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Fundamentals - Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Reclassified)
Net Sales 4,727.80 2,878.60 2,538.90 3,276.50 3,258.70
Revenue 4,727.80 2,878.60 2,538.90 3,276.50 3,258.70
Total Revenue 4,727.80 2,878.60 2,538.90 3,276.50 3,258.70
Cost of Revenue 2,571.30 1,777.30 1,607.70 2,201.10 2,047.80
Cost of Revenue, Total 2,571.30 1,777.30 1,607.70 2,201.10 2,047.80
Gross Profit 2,156.50 1,101.30 931.20 1,075.40 1,210.90
Selling/General/Administrative Expense 728.70 470.20 458.50 565.80 490.20
Selling/General/Administrative Expenses, Total 728.70 470.20 458.50 565.80 490.20
Research & Development 291.50 141.50 134.50 143.70 126.30
Interest Expense - Operating -- -- -- -- --
Interest Expense, Net - Operating -- -- -- -- --
Interest Income - Operating -- -- -- -- --
Investment Income - Operating -- -- -- 172.10 99.60
Interest/Investment Income - Operating -- -- -- 172.10 99.60
Interest Expense (Income), Net-Operating, Total -- -- -- 172.10 99.60
Restructuring Charge 126.40 16.30 43.40 217.70 17.20
Litigation -- -- -- -- --
Impairment-Assets Held for Use 0.00 42.10 0.00 -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- -- --
Other Unusual Expense (Income) 104.90 130.20 4.20 0.00 23.60
Unusual Expense (Income) 231.30 188.60 47.60 217.70 40.80
Other Operating Expense 21.90 16.60 36.80 21.70 43.70
Other Operating Expenses, Total 21.90 16.60 36.80 21.70 43.70
Total Operating Expense 3,844.70 2,594.20 2,285.10 3,322.10 2,848.40
Operating Income 883.10 284.40 253.80 -45.60 410.30
Interest Expense - Non-Operating -134.50 -80.00 -63.50 -81.40 -51.40
Interest Expense, Net Non-Operating -134.50 -80.00 -63.50 -81.40 -51.40
Interest Income, Non-Operating 1.40 0.90 0.60 1.30 0.20
Investment Income, Non-Operating 0.10 0.10 0.50 -0.20 0.20
Interest/Investment Income, Non-Operating 1.50 1.00 1.10 1.10 0.40
Interest Income (Expense), Net-Non-Operating, Total -133.00 -79.00 -62.40 -80.30 -51.00
Other Non-Operating Income (Expense) -6.40 -24.60 -10.60 -4.60 4.50
Other, Net -6.40 -24.60 -10.60 -4.60 4.50
Net Income Before Taxes 743.70 180.80 180.80 -130.50 363.80
Income Tax – Total 80.30 -51.80 50.10 47.40 56.20
Income After Tax 663.40 232.60 130.70 -177.90 307.60
Minority Interest -9.40 -2.60 -2.60 -9.50 -14.60
Net Income Before Extraordinary Items 654.00 230.00 128.10 -187.40 293.00
Discontinued Operations -143.40 621.70 81.00 676.40 14.50
Extraordinary Item -8.50 -315.90 -- -- --
Total Extraordinary Items -151.90 305.80 81.00 676.40 14.50
Net Income 502.10 535.80 209.10 489.00 307.50
Miscellaneous Earnings Adjustment -2.90 0.00 -0.40 0.00 -0.90
Total Adjustments to Net Income -2.90 0.00 -0.40 0.00 -0.90
Income Available to Common Excluding Extraordinary Items 651.10 230.00 127.70 -187.40 292.10
Income Available to Common Stocks Including Extraordinary Items 499.20 535.80 208.70 489.00 306.60
Basic Weighted Average Shares 134.41 134.26 133.89 133.70 133.33
Basic EPS Excluding Extraordinary Items 4.84 1.71 0.95 -1.40 2.19
Basic EPS Including Extraordinary Items 3.71 3.99 1.56 3.66 2.30
Dilution Adjustment -- -- -- -- 0.00
Diluted Net Income 499.20 535.80 208.70 489.00 306.60
Diluted Weighted Average Shares 135.88 134.26 134.54 133.70 134.28
Diluted EPS Excluding Extraordinary Items 4.79 1.71 0.95 -1.40 2.18
Diluted EPS Including Extraordinary Items 3.67 3.99 1.55 3.66 2.28
DPS - Common Stock Primary Issue 0.66 0.66 0.66 0.50 0.74
Gross Dividends - Common Stock 120.20 88.90 88.60 88.50 80.30
Other Unusual Expense (Income), Supplemental -- -- 23.40 -- --
Non-Recurring Items, Total -- -- 23.40 -- --
Total Special Items 231.30 188.60 71.00 217.70 40.80
Normalized Income Before Taxes 975.00 369.40 251.80 87.20 404.60
Effect of Special Items on Income Taxes 24.97 66.01 19.67 76.20 6.30
Income Taxes Excluding Impact of Special Items 105.27 14.21 69.77 123.60 62.50
Normalized Income After Taxes 869.73 355.19 182.03 -36.40 342.10
Normalized Income Available to Common 857.43 352.59 179.03 -45.90 326.60
Basic Normalized EPS 6.38 2.63 1.34 -0.34 2.45
Diluted Normalized EPS 6.31 2.63 1.33 -0.34 2.43
Amortization of Intangibles, Supplemental 62.90 27.40 23.60 -- --
Depreciation, Supplemental 105.30 85.60 77.00 115.70 131.20
Interest Expense, Supplemental 134.50 80.00 63.50 81.40 51.40
Interest Capitalized, Supplemental -5.00 -3.10 -3.20 -7.80 -8.00
Rental Expense, Supplemental 41.10 27.60 21.20 18.40 23.20
Stock-Based Compensation, Supplemental 23.00 21.10 20.20 15.40 14.80
Equity in Affiliates, Supplemental 0.10 0.10 0.50 -0.20 0.20
Minority Interest, Supplemental -9.40 -2.60 -2.60 -9.50 -14.60
Research & Development Expense, Supplemental 291.50 141.50 134.50 143.70 126.30
Audit-Related Fees, Supplemental 16.95 20.38 7.66 7.88 5.13
Audit-Related Fees 4.32 1.08 0.23 0.92 4.39
Tax Fees, Supplemental 0.81 0.86 0.76 0.75 0.70
All Other Fees Paid to Auditor, Supplemental 0.82 0.72 0.54 0.46 0.30
Gross Margin 45.61 38.26 36.68 32.82 37.16
Operating Margin 18.68 9.88 10.00 -1.39 12.59
Pretax Margin 15.73 6.28 7.12 -3.98 11.16
Effective Tax Rate 10.80 -28.65 27.71 -- 15.45
Net Profit Margin 13.77 7.99 5.03 -5.72 8.96
Normalized EBIT 1,114.40 473.00 324.80 344.20 550.70
Normalized EBITDA 1,282.60 586.00 425.40 459.90 681.90
Current Tax - Domestic 23.60 -15.70 -24.60 -52.60 65.70
Current Tax - Foreign 112.50 58.40 21.60 78.50 43.40
Current Tax - Local 0.10 4.00 -0.20 1.60 4.90
Current Tax - Total 136.20 46.70 -3.20 27.50 114.00
Deferred Tax - Domestic -13.60 -83.30 27.60 23.00 -37.50
Deferred Tax - Foreign -34.30 -14.80 9.50 -1.00 -21.10
Deferred Tax - Local -8.00 -0.40 16.20 -2.10 0.80
Deferred Tax - Total -55.90 -98.50 53.30 19.90 -57.80
Income Tax - Total 80.30 -51.80 50.10 47.40 56.20
Interest Cost - Domestic 44.50 44.80 49.80 61.00 62.30
Service Cost - Domestic 6.30 7.30 8.00 13.00 17.30
Prior Service Cost - Domestic -0.40 0.50 0.70 0.80 1.90
Expected Return on Assets - Domestic -63.00 -78.50 -85.50 -88.90 -86.30
Actuarial Gains and Losses - Domestic 16.00 16.40 39.20 54.60 30.50
Curtailments & Settlements - Domestic -- -- -- -- --
Transition Costs - Domestic -- -- -- -- --
Domestic Pension Plan Expense 3.40 -9.50 12.20 40.50 25.70
Interest Cost - Post-Retirement 0.70 0.70 0.80 0.90 62.30
Service Cost - Post-Retirement 0.00 0.00 0.00 0.00 17.30
Prior Service Cost - Post-Retirement 0.10 -0.10 0.00 0.10 0.10
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement -0.50 -0.90 -1.20 -1.20 -1.60
Transition Costs - Post-Retirement -- -- -- -- --
Post-Retirement Plan Expense 0.30 -0.30 -0.40 -0.20 78.10
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 3.70 -9.80 11.80 40.30 103.80
Discount Rate - Domestic 3.68 4.22 4.50 4.15 4.95
Discount Rate - Post-Retirement 3.10 3.77 3.97 4.15 4.95
Expected Rate of Return - Domestic 5.00 -- -- 7.25 7.75
Expected Rate of Return - Post-Retirement -- -- -- 0.00 --
Compensation Rate - Domestic 5.00 3.60 3.60 3.60 3.60
Compensation Rate - Post-Retirement -- -- -- -- --
Total Plan Interest Cost 45.20 45.50 50.60 61.90 124.60
Total Plan Service Cost 6.30 7.30 8.00 13.00 34.60
Total Plan Expected Return -63.00 -78.50 -85.50 -88.90 -86.30
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