Fundamentals - Annual Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Reclassified)
Net Sales 2,283.53 1,857.48 1,351.40 1,157.36 876.97
Revenue 2,283.53 1,857.48 1,351.40 1,157.36 876.97
Total Revenue 2,283.53 1,857.48 1,351.40 1,157.36 876.97
Cost of Revenue 1,106.23 530.79 398.31 314.59 228.61
Cost of Revenue, Total 1,106.23 530.79 398.31 314.59 228.61
Gross Profit 1,177.31 1,326.69 953.09 842.78 648.37
Selling/General/Administrative Expense 595.11 -- -- -- --
Labor & Related Expense -- 572.28 476.97 376.44 367.74
Advertising Expense -- -- -- -- --
Selling/General/Administrative Expenses, Total 595.11 572.28 476.97 376.44 367.74
Depreciation 58.36 50.42 40.00 34.39 34.05
Amortization of Intangibles, Operating 103.57 56.74 44.35 26.33 22.29
Depreciation/Amortization 161.92 107.16 84.34 60.71 56.34
Restructuring Charge 9.44 0.00 3.37 8.91 4.42
Impairment-Assets Held for Use -- 0.00 0.00 8.92 35.73
Loss (Gain) on Sale of Assets - Operating -30.28 0.66 -1.69 1.26 0.17
Other Unusual Expense (Income) -26.06 18.68 26.30 4.12 -8.40
Unusual Expense (Income) -46.90 19.34 27.98 23.21 31.92
Other Operating Expense -- 324.43 276.43 233.94 185.87
Other Operating Expenses, Total -- 324.43 276.43 233.94 185.87
Total Operating Expense 1,816.35 1,553.99 1,264.04 1,008.88 870.48
Operating Income 467.18 303.49 87.36 148.48 6.50
Interest Expense - Non-Operating -165.16 -92.99 -80.60 -36.18 -26.70
Interest Expense, Net Non-Operating -165.16 -92.99 -80.60 -36.18 -26.70
Investment Income, Non-Operating -99.12 -- -- -- --
Interest/Investment Income, Non-Operating -99.12 -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -264.28 -92.99 -80.60 -36.18 -26.70
Other Non-Operating Income (Expense) -15.81 -1.47 -5.76 -19.63 -11.88
Other, Net -15.81 -1.47 -5.76 -19.63 -11.88
Net Income Before Taxes 187.09 209.02 1.00 92.67 -32.08
Income Tax – Total 71.19 55.46 2.92 22.78 -15.85
Income After Tax 115.90 153.56 -1.91 69.89 -16.22
Minority Interest -- 0.00 0.00 0.63 1.51
Net Income Before Extraordinary Items 115.90 153.56 -1.91 70.52 -14.71
Discontinued Operations 8.97 150.23 -16.47 -50.14 0.40
Extraordinary Item -- -- -- -- 4.20
Tax on Extraordinary Items -2.16 -34.46 -- -- -3.00
Total Extraordinary Items 6.81 115.77 -16.47 -50.14 1.61
Net Income 122.71 269.33 -18.38 20.38 -13.11
Preferred Dividends -49.37 -- -- -- --
Miscellaneous Earnings Adjustment -- -3.71 0.00 -1.13 0.00
Total Adjustments to Net Income -49.37 -3.71 0.00 -1.13 0.00
Income Available to Common Excluding Extraordinary Items 66.53 149.85 -1.91 69.39 -14.71
Income Available to Common Stocks Including Extraordinary Items 73.34 265.62 -18.38 19.25 -13.11
Basic Weighted Average Shares 82.33 81.42 80.83 81.37 82.05
Basic EPS Excluding Extraordinary Items 0.81 1.84 -0.02 0.85 -0.18
Basic EPS Including Extraordinary Items 0.89 3.26 -0.23 0.24 -0.16
Diluted Net Income 73.34 265.62 -18.38 19.25 -13.11
Diluted Weighted Average Shares 87.98 81.83 80.83 81.93 82.05
Diluted EPS Excluding Extraordinary Items 0.76 1.83 -0.02 0.85 -0.18
Diluted EPS Including Extraordinary Items 0.83 3.25 -0.23 0.23 -0.16
DPS - Common Stock Primary Issue -- 0.20 0.20 0.20 --
Gross Dividends - Common Stock 0.00 16.57 16.37 16.40 0.00
Total Special Items -46.90 19.34 27.98 23.21 31.92
Normalized Income Before Taxes 140.19 228.36 28.99 115.88 -0.15
Effect of Special Items on Income Taxes -17.85 5.13 9.79 5.71 11.17
Income Taxes Excluding Impact of Special Items 53.34 60.59 12.71 28.49 -4.68
Normalized Income After Taxes 86.84 167.77 16.28 87.39 4.53
Normalized Income Available to Common 37.47 164.06 16.28 86.90 6.04
Basic Normalized EPS 0.46 2.02 0.20 1.07 0.07
Diluted Normalized EPS 0.43 2.00 0.20 1.06 0.07
Amortization of Intangibles, Supplemental 103.57 56.74 44.35 26.33 22.29
Depreciation, Supplemental 58.36 50.42 42.64 37.66 34.05
Interest Expense, Supplemental 165.16 92.99 80.60 36.18 26.70
Rental Expense, Supplemental 24.30 21.00 14.70 -- 13.10
Stock-Based Compensation, Supplemental 25.96 17.86 14.70 -- 15.87
Advertising Expense, Supplemental -- -- -- -- --
Equity in Affiliates, Supplemental -99.12 -- -- -- --
Minority Interest, Supplemental -- 0.00 0.00 0.63 1.51
Audit-Related Fees, Supplemental -- -- -- -- 1.51
Audit-Related Fees -- -- -- -- 0.09
Tax Fees, Supplemental -- -- -- -- 0.00
Gross Margin 51.56 71.42 70.53 72.82 73.93
Operating Margin 20.46 16.34 6.46 12.83 0.74
Pretax Margin 8.19 11.25 0.07 8.01 -3.66
Effective Tax Rate 38.05 26.53 290.54 24.58 --
Net Profit Margin 2.91 8.07 -0.14 6.00 -1.68
Normalized EBIT 420.28 322.83 115.34 171.69 38.42
Normalized EBITDA 582.20 429.98 202.33 235.68 94.76
Current Tax - Domestic 52.15 -13.24 6.65 3.87 0.22
Current Tax - Foreign -0.05 0.11 -0.01 0.00 0.00
Current Tax - Local 9.10 2.48 2.24 2.33 -0.96
Current Tax - Total 61.19 -10.65 8.88 6.20 -0.75
Deferred Tax - Domestic 6.62 57.76 -6.35 15.59 -12.40
Deferred Tax - Foreign 0.29 -0.55 0.18 0.00 0.00
Deferred Tax - Local 3.09 8.90 0.21 1.00 -2.70
Deferred Tax - Other -- -- -- -- --
Deferred Tax - Total 10.00 66.11 -5.97 16.58 -15.11
Income Tax - Total 71.19 55.46 2.92 22.78 -15.85
Interest Cost - Domestic 16.47 19.80 -- -- 25.97
Expected Return on Assets - Domestic -23.24 -21.02 -- -- -17.44
Actuarial Gains and Losses - Domestic 6.21 4.67 -- -- 4.42
Curtailments & Settlements - Domestic -- 0.00 -- -- 0.00
Domestic Pension Plan Expense -0.56 3.46 -- -- 12.95
Defined Contribution Expense - Domestic 15.30 15.01 -- -- 10.60
Total Pension Expense 14.74 18.47 -- -- 23.55
Discount Rate - Domestic 2.64 3.40 -- -- 4.26
Expected Rate of Return - Domestic 5.50 5.50 -- -- 4.20
Total Plan Interest Cost 16.47 19.80 -- -- 25.97
Total Plan Expected Return -23.24 -21.02 -- -- -17.44
For a more complete picture of our financial results, please review our SEC Filings

Copyright Refinitiv