Fundamentals - Annual Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified)
Net Sales 1,857.48 1,351.40 1,157.36 876.97 874.45
Revenue 1,857.48 1,351.40 1,157.36 876.97 874.45
Total Revenue 1,857.48 1,351.40 1,157.36 876.97 874.45
Cost of Revenue 530.79 398.31 314.59 228.61 172.62
Cost of Revenue, Total 530.79 398.31 314.59 228.61 172.62
Gross Profit 1,326.69 953.09 842.78 648.37 701.83
Selling/General/Administrative Expense -- -- -- -- --
Labor & Related Expense 572.28 476.97 376.44 367.74 343.57
Advertising Expense -- -- -- -- --
Selling/General/Administrative Expenses, Total 572.28 476.97 376.44 367.74 343.57
Depreciation 50.42 40.00 34.39 34.05 32.47
Amortization of Intangibles, Operating 56.74 44.35 26.33 22.29 22.73
Depreciation/Amortization 107.16 84.34 60.71 56.34 55.20
Restructuring Charge 0.00 3.37 8.91 4.42 0.00
Impairment-Assets Held for Use 0.00 0.00 8.92 35.73 0.00
Loss (Gain) on Sale of Assets - Operating 0.66 -1.69 1.26 0.17 0.48
Other Unusual Expense (Income) 18.68 26.30 4.12 -8.40 0.58
Unusual Expense (Income) 19.34 27.98 23.21 31.92 1.06
Other Operating Expense 324.43 276.43 233.94 185.87 173.80
Other Operating Expenses, Total 324.43 276.43 233.94 185.87 173.80
Total Operating Expense 1,553.99 1,264.04 1,008.88 870.48 746.25
Operating Income 303.49 87.36 148.48 6.50 128.21
Interest Expense - Non-Operating -92.99 -80.60 -36.18 -26.70 -18.04
Interest Expense, Net Non-Operating -92.99 -80.60 -36.18 -26.70 -18.04
Interest Income (Expense), Net-Non-Operating, Total -92.99 -80.60 -36.18 -26.70 -18.04
Other Non-Operating Income (Expense) -1.47 -5.76 -19.63 -11.88 -16.98
Other, Net -1.47 -5.76 -19.63 -11.88 -16.98
Net Income Before Taxes 209.02 1.00 92.67 -32.08 93.19
Income Tax – Total 55.46 2.92 22.78 -15.85 33.27
Income After Tax 153.56 -1.91 69.89 -16.22 59.92
Minority Interest 0.00 0.00 0.63 1.51 0.00
Net Income Before Extraordinary Items 153.56 -1.91 70.52 -14.71 59.92
Discontinued Operations 150.23 -16.47 -50.14 0.40 12.78
Extraordinary Item -- -- -- 4.20 --
Tax on Extraordinary Items -34.46 -- -- -3.00 -5.46
Total Extraordinary Items 115.77 -16.47 -50.14 1.61 7.31
Net Income 269.33 -18.38 20.38 -13.11 67.24
Preferred Dividends -- -- -- -- --
Miscellaneous Earnings Adjustment -3.71 0.00 -1.13 0.00 -0.82
Total Adjustments to Net Income -3.71 0.00 -1.13 0.00 -0.82
Income Available to Common Excluding Extraordinary Items 149.85 -1.91 69.39 -14.71 59.11
Income Available to Common Stocks Including Extraordinary Items 265.62 -18.38 19.25 -13.11 66.42
Basic Weighted Average Shares 81.42 80.83 81.37 82.05 83.34
Basic EPS Excluding Extraordinary Items 1.84 -0.02 0.85 -0.18 0.71
Basic EPS Including Extraordinary Items 3.26 -0.23 0.24 -0.16 0.80
Dilution Adjustment -- -- -- -- --
Diluted Net Income 265.62 -18.38 19.25 -13.11 66.42
Diluted Weighted Average Shares 81.83 80.83 81.93 82.05 83.64
Diluted EPS Excluding Extraordinary Items 1.83 -0.02 0.85 -0.18 0.71
Diluted EPS Including Extraordinary Items 3.25 -0.23 0.23 -0.16 0.79
DPS - Common Stock Primary Issue 0.20 0.20 0.20 -- --
Gross Dividends - Common Stock 16.57 16.37 16.40 0.00 0.00
Total Special Items 19.34 27.98 23.21 31.92 1.06
Normalized Income Before Taxes 228.36 28.99 115.88 -0.15 94.25
Effect of Special Items on Income Taxes 5.13 9.79 5.71 11.17 0.38
Income Taxes Excluding Impact of Special Items 60.59 12.71 28.49 -4.68 33.64
Normalized Income After Taxes 167.77 16.28 87.39 4.53 60.60
Normalized Income Available to Common 164.06 16.28 86.90 6.04 59.79
Basic Normalized EPS 2.02 0.20 1.07 0.07 0.72
Diluted Normalized EPS 2.00 0.20 1.06 0.07 0.71
Amortization of Intangibles, Supplemental 56.74 44.35 26.33 22.29 22.73
Depreciation, Supplemental 50.42 42.64 37.66 34.05 35.85
Interest Expense, Supplemental 92.99 80.60 36.18 26.70 18.04
Rental Expense, Supplemental 21.00 14.70 -- 13.10 11.10
Stock-Based Compensation, Supplemental 17.86 14.70 -- 15.87 10.91
Advertising Expense, Supplemental -- -- -- -- --
Minority Interest, Supplemental 0.00 0.00 0.63 1.51 0.00
Audit-Related Fees, Supplemental -- -- -- 1.51 --
Audit-Related Fees -- -- -- 0.09 --
Tax Fees, Supplemental -- -- -- 0.00 --
Gross Margin 71.42 70.53 72.82 73.93 80.26
Operating Margin 16.34 6.46 12.83 0.74 14.66
Pretax Margin 11.25 0.07 8.01 -3.66 10.66
Effective Tax Rate 26.53 290.54 24.58 -- 35.70
Net Profit Margin 8.07 -0.14 6.00 -1.68 6.76
Normalized EBIT 322.83 115.34 171.69 38.42 129.26
Normalized EBITDA 429.98 202.33 235.68 94.76 187.84
Current Tax - Domestic -13.24 6.65 3.87 0.22 0.90
Current Tax - Foreign 0.11 -0.01 0.00 0.00 0.00
Current Tax - Local 2.48 2.24 2.33 -0.96 -1.63
Current Tax - Other -- -- -- -- --
Current Tax - Total -10.65 8.88 6.20 -0.75 -0.72
Deferred Tax - Domestic 57.76 -6.35 15.59 -12.40 31.03
Deferred Tax - Foreign -0.55 0.18 0.00 0.00 0.00
Deferred Tax - Local 8.90 0.21 1.00 -2.70 2.96
Deferred Tax - Other -- -- -- -- --
Deferred Tax - Total 66.11 -5.97 16.58 -15.11 33.99
Income Tax - Total 55.46 2.92 22.78 -15.85 33.27
Interest Cost - Domestic 19.80 -- -- 25.97 --
Service Cost - Domestic -- -- -- -- --
Prior Service Cost - Domestic -- -- -- -- --
Expected Return on Assets - Domestic -21.02 -- -- -17.44 --
Actuarial Gains and Losses - Domestic 4.67 -- -- 4.42 --
Curtailments & Settlements - Domestic 0.00 -- -- 0.00 --
Domestic Pension Plan Expense 3.46 -- -- 12.95 --
Defined Contribution Expense - Domestic 15.01 -- -- 10.60 --
Total Pension Expense 18.47 -- -- 23.55 --
Discount Rate - Domestic 3.40 -- -- 4.26 --
Expected Rate of Return - Domestic 5.50 -- -- 4.20 --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 19.80 -- -- 25.97 --
Total Plan Service Cost -- -- -- -- --
Total Plan Expected Return -21.02 -- -- -17.44 --
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