Fundamentals - Annual Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Restated)
Net Sales 1,423.84 1,208.43 876.97 874.45 654.18
Revenue 1,423.84 1,208.43 876.97 874.45 654.18
Total Revenue 1,423.84 1,208.43 876.97 874.45 654.18
Cost of Revenue 451.25 350.75 228.61 172.62 112.17
Cost of Revenue, Total 451.25 350.75 228.61 172.62 112.17
Gross Profit 972.59 857.67 648.37 701.83 542.01
Selling/General/Administrative Expense -- -- -- -- --
Labor & Related Expense 499.02 394.03 367.74 343.57 316.42
Advertising Expense -- -- -- -- --
Selling/General/Administrative Expenses, Total 499.02 394.03 367.74 343.57 316.42
Depreciation 40.71 34.64 34.05 32.47 32.81
Amortization of Intangibles, Operating 46.28 29.35 22.29 22.73 16.98
Depreciation/Amortization 86.99 63.99 56.34 55.20 49.79
Restructuring Charge 3.37 8.91 4.42 0.00 0.00
Impairment-Assets Held for Use 0.00 8.92 35.73 0.00 24.61
Loss (Gain) on Sale of Assets - Operating -1.69 1.26 0.17 0.48 0.31
Other Unusual Expense (Income) 26.30 4.12 -8.40 0.58 37.99
Unusual Expense (Income) 27.98 23.21 31.92 1.06 62.91
Other Operating Expense 293.06 246.49 185.87 173.80 149.45
Other Operating Expenses, Total 293.06 246.49 185.87 173.80 149.45
Total Operating Expense 1,358.30 1,078.47 870.48 746.25 690.74
Operating Income 65.54 129.96 6.50 128.21 -36.56
Interest Expense - Non-Operating -80.60 -36.18 -26.70 -18.04 -15.10
Interest Expense, Net Non-Operating -80.60 -36.18 -26.70 -18.04 -15.10
Interest Income (Expense), Net-Non-Operating, Total -80.60 -36.18 -26.70 -18.04 -15.10
Other Non-Operating Income (Expense) -5.82 -19.60 -11.88 -16.98 -60.10
Other, Net -5.82 -19.60 -11.88 -16.98 -60.10
Net Income Before Taxes -20.88 74.18 -32.08 93.19 -111.76
Income Tax – Total -2.50 18.10 -15.85 33.27 -37.88
Income After Tax -18.38 56.08 -16.22 59.92 -73.87
Minority Interest 0.00 0.63 1.51 0.00 0.00
Net Income Before Extraordinary Items -18.38 56.71 -14.71 59.92 -73.87
Discontinued Operations 0.00 -38.09 0.40 12.78 -8.61
Extraordinary Item -- -- 4.20 -- --
Tax on Extraordinary Items -- 1.76 -3.00 -5.46 --
Total Extraordinary Items 0.00 -36.33 1.61 7.31 -8.61
Net Income -18.38 20.38 -13.11 67.24 -82.48
Preferred Dividends -- -- -- -- --
Miscellaneous Earnings Adjustment -- -0.91 0.00 -0.82 --
Total Adjustments to Net Income -- -0.91 0.00 -0.82 --
Income Available to Common Excluding Extraordinary Items -18.38 55.80 -14.71 59.11 -73.87
Income Available to Common Stocks Including Extraordinary Items -18.38 19.47 -13.11 66.42 -82.48
Basic Weighted Average Shares 80.83 81.37 82.05 83.34 77.37
Basic EPS Excluding Extraordinary Items -0.23 0.69 -0.18 0.71 -0.95
Basic EPS Including Extraordinary Items -0.23 0.24 -0.16 0.80 -1.07
Dilution Adjustment -- -- -- -- --
Diluted Net Income -18.38 19.47 -13.11 66.42 -82.48
Diluted Weighted Average Shares 80.83 81.93 82.05 83.64 77.37
Diluted EPS Excluding Extraordinary Items -0.23 0.68 -0.18 0.71 -0.95
Diluted EPS Including Extraordinary Items -0.23 0.24 -0.16 0.79 -1.07
DPS - Common Stock Primary Issue 0.20 0.20 -- -- --
Gross Dividends - Common Stock 16.37 16.40 0.00 0.00 59.52
Total Special Items 27.98 23.21 31.92 1.06 62.91
Normalized Income Before Taxes 7.11 97.39 -0.15 94.25 -48.85
Effect of Special Items on Income Taxes 9.79 5.66 11.17 0.38 22.02
Income Taxes Excluding Impact of Special Items 7.30 23.76 -4.68 33.64 -15.87
Normalized Income After Taxes -0.19 73.62 4.53 60.60 -32.98
Normalized Income Available to Common -0.19 73.35 6.04 59.79 -32.98
Basic Normalized EPS 0.00 0.90 0.07 0.72 -0.43
Diluted Normalized EPS 0.00 0.90 0.07 0.71 -0.43
Amortization of Intangibles, Supplemental 46.28 29.35 22.29 22.73 16.98
Depreciation, Supplemental 40.71 34.64 34.05 35.85 34.97
Interest Expense, Supplemental 80.60 36.18 26.70 18.04 15.10
Rental Expense, Supplemental 17.20 15.50 13.10 11.10 8.80
Stock-Based Compensation, Supplemental 14.91 10.74 15.87 10.91 9.87
Advertising Expense, Supplemental -- -- -- -- --
Minority Interest, Supplemental 0.00 0.63 1.51 0.00 0.00
Audit-Related Fees, Supplemental -- 1.43 1.51 -- --
Audit-Related Fees -- 0.00 0.09 -- --
Tax Fees, Supplemental -- 0.00 0.00 -- --
Gross Margin 68.31 70.97 73.93 80.26 82.85
Operating Margin 4.60 10.75 0.74 14.66 -5.59
Pretax Margin -1.47 6.14 -3.66 10.66 -17.08
Effective Tax Rate -- 24.40 -- 35.70 --
Net Profit Margin -1.29 4.62 -1.68 6.76 -11.29
Normalized EBIT 93.52 153.17 38.42 129.26 26.34
Normalized EBITDA 180.51 217.16 94.76 187.84 78.30
Current Tax - Domestic 1.41 -0.72 0.22 0.90 0.28
Current Tax - Foreign -0.01 0.00 0.00 0.00 --
Current Tax - Local 0.95 1.12 -0.96 -1.63 -3.59
Current Tax - Other -- -- -- -- --
Current Tax - Total 2.35 0.40 -0.75 -0.72 -3.31
Deferred Tax - Domestic -5.40 16.51 -12.40 31.03 -30.55
Deferred Tax - Foreign 0.18 0.00 0.00 0.00 --
Deferred Tax - Local 0.38 1.19 -2.70 2.96 -4.03
Deferred Tax - Other -- -- -- -- --
Deferred Tax - Total -4.85 17.70 -15.11 33.99 -34.58
Income Tax - Total -2.50 18.10 -15.85 33.27 -37.88
Interest Cost - Domestic 23.29 23.84 25.97 -- --
Service Cost - Domestic -- -- -- -- --
Prior Service Cost - Domestic -- -- -- -- --
Expected Return on Assets - Domestic -19.97 -22.23 -17.44 -- --
Actuarial Gains and Losses - Domestic 2.62 3.53 4.42 -- --
Curtailments & Settlements - Domestic 0.00 11.71 0.00 -- --
Domestic Pension Plan Expense 5.94 16.84 12.95 -- --
Defined Contribution Expense - Domestic 11.64 11.72 10.60 -- --
Total Pension Expense 17.58 28.56 23.55 -- --
Discount Rate - Domestic 4.38 3.71 4.26 -- --
Expected Rate of Return - Domestic 5.50 5.10 4.20 -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 23.29 23.84 25.97 -- --
Total Plan Service Cost -- -- -- -- --
Total Plan Expected Return -19.97 -22.23 -17.44 -- --
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