Income Statement
| Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | |
|---|---|---|---|---|
| Net Sales | 5,154.00 | -- | -- | -- |
| Gross Revenue | -- | 4,492.18 | 4,565.75 | 4,006.20 |
| Sales Returns and Allowances | -- | -76.17 | -76.57 | -65.02 |
| Revenue | 5,154.00 | 4,416.01 | 4,489.18 | 3,941.18 |
| Total Revenue | 5,154.00 | 4,416.01 | 4,489.18 | 3,941.18 |
| Cost of Revenue | 4,353.70 | 3,730.49 | 3,896.29 | 3,398.36 |
| Cost of Revenue, Total | 4,353.70 | 3,730.49 | 3,896.29 | 3,398.36 |
| Gross Profit | 800.30 | 685.52 | 592.89 | 542.83 |
| Selling/General/Administrative Expense | 444.60 | 439.05 | 392.24 | 362.22 |
| Selling/General/Administrative Expenses, Total | 444.60 | 439.05 | 392.24 | 362.22 |
| Loss (Gain) on Sale of Assets - Operating | 9.87 | 1.57 | -6.60 | -0.86 |
| Other Unusual Expense (Income) | -- | -- | -- | -- |
| Unusual Expense (Income) | 9.87 | 1.57 | -6.60 | -0.86 |
| Total Operating Expense | 4,808.17 | 4,171.10 | 4,281.92 | 3,759.71 |
| Operating Income | 345.83 | 244.91 | 207.26 | 181.47 |
| Interest Expense - Non-Operating | -9.31 | -8.70 | -8.89 | -6.22 |
| Interest Expense, Net Non-Operating | -9.31 | -8.70 | -8.89 | -6.22 |
| Interest Income, Non-Operating | 2.39 | 1.95 | 1.37 | 0.73 |
| Investment Income, Non-Operating | 2.08 | 2.52 | -1.89 | 0.03 |
| Interest/Investment Income, Non-Operating | 4.47 | 4.47 | -0.52 | 0.76 |
| Interest Income (Expense), Net-Non-Operating, Total | -4.84 | -4.23 | -9.41 | -5.46 |
| Net Income Before Taxes | 340.98 | 240.67 | 197.85 | 176.01 |
| Income Tax – Total | 87.10 | 58.27 | 53.44 | 58.07 |
| Income After Tax | 253.88 | 182.40 | 144.41 | 117.94 |
| Minority Interest | -7.10 | -2.75 | -3.81 | -4.53 |
| Net Income Before Extraordinary Items | 246.78 | 179.65 | 140.60 | 113.41 |
| Extraordinary Item | -- | -- | 8.00 | 6.10 |
| Total Extraordinary Items | -- | -- | 8.00 | 6.10 |
| Net Income | 246.78 | 179.65 | 148.60 | 119.51 |
| Miscellaneous Earnings Adjustment | -6.90 | -4.50 | -3.40 | -2.23 |
| Total Adjustments to Net Income | -6.90 | -4.50 | -3.40 | -2.23 |
| Income Available to Common Excluding Extraordinary Items | 239.88 | 175.15 | 137.20 | 111.19 |
| Income Available to Common Stocks Including Extraordinary Items | 239.88 | 175.15 | 145.20 | 117.29 |
| Basic Weighted Average Shares | 59.91 | 60.11 | 60.35 | 60.27 |
| Basic EPS Excluding Extraordinary Items | 4.00 | 2.91 | 2.27 | 1.84 |
| Basic EPS Including Extraordinary Items | 4.00 | 2.91 | 2.41 | 1.95 |
| Diluted Net Income | 239.88 | 175.15 | 145.20 | 117.29 |
| Diluted Weighted Average Shares | 59.93 | 60.13 | 60.43 | 60.36 |
| Diluted EPS Excluding Extraordinary Items | 4.00 | 2.91 | 2.27 | 1.84 |
| Diluted EPS Including Extraordinary Items | 4.00 | 2.91 | 2.40 | 1.94 |
| DPS - Common Stock Primary Issue | 0.50 | 0.40 | 0.36 | 0.32 |
| Gross Dividends - Common Stock | 30.67 | 24.55 | 22.07 | 19.61 |
| Impairment-Assets Held for Use, Supplemental | 11.49 | -- | -- | -- |
| Non-Recurring Items, Total | 11.49 | -- | -- | -- |
| Total Special Items | 21.36 | 1.57 | -6.60 | -0.86 |
| Normalized Income Before Taxes | 362.34 | 242.24 | 191.25 | 175.14 |
| Effect of Special Items on Income Taxes | 5.46 | 0.38 | -1.78 | -0.28 |
| Income Taxes Excluding Impact of Special Items | 92.56 | 58.65 | 51.66 | 57.78 |
| Normalized Income After Taxes | 269.79 | 183.59 | 139.59 | 117.36 |
| Normalized Income Available to Common | 255.78 | 176.34 | 132.38 | 110.61 |
| Basic Normalized EPS | 4.27 | 2.93 | 2.19 | 1.84 |
| Diluted Normalized EPS | 4.27 | 2.93 | 2.19 | 1.83 |
| Amortization of Intangibles, Supplemental | 8.72 | 6.33 | 6.39 | 4.86 |
| Depreciation, Supplemental | 63.96 | 60.49 | 54.95 | 48.54 |
| Interest Expense, Supplemental | 9.31 | 8.70 | 8.89 | 6.22 |
| Rental Expense, Supplemental | 21.59 | 22.37 | 25.00 | 22.30 |
| Stock-Based Compensation, Supplemental | 4.03 | 4.01 | 3.57 | 3.81 |
| Equity in Affiliates, Supplemental | -- | -- | -- | 0.03 |
| Minority Interest, Supplemental | -7.10 | -2.75 | -3.81 | -4.53 |
| Audit-Related Fees, Supplemental | -- | 0.86 | 0.67 | 0.87 |
| Audit-Related Fees | -- | -- | -- | 0.00 |
| Tax Fees, Supplemental | -- | 0.03 | 0.04 | 0.10 |
| All Other Fees Paid to Auditor, Supplemental | -- | 0.06 | 0.08 | 0.13 |
| Gross Margin | 15.53 | 15.52 | 13.21 | 13.77 |
| Operating Margin | 6.71 | 5.55 | 4.62 | 4.60 |
| Pretax Margin | 6.62 | 5.45 | 4.41 | 4.47 |
| Effective Tax Rate | 25.54 | 24.21 | 27.01 | 32.99 |
| Net Profit Margin | 4.65 | 3.97 | 3.06 | 2.82 |
| Normalized EBIT | 367.19 | 246.47 | 200.66 | 180.61 |
| Normalized EBITDA | 439.87 | 313.29 | 262.00 | 234.00 |
| Current Tax - Domestic | 59.06 | 35.27 | 31.29 | 44.21 |
| Current Tax - Foreign | 8.60 | 5.83 | 5.53 | 6.24 |
| Current Tax - Local | 16.71 | 10.07 | 7.54 | 8.58 |
| Current Tax - Total | 84.37 | 51.17 | 44.36 | 59.03 |
| Deferred Tax - Domestic | 2.29 | 6.90 | 11.17 | -1.38 |
| Deferred Tax - Foreign | 1.96 | -0.60 | -1.57 | 1.28 |
| Deferred Tax - Local | -1.52 | 0.81 | -0.52 | -0.86 |
| Deferred Tax - Total | 2.74 | 7.10 | 9.08 | -0.97 |
| Income Tax - Total | 87.10 | 58.27 | 53.44 | 58.07 |
| Defined Contribution Expense - Domestic | 0.20 | 2.00 | 2.00 | 2.00 |
| Total Pension Expense | 0.20 | 2.00 | 2.00 | 2.00 |
In millions of USD (except for per share items)
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