Income Statement

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 0.67 0.87 0.63 0.52
Audit-Related Fees -- 0.00 0.00 0.00
Tax Fees, Supplemental 0.04 0.10 0.13 0.03
All Other Fees Paid to Auditor, Supplemental 0.08 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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