Annual Income Statement

  Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update) Year Ending Dec 2012 (Reclassified)
Net Sales 1.64M 1.80M 1.73M 1.02M 996.76
Revenue 1.64M 1.80M 1.73M 1.02M 996.76
Total Revenue 1.64M 1.80M 1.73M 1.02M 996.76
Cost of Revenue 1.18M 1.33M 1.29M 784.54 774.47
Cost of Revenue, Total 1.18M 1.33M 1.29M 784.54 774.47
Gross Profit 460.40 471.00 435.40 233.65 222.30
Selling/General/Administrative Expense 167.70 170.40 177.40 89.23 88.49
Labor & Related Expense 3.50 4.00
Selling/General/Administrative Expenses, Total 171.20 174.40 177.40 89.23 88.49
Research & Development 23.80 23.60 24.40 20.05 20.17
Amortization of Intangibles, Operating 8.20 15.70 4.80
Depreciation/Amortization 8.20 15.70 4.80
Restructuring Charge -2.90 -- 43.20 -- --
Litigation -- -- -2.30 -2.49 --
Impairment-Assets Held for Use 18.50 34.20
Other Unusual Expense (Income) 20.70 27.30 24.90
Unusual Expense (Income) 36.30 61.50 65.80 -2.49 --
Total Operating Expense 1.42M 1.60M 1.56M 891.33 883.12
Operating Income 220.90 195.80 163.00 126.85 113.64
Interest Expense - Non-Operating -56.50 -62.60 -45.20 -3.36 -3.52
Interest Capitalized - Non-Operating 0.10 0.50 0.60 0.10 0.30
Interest Expense, Net Non-Operating -56.40 -62.10 -44.60 -3.26 -3.22
Interest Income, Non-Operating 1.70 2.80 3.02 3.17
Investment Income, Non-Operating -2.11 -1.35
Interest/Investment Income, Non-Operating 1.70 2.80 0.91 1.82
Interest Income (Expense), Net Non-Operating 2.00 -0.50
Interest Income (Expense), Net-Non-Operating, Total -54.40 -60.90 -41.80 -2.36 -1.40
Other Non-Operating Income (Expense) 3.80 -2.30 1.80 -0.79 -1.59
Other, Net 3.80 -2.30 1.80 -0.79 -1.59
Net Income Before Taxes 170.30 132.60 123.00 123.71 110.65
Income Tax – Total 35.30 22.80 30.80 34.52 31.93
Income After Tax 135.00 109.80 92.20 89.20 78.72
Minority Interest -3.70 -3.70 -3.10 -3.12 -2.12
Equity In Affiliates 2.10 1.80 1.20
Net Income Before Extraordinary Items 133.40 107.90 90.30 86.07 76.60
Discontinued Operations -- -- 1.50 -8.44 -3.55
Tax on Extraordinary Items -- -- 0.60 2.70 1.10
Total Extraordinary Items -- -- 2.10 -5.74 -2.45
Net Income 133.40 107.90 92.40 80.33 74.15
Income Available to Common Excluding Extraordinary Items 133.40 107.90 90.30 86.07 76.60
Income Available to Common Stocks Including Extraordinary Items 133.40 107.90 92.40 80.33 74.15
Basic Weighted Average Shares 34.90 34.70 34.50 34.69 35.34
Basic EPS Excluding Extraordinary Items 3.82 3.11 2.62 2.48 2.17
Basic EPS Including Extraordinary Items 3.82 3.11 2.68 2.32 2.10
Dilution Adjustment -- --
Diluted Net Income 133.40 107.90 92.40 80.33 74.15
Diluted Weighted Average Shares 35.20 35.00 34.80 34.98 35.53
Diluted EPS Excluding Extraordinary Items 3.79 3.08 2.59 2.46 2.16
Diluted EPS Including Extraordinary Items 3.79 3.08 2.66 2.30 2.09
DPS - Common Stock Primary Issue 0.20 0.20 0.20 0.20 0.13
Gross Dividends - Common Stock 7.00 7.00 6.90 6.90 4.41
Stock-Based Compensation, Supplemental 6.30 11.20 5.90 5.25 5.48
Interest Expense, Supplemental 56.40 62.10 44.60 3.26 3.22
Interest Capitalized, Supplemental -0.10 -0.50 -0.60 -0.10 -0.30
Depreciation, Supplemental 83.70 82.60 79.60 46.69 50.52
(Gain) Loss on Sale of Assets, Supplemental
Other Unusual Expense (Income), Supplemental
Non-Recurring Items, Total
Total Special Items 36.30 61.50 65.80 -2.49 --
Normalized Income Before Taxes 206.60 194.10 188.80 121.22 110.65
Effect of Special Items on Income Taxes 7.52 10.57 16.48 -0.69 --
Income Taxes Excluding Impact of Special Items 42.82 33.37 47.28 33.82 31.93
Normalized Income After Taxes 163.78 160.73 141.52 87.40 78.72
Normalized Income Available to Common 162.18 158.83 139.62 84.28 76.60
Basic Normalized EPS 4.65 4.58 4.05 2.43 2.17
Diluted Normalized EPS 4.61 4.54 4.01 2.41 2.16
Amortization of Intangibles, Supplemental 8.20 15.70 4.80 0.60 0.60
Rental Expense, Supplemental 16.20 19.50 19.80 4.50 5.00
Equity in Affiliates, Supplemental 2.10 1.80 1.20
Minority Interest, Supplemental -3.70 -3.70 -3.10 -3.12 -2.12
Research & Development Expense, Supplemental 23.80 23.60 24.40 20.05 20.17
Audit-Related Fees, Supplemental 3.32 3.12 3.21 1.57 1.64
Audit-Related Fees 0.09 0.09 0.09 0.07 0.08
Tax Fees, Supplemental 0.02 0.11 0.34 0.02 0.11
All Other Fees Paid to Auditor, Supplemental 0.01 0.00 0.29 0.00 0.01
Gross Margin 28.11 26.20 25.24 22.95 22.30
Operating Margin 13.49 10.89 9.45 12.46 11.40
Pretax Margin 10.40 7.38 7.13 12.15 11.10
Effective Tax Rate 20.73 17.19 25.04 27.90 28.85
Net Profit Margin 8.14 6.00 5.23 8.45 7.68
Normalized EBIT 257.20 257.30 228.80 124.36 113.64
Normalized EBITDA 349.10 355.60 313.20 171.65 164.76
Current Tax - Domestic 18.70 1.40 28.10 13.70 14.90
Current Tax - Foreign -8.80 -3.20 -15.10 2.50 3.20
Current Tax - Local 4.40 1.20 3.40 2.60 1.30
Current Tax - Total 14.30 -0.60 16.40 18.80 19.40
Deferred Tax - Domestic 23.20 22.70 20.30 13.80 14.30
Deferred Tax - Foreign -2.20 0.70 -5.90 1.90 -1.80
Deferred Tax - Total 21.00 23.40 14.40 15.70 12.50
Other Tax 0.02 0.03
Income Tax - Total 35.30 22.80 30.80 34.52 31.93
Interest Cost - Domestic 13.00 15.40 14.90 11.30 11.60
Service Cost - Domestic 8.20 10.30 8.90 8.40 8.10
Prior Service Cost - Domestic 0.60 0.80 1.00 1.00 1.20
Expected Return on Assets - Domestic -18.60 -19.70 -19.40 -14.80 -13.50
Actuarial Gains and Losses - Domestic 10.70 12.10 7.40 13.90 13.30
Curtailments & Settlements - Domestic -- -- 0.20
Domestic Pension Plan Expense 13.90 18.90 12.80 19.80 20.90
Interest Cost - Post-Retirement 0.30 0.30 0.40 0.30 0.40
Service Cost - Post-Retirement 0.30 0.40 0.40 0.60 0.60
Prior Service Cost - Post-Retirement -3.10 -3.10 -3.10 -3.10 -3.10
Expected Return on Assets - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -0.20 -0.10 -0.20 -- -0.10
Transition Costs - Post-Retirement -- -- --
Post-Retirement Plan Expense -2.70 -2.50 -2.50 -2.20 -2.20
Defined Contribution Expense - Domestic 6.30 2.90 2.80 2.80
Total Pension Expense 11.20 22.70 13.20 20.40 21.50
Discount Rate - Domestic 3.71 4.39 3.80 4.32
Discount Rate - Post-Retirement 4.39 3.80 4.32
Expected Rate of Return - Domestic 6.89 7.34 7.18 7.06
Expected Rate of Return - Post-Retirement 7.34 7.18 7.06
Compensation Rate - Domestic 3.04 3.08 3.16 3.11
Compensation Rate - Post-Retirement 3.08 3.16 3.11
Total Plan Interest Cost 13.30 15.70 15.30 11.60 12.00
Total Plan Service Cost 8.50 10.70 9.30 9.00 8.70
Total Plan Expected Return -18.60 -19.70 -19.40 -14.80 -13.50
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