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Income Statement
| Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Restated) | Year Ending Dec 2017 (Restated) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | |
|---|---|---|---|---|---|
| Net Sales | 14,348.02 | 15,172.45 | 14,806.51 | 19,036.53 | 18,114.05 |
| Revenue | 14,348.02 | 15,172.45 | 14,806.51 | 19,036.53 | 18,114.05 |
| Total Revenue | 14,348.02 | 15,172.45 | 14,806.51 | 19,036.53 | 18,114.05 |
| Cost of Revenue | 14,775.40 | 14,803.23 | 14,528.78 | 18,246.21 | 17,019.35 |
| Cost of Revenue, Total | 14,775.40 | 14,803.23 | 14,528.78 | 18,246.21 | 17,019.35 |
| Gross Profit | -427.38 | 369.22 | 277.73 | 790.32 | 1,094.70 |
| Selling/General/Administrative Expense | 159.09 | 118.43 | 183.70 | 188.19 | 163.14 |
| Selling/General/Administrative Expenses, Total | 159.09 | 118.43 | 183.70 | 188.19 | 163.14 |
| Interest Expense - Operating | 74.10 | 77.14 | 67.46 | 69.69 | 44.77 |
| Interest Expense, Net - Operating | 74.10 | 77.14 | 67.46 | 69.69 | 44.77 |
| Interest Income - Operating | -54.37 | -36.25 | -27.42 | -17.05 | -16.69 |
| Investment Income - Operating | -- | -- | -- | 2.89 | 5.19 |
| Interest/Investment Income - Operating | -54.37 | -36.25 | -27.42 | -14.16 | -11.50 |
| Interest Expense (Income), Net-Operating, Total | 19.73 | 40.89 | 40.04 | 55.53 | 33.27 |
| Restructuring Charge | 240.00 | -- | -- | -- | -- |
| Impairment-Assets Held for Use | 35.80 | -- | -- | -- | -- |
| Impairment-Assets Held for Sale | 256.80 | -- | -- | -- | -- |
| Loss (Gain) on Sale of Assets - Operating | -- | -- | -- | 0.00 | -68.16 |
| Other Unusual Expense (Income) | 137.90 | 21.90 | 0.18 | 0.00 | 239.90 |
| Unusual Expense (Income) | 670.50 | 21.90 | 0.18 | 0.00 | 171.73 |
| Total Operating Expense | 15,624.72 | 14,984.45 | 14,752.70 | 18,489.93 | 17,387.50 |
| Operating Income | -1,276.70 | 188.00 | 53.81 | 546.60 | 726.55 |
| Net Income Before Taxes | -1,276.70 | 188.00 | 53.81 | 546.60 | 726.55 |
| Income Tax – Total | 440.98 | 133.62 | -36.62 | 219.15 | 245.89 |
| Income After Tax | -1,717.68 | 54.38 | 90.43 | 327.45 | 480.66 |
| Minority Interest | 41.45 | -46.56 | -64.53 | -46.05 | -62.49 |
| Net Income Before Extraordinary Items | -1,676.23 | 7.82 | 25.90 | 281.40 | 418.17 |
| Discontinued Operations | 154.07 | 164.27 | 180.75 | 0.00 | -5.66 |
| Extraordinary Item | 0.00 | 1.37 | -52.98 | -- | -- |
| Total Extraordinary Items | 154.07 | 165.65 | 127.77 | 0.00 | -5.66 |
| Net Income | -1,522.16 | 173.47 | 153.67 | 281.40 | 412.51 |
| Income Available to Common Excluding Extraordinary Items | -1,676.23 | 7.82 | 25.90 | 281.40 | 418.17 |
| Income Available to Common Stocks Including Extraordinary Items | -1,522.16 | 173.47 | 153.67 | 281.40 | 412.51 |
| Basic Weighted Average Shares | 140.06 | 140.41 | 139.76 | 139.17 | 144.81 |
| Basic EPS Excluding Extraordinary Items | -11.97 | 0.06 | 0.19 | 2.02 | 2.89 |
| Basic EPS Including Extraordinary Items | -10.87 | 1.24 | 1.10 | 2.02 | 2.85 |
| Dilution Adjustment | -- | -- | -- | -- | -- |
| Diluted Net Income | -1,522.16 | 173.47 | 153.67 | 281.40 | 412.51 |
| Diluted Weighted Average Shares | 140.06 | 141.27 | 139.76 | 140.91 | 146.72 |
| Diluted EPS Excluding Extraordinary Items | -11.97 | 0.06 | 0.19 | 2.00 | 2.85 |
| Diluted EPS Including Extraordinary Items | -10.87 | 1.23 | 1.10 | 2.00 | 2.81 |
| DPS - Common Stock Primary Issue | 0.73 | 0.84 | 0.84 | 0.84 | 0.84 |
| Gross Dividends - Common Stock | 103.25 | 118.27 | 118.60 | 118.27 | 122.61 |
| (Gain) Loss on Sale of Assets, Supplemental | -- | -- | -- | -- | -- |
| Other Unusual Expense (Income), Supplemental | -- | -- | -- | -- | -- |
| Non-Recurring Items, Total | -- | -- | -- | -- | -- |
| Total Special Items | 670.50 | 21.90 | 0.18 | 0.00 | 171.73 |
| Normalized Income Before Taxes | -606.20 | 209.90 | 53.99 | 546.60 | 898.29 |
| Effect of Special Items on Income Taxes | 234.67 | 7.67 | 0.06 | 0.00 | 58.12 |
| Income Taxes Excluding Impact of Special Items | 675.66 | 141.29 | -36.56 | 219.15 | 304.01 |
| Normalized Income After Taxes | -1,281.86 | 68.61 | 90.55 | 327.45 | 594.28 |
| Normalized Income Available to Common | -1,240.41 | 22.06 | 26.02 | 281.40 | 531.78 |
| Basic Normalized EPS | -8.86 | 0.16 | 0.19 | 2.02 | 3.67 |
| Diluted Normalized EPS | -8.86 | 0.16 | 0.19 | 2.00 | 3.62 |
| Amortization of Intangibles, Supplemental | 15.88 | 19.07 | 19.16 | 14.82 | 1.04 |
| Depreciation, Supplemental | 154.60 | 197.59 | 206.11 | 211.10 | 188.70 |
| Interest Expense, Supplemental | 74.17 | 77.14 | 67.46 | 69.69 | 44.77 |
| Rental Expense, Supplemental | 85.73 | -- | -- | 152.00 | 169.00 |
| Stock-Based Compensation, Supplemental | 54.49 | -22.27 | 52.62 | 29.32 | -6.85 |
| Minority Interest, Supplemental | 41.45 | -46.56 | -64.53 | -46.05 | -62.49 |
| Audit-Related Fees, Supplemental | -- | -- | -- | 8.30 | 8.20 |
| Audit-Related Fees | -- | -- | -- | 0.70 | 0.90 |
| Tax Fees, Supplemental | -- | -- | -- | 0.50 | 0.70 |
| All Other Fees Paid to Auditor, Supplemental | -- | -- | -- | 0.00 | 0.00 |
| Gross Margin | -2.98 | 2.43 | 1.88 | 4.15 | 6.04 |
| Operating Margin | -8.90 | 1.24 | 0.36 | 2.87 | 4.01 |
| Pretax Margin | -8.90 | 1.24 | 0.36 | 2.87 | 4.01 |
| Effective Tax Rate | -- | 71.08 | -68.06 | 40.09 | 33.84 |
| Net Profit Margin | -11.68 | 0.05 | 0.17 | 1.48 | 2.31 |
| Normalized EBIT | -586.47 | 250.79 | 94.03 | 602.13 | 931.56 |
| Normalized EBITDA | -415.99 | 467.45 | 319.30 | 828.04 | 1,121.30 |
| Current Tax - Domestic | -36.59 | -70.05 | -180.71 | 120.80 | 22.47 |
| Current Tax - Foreign | 160.97 | 113.99 | 143.50 | 95.20 | 203.13 |
| Current Tax - Local | 4.30 | 8.78 | -5.74 | 11.07 | 15.62 |
| Current Tax - Total | 128.67 | 52.73 | -42.95 | 227.06 | 241.21 |
| Deferred Tax - Domestic | 288.90 | 31.30 | -76.00 | 58.60 | 8.87 |
| Deferred Tax - Foreign | 9.59 | 55.21 | 75.98 | -65.66 | -5.63 |
| Deferred Tax - Local | 13.82 | -5.61 | 6.34 | -0.86 | 1.44 |
| Deferred Tax - Total | 312.31 | 80.90 | 6.32 | -7.91 | 4.68 |
| Income Tax - Total | 440.98 | 133.62 | -36.62 | 219.15 | 245.89 |
| Interest Cost - Domestic | -- | -- | -- | 0.00 | 16.12 |
| Service Cost - Domestic | -- | -- | -- | 0.00 | 6.80 |
| Prior Service Cost - Domestic | -- | -- | -- | 0.00 | 0.87 |
| Expected Return on Assets - Domestic | -- | -- | -- | 0.00 | -19.71 |
| Actuarial Gains and Losses - Domestic | -- | -- | -- | 0.00 | 9.71 |
| Curtailments & Settlements - Domestic | -- | -- | -- | -- | -- |
| Domestic Pension Plan Expense | -- | -- | -- | 0.00 | 13.79 |
| Interest Cost - Foreign | 19.62 | -- | -- | 26.44 | 26.51 |
| Service Cost - Foreign | 15.75 | -- | -- | 19.51 | 20.52 |
| Prior Service Cost - Foreign | -0.89 | -- | -- | -0.81 | -0.81 |
| Expected Return on Assets - Foreign | -32.65 | -- | -- | -39.54 | -49.07 |
| Actuarial Gains and Losses - Foreign | 10.30 | -- | -- | 8.82 | 7.68 |
| Curtailments & Settlements - Foreign | 137.90 | -- | -- | 0.40 | 0.00 |
| Foreign Pension Plan Expense | 150.04 | -- | -- | 14.81 | 4.83 |
| Interest Cost - Post-Retirement | -- | -- | -- | -- | -- |
| Service Cost - Post-Retirement | -- | -- | -- | -- | -- |
| Prior Service Cost - Post-Retirement | -- | -- | -- | -- | -- |
| Expected Return on Assets - Post-Retirement | -- | -- | -- | -- | -- |
| Actuarial Gains and Losses - Post-Retirement | -- | -- | -- | -- | 0.04 |
| Other Post-Retirement, Net | -- | -- | -- | -- | -- |
| Post-Retirement Plan Expense | -- | -- | -- | -- | 0.04 |
| Defined Contribution Expense - Domestic | -- | -- | -- | -- | -- |
| Total Pension Expense | 150.04 | -- | -- | 14.81 | 18.66 |
| Discount Rate - Domestic | 1.80 | -- | -- | 1.90 | 2.20 |
| Discount Rate - Foreign | -- | -- | -- | -- | -- |
| Expected Rate of Return - Domestic | 1.80 | -- | -- | 4.30 | 4.90 |
| Expected Rate of Return - Foreign | 7.00 | -- | -- | 7.00 | 8.00 |
| Compensation Rate - Domestic | 2.25 | -- | -- | 2.25 | 2.25 |
| Compensation Rate - Foreign | 8.20 | -- | -- | 7.00 | 7.00 |
| Total Plan Interest Cost | 19.62 | -- | -- | 26.44 | 42.63 |
| Total Plan Service Cost | 15.75 | -- | -- | 19.51 | 27.32 |
| Total Plan Expected Return | -32.65 | -- | -- | -39.54 | -68.78 |
| Total Plan Other Expense | -- | -- | -- | -- | -- |
For a more complete picture of our financial results, please review our SEC Filings
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