Financial Fundamentals

Income Statement

  Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 5,375.60 5,190.10 4,895.80 4,357.70 4,145.90
Revenue 5,375.60 5,190.10 4,895.80 4,357.70 4,145.90
Total Revenue 5,375.60 5,190.10 4,895.80 4,357.70 4,145.90
Cost of Revenue 3,125.60 2,926.60 2,681.60 2,373.70 2,305.10
Cost of Revenue, Total 3,125.60 2,926.60 2,681.60 2,373.70 2,305.10
Gross Profit 2,250.00 2,263.50 2,214.20 1,984.00 1,840.80
Selling/General/Administrative Expense 1,101.10 947.60 1,063.90 1,023.00 937.10
Labor & Related Expense 30.10 22.30 21.00 19.60 22.30
Selling/General/Administrative Expenses, Total 1,131.20 969.90 1,084.90 1,042.60 959.40
Research & Development 110.00 105.20 102.60 93.60 89.70
Investment Income - Operating -- -- -- -- --
Interest/Investment Income - Operating -- -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- -- --
Impairment-Assets Held for Use 411.00 11.30 -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -3.00 -- --
Other Unusual Expense (Income) -- 98.00 -- 7.60 --
Unusual Expense (Income) 411.00 109.30 -3.00 7.60 --
Total Operating Expense 4,777.80 4,111.00 3,866.10 3,517.50 3,354.20
Operating Income 597.80 1,079.10 1,029.70 840.20 791.70
Interest Expense - Non-Operating -89.60 -54.50 -61.00 -73.60 -79.40
Interest Expense, Net Non-Operating -89.60 -54.50 -61.00 -73.60 -79.40
Investment Income, Non-Operating 16.10 9.40 7.20 8.20 11.10
Interest/Investment Income, Non-Operating 16.10 9.40 7.20 8.20 11.10
Interest Income (Expense), Net-Non-Operating, Total -73.50 -45.10 -53.80 -65.40 -68.30
Other Non-Operating Income (Expense) -1.00 -2.30 -2.10 -1.10 -3.90
Other, Net -1.00 -2.30 -2.10 -1.10 -3.90
Net Income Before Taxes 523.30 1,031.70 973.80 773.70 719.50
Income Tax – Total 109.40 204.20 187.90 157.80 150.90
Income After Tax 413.90 827.50 785.90 615.90 568.60
Net Income Before Extraordinary Items 413.90 827.50 785.90 615.90 568.60
Extraordinary Item -- -- -- -- 0.00
Total Extraordinary Items -- -- -- -- 0.00
Net Income 413.90 827.50 785.90 615.90 568.60
Income Available to Common Excluding Extraordinary Items 413.90 827.50 785.90 615.90 568.60
Income Available to Common Stocks Including Extraordinary Items 413.90 827.50 785.90 615.90 568.60
Basic Weighted Average Shares 242.90 244.90 246.80 246.20 245.50
Basic EPS Excluding Extraordinary Items 1.70 3.38 3.18 2.50 2.32
Basic EPS Including Extraordinary Items 1.70 3.38 3.18 2.50 2.32
Dilution Adjustment -- -- -- -- --
Diluted Net Income 413.90 827.50 785.90 615.90 568.60
Diluted Weighted Average Shares 246.30 249.60 252.20 252.10 250.70
Diluted EPS Excluding Extraordinary Items 1.68 3.32 3.12 2.44 2.27
Diluted EPS Including Extraordinary Items 1.68 3.32 3.12 2.44 2.27
DPS - Common Stock Primary Issue 1.05 1.01 0.96 0.91 0.87
Gross Dividends - Common Stock 255.00 247.50 237.30 224.10 213.30
Total Special Items 411.00 109.30 -3.00 7.60 --
Normalized Income Before Taxes 934.30 1,141.00 970.80 781.30 719.50
Effect of Special Items on Income Taxes 85.92 21.63 -0.58 1.55 --
Income Taxes Excluding Impact of Special Items 195.32 225.83 187.32 159.35 150.90
Normalized Income After Taxes 738.98 915.17 783.48 621.95 568.60
Normalized Income Available to Common 738.98 915.17 783.48 621.95 568.60
Basic Normalized EPS 3.04 3.74 3.17 2.53 2.32
Diluted Normalized EPS 3.00 3.67 3.11 2.47 2.27
Amortization of Intangibles, Supplemental 152.00 150.70 123.50 112.60 76.70
Depreciation, Supplemental 67.00 68.40 66.20 63.80 64.40
Interest Expense, Supplemental 89.60 54.50 61.00 73.60 79.40
Interest Capitalized, Supplemental -- -- -- -- --
Rental Expense, Supplemental 31.00 32.70 27.70 24.50 24.50
Stock-Based Compensation, Supplemental 32.30 25.60 24.60 20.80 23.30
Equity in Affiliates, Supplemental 12.30 9.40 6.70 6.60 9.20
Research & Development Expense, Supplemental 110.00 105.20 102.60 93.60 89.70
Audit-Related Fees, Supplemental 3.90 3.59 3.57 3.53 3.23
Audit-Related Fees 0.35 0.20 0.33 0.59 0.21
Tax Fees, Supplemental 0.43 0.37 0.56 0.55 0.45
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 41.86 43.61 45.23 45.53 44.40
Operating Margin 11.12 20.79 21.03 19.28 19.10
Pretax Margin 9.73 19.88 19.89 17.75 17.35
Effective Tax Rate 20.91 19.79 19.30 20.40 20.97
Net Profit Margin 7.70 15.94 16.05 14.13 13.71
Normalized EBIT 1,008.80 1,188.40 1,026.70 847.80 791.70
Normalized EBITDA 1,227.80 1,407.50 1,216.40 1,024.20 932.80
Current Tax - Domestic 162.00 130.60 114.20 117.20 103.40
Current Tax - Foreign 20.30 19.20 15.90 10.10 13.00
Current Tax - Local 44.80 34.10 32.10 24.90 23.40
Current Tax - Total 227.10 183.90 162.20 152.20 139.80
Deferred Tax - Domestic -78.80 16.50 22.90 3.60 5.40
Deferred Tax - Foreign -0.60 -0.70 -1.40 2.50 1.10
Deferred Tax - Local -38.30 4.50 4.20 -0.50 4.60
Deferred Tax - Total -117.70 20.30 25.70 5.60 11.10
Income Tax - Total 109.40 204.20 187.90 157.80 150.90
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 -- -- -- -- --
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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