Investor Relations

Income Statement

Income Statement

  Year Ending Dec 2021 Year Ending Dec 2020 Year Ending Dec 2019 Year Ending Dec 2018 Year Ending Dec 2017
Net Sales 1.86M 1.59M 1.79M 1.81M 1.68M
Revenue 1.86M 1.59M 1.79M 1.81M 1.68M
Total Revenue 1.86M 1.59M 1.79M 1.81M 1.68M
Cost of Revenue 1.41M 1.19M 1.35M 1.35M 1.21M
Cost of Revenue, Total 1.41M 1.19M 1.35M 1.35M 1.21M
Gross Profit 446.50 405.40 440.60 461.40 467.20
Selling/General/Administrative Expense 170.70 162.60 173.60 165.60 170.30
Labor & Related Expense 4.90 4.60 4.80 4.20 4.10
Selling/General/Administrative Expenses, Total 175.60 167.20 178.40 169.80 174.40
Research & Development 19.50 19.90 20.30 22.70 23.70
Amortization of Intangibles, Operating 10.60 9.30 9.10 8.80 8.00
Depreciation/Amortization 10.60 9.30 9.10 8.80 8.00
Restructuring Charge 0.40 0.50 5.70 1.80 9.70
Litigation -- 10.40 10.90
Impairment-Assets Held for Use 0.70 7.10 7.50 0.70 5.30
Other Unusual Expense (Income) 4.00 3.10 -- 1.70 7.30
Unusual Expense (Income) 5.10 21.10 24.10 4.20 22.30
Total Operating Expense 1.62M 1.41M 1.58M 1.55M 1.44M
Operating Income 235.70 187.90 208.70 255.90 238.80
Interest Expense - Non-Operating -43.60 -41.30 -46.60 -49.10 -45.40
Interest Capitalized - Non-Operating 1.50 0.60 0.60 0.50 0.20
Interest Expense, Net Non-Operating -42.10 -40.70 -46.00 -48.60 -45.20
Interest Income, Non-Operating
Investment Income, Non-Operating
Interest/Investment Income, Non-Operating
Interest Income (Expense), Net Non-Operating 4.90 2.50 2.80 2.70 1.80
Interest Income (Expense), Net-Non-Operating, Total -37.20 -38.20 -43.20 -45.90 -43.40
Other Non-Operating Income (Expense) 3.80 -11.70 -8.20 -5.90 -4.50
Other, Net 3.80 -11.70 -8.20 -5.90 -4.50
Net Income Before Taxes 202.30 138.00 157.30 204.10 190.90
Income Tax – Total 36.60 24.40 22.80 38.80 40.40
Income After Tax 165.70 113.60 134.50 165.30 150.50
Minority Interest -4.10 -3.40 -3.70 -4.20 -3.90
Equity In Affiliates 2.80 2.20 1.90 3.50 1.50
Net Income Before Extraordinary Items 164.40 112.40 132.70 164.60 148.10
Discontinued Operations
Extraordinary Item 4.40 47.00
Tax on Extraordinary Items
Total Extraordinary Items 4.40 47.00
Net Income 164.40 112.40 132.70 169.00 195.10
Income Available to Common Excluding Extraordinary Items 164.40 112.40 132.70 164.60 148.10
Income Available to Common Stocks Including Extraordinary Items 164.40 112.40 132.70 169.00 195.10
Basic Weighted Average Shares 33.60 34.20 35.00 35.30 35.20
Basic EPS Excluding Extraordinary Items 4.89 3.29 3.79 4.66 4.21
Basic EPS Including Extraordinary Items 4.89 3.29 3.79 4.79 5.54
Dilution Adjustment
Diluted Net Income 164.40 112.40 132.70 169.00 195.10
Diluted Weighted Average Shares 33.80 34.20 35.10 35.60 35.60
Diluted EPS Excluding Extraordinary Items 4.86 3.29 3.78 4.62 4.16
Diluted EPS Including Extraordinary Items 4.86 3.29 3.78 4.75 5.48
DPS - Common Stock Primary Issue 0.20 0.20 0.20 0.20 0.20
Gross Dividends - Common Stock 7.00 6.80 7.00 7.10 7.00
Total Special Items 5.10 21.10 24.10 4.20 22.30
Normalized Income Before Taxes 207.40 159.10 181.40 208.30 213.20
Effect of Special Items on Income Taxes 0.92 3.73 3.49 0.80 4.72
Income Taxes Excluding Impact of Special Items 37.52 28.13 26.29 39.60 45.12
Normalized Income After Taxes 169.88 130.97 155.11 168.70 168.08
Normalized Income Available to Common 168.58 129.77 153.31 168.00 165.68
Basic Normalized EPS 5.02 3.79 4.38 4.76 4.71
Diluted Normalized EPS 4.99 3.79 4.37 4.72 4.65
Amortization of Intangibles, Supplemental 10.60 9.30 9.10 8.80 8.00
Depreciation, Supplemental 84.00 84.60 89.30 85.50 83.00
Interest Expense, Supplemental 42.10 40.70 46.00 48.60 45.20
Interest Capitalized, Supplemental -1.50 -0.60 -0.60 -0.50 -0.20
Rental Expense, Supplemental 15.20 15.20 16.60 19.50 19.30
Stock-Based Compensation, Supplemental 10.70 10.20 8.10 6.20 8.10
Equity in Affiliates, Supplemental 2.80 2.20 1.90 3.50 1.50
Minority Interest, Supplemental -4.10 -3.40 -3.70 -4.20 -3.90
Research & Development Expense, Supplemental 19.50 19.90 20.30 22.70 23.70
Audit-Related Fees, Supplemental 3.08 3.21 3.29 3.28
Audit-Related Fees 0.09 0.09 0.08 0.08
Tax Fees, Supplemental 0.04 0.09 0.10 0.10
All Other Fees Paid to Auditor, Supplemental 0.01 0.01 0.01 0.01
Gross Margin 24.03 25.42 24.60 25.53 27.88
Operating Margin 12.68 11.78 11.65 14.16 14.25
Pretax Margin 10.89 8.65 8.78 11.29 11.39
Effective Tax Rate 18.09 17.68 14.49 19.01 21.16
Net Profit Margin 8.85 7.05 7.41 9.11 8.84
Normalized EBIT 240.80 209.00 232.80 260.10 261.10
Normalized EBITDA 335.40 302.90 331.20 354.40 352.10
Current Tax - Domestic -5.30 -7.10 -3.30 0.70 11.00
Current Tax - Foreign 7.80 2.20 -6.60 11.10 -78.10
Current Tax - Local 0.40 0.20 0.80 1.40 2.40
Current Tax - Total 2.90 -4.70 -9.10 13.20 -64.70
Deferred Tax - Domestic 33.40 34.00 26.70 21.30 103.10
Deferred Tax - Foreign 0.30 -4.90 5.20 4.30 2.00
Deferred Tax - Total 33.70 29.10 31.90 25.60 105.10
Other Tax
Income Tax - Total 36.60 24.40 22.80 38.80 40.40
Interest Cost - Domestic 7.90 10.50 14.00 13.00 12.60
Service Cost - Domestic 7.70 7.70 6.80 8.10 7.90
Prior Service Cost - Domestic -- -- -- -- --
Expected Return on Assets - Domestic -22.00 -20.10 -18.20 -20.20 -18.70
Actuarial Gains and Losses - Domestic 12.10 13.90 10.10 10.70 10.80
Curtailments & Settlements - Domestic 3.40 6.40 -0.10
Domestic Pension Plan Expense 9.10 18.40 12.60 11.60 12.60
Interest Cost - Post-Retirement 0.10 0.20 0.20 0.20 0.30
Service Cost - Post-Retirement 0.10 0.20 0.20 0.20 0.30
Prior Service Cost - Post-Retirement -- -- -- -0.90 -3.10
Expected Return on Assets - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -0.80 -0.90 -0.90 -0.80 -0.30
Transition Costs - Post-Retirement -1.60 -- --
Post-Retirement Plan Expense -2.20 -0.50 -0.50 -1.30 -2.80
Defined Contribution Expense - Domestic
Total Pension Expense 6.90 17.90 12.10 10.30 9.80
Discount Rate - Domestic 3.75 3.16 3.56
Discount Rate - Post-Retirement
Expected Rate of Return - Domestic 6.43 6.40 6.61
Expected Rate of Return - Post-Retirement
Compensation Rate - Domestic 3.01 3.01 3.01
Compensation Rate - Post-Retirement
Total Plan Interest Cost 8.00 10.70 14.20 13.20 12.90
Total Plan Service Cost 7.80 7.90 7.00 8.30 8.20
Total Plan Expected Return -22.00 -20.10 -18.20 -20.20 -18.70

For a more complete picture of our financial results, please review our SEC Filings

Copyright Refinitiv