Fundamentals - Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Restated)
Net Sales 1,208.43 876.97 874.45 654.18 498.75
Revenue 1,208.43 876.97 874.45 654.18 498.75
Total Revenue 1,208.43 876.97 874.45 654.18 498.75
Cost of Revenue 350.75 228.61 172.62 112.17 55.49
Cost of Revenue, Total 350.75 228.61 172.62 112.17 55.49
Gross Profit 857.67 648.37 701.83 542.01 443.27
Selling/General/Administrative Expense -- -- -- -- 31.16
Labor & Related Expense 394.03 367.74 343.57 316.42 257.87
Advertising Expense -- -- -- -- 7.00
Selling/General/Administrative Expenses, Total 394.03 367.74 343.57 316.42 296.03
Depreciation 34.64 34.05 32.47 32.81 24.17
Amortization of Intangibles, Operating 29.35 22.29 22.73 16.98 8.01
Depreciation/Amortization 63.99 56.34 55.20 49.79 32.18
Restructuring Charge 8.91 4.42 0.00 0.00 --
Impairment-Assets Held for Use 8.92 35.73 0.00 24.61 0.00
Loss (Gain) on Sale of Assets - Operating 1.26 0.17 0.48 0.31 -2.87
Other Unusual Expense (Income) 4.12 -8.40 0.58 37.99 9.71
Unusual Expense (Income) 23.21 31.92 1.06 62.91 6.84
Other Operating Expense 246.49 185.87 173.80 149.45 77.02
Other Operating Expenses, Total 246.49 185.87 173.80 149.45 77.02
Total Operating Expense 1,078.47 870.48 746.25 690.74 467.55
Operating Income 129.96 6.50 128.21 -36.56 31.20
Interest Expense - Non-Operating -36.18 -26.70 -18.04 -15.10 -8.49
Interest Expense, Net Non-Operating -36.18 -26.70 -18.04 -15.10 -8.49
Interest Income (Expense), Net-Non-Operating, Total -36.18 -26.70 -18.04 -15.10 -8.49
Other Non-Operating Income (Expense) -19.60 -11.88 -16.98 -60.10 -13.36
Other, Net -19.60 -11.88 -16.98 -60.10 -13.36
Net Income Before Taxes 74.18 -32.08 93.19 -111.76 9.35
Income Tax – Total 18.10 -15.85 33.27 -37.88 -0.11
Income After Tax 56.08 -16.22 59.92 -73.87 9.46
Minority Interest 0.63 1.51 0.00 0.00 --
Net Income Before Extraordinary Items 56.71 -14.71 59.92 -73.87 9.46
Discontinued Operations -38.09 0.40 12.78 -8.61 1.07
Extraordinary Item -- 4.20 -- -- --
Tax on Extraordinary Items 1.76 -3.00 -5.46 -- --
Total Extraordinary Items -36.33 1.61 7.31 -8.61 1.07
Net Income 20.38 -13.11 67.24 -82.48 10.53
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 55.80 -14.71 59.11 -73.87 9.46
Income Available to Common Stocks Including Extraordinary Items 19.47 -13.11 66.42 -82.48 10.53
Basic Weighted Average Shares 81.37 82.05 83.34 77.37 56.34
Basic EPS Excluding Extraordinary Items 0.69 -0.18 0.71 -0.95 0.17
Basic EPS Including Extraordinary Items 0.24 -0.16 0.80 -1.07 0.19
Dilution Adjustment -- -- -- -- --
Diluted Net Income 19.47 -13.11 66.42 -82.48 10.53
Diluted Weighted Average Shares 81.93 82.05 83.64 77.37 57.24
Diluted EPS Excluding Extraordinary Items 0.68 -0.18 0.71 -0.95 0.17
Diluted EPS Including Extraordinary Items 0.24 -0.16 0.79 -1.07 0.18
DPS - Common Stock Primary Issue 0.20 -- -- -- --
Gross Dividends - Common Stock 16.40 0.00 0.00 59.52 0.00
Total Special Items 23.21 31.92 1.06 62.91 6.84
Normalized Income Before Taxes 97.39 -0.15 94.25 -48.85 16.18
Effect of Special Items on Income Taxes 5.66 11.17 0.38 22.02 2.39
Income Taxes Excluding Impact of Special Items 23.76 -4.68 33.64 -15.87 2.28
Normalized Income After Taxes 73.62 4.53 60.60 -32.98 13.90
Normalized Income Available to Common 73.35 6.04 59.79 -32.98 13.90
Basic Normalized EPS 0.90 0.07 0.72 -0.43 0.25
Diluted Normalized EPS 0.90 0.07 0.71 -0.43 0.24
Amortization of Intangibles, Supplemental 29.35 22.29 22.73 16.98 8.01
Depreciation, Supplemental 34.64 34.05 35.85 34.97 24.17
Interest Expense, Supplemental 36.18 26.70 18.04 15.10 8.49
Rental Expense, Supplemental 15.50 13.10 11.10 8.80 8.20
Stock-Based Compensation, Supplemental 10.12 12.11 10.91 9.87 6.99
Advertising Expense, Supplemental -- -- -- -- 7.00
Minority Interest, Supplemental 0.63 1.51 0.00 0.00 --
Audit-Related Fees, Supplemental -- 1.51 -- -- 1.38
Audit-Related Fees -- 0.09 -- -- 1.66
Tax Fees, Supplemental -- 0.00 -- -- 0.04
Gross Margin 70.97 73.93 80.26 82.85 88.87
Operating Margin 10.75 0.74 14.66 -5.59 6.26
Pretax Margin 6.14 -3.66 10.66 -17.08 1.87
Effective Tax Rate 24.40 -- 35.70 -- -1.19
Net Profit Margin 4.62 -1.68 6.76 -11.29 1.90
Normalized EBIT 153.17 38.42 129.26 26.34 38.04
Normalized EBITDA 217.16 94.76 187.84 78.30 70.22
Current Tax - Domestic -0.72 0.22 0.90 0.28 2.36
Current Tax - Foreign 0.00 0.00 0.00 -- --
Current Tax - Local 1.12 -0.96 -1.63 -3.59 -8.77
Current Tax - Other -- -- -- -- --
Current Tax - Total 0.40 -0.75 -0.72 -3.31 -6.41
Deferred Tax - Domestic 16.51 -12.40 31.03 -30.55 6.40
Deferred Tax - Foreign -0.00 0.00 0.00 -- --
Deferred Tax - Local 1.19 -2.70 2.96 -4.03 --
Deferred Tax - Other -- -- -- -- -0.10
Deferred Tax - Total 17.70 -15.11 33.99 -34.58 6.30
Income Tax - Total 18.10 -15.85 33.27 -37.88 -0.11
Interest Cost - Domestic 23.84 25.97 -- -- --
Service Cost - Domestic -- -- -- -- --
Prior Service Cost - Domestic -- -- -- -- --
Expected Return on Assets - Domestic -22.23 -17.44 -- -- --
Actuarial Gains and Losses - Domestic 3.53 4.42 -- -- --
Curtailments & Settlements - Domestic 11.71 0.00 -- -- --
Domestic Pension Plan Expense 16.84 12.95 -- -- --
Defined Contribution Expense - Domestic 11.72 10.60 -- -- --
Total Pension Expense 28.56 23.55 -- -- --
Discount Rate - Domestic 3.71 4.26 -- -- --
Expected Rate of Return - Domestic 5.10 4.20 -- -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 23.84 25.97 -- -- --
Total Plan Service Cost -- -- -- -- --
Total Plan Expected Return -22.23 -17.44 -- -- --
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