Income Statement
| Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | |
|---|---|---|---|---|
| Gross Revenue | 4,565.75 | 4,006.20 | 3,290.25 | 2,927.09 |
| Sales Returns and Allowances | -76.57 | -65.02 | -49.76 | -40.02 |
| Revenue | 4,489.18 | 3,941.18 | 3,240.49 | 2,887.07 |
| Total Revenue | 4,489.18 | 3,941.18 | 3,240.49 | 2,887.07 |
| Cost of Revenue | 3,896.29 | 3,398.36 | 2,765.90 | 2,487.17 |
| Cost of Revenue, Total | 3,896.29 | 3,398.36 | 2,765.90 | 2,487.17 |
| Gross Profit | 592.89 | 542.83 | 474.59 | 399.90 |
| Selling/General/Administrative Expense | 392.24 | 362.22 | 310.15 | 264.27 |
| Selling/General/Administrative Expenses, Total | 392.24 | 362.22 | 310.15 | 264.27 |
| Loss (Gain) on Sale of Assets - Operating | -6.60 | -0.86 | 0.00 | 0.17 |
| Other Unusual Expense (Income) | -- | -- | 0.00 | 0.00 |
| Unusual Expense (Income) | -6.60 | -0.86 | 0.00 | 0.17 |
| Total Operating Expense | 4,281.92 | 3,759.71 | 3,076.06 | 2,751.60 |
| Operating Income | 207.26 | 181.47 | 164.44 | 135.47 |
| Interest Expense - Non-Operating | -8.89 | -6.22 | -4.58 | -5.13 |
| Interest Expense, Net Non-Operating | -8.89 | -6.22 | -4.58 | -5.13 |
| Interest Income, Non-Operating | 1.37 | 0.73 | 0.54 | 0.29 |
| Investment Income, Non-Operating | -1.89 | 0.03 | 0.27 | 0.37 |
| Interest/Investment Income, Non-Operating | -0.52 | 0.76 | 0.81 | 0.67 |
| Interest Income (Expense), Net-Non-Operating, Total | -9.41 | -5.46 | -3.77 | -4.47 |
| Net Income Before Taxes | 197.85 | 176.01 | 160.67 | 131.00 |
| Income Tax – Total | 53.44 | 58.07 | 55.17 | 45.87 |
| Income After Tax | 144.41 | 117.94 | 105.50 | 85.13 |
| Minority Interest | -3.81 | -4.53 | -4.32 | -4.54 |
| Net Income Before Extraordinary Items | 140.60 | 113.41 | 101.18 | 80.60 |
| Extraordinary Item | 8.00 | 6.10 | -- | -- |
| Total Extraordinary Items | 8.00 | 6.10 | -- | -- |
| Net Income | 148.60 | 119.51 | 101.18 | 80.60 |
| Preferred Dividends | -- | -- | -- | -- |
| Miscellaneous Earnings Adjustment | -3.40 | -2.23 | -1.60 | -1.06 |
| Total Adjustments to Net Income | -3.40 | -2.23 | -1.60 | -1.06 |
| Income Available to Common Excluding Extraordinary Items | 137.20 | 111.19 | 99.58 | 79.54 |
| Income Available to Common Stocks Including Extraordinary Items | 145.20 | 117.29 | 99.58 | 79.54 |
| Basic Weighted Average Shares | 60.35 | 60.27 | 60.13 | 60.55 |
| Basic EPS Excluding Extraordinary Items | 2.27 | 1.84 | 1.66 | 1.31 |
| Basic EPS Including Extraordinary Items | 2.41 | 1.95 | 1.66 | 1.31 |
| Dilution Adjustment | -- | -- | -- | -- |
| Diluted Net Income | 145.20 | 117.29 | 99.58 | 79.54 |
| Diluted Weighted Average Shares | 60.43 | 60.36 | 60.23 | 60.55 |
| Diluted EPS Excluding Extraordinary Items | 2.27 | 1.84 | 1.65 | 1.31 |
| Diluted EPS Including Extraordinary Items | 2.40 | 1.94 | 1.65 | 1.31 |
| DPS - Common Stock Primary Issue | 0.36 | 0.32 | 0.29 | 0.27 |
| Gross Dividends - Common Stock | 22.07 | 19.61 | 17.68 | 16.51 |
| Total Special Items | -6.60 | -0.86 | 0.00 | 0.17 |
| Normalized Income Before Taxes | 191.25 | 175.14 | 160.67 | 131.17 |
| Effect of Special Items on Income Taxes | -1.78 | -0.28 | 0.00 | 0.06 |
| Income Taxes Excluding Impact of Special Items | 51.66 | 57.78 | 55.17 | 45.93 |
| Normalized Income After Taxes | 139.59 | 117.36 | 105.50 | 85.24 |
| Normalized Income Available to Common | 132.38 | 110.61 | 99.58 | 79.65 |
| Basic Normalized EPS | 2.19 | 1.84 | 1.66 | 1.32 |
| Diluted Normalized EPS | 2.19 | 1.83 | 1.65 | 1.32 |
| Amortization of Intangibles, Supplemental | 6.39 | 4.86 | 2.80 | 3.53 |
| Depreciation, Supplemental | 54.95 | 48.54 | 40.82 | 37.71 |
| Interest Expense, Supplemental | 8.89 | 6.22 | 4.58 | 5.13 |
| Rental Expense, Supplemental | 25.00 | 22.30 | 10.50 | 6.30 |
| Stock-Based Compensation, Supplemental | 3.57 | 3.81 | 2.21 | 1.85 |
| Equity in Affiliates, Supplemental | -1.89 | 0.03 | 0.27 | 0.37 |
| Minority Interest, Supplemental | -3.81 | -4.53 | -4.32 | -4.54 |
| Audit-Related Fees, Supplemental | -- | 0.87 | 0.63 | 0.52 |
| Audit-Related Fees | -- | 0.00 | 0.00 | 0.00 |
| Tax Fees, Supplemental | -- | 0.10 | 0.13 | 0.03 |
| All Other Fees Paid to Auditor, Supplemental | -- | 0.13 | 0.00 | 0.00 |
| Gross Margin | 13.21 | 13.77 | 14.65 | 13.85 |
| Operating Margin | 4.62 | 4.60 | 5.07 | 4.69 |
| Pretax Margin | 4.41 | 4.47 | 4.96 | 4.54 |
| Effective Tax Rate | 27.01 | 32.99 | 34.34 | 35.01 |
| Net Profit Margin | 3.06 | 2.82 | 3.07 | 2.75 |
| Normalized EBIT | 200.66 | 180.61 | 164.44 | 135.64 |
| Normalized EBITDA | 262.00 | 234.00 | 208.06 | 176.88 |
| Current Tax - Domestic | 31.29 | 44.21 | 42.40 | 34.67 |
| Current Tax - Foreign | 5.53 | 6.24 | 6.14 | 5.60 |
| Current Tax - Local | 7.54 | 8.58 | 6.34 | 6.64 |
| Current Tax - Total | 44.36 | 59.03 | 54.88 | 46.91 |
| Deferred Tax - Domestic | 11.17 | -1.38 | -0.46 | -1.10 |
| Deferred Tax - Foreign | -1.57 | 1.28 | 0.31 | -0.04 |
| Deferred Tax - Local | -0.52 | -0.86 | 0.44 | 0.10 |
| Deferred Tax - Total | 9.08 | -0.97 | 0.29 | -1.04 |
| Income Tax - Total | 53.44 | 58.07 | 55.17 | 45.87 |
| Defined Contribution Expense - Domestic | 2.00 | 2.00 | 2.40 | -- |
| Total Pension Expense | 2.00 | 2.00 | 2.40 | -- |
In millions of USD (except for per share items)
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