fundamentals - Income Statement

Fundamentals - Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 4,408.70 4,578.60 4,609.30 3,316.30 2,419.30
Revenue 4,408.70 4,578.60 4,609.30 3,316.30 2,419.30
Total Revenue 4,408.70 4,578.60 4,609.30 3,316.30 2,419.30
Cost of Revenue 3,331.90 3,659.10 3,570.40 2,569.10 1,762.80
Cost of Revenue, Total 3,331.90 3,659.10 3,570.40 2,569.10 1,762.80
Gross Profit 1,076.80 919.50 1,038.90 747.20 656.50
Selling/General/Administrative Expense 871.40 852.20 912.40 732.40 462.90
Selling/General/Administrative Expenses, Total 871.40 852.20 912.40 732.40 462.90
Research & Development 144.10 154.40 156.60 105.10 86.30
Restructuring Charge 50.20 65.00 49.40 59.40 21.20
Impairment-Assets Held for Use 30.20 217.50 3.10 9.80 18.90
Loss (Gain) on Sale of Assets - Operating 7.50 -6.70 1.00 0.30 -0.60
Other Unusual Expense (Income) -- -- -- -- 9.20
Unusual Expense (Income) 87.90 275.80 53.50 69.50 48.70
Total Operating Expense 4,435.30 4,941.50 4,692.90 3,476.10 2,360.70
Operating Income -26.60 -362.90 -83.60 -159.80 58.60
Interest Expense - Non-Operating -199.50 -152.00 -113.00 -96.30 -28.30
Interest Expense, Net Non-Operating -199.50 -152.00 -113.00 -96.30 -28.30
Interest Income, Non-Operating 9.30 8.70 20.30 21.50 26.00
Investment Income, Non-Operating -8.10 -2.40 -8.20 2.00 -14.20
Interest/Investment Income, Non-Operating 1.20 6.30 12.10 23.50 11.80
Interest Income (Expense), Net-Non-Operating, Total -198.30 -145.70 -100.90 -72.80 -16.50
Other Non-Operating Income (Expense) -4.00 -7.00 8.80 -5.70 3.70
Other, Net -4.00 -7.00 8.80 -5.70 3.70
Net Income Before Taxes -228.90 -515.60 -175.70 -238.30 45.80
Income Tax – Total 116.70 7.10 -51.90 -67.60 -13.70
Income After Tax -345.60 -522.70 -123.80 -170.70 59.50
Minority Interest 3.30 -2.70 -27.60 -6.00 -1.70
Equity In Affiliates 1.00 -13.20 -- -- --
Net Income Before Extraordinary Items -341.30 -538.60 -151.40 -176.70 57.80
Discontinued Operations -- 0.00 0.00 143.70 15.90
Extraordinary Item -- -30.10 -81.70 -- --
Total Extraordinary Items -- -30.10 -81.70 143.70 15.90
Net Income -341.30 -568.70 -233.10 -33.00 73.70
Income Available to Common Excluding Extraordinary Items -341.30 -538.60 -151.40 -176.70 57.80
Income Available to Common Stocks Including Extraordinary Items -341.30 -568.70 -233.10 -33.00 73.70
Basic Weighted Average Shares 76.70 76.00 75.50 69.10 64.90
Basic EPS Excluding Extraordinary Items -4.45 -7.09 -2.01 -2.56 0.89
Basic EPS Including Extraordinary Items -4.45 -7.48 -3.09 -0.48 1.14
Dilution Adjustment -- -- -- -- --
Diluted Net Income -341.30 -568.70 -233.10 -33.00 73.70
Diluted Weighted Average Shares 76.70 76.00 75.50 69.10 65.60
Diluted EPS Excluding Extraordinary Items -4.45 -7.09 -2.01 -2.56 0.88
Diluted EPS Including Extraordinary Items -4.45 -7.48 -3.09 -0.48 1.12
DPS - Common Stock Primary Issue -- -- 0.40 0.96 1.15
Gross Dividends - Common Stock 0.00 7.70 30.60 64.60 75.60
Restructuring Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- 67.70 -- -- --
Non-Recurring Items, Total -- 67.70 -- -- --
Total Special Items 87.90 343.50 53.50 69.50 48.70
Normalized Income Before Taxes -141.00 -172.10 -122.20 -168.80 94.50
Effect of Special Items on Income Taxes 30.77 120.23 18.73 24.33 17.05
Income Taxes Excluding Impact of Special Items 147.47 127.33 -33.18 -43.28 3.35
Normalized Income After Taxes -288.47 -299.43 -89.03 -125.53 91.16
Normalized Income Available to Common -284.17 -315.33 -116.63 -131.53 89.46
Basic Normalized EPS -3.70 -4.15 -1.54 -1.90 1.38
Diluted Normalized EPS -3.70 -4.15 -1.54 -1.90 1.36
Amortization of Intangibles, Supplemental 30.60 33.70 34.60 24.40 14.50
Depreciation, Supplemental 195.50 225.00 217.60 110.40 49.50
Interest Expense, Supplemental 199.90 152.00 113.00 96.30 28.30
Rental Expense, Supplemental 109.00 81.40 89.60 84.30 67.70
Stock-Based Compensation, Supplemental 24.00 36.60 33.90 22.20 12.40
Advertising Expense, Supplemental 7.50 10.10 11.00 14.00 11.60
Equity in Affiliates, Supplemental 1.00 -13.20 -- -- --
Minority Interest, Supplemental 3.30 -2.70 -27.60 -6.00 -1.70
Research & Development Expense, Supplemental 144.10 154.40 156.60 105.10 86.30
Audit-Related Fees, Supplemental -- 9.58 7.79 7.49 4.62
Audit-Related Fees -- -- 0.00 0.00 0.00
Tax Fees, Supplemental -- 0.45 1.05 0.34 0.19
All Other Fees Paid to Auditor, Supplemental -- 0.00 1.02 0.72 0.00
Gross Margin 24.42 20.08 22.54 22.53 27.14
Operating Margin -0.60 -7.93 -1.81 -4.82 2.42
Pretax Margin -5.19 -11.26 -3.81 -7.19 1.89
Effective Tax Rate -- -- -- -- -29.91
Net Profit Margin -7.74 -11.76 -3.28 -5.33 2.39
Normalized EBIT 61.30 -19.40 -30.10 -90.30 107.30
Normalized EBITDA 287.40 239.30 222.10 44.50 171.30
Current Tax - Domestic 0.70 0.80 -4.40 -67.20 -2.00
Current Tax - Foreign 36.10 49.00 72.90 54.00 38.20
Current Tax - Local 1.50 1.90 1.70 -10.60 -0.60
Current Tax - Total 38.30 51.70 70.20 -23.80 35.60
Deferred Tax - Domestic 78.10 -25.50 -74.10 3.60 -38.30
Deferred Tax - Foreign -11.70 -19.80 -44.90 -50.20 -11.10
Deferred Tax - Local 12.00 0.70 -3.10 2.80 0.10
Deferred Tax - Total 78.40 -44.60 -122.10 -43.80 -49.30
Income Tax - Total 116.70 7.10 -51.90 -67.60 -13.70
Interest Cost - Domestic 22.10 20.60 22.90 27.40 23.80
Service Cost - Domestic 3.70 3.90 3.90 9.00 3.70
Prior Service Cost - Domestic -- -- 0.00 0.00 0.00
Expected Return on Assets - Domestic -24.70 -24.60 -25.90 -30.50 -27.00
Actuarial Gains and Losses - Domestic 5.10 6.60 5.90 5.50 6.60
Curtailments & Settlements - Domestic 0.00 0.00 0.00 -4.60 0.00
Domestic Pension Plan Expense 6.20 6.50 6.80 6.80 7.10
Interest Cost - Foreign 6.50 6.20 5.70 -- --
Service Cost - Foreign 9.80 11.00 10.50 -- --
Prior Service Cost - Foreign -- -- 0.00 -- --
Expected Return on Assets - Foreign -12.30 -10.50 -4.50 -- --
Actuarial Gains and Losses - Foreign -1.50 -0.70 -0.40 -- --
Curtailments & Settlements - Foreign -0.90 -2.20 -0.50 -- --
Foreign Pension Plan Expense 1.60 3.80 10.80 -- --
Interest Cost - Post-Retirement 1.00 0.40 0.40 0.70 0.70
Service Cost - Post-Retirement 0.10 0.00 0.00 0.00 0.00
Prior Service Cost - Post-Retirement -- -- 0.00 0.00 -0.20
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement 0.40 0.00 0.00 0.20 0.30
Curtailments & Settlements - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Post-Retirement Plan Expense 1.50 0.40 0.40 0.90 0.80
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 9.30 10.70 18.00 7.70 7.90
Discount Rate - Domestic 4.34 3.71 4.24 2.77 4.21
Discount Rate - Foreign 1.60 1.45 1.47 -- --
Discount Rate - Post-Retirement 4.34 3.71 4.24 2.94 4.21
Expected Rate of Return - Domestic 6.80 6.80 7.40 4.19 7.75
Expected Rate of Return - Foreign 3.69 2.97 1.34 -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 29.60 27.20 29.00 28.10 24.50
Total Plan Service Cost 13.60 14.90 14.40 9.00 3.70
Total Plan Expected Return -37.00 -35.10 -30.40 -30.50 -27.00

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