Fundamentals - Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 7,531.00 7,402.00 7,214.00 7,493.00 7,435.00
Revenue 7,531.00 7,402.00 7,214.00 7,493.00 7,435.00
Total Revenue 7,531.00 7,402.00 7,214.00 7,493.00 7,435.00
Cost of Revenue 4,870.00 4,674.00 4,576.00 4,625.00 4,616.00
Cost of Revenue, Total 4,870.00 4,674.00 4,576.00 4,625.00 4,616.00
Gross Profit 2,661.00 2,728.00 2,638.00 2,868.00 2,819.00
Selling/General/Administrative Expense 1,359.00 1,383.00 1,343.00 1,672.00 1,705.00
Selling/General/Administrative Expenses, Total 1,359.00 1,383.00 1,343.00 1,672.00 1,705.00
Amortization of Intangibles, Operating 90.00 74.00 72.00 81.00 94.00
Depreciation/Amortization 90.00 74.00 72.00 81.00 94.00
Investment Income - Operating -- -- -- -- --
Interest/Investment Income - Operating -- -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- -- --
Restructuring Charge 122.00 105.00 78.00 39.00 44.00
Litigation -- -- -- -- --
Impairment-Assets Held for Sale -- -- -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- 0.00 0.00
Other Unusual Expense (Income) 4.00 0.00 -118.00 -334.00 --
Unusual Expense (Income) 126.00 105.00 -40.00 -295.00 44.00
Other, Net -15.00 1.00 -14.00 11.00 -7.00
Other Operating Expenses, Total -15.00 1.00 -14.00 11.00 -7.00
Total Operating Expense 6,430.00 6,237.00 5,937.00 6,094.00 6,452.00
Operating Income 1,101.00 1,165.00 1,277.00 1,399.00 983.00
Interest Expense - Non-Operating -169.00 -153.00 -144.00 -154.00 -167.00
Interest Expense, Net Non-Operating -169.00 -153.00 -144.00 -154.00 -167.00
Interest Income, Non-Operating 2.00 2.00 1.00 1.00 3.00
Investment Income, Non-Operating 0.00 0.00 -- 23.00 26.00
Interest/Investment Income, Non-Operating 2.00 2.00 1.00 24.00 29.00
Interest Income (Expense), Net-Non-Operating, Total -167.00 -151.00 -143.00 -130.00 -138.00
Other Non-Operating Income (Expense) -8.00 16.00 -48.00 -143.00 4.00
Other, Net -8.00 16.00 -48.00 -143.00 4.00
Net Income Before Taxes 926.00 1,030.00 1,086.00 1,126.00 849.00
Income Tax – Total 196.00 347.00 429.00 373.00 262.00
Income After Tax 730.00 683.00 657.00 753.00 587.00
Minority Interest -52.00 -52.00 -51.00 -44.00 -36.00
Equity In Affiliates 44.00 35.00 39.00 -- --
Net Income Before Extraordinary Items 722.00 666.00 645.00 709.00 551.00
Discontinued Operations -- -- -- 0.00 5.00
Extraordinary Item 14.00 106.00 -- -- --
Total Extraordinary Items 14.00 106.00 -- 0.00 5.00
Net Income 736.00 772.00 645.00 709.00 556.00
Miscellaneous Earnings Adjustment -3.00 -3.00 -3.00 -3.00 -2.00
Total Adjustments to Net Income -3.00 -3.00 -3.00 -3.00 -2.00
Income Available to Common Excluding Extraordinary Items 719.00 663.00 642.00 706.00 549.00
Income Available to Common Stocks Including Extraordinary Items 733.00 769.00 642.00 706.00 554.00
Basic Weighted Average Shares 136.00 137.00 140.00 144.00 145.00
Basic EPS Excluding Extraordinary Items 5.29 4.84 4.59 4.90 3.79
Basic EPS Including Extraordinary Items 5.39 5.61 4.59 4.90 3.82
Dilution Adjustment -- -- -- -- --
Diluted Net Income 733.00 769.00 642.00 706.00 554.00
Diluted Weighted Average Shares 139.00 140.00 142.00 145.00 145.00
Diluted EPS Excluding Extraordinary Items 5.17 4.74 4.52 4.87 3.79
Diluted EPS Including Extraordinary Items 5.27 5.49 4.52 4.87 3.82
DPS - Common Stock Primary Issue 1.95 1.80 1.58 1.47 1.29
Gross Dividends - Common Stock 231.00 247.00 231.00 219.00 191.00
Total Special Items 126.00 105.00 -40.00 -295.00 44.00
Normalized Income Before Taxes 1,052.00 1,135.00 1,046.00 831.00 893.00
Effect of Special Items on Income Taxes 26.67 35.37 -15.80 -97.72 13.58
Income Taxes Excluding Impact of Special Items 222.67 382.37 413.20 275.28 275.58
Normalized Income After Taxes 829.33 752.63 632.80 555.72 617.42
Normalized Income Available to Common 818.33 732.63 617.80 508.72 579.42
Basic Normalized EPS 6.02 5.35 4.41 3.53 4.00
Diluted Normalized EPS 5.89 5.23 4.35 3.51 4.00
Amortization of Intangibles, Supplemental 90.00 74.00 72.00 81.00 94.00
Depreciation, Supplemental 219.00 196.00 177.00 223.00 220.00
Interest Expense, Supplemental 169.00 153.00 144.00 154.00 167.00
Rental Expense, Supplemental 220.00 -- -- 224.00 242.00
Stock-Based Compensation, Supplemental 61.00 79.00 69.00 52.00 51.00
Equity in Affiliates, Supplemental 44.00 35.00 39.00 23.00 26.00
Minority Interest, Supplemental -52.00 -52.00 -51.00 -44.00 -36.00
Audit-Related Fees, Supplemental 3.58 -- -- 3.61 3.71
Audit-Related Fees 0.00 -- -- 0.00 0.03
Tax Fees, Supplemental 0.23 -- -- 1.10 0.93
All Other Fees Paid to Auditor, Supplemental 0.00 -- -- 0.00 0.00
Gross Margin 35.33 36.85 36.57 38.28 37.92
Operating Margin 14.62 15.74 17.70 18.67 13.22
Pretax Margin 12.30 13.92 15.05 15.03 11.42
Effective Tax Rate 21.17 33.69 39.50 33.13 30.86
Net Profit Margin 9.55 8.96 8.90 9.42 7.38
Normalized EBIT 1,227.00 1,270.00 1,237.00 1,104.00 1,027.00
Normalized EBITDA 1,536.00 1,540.00 1,486.00 1,408.00 1,341.00
Current Tax - Domestic 82.00 217.00 346.00 -- 204.00
Current Tax - Foreign 1.00 1.00 1.00 -- 3.00
Current Tax - Local 26.00 5.00 45.00 -- 34.00
Current Tax - Total 109.00 223.00 392.00 -- 241.00
Deferred Tax - Domestic 80.00 95.00 33.00 -- 28.00
Deferred Tax - Foreign -3.00 2.00 0.00 -- -1.00
Deferred Tax - Local 10.00 27.00 4.00 -- -6.00
Deferred Tax - Total 87.00 124.00 37.00 -- 21.00
Income Tax - Total 196.00 347.00 429.00 -- 262.00
Defined Contribution Expense - Domestic 78.00 -- -- 77.00 73.00
Total Pension Expense 78.00 -- -- 77.00 73.00

In millions of USD (except for per share items)

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