Income Statement

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  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update)
Net Sales 19.52M 19.04M 18.11M 21.53M 27.35M
Revenue 19.52M 19.04M 18.11M 21.53M 27.35M
Total Revenue 19.52M 19.04M 18.11M 21.53M 27.35M
Cost of Revenue 18.90M 18.25M 17.02M 20.13M 25.99M
Cost of Revenue, Total 18.90M 18.25M 17.02M 20.13M 25.99M
Gross Profit 618.49 790.32 1.09M 1.40M 1.37M
Selling/General/Administrative Expense 197.60 188.19 163.14 179.39 175.15
Selling/General/Administrative Expenses, Total 197.60 188.19 163.14 179.39 175.15
Interest Expense - Operating 67.64 69.69 44.77 29.68 26.89
Interest Expense, Net - Operating 67.64 69.69 44.77 29.68 26.89
Interest Income - Operating -27.78 -17.05 -16.69 -18.27 -14.44
Investment Income - Operating -5.42 2.89 5.19 3.32
Interest/Investment Income - Operating -33.19 -14.16 -11.50 -14.95 -14.44
Interest Expense (Income), Net-Operating, Total 34.45 55.53 33.27 14.74 12.44
Loss (Gain) on Sale of Assets - Operating -- -- -68.16
Other Unusual Expense (Income) -- -- 239.90
Unusual Expense (Income) -- -- 171.73
Total Operating Expense 19.13M 18.49M 17.39M 20.33M 26.17M
Operating Income 386.44 546.60 726.55 1.20M 1.18M
Net Income Before Taxes 386.44 546.60 726.55 1.20M 1.18M
Income Tax – Total 45.97 219.15 245.89 352.82 354.57
Income After Tax 340.47 327.45 480.66 852.09 823.03
Minority Interest -73.09 -46.05 -62.49 -136.63 -155.32
Net Income Before Extraordinary Items 267.38 281.40 418.17 715.46 667.71
Discontinued Operations -- -- -5.66 -204.55
Extraordinary Item -76.00
Total Extraordinary Items -76.00 -- -5.66 -204.55
Net Income 191.38 281.40 412.51 510.91 667.71
Miscellaneous Earnings Adjustment
Total Adjustments to Net Income
Income Available to Common Excluding Extraordinary Items 267.38 281.40 418.17 715.46 667.71
Income Available to Common Stocks Including Extraordinary Items 191.38 281.40 412.51 510.91 667.71
Basic Weighted Average Shares 139.76 139.17 144.81 157.49 162.57
Basic EPS Excluding Extraordinary Items 1.91 2.02 2.89 4.54 4.11
Basic EPS Including Extraordinary Items 1.37 2.02 2.85 3.24 4.11
Dilution Adjustment --
Diluted Net Income 191.38 281.40 412.51 510.91 667.71
Diluted Weighted Average Shares 140.89 140.91 146.72 159.62 164.35
Diluted EPS Excluding Extraordinary Items 1.90 2.00 2.85 4.48 4.06
Diluted EPS Including Extraordinary Items 1.36 2.00 2.81 3.20 4.06
DPS - Common Stock Primary Issue 0.84 0.84 0.84 0.84 0.64
Gross Dividends - Common Stock 118.60 118.27 122.61 132.61 86.67
(Gain) Loss on Sale of Assets, Supplemental
Other Unusual Expense (Income), Supplemental
Non-Recurring Items, Total
Total Special Items -- -- 171.73
Normalized Income Before Taxes 386.44 546.60 898.29 1.20M 1.18M
Effect of Special Items on Income Taxes -- -- 58.12
Income Taxes Excluding Impact of Special Items 45.97 219.15 304.01 352.82 354.57
Normalized Income After Taxes 340.47 327.45 594.28 852.09 823.03
Normalized Income Available to Common 267.38 281.40 531.78 715.46 667.71
Basic Normalized EPS 1.91 2.02 3.67 4.54 4.11
Diluted Normalized EPS 1.90 2.00 3.62 4.48 4.06
Amortization of Intangibles, Supplemental 19.16 14.82 1.04 0.89 0.77
Depreciation, Supplemental 206.11 211.10 188.70 191.70 206.33
Interest Expense, Supplemental 67.64 69.69 44.77 29.68 26.89
Rental Expense, Supplemental 144.00 152.00 169.00 218.00
Stock-Based Compensation, Supplemental 52.62 29.32 -6.85 14.76 56.21
Minority Interest, Supplemental -73.09 -46.05 -62.49 -136.63 -155.32
Audit-Related Fees, Supplemental 8.90 8.30 8.20 8.00 7.30
Audit-Related Fees 0.60 0.70 0.90 0.60 1.00
Tax Fees, Supplemental 0.20 0.50 0.70 0.20 0.30
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin 3.17 4.15 6.04 6.50 4.99
Operating Margin 1.98 2.87 4.01 5.60 4.31
Pretax Margin 1.98 2.87 4.01 5.60 4.31
Effective Tax Rate 11.90 40.09 33.84 29.28 30.11
Net Profit Margin 1.37 1.48 2.31 3.32 2.44
Normalized EBIT 420.89 602.13 931.56 1.22M 1.19M
Normalized EBITDA 646.16 828.04 1.12M 1.41M 1.40M
Current Tax - Domestic -119.88 120.80 22.47 126.49 200.61
Current Tax - Foreign 145.06 95.20 203.13 151.24 168.89
Current Tax - Local -3.50 11.07 15.62 13.00 14.78
Current Tax - Total 21.69 227.06 241.21 290.73 384.28
Deferred Tax - Domestic -60.28 58.60 8.87 74.04 -29.87
Deferred Tax - Foreign 75.69 -65.66 -5.63 -10.35 2.05
Deferred Tax - Local 8.88 -0.86 1.44 -1.60 -1.89
Deferred Tax - Total 24.29 -7.91 4.68 62.08 -29.71
Income Tax - Total 45.97 219.15 245.89 352.82 354.57
Interest Cost - Domestic -- -- 16.12 31.68 29.10
Service Cost - Domestic -- -- 6.80 3.80 6.45
Prior Service Cost - Domestic -- -- 0.87 0.75 0.10
Expected Return on Assets - Domestic -- -- -19.71 -30.11 -30.98
Actuarial Gains and Losses - Domestic -- -- 9.71 4.44 6.04
Curtailments & Settlements - Domestic -- -0.31
Domestic Pension Plan Expense -- -- 13.79 10.56 10.41
Interest Cost - Foreign 22.53 26.44 26.51 34.54 32.18
Service Cost - Foreign 18.78 19.51 20.52 16.22 15.39
Prior Service Cost - Foreign -0.83 -0.81 -0.81 -- --
Expected Return on Assets - Foreign -40.27 -39.54 -49.07 -48.08 -46.42
Actuarial Gains and Losses - Foreign 7.89 8.82 7.68 7.74 6.79
Curtailments & Settlements - Foreign 8.28 0.40 -- -- --
Foreign Pension Plan Expense 16.37 14.81 4.83 10.41 7.93
Interest Cost - Post-Retirement 0.39 0.35
Service Cost - Post-Retirement -- --
Prior Service Cost - Post-Retirement -- --
Expected Return on Assets - Post-Retirement -- --
Actuarial Gains and Losses - Post-Retirement 0.04 0.15 0.34
Other Post-Retirement, Net
Post-Retirement Plan Expense 0.04 0.54 0.69
Defined Contribution Expense - Domestic 150.00 151.00
Total Pension Expense 16.37 14.81 18.66 171.51 170.04
Discount Rate - Domestic 1.90 1.90 2.20 4.95 4.05
Discount Rate - Foreign 3.55 3.60
Expected Rate of Return - Domestic 1.90 4.30 4.90 4.55 4.25
Expected Rate of Return - Foreign 7.00 7.00 8.00 5.00 5.00
Compensation Rate - Domestic 2.25 2.25 2.25 --
Compensation Rate - Foreign 7.00 7.00 7.00 2.25 2.25
Total Plan Interest Cost 22.53 26.44 42.63 66.60 61.63
Total Plan Service Cost 18.78 19.51 27.32 20.02 21.84
Total Plan Expected Return -40.27 -39.54 -68.78 -78.18 -77.40
Total Plan Other Expense

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