Income Statement

Income Statement

  Year Ending Jan 2022 (Update) Year Ending Jan 2021 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 8,408.30 6,971.50 7,070.10 7,159.00
Revenue 8,408.30 6,971.50 7,070.10 7,159.00
Total Revenue 8,408.30 6,971.50 7,070.10 7,159.00
Cost of Revenue 6,095.50 5,048.20 5,166.00 5,243.50
Cost of Revenue, Total 6,095.50 5,048.20 5,166.00 5,243.50
Gross Profit 2,312.80 1,923.30 1,904.10 1,915.50
Selling/General/Administrative Expense 1,111.90 947.70 949.80 1,022.00
Labor & Related Expense -- -- 34.50 34.30
Advertising Expense -- -- -- --
Selling/General/Administrative Expenses, Total 1,111.90 947.70 984.30 1,056.30
Research & Development 136.60 112.80 92.60 98.20
Interest Expense - Operating 70.20 70.00 75.80 58.50
Interest Capitalized - Operating -- -- -- --
Interest Expense, Net - Operating 70.20 70.00 75.80 58.50
Investment Income - Operating -23.00 -5.40 3.50 -27.00
Interest/Investment Income - Operating -23.00 -5.40 3.50 -27.00
Interest Expense (Income), Net-Operating, Total 47.20 64.60 79.30 31.50
Restructuring Charge 10.50 49.10 45.30 63.50
Litigation -0.40 0.00 3.40 --
Impairment-Assets Held for Use 3.10 6.20 5.10 10.70
Loss (Gain) on Sale of Assets - Operating 0.20 -0.50 -3.20 -2.70
Other Unusual Expense (Income) 15.20 4.20 446.70 -1.60
Unusual Expense (Income) 28.60 59.00 497.30 69.90
Total Operating Expense 7,419.80 6,232.30 6,819.50 6,499.40
Operating Income 988.50 739.20 250.60 659.60
Other Non-Operating Income (Expense) 4.10 -1.90 -1.10 -104.80
Other, Net 4.10 -1.90 -1.10 -104.80
Net Income Before Taxes 992.60 737.30 249.50 554.80
Income Tax – Total 248.60 177.70 -56.70 81.80
Income After Tax 744.00 559.60 306.20 473.00
Equity In Affiliates -3.90 -3.70 -2.60 -2.00
Net Income Before Extraordinary Items 740.10 555.90 303.60 471.00
Discontinued Operations -- -- -- --
Extraordinary Item -- -- 0.00 -3.60
Total Extraordinary Items -- -- 0.00 -3.60
Net Income 740.10 555.90 303.60 467.40
Income Available to Common Excluding Extraordinary Items 740.10 555.90 303.60 471.00
Income Available to Common Stocks Including Extraordinary Items 740.10 555.90 303.60 467.40
Basic Weighted Average Shares 82.90 83.40 84.00 87.30
Basic EPS Excluding Extraordinary Items 8.93 6.67 3.61 5.40
Basic EPS Including Extraordinary Items 8.93 6.67 3.61 5.35
Dilution Adjustment -- -- -- --
Diluted Net Income 740.10 555.90 303.60 467.40
Diluted Weighted Average Shares 83.80 84.10 85.00 88.60
Diluted EPS Excluding Extraordinary Items 8.83 6.61 3.57 5.32
Diluted EPS Including Extraordinary Items 8.83 6.61 3.57 5.28
DPS - Common Stock Primary Issue 2.66 2.36 2.26 2.01
Gross Dividends - Common Stock 220.60 196.80 189.70 175.00
Total Special Items 28.60 59.00 497.30 69.90
Normalized Income Before Taxes 1,021.20 796.30 746.80 624.70
Effect of Special Items on Income Taxes 7.16 14.22 174.06 10.31
Income Taxes Excluding Impact of Special Items 255.76 191.92 117.36 92.11
Normalized Income After Taxes 765.44 604.38 629.45 532.59
Normalized Income Available to Common 761.54 600.68 626.85 530.59
Basic Normalized EPS 9.19 7.20 7.46 6.08
Diluted Normalized EPS 9.09 7.14 7.37 5.99
Amortization of Intangibles, Supplemental 76.80 51.10 38.70 39.50
Depreciation, Supplemental 167.30 154.20 140.30 141.50
Interest Expense, Supplemental 70.20 70.00 75.80 58.50
Interest Capitalized, Supplemental -4.80 -3.90 -5.30 -5.30
Rental Expense, Supplemental 68.80 63.10 65.40 66.00
Stock-Based Compensation, Supplemental 37.20 24.00 34.50 34.30
Advertising Expense, Supplemental -- -- -- --
Equity in Affiliates, Supplemental -3.90 -3.70 -2.60 -2.00
Research & Development Expense, Supplemental 136.60 112.80 92.60 98.20
Audit-Related Fees, Supplemental 8.69 8.46 -- 7.95
Audit-Related Fees 0.24 0.17 -- 0.50
Tax Fees, Supplemental 4.26 4.17 -- 4.10
All Other Fees Paid to Auditor, Supplemental 0.02 0.02 -- 0.04
Gross Margin 27.51 27.59 26.93 26.76
Operating Margin 11.76 10.60 3.54 9.21
Pretax Margin 11.81 10.58 3.53 7.75
Effective Tax Rate 25.05 24.10 -22.73 14.74
Net Profit Margin 8.80 7.97 4.29 6.58
Normalized EBIT 1,064.30 862.80 827.20 761.00
Normalized EBITDA 1,308.40 1,068.10 1,006.20 942.00
Current Tax - Domestic 7.30 1.10 11.00 -19.70
Current Tax - Foreign 229.90 168.50 148.10 134.30
Current Tax - Local 5.30 1.90 0.50 0.80
Current Tax - Total 242.50 171.50 159.60 115.40
Deferred Tax - Domestic -1.10 5.00 -168.00 -6.30
Deferred Tax - Foreign 12.50 -0.40 -39.40 -26.00
Deferred Tax - Local -5.30 1.60 -8.90 2.30
Deferred Tax - Total 6.10 6.20 -216.30 -30.00
Other Tax -- -- -- -3.60
Income Tax - Total 248.60 177.70 -56.70 81.80
Interest Cost - Domestic 1.00 1.80 2.70 34.50
Service Cost - Domestic -- 0.00 0.00 0.00
Prior Service Cost - Domestic -- 0.00 0.00 0.80
Expected Return on Assets - Domestic -- 0.00 0.00 -42.50
Actuarial Gains and Losses - Domestic -0.30 4.30 3.00 20.60
Curtailments & Settlements - Domestic 1.10 0.20 443.50 --
Other Pension, Net - Domestic -- -- -- 0.00
Domestic Pension Plan Expense 1.80 6.30 449.20 13.40
Interest Cost - Foreign 8.90 11.00 14.80 15.70
Service Cost - Foreign 19.00 17.80 15.60 19.20
Prior Service Cost - Foreign -0.40 -0.40 -0.40 -0.50
Expected Return on Assets - Foreign -19.80 -18.50 -21.00 -23.80
Actuarial Gains and Losses - Foreign 6.10 5.20 4.00 8.10
Curtailments & Settlements - Foreign 0.50 0.30 0.60 0.00
Transition Costs - Foreign -- -- -- 0.00
Foreign Pension Plan Expense 14.30 15.40 13.60 18.70
Interest Cost - Post-Retirement -- -- -- 0.10
Service Cost - Post-Retirement -- -- -- 0.00
Prior Service Cost - Post-Retirement -- -- -- -3.30
Actuarial Gains and Losses - Post-Retirement -- -- -- 1.40
Post-Retirement Plan Expense -- -- -- -1.80
Defined Contribution Expense - Domestic 24.60 22.70 22.40 21.80
Total Pension Expense 40.70 44.40 485.20 52.10
Discount Rate - Domestic 2.20 2.89 3.73 3.72
Discount Rate - Foreign 1.26 1.66 2.39 2.25
Discount Rate - Post-Retirement -- -- -- 3.55
Expected Rate of Return - Domestic -- 0.00 0.00 7.00
Expected Rate of Return - Foreign 2.61 2.79 3.38 7.00
Compensation Rate - Domestic -- 0.00 0.00 --
Compensation Rate - Foreign 2.15 2.21 2.23 2.26
Total Plan Interest Cost 9.90 12.80 17.50 50.30
Total Plan Service Cost 19.00 17.80 15.60 19.20
Total Plan Expected Return -19.80 -18.50 -21.00 -66.30
Total Plan Other Expense -- -- -- 0.00

In millions of USD (except for per share items)

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