Fundamentals
Financial Fundamentals
Income Statement
| Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | |
|---|---|---|---|---|---|
| Net Sales | 5,190.10 | 4,895.80 | 4,357.70 | 4,145.90 | 3,776.20 |
| Revenue | 5,190.10 | 4,895.80 | 4,357.70 | 4,145.90 | 3,776.20 |
| Total Revenue | 5,190.10 | 4,895.80 | 4,357.70 | 4,145.90 | 3,776.20 |
| Cost of Revenue | 2,926.60 | 2,681.60 | 2,373.70 | 2,305.10 | 2,046.60 |
| Cost of Revenue, Total | 2,926.60 | 2,681.60 | 2,373.70 | 2,305.10 | 2,046.60 |
| Gross Profit | 2,263.50 | 2,214.20 | 1,984.00 | 1,840.80 | 1,729.60 |
| Selling/General/Administrative Expense | 947.60 | 1,063.90 | 1,023.00 | 937.10 | 980.60 |
| Labor & Related Expense | 22.30 | 21.00 | 19.60 | 22.30 | 16.30 |
| Selling/General/Administrative Expenses, Total | 969.90 | 1,084.90 | 1,042.60 | 959.40 | 996.90 |
| Research & Development | 105.20 | 102.60 | 93.60 | 89.70 | -- |
| Investment Income - Operating | -- | -- | -- | -- | -- |
| Interest/Investment Income - Operating | -- | -- | -- | -- | -- |
| Interest Expense (Income), Net-Operating, Total | -- | -- | -- | -- | -- |
| Impairment-Assets Held for Use | 11.30 | -- | -- | -- | -- |
| Loss (Gain) on Sale of Assets - Operating | -- | -3.00 | -- | -- | -- |
| Other Unusual Expense (Income) | 98.00 | -- | 7.60 | -- | -- |
| Unusual Expense (Income) | 109.30 | -3.00 | 7.60 | -- | -- |
| Total Operating Expense | 4,111.00 | 3,866.10 | 3,517.50 | 3,354.20 | 3,043.50 |
| Operating Income | 1,079.10 | 1,029.70 | 840.20 | 791.70 | 732.70 |
| Interest Expense - Non-Operating | -54.50 | -61.00 | -73.60 | -79.40 | -52.60 |
| Interest Expense, Net Non-Operating | -54.50 | -61.00 | -73.60 | -79.40 | -52.60 |
| Investment Income, Non-Operating | 9.40 | 7.20 | 8.20 | 11.10 | 12.90 |
| Interest/Investment Income, Non-Operating | 9.40 | 7.20 | 8.20 | 11.10 | 12.90 |
| Interest Income (Expense), Net-Non-Operating, Total | -45.10 | -53.80 | -65.40 | -68.30 | -39.70 |
| Other Non-Operating Income (Expense) | -2.30 | -2.10 | -1.10 | -3.90 | -0.30 |
| Other, Net | -2.30 | -2.10 | -1.10 | -3.90 | -0.30 |
| Net Income Before Taxes | 1,031.70 | 973.80 | 773.70 | 719.50 | 692.70 |
| Income Tax – Total | 204.20 | 187.90 | 157.80 | 150.90 | 222.20 |
| Income After Tax | 827.50 | 785.90 | 615.90 | 568.60 | 470.50 |
| Net Income Before Extraordinary Items | 827.50 | 785.90 | 615.90 | 568.60 | 470.50 |
| Extraordinary Item | -- | -- | -- | 0.00 | 272.90 |
| Total Extraordinary Items | -- | -- | -- | 0.00 | 272.90 |
| Net Income | 827.50 | 785.90 | 615.90 | 568.60 | 743.40 |
| Income Available to Common Excluding Extraordinary Items | 827.50 | 785.90 | 615.90 | 568.60 | 470.50 |
| Income Available to Common Stocks Including Extraordinary Items | 827.50 | 785.90 | 615.90 | 568.60 | 743.40 |
| Basic Weighted Average Shares | 244.90 | 246.80 | 246.20 | 245.50 | 250.60 |
| Basic EPS Excluding Extraordinary Items | 3.38 | 3.18 | 2.50 | 2.32 | 1.88 |
| Basic EPS Including Extraordinary Items | 3.38 | 3.18 | 2.50 | 2.32 | 2.97 |
| Dilution Adjustment | -- | -- | -- | -- | -- |
| Diluted Net Income | 827.50 | 785.90 | 615.90 | 568.60 | 743.40 |
| Diluted Weighted Average Shares | 249.60 | 252.20 | 252.10 | 250.70 | 256.10 |
| Diluted EPS Excluding Extraordinary Items | 3.32 | 3.12 | 2.44 | 2.27 | 1.84 |
| Diluted EPS Including Extraordinary Items | 3.32 | 3.12 | 2.44 | 2.27 | 2.90 |
| DPS - Common Stock Primary Issue | 1.01 | 0.96 | 0.91 | 0.87 | 0.76 |
| Gross Dividends - Common Stock | 247.50 | 237.30 | 224.10 | 213.30 | 190.40 |
| Total Special Items | 109.30 | -3.00 | 7.60 | -- | -- |
| Normalized Income Before Taxes | 1,141.00 | 970.80 | 781.30 | 719.50 | 692.70 |
| Effect of Special Items on Income Taxes | 21.63 | -0.58 | 1.55 | -- | -- |
| Income Taxes Excluding Impact of Special Items | 225.83 | 187.32 | 159.35 | 150.90 | 222.20 |
| Normalized Income After Taxes | 915.17 | 783.48 | 621.95 | 568.60 | 470.50 |
| Normalized Income Available to Common | 915.17 | 783.48 | 621.95 | 568.60 | 470.50 |
| Basic Normalized EPS | 3.74 | 3.17 | 2.53 | 2.32 | 1.88 |
| Diluted Normalized EPS | 3.67 | 3.11 | 2.47 | 2.27 | 1.84 |
| Amortization of Intangibles, Supplemental | 150.70 | 123.50 | 112.60 | 76.70 | 64.50 |
| Depreciation, Supplemental | 68.40 | 66.20 | 63.80 | 64.40 | 60.90 |
| Interest Expense, Supplemental | 54.50 | 61.00 | 73.60 | 79.40 | 52.60 |
| Interest Capitalized, Supplemental | -- | -- | -- | -- | -0.20 |
| Rental Expense, Supplemental | 32.70 | 27.70 | 24.50 | 24.50 | 24.50 |
| Stock-Based Compensation, Supplemental | 25.60 | 24.60 | 20.80 | 23.30 | 18.10 |
| Equity in Affiliates, Supplemental | 9.40 | 6.70 | 6.60 | 9.20 | 10.80 |
| Research & Development Expense, Supplemental | 105.20 | 102.60 | 93.60 | 89.70 | 70.80 |
| Audit-Related Fees, Supplemental | 3.59 | 3.57 | 3.53 | 3.23 | 3.19 |
| Audit-Related Fees | 0.20 | 0.33 | 0.59 | 0.21 | 0.61 |
| Tax Fees, Supplemental | 0.37 | 0.56 | 0.55 | 0.45 | 0.54 |
| All Other Fees Paid to Auditor, Supplemental | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Margin | 43.61 | 45.23 | 45.53 | 44.40 | 45.80 |
| Operating Margin | 20.79 | 21.03 | 19.28 | 19.10 | 19.40 |
| Pretax Margin | 19.88 | 19.89 | 17.75 | 17.35 | 18.34 |
| Effective Tax Rate | 19.79 | 19.30 | 20.40 | 20.97 | 32.08 |
| Net Profit Margin | 15.94 | 16.05 | 14.13 | 13.71 | 12.46 |
| Normalized EBIT | 1,188.40 | 1,026.70 | 847.80 | 791.70 | 732.70 |
| Normalized EBITDA | 1,407.50 | 1,216.40 | 1,024.20 | 932.80 | 858.10 |
| Current Tax - Domestic | 130.60 | 114.20 | 117.20 | 103.40 | 419.60 |
| Current Tax - Foreign | 19.20 | 15.90 | 10.10 | 13.00 | 11.20 |
| Current Tax - Local | 34.10 | 32.10 | 24.90 | 23.40 | 29.00 |
| Current Tax - Total | 183.90 | 162.20 | 152.20 | 139.80 | 459.80 |
| Deferred Tax - Domestic | 16.50 | 22.90 | 3.60 | 5.40 | -235.00 |
| Deferred Tax - Foreign | -0.70 | -1.40 | 2.50 | 1.10 | -6.40 |
| Deferred Tax - Local | 4.50 | 4.20 | -0.50 | 4.60 | 3.80 |
| Deferred Tax - Total | 20.30 | 25.70 | 5.60 | 11.10 | -237.60 |
| Income Tax - Total | 204.20 | 187.90 | 157.80 | 150.90 | 222.20 |
| 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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