Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 19,166.60 19,520.97 19,036.53 18,114.05 21,531.58
Revenue 19,166.60 19,520.97 19,036.53 18,114.05 21,531.58
Total Revenue 19,166.60 19,520.97 19,036.53 18,114.05 21,531.58
Cost of Revenue 18,496.68 18,902.48 18,246.21 17,019.35 20,132.54
Cost of Revenue, Total 18,496.68 18,902.48 18,246.21 17,019.35 20,132.54
Gross Profit 669.92 618.49 790.32 1,094.70 1,399.03
Selling/General/Administrative Expense 147.96 197.60 188.19 163.14 179.39
Selling/General/Administrative Expenses, Total 147.96 197.60 188.19 163.14 179.39
Interest Expense - Operating 77.18 67.64 69.69 44.77 29.68
Interest Expense, Net - Operating 77.18 67.64 69.69 44.77 29.68
Interest Income - Operating -36.97 -27.78 -17.05 -16.69 -18.27
Investment Income - Operating -- -5.42 2.89 5.19 3.32
Interest/Investment Income - Operating -36.97 -33.19 -14.16 -11.50 -14.95
Interest Expense (Income), Net-Operating, Total 40.21 34.45 55.53 33.27 14.74
Loss (Gain) on Sale of Assets - Operating -- 0.00 0.00 -68.16 --
Other Unusual Expense (Income) -- 0.00 0.00 239.90 --
Unusual Expense (Income) -- 0.00 0.00 171.73 --
Total Operating Expense 18,684.85 19,134.53 18,489.93 17,387.50 20,326.67
Operating Income 481.75 386.44 546.60 726.55 1,204.91
Net Income Before Taxes 481.75 386.44 546.60 726.55 1,204.91
Income Tax – Total 188.79 45.97 219.15 245.89 352.82
Income After Tax 292.96 340.47 327.45 480.66 852.09
Minority Interest -68.13 -73.09 -46.05 -62.49 -136.63
Net Income Before Extraordinary Items 224.83 267.38 281.40 418.17 715.46
Discontinued Operations -- 0.00 0.00 -5.66 -204.55
Extraordinary Item -- -76.00 -- -- --
Total Extraordinary Items -- -76.00 0.00 -5.66 -204.55
Net Income 224.83 191.38 281.40 412.51 510.91
Miscellaneous Earnings Adjustment -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items 224.83 267.38 281.40 418.17 715.46
Income Available to Common Stocks Including Extraordinary Items 224.83 191.38 281.40 412.51 510.91
Basic Weighted Average Shares 140.41 139.76 139.17 144.81 157.49
Basic EPS Excluding Extraordinary Items 1.60 1.91 2.02 2.89 4.54
Basic EPS Including Extraordinary Items 1.60 1.37 2.02 2.85 3.24
Dilution Adjustment -- -- -- -- --
Diluted Net Income 224.83 191.38 281.40 412.51 510.91
Diluted Weighted Average Shares 141.27 140.89 140.91 146.72 159.62
Diluted EPS Excluding Extraordinary Items 1.59 1.90 2.00 2.85 4.48
Diluted EPS Including Extraordinary Items 1.59 1.36 2.00 2.81 3.20
DPS - Common Stock Primary Issue 0.84 0.84 0.84 0.84 0.84
Gross Dividends - Common Stock 118.27 118.60 118.27 122.61 132.61
(Gain) Loss on Sale of Assets, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items -- 0.00 0.00 171.73 --
Normalized Income Before Taxes 481.75 386.44 546.60 898.29 1,204.91
Effect of Special Items on Income Taxes -- 0.00 0.00 58.12 --
Income Taxes Excluding Impact of Special Items 188.79 45.97 219.15 304.01 352.82
Normalized Income After Taxes 292.96 340.47 327.45 594.28 852.09
Normalized Income Available to Common 224.83 267.38 281.40 531.78 715.46
Basic Normalized EPS 1.60 1.91 2.02 3.67 4.54
Diluted Normalized EPS 1.59 1.90 2.00 3.62 4.48
Amortization of Intangibles, Supplemental 19.07 19.16 14.82 1.04 0.89
Depreciation, Supplemental 197.59 206.11 211.10 188.70 191.70
Interest Expense, Supplemental 77.18 67.64 69.69 44.77 29.68
Rental Expense, Supplemental 360.00 144.00 152.00 169.00 218.00
Stock-Based Compensation, Supplemental -22.27 52.62 29.32 -6.85 14.76
Minority Interest, Supplemental -68.13 -73.09 -46.05 -62.49 -136.63
Audit-Related Fees, Supplemental 9.90 8.90 8.30 8.20 8.00
Audit-Related Fees 0.40 0.60 0.70 0.90 0.60
Tax Fees, Supplemental 0.30 0.20 0.50 0.70 0.20
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00 0.00
Gross Margin 3.50 3.17 4.15 6.04 6.50
Operating Margin 2.51 1.98 2.87 4.01 5.60
Pretax Margin 2.51 1.98 2.87 4.01 5.60
Effective Tax Rate 39.19 11.90 40.09 33.84 29.28
Net Profit Margin 1.17 1.37 1.48 2.31 3.32
Normalized EBIT 521.97 420.89 602.13 931.56 1,219.64
Normalized EBITDA 738.62 646.16 828.04 1,121.30 1,412.24
Current Tax - Domestic -10.19 -119.88 120.80 22.47 126.49
Current Tax - Foreign 113.99 145.06 95.20 203.13 151.24
Current Tax - Local 14.40 -3.50 11.07 15.62 13.00
Current Tax - Total 118.20 21.69 227.06 241.21 290.73
Deferred Tax - Domestic 17.33 -60.28 58.60 8.87 74.04
Deferred Tax - Foreign 60.92 75.69 -65.66 -5.63 -10.35
Deferred Tax - Local -7.65 8.88 -0.86 1.44 -1.60
Deferred Tax - Total 70.59 24.29 -7.91 4.68 62.08
Income Tax - Total 188.79 45.97 219.15 245.89 352.82
Interest Cost - Domestic -- 0.00 0.00 16.12 31.68
Service Cost - Domestic -- 0.00 0.00 6.80 3.80
Prior Service Cost - Domestic -- 0.00 0.00 0.87 0.75
Expected Return on Assets - Domestic -- 0.00 0.00 -19.71 -30.11
Actuarial Gains and Losses - Domestic -- 0.00 0.00 9.71 4.44
Curtailments & Settlements - Domestic -- -- -- -- 0.00
Domestic Pension Plan Expense -- 0.00 0.00 13.79 10.56
Interest Cost - Foreign 21.82 22.53 26.44 26.51 34.54
Service Cost - Foreign 18.00 18.78 19.51 20.52 16.22
Prior Service Cost - Foreign -0.94 -0.83 -0.81 -0.81 0.00
Expected Return on Assets - Foreign -38.06 -40.27 -39.54 -49.07 -48.08
Actuarial Gains and Losses - Foreign 8.37 7.89 8.82 7.68 7.74
Curtailments & Settlements - Foreign 21.90 8.28 0.40 0.00 0.00
Foreign Pension Plan Expense 31.09 16.37 14.81 4.83 10.41
Interest Cost - Post-Retirement -- -- -- -- 0.39
Service Cost - Post-Retirement -- -- -- -- 0.00
Prior Service Cost - Post-Retirement -- -- -- -- 0.00
Expected Return on Assets - Post-Retirement -- -- -- -- 0.00
Actuarial Gains and Losses - Post-Retirement -- -- -- 0.04 0.15
Other Post-Retirement, Net -- -- -- -- --
Post-Retirement Plan Expense -- -- -- 0.04 0.54
Defined Contribution Expense - Domestic -- -- -- -- 150.00
Total Pension Expense 31.09 16.37 14.81 18.66 171.51
Discount Rate - Domestic 1.90 1.90 1.90 2.20 4.95
Discount Rate - Foreign -- -- -- -- 3.55
Expected Rate of Return - Domestic 1.90 1.90 4.30 4.90 4.55
Expected Rate of Return - Foreign 7.00 7.00 7.00 8.00 5.00
Compensation Rate - Domestic 2.25 2.25 2.25 2.25 --
Compensation Rate - Foreign 7.00 7.00 7.00 7.00 2.25
Total Plan Interest Cost 21.82 22.53 26.44 42.63 66.60
Total Plan Service Cost 18.00 18.78 19.51 27.32 20.02
Total Plan Expected Return -38.06 -40.27 -39.54 -68.78 -78.18
Total Plan Other Expense -- -- -- -- --

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