Financial Fundamentals

Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Sales 4,895.80 4,357.70 4,145.90 3,776.20 3,493.10
Revenue 4,895.80 4,357.70 4,145.90 3,776.20 3,493.10
Total Revenue 4,895.80 4,357.70 4,145.90 3,776.20 3,493.10
Cost of Revenue 2,681.60 2,373.70 2,305.10 2,046.60 1,902.50
Cost of Revenue, Total 2,681.60 2,373.70 2,305.10 2,046.60 1,902.50
Gross Profit 2,214.20 1,984.00 1,840.80 1,729.60 1,590.60
Selling/General/Administrative Expense 1,063.90 1,023.00 937.10 980.60 852.30
Labor & Related Expense 21.00 19.60 22.30 16.30 14.10
Selling/General/Administrative Expenses, Total 1,084.90 1,042.60 959.40 996.90 866.40
Research & Development 102.60 93.60 89.70 -- --
Investment Income - Operating -- -- -- -- --
Interest/Investment Income - Operating -- -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- -- --
Litigation -- -- -- -- --
Loss (Gain) on Sale of Assets - Operating -3.00 -- -- -- --
Other Unusual Expense (Income) -- 7.60 -- -- --
Unusual Expense (Income) -3.00 7.60 -- -- --
Total Operating Expense 3,866.10 3,517.50 3,354.20 3,043.50 2,768.90
Operating Income 1,029.70 840.20 791.70 732.70 724.20
Interest Expense - Non-Operating -61.00 -73.60 -79.40 -52.60 -27.70
Interest Expense, Net Non-Operating -61.00 -73.60 -79.40 -52.60 -27.70
Investment Income, Non-Operating 7.20 8.20 11.10 12.90 10.90
Interest/Investment Income, Non-Operating 7.20 8.20 11.10 12.90 10.90
Interest Income (Expense), Net-Non-Operating, Total -53.80 -65.40 -68.30 -39.70 -16.80
Other Non-Operating Income (Expense) -2.10 -1.10 -3.90 -0.30 -1.50
Other, Net -2.10 -1.10 -3.90 -0.30 -1.50
Net Income Before Taxes 973.80 773.70 719.50 692.70 705.90
Income Tax – Total 187.90 157.80 150.90 222.20 246.90
Income After Tax 785.90 615.90 568.60 470.50 459.00
Minority Interest -- -- -- -- --
Net Income Before Extraordinary Items 785.90 615.90 568.60 470.50 459.00
Extraordinary Item -- -- 0.00 272.90 --
Total Extraordinary Items -- -- 0.00 272.90 --
Net Income 785.90 615.90 568.60 743.40 459.00
Income Available to Common Excluding Extraordinary Items 785.90 615.90 568.60 470.50 459.00
Income Available to Common Stocks Including Extraordinary Items 785.90 615.90 568.60 743.40 459.00
Basic Weighted Average Shares 246.80 246.20 245.50 250.60 257.60
Basic EPS Excluding Extraordinary Items 3.18 2.50 2.32 1.88 1.78
Basic EPS Including Extraordinary Items 3.18 2.50 2.32 2.97 1.78
Dilution Adjustment -- -- -- -- --
Diluted Net Income 785.90 615.90 568.60 743.40 459.00
Diluted Weighted Average Shares 252.20 252.10 250.70 256.10 262.10
Diluted EPS Excluding Extraordinary Items 3.12 2.44 2.27 1.84 1.75
Diluted EPS Including Extraordinary Items 3.12 2.44 2.27 2.90 1.75
DPS - Common Stock Primary Issue 0.96 0.91 0.87 0.76 0.71
Gross Dividends - Common Stock 237.30 224.10 213.30 190.40 183.00
Total Special Items -3.00 7.60 -- -- --
Normalized Income Before Taxes 970.80 781.30 719.50 692.70 705.90
Effect of Special Items on Income Taxes -0.58 1.55 -- -- --
Income Taxes Excluding Impact of Special Items 187.32 159.35 150.90 222.20 246.90
Normalized Income After Taxes 783.48 621.95 568.60 470.50 459.00
Normalized Income Available to Common 783.48 621.95 568.60 470.50 459.00
Basic Normalized EPS 3.17 2.53 2.32 1.88 1.78
Diluted Normalized EPS 3.11 2.47 2.27 1.84 1.75
Amortization of Intangibles, Supplemental 123.50 112.60 76.70 64.50 47.90
Depreciation, Supplemental 66.20 63.80 64.40 60.90 59.70
Interest Expense, Supplemental 61.00 73.60 79.40 52.60 27.70
Interest Capitalized, Supplemental -- -- -- -0.20 -0.30
Rental Expense, Supplemental 27.70 24.50 24.50 24.50 18.80
Stock-Based Compensation, Supplemental 24.60 20.80 23.30 18.10 16.00
Equity in Affiliates, Supplemental 6.70 6.60 9.20 10.80 9.20
Minority Interest, Supplemental -- -- -- -- --
Research & Development Expense, Supplemental 102.60 93.60 89.70 70.80 63.20
Audit-Related Fees, Supplemental 3.57 3.53 3.23 3.19 2.92
Audit-Related Fees 0.33 0.59 0.21 0.61 0.64
Tax Fees, Supplemental 0.56 0.55 0.45 0.54 0.37
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00 0.00
Gross Margin 45.23 45.53 44.40 45.80 45.54
Operating Margin 21.03 19.28 19.10 19.40 20.73
Pretax Margin 19.89 17.75 17.35 18.34 20.21
Effective Tax Rate 19.30 20.40 20.97 32.08 34.98
Net Profit Margin 16.05 14.13 13.71 12.46 13.14
Normalized EBIT 1,026.70 847.80 791.70 732.70 724.20
Normalized EBITDA 1,216.40 1,024.20 932.80 858.10 831.80
Current Tax - Domestic 114.20 117.20 103.40 419.60 183.40
Current Tax - Foreign 15.90 10.10 13.00 11.20 11.40
Current Tax - Local 32.10 24.90 23.40 29.00 27.20
Current Tax - Total 162.20 152.20 139.80 459.80 222.00
Deferred Tax - Domestic 22.90 3.60 5.40 -235.00 19.20
Deferred Tax - Foreign -1.40 2.50 1.10 -6.40 1.60
Deferred Tax - Local 4.20 -0.50 4.60 3.80 4.10
Deferred Tax - Total 25.70 5.60 11.10 -237.60 24.90
Income Tax - Total 187.90 157.80 150.90 222.20 246.90
Interest Cost - Domestic -- -- -- -- --
Service Cost - Domestic -- -- -- -- --
Prior Service Cost - Domestic -- -- -- -- --
Expected Return on Assets - Domestic -- -- -- -- --
Actuarial Gains and Losses - Domestic -- -- -- -- --
Curtailments & Settlements - Domestic -- -- -- -- --
Domestic Pension Plan Expense -- -- -- -- --
Interest Cost - Post-Retirement -- -- -- -- --
Service Cost - Post-Retirement -- -- -- -- --
Prior Service Cost - Post-Retirement -- -- -- -- --
Expected Return on Assets - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -- -- -- -- --
Post-Retirement Plan Expense -- -- -- -- --
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense -- -- -- -- --
Discount Rate - Domestic -- -- -- -- --
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic -- -- -- -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost -- -- -- -- --
Total Plan Service Cost -- -- -- -- --
Total Plan Expected Return -- -- -- -- --

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