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annual income statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated)
Net Sales 3,519.29 3,462.27 3,400.50 3,198.54
Revenue 3,519.29 3,462.27 3,400.50 3,198.54
Total Revenue 3,519.29 3,462.27 3,400.50 3,198.54
Cost of Revenue 2,010.74 1,964.79 1,917.15 1,820.02
Cost of Revenue, Total 2,010.74 1,964.79 1,917.15 1,820.02
Gross Profit 1,508.55 1,497.48 1,483.35 1,378.52
Selling/General/Administrative Expense 1,123.99 1,130.31 1,089.38 978.56
Labor & Related Expense 16.53 14.67 17.55 16.85
Selling/General/Administrative Expenses, Total 1,140.52 1,144.98 1,106.93 995.41
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization -- -- -- --
Restructuring Charge -- -- -- --
Impairment-Assets Held for Use 30.80 -- -- --
Other Unusual Expense (Income) 7.82 -- -- --
Unusual Expense (Income) 38.62 -- -- --
Other, Net -34.64 -38.93 -43.18 -42.82
Other Operating Expenses, Total -34.64 -38.93 -43.18 -42.82
Total Operating Expense 3,155.24 3,070.84 2,980.90 2,772.62
Operating Income 364.05 391.43 419.61 425.93
Interest Expense - Non-Operating -37.62 -34.57 -30.04 -27.04
Interest Expense, Net Non-Operating -37.62 -34.57 -30.04 -27.04
Interest Income, Non-Operating 1.30 0.53 0.35 0.56
Interest/Investment Income, Non-Operating 1.30 0.53 0.35 0.56
Interest Income (Expense), Net-Non-Operating, Total -36.31 -34.04 -29.70 -26.48
Other Non-Operating Income (Expense) 0.22 -1.42 1.16 -4.01
Other, Net 0.22 -1.42 1.16 -4.01
Net Income Before Taxes 327.95 355.98 391.07 395.44
Income Tax – Total 64.15 73.91 128.22 137.73
Income After Tax 263.80 282.07 262.85 257.71
Net Income Before Extraordinary Items 263.80 282.07 262.85 257.71
Extraordinary Item -- -- 40.00 --
Total Extraordinary Items -- -- 40.00 --
Net Income 263.80 282.07 302.85 257.71
Miscellaneous Earnings Adjustment -2.43 -2.15 -2.41 -2.05
Total Adjustments to Net Income -2.43 -2.15 -2.41 -2.05
Income Available to Common Excluding Extraordinary Items 261.37 279.92 260.44 255.66
Income Available to Common Stocks Including Extraordinary Items 261.37 279.92 300.44 255.66
Basic Weighted Average Shares 44.40 46.16 47.59 49.92
Basic EPS Excluding Extraordinary Items 5.89 6.06 5.47 5.12
Basic EPS Including Extraordinary Items 5.89 6.06 6.31 5.12
Dilution Adjustment -- -- -- --
Diluted Net Income 261.37 279.92 300.44 255.66
Diluted Weighted Average Shares 44.71 46.65 48.15 50.38
Diluted EPS Excluding Extraordinary Items 5.85 6.00 5.41 5.08
Diluted EPS Including Extraordinary Items 5.85 6.00 6.24 5.08
DPS - Common Stock Primary Issue 2.00 1.80 1.48 1.32
Gross Dividends - Common Stock 89.59 83.72 70.91 66.36
Restructuring Charge, Supplemental 0.90 -- -- --
Non-Recurring Items, Total 0.90 -- -- --
Total Special Items 39.52 -- -- --
Normalized Income Before Taxes 367.48 355.98 391.07 395.44
Effect of Special Items on Income Taxes 7.73 -- -- --
Income Taxes Excluding Impact of Special Items 71.88 73.91 128.22 137.73
Normalized Income After Taxes 295.59 282.07 262.85 257.71
Normalized Income Available to Common 293.16 279.92 260.44 255.66
Basic Normalized EPS 6.60 6.06 5.47 5.12
Diluted Normalized EPS 6.56 6.00 5.41 5.08
Amortization of Intangibles, Supplemental 3.75 3.72 2.62 1.92
Depreciation, Supplemental 92.21 85.94 81.80 71.52
Interest Expense, Supplemental 37.62 34.57 30.04 27.04
Rental Expense, Supplemental 243.03 165.60 161.90 150.60
Stock-Based Compensation, Supplemental 16.53 14.67 17.55 16.85
Audit-Related Fees, Supplemental 2.06 2.33 -- --
Audit-Related Fees 0.11 0.05 -- --
Tax Fees, Supplemental 0.00 0.00 -- --
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 -- --
Gross Margin 42.87 43.25 43.62 43.10
Operating Margin 10.34 11.31 12.34 13.32
Pretax Margin 9.32 10.28 11.50 12.36
Effective Tax Rate 19.56 20.76 32.79 34.83
Net Profit Margin 7.43 8.08 7.66 7.99
Normalized EBIT 403.57 391.43 419.61 425.93
Normalized EBITDA 499.53 481.09 504.02 499.37
Current Tax - Domestic 50.16 48.13 117.68 113.33
Current Tax - Foreign 16.74 17.36 14.12 11.94
Current Tax - Local 10.55 9.44 11.37 11.41
Current Tax - Total 77.45 74.93 143.16 136.67
Deferred Tax - Domestic -10.78 -0.76 -15.19 1.22
Deferred Tax - Foreign -0.64 -0.40 -0.08 -0.49
Deferred Tax - Local -1.88 0.14 0.34 0.33
Deferred Tax - Total -13.30 -1.02 -14.94 1.06
Income Tax - Total 64.15 73.91 128.22 137.73
Interest Cost - Domestic 2.43 2.29 -- --
Service Cost - Domestic 0.02 0.03 -- --
Expected Return on Assets - Domestic -2.61 -2.93 -- --
Actuarial Gains and Losses - Domestic 0.80 0.71 -- --
Domestic Pension Plan Expense 0.64 0.09 -- --
Interest Cost - Post-Retirement 0.12 0.12 -- --
Service Cost - Post-Retirement 0.02 0.03 -- --
Actuarial Gains and Losses - Post-Retirement -0.40 -0.29 -- --
Curtailments & Settlements - Post-Retirement -- -- -- --
Post-Retirement Plan Expense -0.25 -0.13 -- --
Defined Contribution Expense - Domestic 8.83 2.51 -- --
Defined Contribution Expense - Retirement 8.83 2.51 -- --
Total Pension Expense 18.05 4.97 -- --
Discount Rate - Domestic 4.00 3.50 -- --
Discount Rate - Post-Retirement 4.00 3.25 -- --
Expected Rate of Return - Domestic 5.50 6.25 -- --
Total Plan Interest Cost 2.56 2.41 -- --
Total Plan Service Cost 0.04 0.06 -- --
Total Plan Expected Return -2.61 -2.93 -- --
Retail Sales 2,313.64 2,281.58 2,190.75 1,656.41

In millions of USD (except for per share items)

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