Financial Fundamentals

Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update)
Net Sales 3.78M 3.49M 3.39M 3.30M 3.19M
Revenue 3.78M 3.49M 3.39M 3.30M 3.19M
Total Revenue 3.78M 3.49M 3.39M 3.30M 3.19M
Cost of Revenue 2.05M 1.90M 1.88M 1.84M 1.76M
Cost of Revenue, Total 2.05M 1.90M 1.88M 1.84M 1.76M
Gross Profit 1.73M 1.59M 1.51M 1.45M 1.44M
Selling/General/Administrative Expense 996.90 852.30 835.50 807.00 815.80
Labor & Related Expense 14.10
Selling/General/Administrative Expenses, Total 996.90 866.40 835.50 807.00 815.80
Investment Income - Operating 2.10 4.70
Interest/Investment Income - Operating 2.10 4.70
Interest Expense (Income), Net-Operating, Total 2.10 4.70
Litigation
Impairment-Assets Held for Use
Unusual Expense (Income)
Total Operating Expense 3.04M 2.77M 2.72M 2.66M 2.57M
Operating Income 732.70 724.20 674.20 641.20 622.20
Interest Expense - Non-Operating -27.70 -30.50 -27.40 -27.70
Interest Expense, Net Non-Operating -27.70 -30.50 -27.40 -27.70
Investment Income, Non-Operating 10.80 10.90 -0.90 13.90 5.40
Interest/Investment Income, Non-Operating 10.80 10.90 -0.90 13.90 5.40
Interest Income (Expense), Net-Non-Operating, Total 10.80 -16.80 -31.40 -13.50 -22.30
Other Non-Operating Income (Expense) -50.80 -1.50 -7.40 -2.80 -2.10
Other, Net -50.80 -1.50 -7.40 -2.80 -2.10
Net Income Before Taxes 692.70 705.90 635.40 624.90 597.80
Income Tax – Total 222.20 246.90 225.00 211.00 203.40
Income After Tax 470.50 459.00 410.40 413.90 394.40
Minority Interest
Net Income Before Extraordinary Items 470.50 459.00 410.40 413.90 394.40
Extraordinary Item 272.90
Total Extraordinary Items 272.90
Net Income 743.40 459.00 410.40 413.90 394.40
Income Available to Common Excluding Extraordinary Items 470.50 459.00 410.40 413.90 394.40
Income Available to Common Stocks Including Extraordinary Items 743.40 459.00 410.40 413.90 394.40
Basic Weighted Average Shares 250.60 257.60 262.20 270.20 277.20
Basic EPS Excluding Extraordinary Items 1.88 1.78 1.57 1.53 1.42
Basic EPS Including Extraordinary Items 2.97 1.78 1.57 1.53 1.42
Dilution Adjustment --
Diluted Net Income 743.40 459.00 410.40 413.90 394.40
Diluted Weighted Average Shares 256.10 262.10 267.20 275.00 282.40
Diluted EPS Excluding Extraordinary Items 1.84 1.75 1.54 1.51 1.40
Diluted EPS Including Extraordinary Items 2.90 1.75 1.54 1.51 1.40
DPS - Common Stock Primary Issue 0.76 0.71 0.67 0.62 0.56
Gross Dividends - Common Stock 183.00 175.30 167.50 155.20
Stock-Based Compensation, Supplemental 16.00 16.10
Interest Expense, Supplemental 27.70 30.50 27.40 27.70
Interest Capitalized, Supplemental -0.30 -0.60 -0.70 -0.40
Depreciation, Supplemental 125.40 59.70 58.30 57.10 59.70
(Gain) Loss on Sale of Assets, Supplemental
Non-Recurring Items, Total
Total Special Items
Normalized Income Before Taxes 692.70 705.90 635.40 624.90 597.80
Effect of Special Items on Income Taxes
Income Taxes Excluding Impact of Special Items 222.20 246.90 225.00 211.00 203.40
Normalized Income After Taxes 470.50 459.00 410.40 413.90 394.40
Normalized Income Available to Common 470.50 459.00 410.40 413.90 394.40
Basic Normalized EPS 1.88 1.78 1.57 1.53 1.42
Diluted Normalized EPS 1.84 1.75 1.54 1.51 1.40
Amortization of Intangibles, Supplemental 47.90 42.70 34.10 30.80
Rental Expense, Supplemental 18.80 18.50 19.70 20.90
Equity in Affiliates, Supplemental 10.80 9.20 -5.80 11.60 2.80
Minority Interest, Supplemental
Research & Development Expense, Supplemental 63.20 64.70 59.80 61.80
Audit-Related Fees, Supplemental 2.92 3.07 2.84 2.91
Audit-Related Fees 0.64 0.59 0.55 0.05
Tax Fees, Supplemental 0.37 0.47 0.36 0.44
All Other Fees Paid to Auditor, Supplemental -- -- --
Gross Margin 45.80 45.54 44.53 44.06 45.02
Operating Margin 19.40 20.73 19.86 19.44 19.48
Pretax Margin 18.34 20.21 18.72 18.95 18.71
Effective Tax Rate 32.08 34.98 35.41 33.77 34.02
Net Profit Margin 12.46 13.14 12.09 12.55 12.35
Normalized EBIT 732.70 724.20 676.30 645.90 622.20
Normalized EBITDA 858.10 831.80 777.30 737.10 712.70
Current Tax - Domestic 183.40 161.40 159.00 151.70
Current Tax - Foreign 11.40 14.10 14.90 15.90
Current Tax - Local 27.20 25.50 24.40 24.70
Current Tax - Total 222.00 201.00 198.30 192.30
Deferred Tax - Domestic 19.20 22.80 11.50 12.60
Deferred Tax - Foreign 1.60 -2.10 0.10 0.20
Deferred Tax - Local 4.10 3.30 1.10 -1.70
Deferred Tax - Total 24.90 24.00 12.70 11.10
Income Tax - Total 246.90 225.00 211.00 203.40
Interest Cost - Domestic 2.90 4.20 4.00
Service Cost - Domestic 0.30 0.90 1.10
Prior Service Cost - Domestic -- -- --
Expected Return on Assets - Domestic -4.80 -6.10 -4.20
Actuarial Gains and Losses - Domestic 0.20 0.40
Curtailments & Settlements - Domestic 9.60 0.30 -0.90
Transition Costs - Domestic
Other Pension, Net - Domestic
Domestic Pension Plan Expense 8.20 -0.30 --
Interest Cost - Post-Retirement 0.90 1.00 1.10
Service Cost - Post-Retirement 0.20 0.20 0.40
Prior Service Cost - Post-Retirement -0.70 -1.40 -0.80
Expected Return on Assets - Post-Retirement -- -- --
Actuarial Gains and Losses - Post-Retirement 0.10 --
Other Post-Retirement, Net
Post-Retirement Plan Expense 0.50 -0.20 0.70
Defined Contribution Expense - Domestic
Total Pension Expense 8.70 -0.50 0.70
Discount Rate - Domestic 3.47 4.28 4.15
Discount Rate - Post-Retirement 3.76 4.54 3.92
Expected Rate of Return - Domestic 5.53 6.16 5.45
Compensation Rate - Domestic 3.53 3.13 3.33
Total Plan Interest Cost 3.80 5.20 5.10
Total Plan Service Cost 0.50 1.10 1.50
Total Plan Expected Return -4.80 -6.10 -4.20
Total Plan Other Expense

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