Income Statement

Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Gross Revenue 4,492.18 4,565.75 4,006.20 3,290.25
Sales Returns and Allowances -76.17 -76.57 -65.02 -49.76
Revenue 4,416.01 4,489.18 3,941.18 3,240.49
Total Revenue 4,416.01 4,489.18 3,941.18 3,240.49
Cost of Revenue 3,730.49 3,896.29 3,398.36 2,765.90
Cost of Revenue, Total 3,730.49 3,896.29 3,398.36 2,765.90
Gross Profit 685.52 592.89 542.83 474.59
Selling/General/Administrative Expense 439.05 392.24 362.22 310.15
Selling/General/Administrative Expenses, Total 439.05 392.24 362.22 310.15
Loss (Gain) on Sale of Assets - Operating 1.57 -6.60 -0.86 0.00
Other Unusual Expense (Income) -- -- -- 0.00
Unusual Expense (Income) 1.57 -6.60 -0.86 0.00
Total Operating Expense 4,171.10 4,281.92 3,759.71 3,076.06
Operating Income 244.91 207.26 181.47 164.44
Interest Expense - Non-Operating -8.70 -8.89 -6.22 -4.58
Interest Expense, Net Non-Operating -8.70 -8.89 -6.22 -4.58
Interest Income, Non-Operating 1.95 1.37 0.73 0.54
Investment Income, Non-Operating 2.52 -1.89 0.03 0.27
Interest/Investment Income, Non-Operating 4.47 -0.52 0.76 0.81
Interest Income (Expense), Net-Non-Operating, Total -4.23 -9.41 -5.46 -3.77
Net Income Before Taxes 240.67 197.85 176.01 160.67
Income Tax – Total 58.27 53.44 58.07 55.17
Income After Tax 182.40 144.41 117.94 105.50
Minority Interest -2.75 -3.81 -4.53 -4.32
Net Income Before Extraordinary Items 179.65 140.60 113.41 101.18
Extraordinary Item -- 8.00 6.10 --
Total Extraordinary Items -- 8.00 6.10 --
Net Income 179.65 148.60 119.51 101.18
Preferred Dividends -- -- -- --
Miscellaneous Earnings Adjustment -4.50 -3.40 -2.23 -1.60
Total Adjustments to Net Income -4.50 -3.40 -2.23 -1.60
Income Available to Common Excluding Extraordinary Items 175.15 137.20 111.19 99.58
Income Available to Common Stocks Including Extraordinary Items 175.15 145.20 117.29 99.58
Basic Weighted Average Shares 60.11 60.35 60.27 60.13
Basic EPS Excluding Extraordinary Items 2.91 2.27 1.84 1.66
Basic EPS Including Extraordinary Items 2.91 2.41 1.95 1.66
Diluted Net Income 175.15 145.20 117.29 99.58
Diluted Weighted Average Shares 60.13 60.43 60.36 60.23
Diluted EPS Excluding Extraordinary Items 2.91 2.27 1.84 1.65
Diluted EPS Including Extraordinary Items 2.91 2.40 1.94 1.65
DPS - Common Stock Primary Issue 0.40 0.36 0.32 0.29
Gross Dividends - Common Stock 24.55 22.07 19.61 17.68
Total Special Items 1.57 -6.60 -0.86 0.00
Normalized Income Before Taxes 242.24 191.25 175.14 160.67
Effect of Special Items on Income Taxes 0.38 -1.78 -0.28 0.00
Income Taxes Excluding Impact of Special Items 58.65 51.66 57.78 55.17
Normalized Income After Taxes 183.59 139.59 117.36 105.50
Normalized Income Available to Common 176.34 132.38 110.61 99.58
Basic Normalized EPS 2.93 2.19 1.84 1.66
Diluted Normalized EPS 2.93 2.19 1.83 1.65
Amortization of Intangibles, Supplemental 6.33 6.39 4.86 2.80
Depreciation, Supplemental 60.49 54.95 48.54 40.82
Interest Expense, Supplemental 8.70 8.89 6.22 4.58
Rental Expense, Supplemental 22.37 25.00 22.30 10.50
Stock-Based Compensation, Supplemental 4.01 3.57 3.81 2.21
Equity in Affiliates, Supplemental -- -- 0.03 0.27
Minority Interest, Supplemental -2.75 -3.81 -4.53 -4.32
Audit-Related Fees, Supplemental -- 0.67 0.87 0.63
Audit-Related Fees -- -- 0.00 0.00
Tax Fees, Supplemental -- 0.04 0.10 0.13
All Other Fees Paid to Auditor, Supplemental -- 0.08 0.13 0.00
Gross Margin 15.52 13.21 13.77 14.65
Operating Margin 5.55 4.62 4.60 5.07
Pretax Margin 5.45 4.41 4.47 4.96
Effective Tax Rate 24.21 27.01 32.99 34.34
Net Profit Margin 3.97 3.06 2.82 3.07
Normalized EBIT 246.47 200.66 180.61 164.44
Normalized EBITDA 313.29 262.00 234.00 208.06
Current Tax - Domestic 35.27 31.29 44.21 42.40
Current Tax - Foreign 5.83 5.53 6.24 6.14
Current Tax - Local 10.07 7.54 8.58 6.34
Current Tax - Total 51.17 44.36 59.03 54.88
Deferred Tax - Domestic 6.90 11.17 -1.38 -0.46
Deferred Tax - Foreign -0.60 -1.57 1.28 0.31
Deferred Tax - Local 0.81 -0.52 -0.86 0.44
Deferred Tax - Total 7.10 9.08 -0.97 0.29
Income Tax - Total 58.27 53.44 58.07 55.17
Defined Contribution Expense - Domestic 2.00 2.00 2.00 2.40
Total Pension Expense 2.00 2.00 2.00 2.40

In millions of USD (except for per share items)

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