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Fundamentals - Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Jan 2017 (Update) Year Ending Jan 2016 (Update)
Net Sales 3,618.77 3,432.87 2,787.98 2,472.63 2,216.53
Revenue 3,618.77 3,432.87 2,787.98 2,472.63 2,216.53
Total Revenue 3,618.77 3,432.87 2,787.98 2,472.63 2,216.53
Cost of Revenue 2,216.28 2,130.19 1,921.99 1,704.94 1,533.40
Cost of Revenue, Total 2,216.28 2,130.19 1,921.99 1,704.94 1,533.40
Gross Profit 1,402.50 1,302.68 865.99 767.69 683.13
Selling/General/Administrative Expense 382.29 372.46 344.76 313.65 277.69
Advertising Expense 390.80 358.53 -- -- --
Selling/General/Administrative Expenses, Total 773.09 730.99 344.76 313.65 277.69
Total Operating Expense 2,989.37 2,861.18 2,266.75 2,018.59 1,811.09
Operating Income 629.41 571.69 521.23 454.04 405.44
Interest Expense - Non-Operating -150.82 -146.35 -122.54 -110.07 -99.54
Interest Expense, Net Non-Operating -150.82 -146.35 -122.54 -110.07 -99.54
Interest Income, Non-Operating 4.05 3.33 1.46 0.69 0.31
Interest/Investment Income, Non-Operating 4.05 3.33 1.46 0.69 0.31
Interest Income (Expense), Net-Non-Operating, Total -146.77 -143.01 -121.08 -109.38 -99.22
Other Non-Operating Income (Expense) -- -- -- -- --
Other, Net -- -- -- -- --
Net Income Before Taxes 482.64 428.68 400.15 344.66 306.22
Income Tax – Total 81.93 66.71 122.25 129.98 113.43
Income After Tax 400.71 361.97 277.91 214.68 192.79
Net Income Before Extraordinary Items 400.71 361.97 277.91 214.68 192.79
Net Income 400.71 361.97 277.91 214.68 192.79
Income Available to Common Excluding Extraordinary Items 400.71 361.97 277.91 214.68 192.79
Income Available to Common Stocks Including Extraordinary Items 400.71 361.97 277.91 214.68 192.79
Basic Weighted Average Shares 40.77 41.86 45.95 48.65 53.83
Basic EPS Excluding Extraordinary Items 9.83 8.65 6.05 4.41 3.58
Basic EPS Including Extraordinary Items 9.83 8.65 6.05 4.41 3.58
Dilution Adjustment -- -- -- -- --
Diluted Net Income 400.71 361.97 277.91 214.68 192.79
Diluted Weighted Average Shares 41.92 43.33 47.68 49.92 55.53
Diluted EPS Excluding Extraordinary Items 9.56 8.35 5.83 4.30 3.47
Diluted EPS Including Extraordinary Items 9.56 8.35 5.83 4.30 3.47
DPS - Common Stock Primary Issue 2.60 2.20 1.84 1.52 1.24
Gross Dividends - Common Stock 105.60 92.20 84.20 74.00 66.50
(Gain) Loss on Sale of Assets, Supplemental 2.02 -4.74 3.15 0.86 0.32
Other Unusual Expense (Income), Supplemental 0.51 0.53 0.62 -- --
Non-Recurring Items, Total 2.53 -4.21 3.77 0.86 0.32
Total Special Items 2.53 -4.21 3.77 0.86 0.32
Normalized Income Before Taxes 485.17 424.47 403.92 345.52 306.53
Effect of Special Items on Income Taxes 0.43 -0.65 1.15 0.33 0.12
Income Taxes Excluding Impact of Special Items 82.36 66.05 123.40 130.31 113.54
Normalized Income After Taxes 402.81 358.42 280.52 215.22 192.99
Normalized Income Available to Common 402.81 358.42 280.52 215.22 192.99
Basic Normalized EPS 9.88 8.56 6.10 4.42 3.59
Diluted Normalized EPS 9.61 8.27 5.88 4.31 3.48
Amortization of Intangibles, Supplemental 22.80 18.70 14.80 -- --
Depreciation, Supplemental 37.10 35.00 29.60 38.14 32.43
Interest Expense, Supplemental 152.77 146.35 122.54 110.07 99.54
Rental Expense, Supplemental 69.70 62.50 57.90 49.90 46.10
Stock-Based Compensation, Supplemental 20.27 22.79 20.71 18.56 17.62
Advertising Expense, Supplemental 390.80 358.53 39.80 34.50 32.00
Audit-Related Fees, Supplemental -- 1.43 1.51 1.63 1.47
Audit-Related Fees -- 0.19 0.19 0.10 0.09
Tax Fees, Supplemental -- -- -- 0.00 --
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 38.76 37.95 31.06 31.05 30.82
Operating Margin 17.39 16.65 18.70 18.36 18.29
Pretax Margin 13.34 12.49 14.35 13.94 13.82
Effective Tax Rate 16.98 15.56 30.55 37.71 37.04
Net Profit Margin 11.07 10.54 9.97 8.68 8.70
Normalized EBIT 631.94 567.48 525.00 454.91 405.76
Normalized EBITDA 691.84 621.18 569.40 493.05 438.19
Current Tax - Domestic 49.54 33.56 81.75 100.67 84.07
Current Tax - Local 15.34 12.65 14.13 15.09 11.89
Current Tax - Total 64.87 46.21 95.88 115.76 95.96
Deferred Tax - Domestic -2.86 -1.54 6.73 -3.10 0.86
Deferred Tax - Local -0.44 0.67 -0.57 0.04 0.85
Deferred Tax - Total -3.30 -0.87 6.16 -3.06 1.71
Other Tax 20.35 21.37 20.21 17.28 15.75
Income Tax - Total 81.93 66.71 122.25 129.98 113.43
Defined Contribution Expense - Domestic 21.60 14.60 12.20 10.40 9.20
Total Pension Expense 21.60 14.60 12.20 10.40 9.20

In millions of USD (except for per share items)

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