Income Statement

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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