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annual income statement

  Year Ending Jan 2021 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated)
Net Sales 3,024.33 3,519.29 3,462.27 3,400.50
Revenue 3,024.33 3,519.29 3,462.27 3,400.50
Total Revenue 3,024.33 3,519.29 3,462.27 3,400.50
Cost of Revenue 1,696.22 2,010.74 1,964.79 1,917.15
Cost of Revenue, Total 1,696.22 2,010.74 1,964.79 1,917.15
Gross Profit 1,328.11 1,508.55 1,497.48 1,483.35
Selling/General/Administrative Expense 1,054.37 1,123.99 1,130.31 1,089.38
Labor & Related Expense -- 16.53 14.67 17.55
Selling/General/Administrative Expenses, Total 1,054.37 1,140.52 1,144.98 1,106.93
Amortization of Intangibles, Operating -- -- -- --
Depreciation/Amortization -- -- -- --
Restructuring Charge 21.24 -- -- --
Impairment-Assets Held for Use 53.24 30.80 -- --
Other Unusual Expense (Income) 35.67 7.82 -- --
Unusual Expense (Income) 110.15 38.62 -- --
Other, Net -26.28 -34.64 -38.93 -43.18
Other Operating Expenses, Total -26.28 -34.64 -38.93 -43.18
Total Operating Expense 2,834.47 3,155.24 3,070.84 2,980.90
Operating Income 189.87 364.05 391.43 419.61
Interest Expense - Non-Operating -56.06 -37.62 -34.57 -30.04
Interest Expense, Net Non-Operating -56.06 -37.62 -34.57 -30.04
Interest Income, Non-Operating 1.52 1.30 0.53 0.35
Interest/Investment Income, Non-Operating 1.52 1.30 0.53 0.35
Interest Income (Expense), Net-Non-Operating, Total -54.55 -36.31 -34.04 -29.70
Other Non-Operating Income (Expense) -0.34 0.22 -1.42 1.16
Other, Net -0.34 0.22 -1.42 1.16
Net Income Before Taxes 134.98 327.95 355.98 391.07
Income Tax – Total 25.27 64.15 73.91 128.22
Income After Tax 109.72 263.80 282.07 262.85
Net Income Before Extraordinary Items 109.72 263.80 282.07 262.85
Extraordinary Item -- -- -- 40.00
Total Extraordinary Items -- -- -- 40.00
Net Income 109.72 263.80 282.07 302.85
Miscellaneous Earnings Adjustment -1.12 -2.43 -2.15 -2.41
Total Adjustments to Net Income -1.12 -2.43 -2.15 -2.41
Income Available to Common Excluding Extraordinary Items 108.60 261.37 279.92 260.44
Income Available to Common Stocks Including Extraordinary Items 108.60 261.37 279.92 300.44
Basic Weighted Average Shares 43.24 44.40 46.16 47.59
Basic EPS Excluding Extraordinary Items 2.51 5.89 6.06 5.47
Basic EPS Including Extraordinary Items 2.51 5.89 6.06 6.31
Dilution Adjustment -- -- -- --
Diluted Net Income 108.60 261.37 279.92 300.44
Diluted Weighted Average Shares 43.41 44.71 46.65 48.15
Diluted EPS Excluding Extraordinary Items 2.50 5.85 6.00 5.41
Diluted EPS Including Extraordinary Items 2.50 5.85 6.00 6.24
DPS - Common Stock Primary Issue -- 2.00 1.80 1.48
Gross Dividends - Common Stock 26.26 89.59 83.72 70.91
Restructuring Charge, Supplemental -- 2.30 -- --
Non-Recurring Items, Total -- 2.30 -- --
Total Special Items 110.15 40.92 -- --
Normalized Income Before Taxes 245.13 368.88 355.98 391.07
Effect of Special Items on Income Taxes 20.62 8.00 -- --
Income Taxes Excluding Impact of Special Items 45.88 72.15 73.91 128.22
Normalized Income After Taxes 199.25 296.72 282.07 262.85
Normalized Income Available to Common 198.13 294.29 279.92 260.44
Basic Normalized EPS 4.58 6.63 6.06 5.47
Diluted Normalized EPS 4.56 6.58 6.00 5.41
Amortization of Intangibles, Supplemental 3.72 3.75 3.72 2.62
Depreciation, Supplemental 90.28 92.21 85.94 81.80
Interest Expense, Supplemental 56.06 37.62 34.57 30.04
Rental Expense, Supplemental 180.06 243.03 165.60 161.90
Stock-Based Compensation, Supplemental 12.83 16.53 14.67 17.55
Audit-Related Fees, Supplemental 2.49 2.06 2.33 --
Audit-Related Fees 0.00 0.11 0.05 --
Tax Fees, Supplemental 0.01 0.00 0.00 --
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 --
Gross Margin 43.91 42.87 43.25 43.62
Operating Margin 6.28 10.34 11.31 12.34
Pretax Margin 4.46 9.32 10.28 11.50
Effective Tax Rate 18.72 19.56 20.76 32.79
Net Profit Margin 3.59 7.43 8.08 7.66
Normalized EBIT 300.02 404.97 391.43 419.61
Normalized EBITDA 394.01 500.93 481.09 504.02
Current Tax - Domestic 31.09 50.16 48.13 117.68
Current Tax - Foreign 11.11 16.74 17.36 14.12
Current Tax - Local 6.33 10.55 9.44 11.37
Current Tax - Total 48.52 77.45 74.93 143.16
Deferred Tax - Domestic -18.45 -10.78 -0.76 -15.19
Deferred Tax - Foreign -1.06 -0.64 -0.40 -0.08
Deferred Tax - Local -3.74 -1.88 0.14 0.34
Deferred Tax - Total -23.25 -13.30 -1.02 -14.94
Income Tax - Total 25.27 64.15 73.91 128.22
Interest Cost - Domestic 2.17 2.43 2.29 --
Service Cost - Domestic 0.03 0.02 0.03 --
Expected Return on Assets - Domestic -3.22 -2.61 -2.93 --
Actuarial Gains and Losses - Domestic 0.51 0.80 0.71 --
Domestic Pension Plan Expense -0.51 0.64 0.09 --
Interest Cost - Post-Retirement 0.09 0.12 0.12 --
Service Cost - Post-Retirement -- -- -- --
Actuarial Gains and Losses - Post-Retirement -0.35 -0.40 -0.29 --
Curtailments & Settlements - Post-Retirement -- -- -- --
Post-Retirement Plan Expense -0.25 -0.27 -0.17 --
Defined Contribution Expense - Domestic 7.70 8.00 8.00 --
Total Pension Expense 6.94 8.36 7.93 --
Discount Rate - Domestic 3.25 4.00 3.50 --
Discount Rate - Post-Retirement 3.00 4.00 3.25 --
Expected Rate of Return - Domestic 6.00 5.50 6.25 --
Total Plan Interest Cost 2.27 2.56 2.41 --
Total Plan Service Cost 0.03 0.02 0.03 --
Total Plan Expected Return -3.22 -2.61 -2.93 --
Retail Sales 2,028.25 2,313.64 2,281.58 2,190.75

In millions of USD (except for per share items)

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