Financial Fundamentals - Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 1,196.81 1,149.53 1,130.78
Revenue 1,196.81 1,149.53 1,130.78
Total Revenue 1,196.81 1,149.53 1,130.78
Cost of Revenue 656.41 625.89 629.68
Cost of Revenue, Total 656.41 625.89 629.68
Gross Profit 540.40 523.64 501.10
Selling/General/Administrative Expense 297.80 306.14 315.27
Selling/General/Administrative Expenses, Total 297.80 306.14 315.27
Research & Development 50.06 46.85 48.63
Investment Income - Operating 5.13 0.77 --
Interest/Investment Income - Operating 5.13 0.77 --
Interest Expense (Income), Net-Operating, Total 5.13 0.77 --
Restructuring Charge 17.63 5.69 12.26
Impairment-Assets Held for Use 0.00 0.00 0.72
Other Unusual Expense (Income) 0.00 0.00 4.22
Unusual Expense (Income) 17.63 5.69 17.20
Other Operating Expense 126.43 -- --
Other Operating Expenses, Total 126.43 -- --
Total Operating Expense 1,153.46 985.34 1,010.78
Operating Income 43.35 164.19 120.00
Interest Expense - Non-Operating -15.36 -16.41 -10.85
Interest Expense, Net Non-Operating -15.36 -16.41 -10.85
Interest Income, Non-Operating 3.60 2.83 1.53
Investment Income, Non-Operating -- -- -2.20
Interest/Investment Income, Non-Operating 3.60 2.83 -0.68
Interest Income (Expense), Net-Non-Operating, Total -11.76 -13.58 -11.53
Gain (Loss) on Sale of Assets -0.56 0.59 1.72
Other Non-Operating Income (Expense) -1.25 0.71 0.84
Other, Net -1.25 0.71 0.84
Net Income Before Taxes 29.78 151.91 111.03
Income Tax – Total -16.98 57.80 44.41
Income After Tax 46.76 94.11 66.62
Minority Interest -0.93 -1.93 2.86
Net Income Before Extraordinary Items 45.83 92.18 69.48
Discontinued Operations 0.00 0.08 1.33
Extraordinary Item -19.80 -- --
Tax on Extraordinary Items 0.00 -0.33 --
Total Extraordinary Items -19.80 -0.25 1.33
Net Income 26.03 91.94 70.81
Preferred Dividends -0.10 -0.19 -0.23
Total Adjustments to Net Income -0.10 -0.19 -0.23
Income Available to Common Excluding Extraordinary Items 45.72 92.00 69.25
Income Available to Common Stocks Including Extraordinary Items 25.92 91.75 70.57
Basic Weighted Average Shares 38.00 37.46 37.29
Basic EPS Excluding Extraordinary Items 1.20 2.46 1.86
Basic EPS Including Extraordinary Items 0.68 2.45 1.89
Diluted Net Income 25.92 91.75 70.57
Diluted Weighted Average Shares 38.70 37.99 37.71
Diluted EPS Excluding Extraordinary Items 1.18 2.42 1.84
Diluted EPS Including Extraordinary Items 0.67 2.42 1.87
DPS - Common Stock Primary Issue 1.38 1.31 1.27
Gross Dividends - Common Stock 52.50 49.03 47.34
(Gain) Loss on Sale of Assets, Supplemental -- -- --
Impairment-Assets Held for Use, Supplemental -- -- --
Litigation Charge, Supplemental -- -- --
Other Unusual Expense (Income), Supplemental -- -- --
Non-Recurring Items, Total -- -- --
Total Special Items 18.19 5.10 15.48
Normalized Income Before Taxes 47.96 157.01 126.51
Effect of Special Items on Income Taxes 6.37 1.94 6.19
Income Taxes Excluding Impact of Special Items -10.61 59.74 50.60
Normalized Income After Taxes 58.58 97.27 75.91
Normalized Income Available to Common 57.55 95.16 78.54
Basic Normalized EPS 1.51 2.54 2.11
Diluted Normalized EPS 1.49 2.51 2.08
Amortization of Intangibles, Supplemental 9.43 7.89 4.81
Depreciation, Supplemental 28.44 27.39 26.87
Interest Expense, Supplemental 15.36 16.41 10.85
Rental Expense, Supplemental 13.70 12.60 10.80
Stock-Based Compensation, Supplemental 11.76 9.21 7.60
Minority Interest, Supplemental -0.93 -1.93 2.86
Research & Development Expense, Supplemental 50.06 46.85 48.63
Audit-Related Fees, Supplemental 2.54 2.37 2.27
Audit-Related Fees 0.09 0.08 0.06
Tax Fees, Supplemental 0.08 0.00 0.00
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00
Gross Margin 45.15 45.55 44.31
Operating Margin 3.62 14.28 10.61
Pretax Margin 2.49 13.22 9.82
Effective Tax Rate -57.03 38.05 40.00
Net Profit Margin 3.82 8.00 6.12
Normalized EBIT 66.10 170.65 137.20
Normalized EBITDA 103.98 205.93 168.89
Current Tax - Domestic 4.27 19.97 21.25
Current Tax - Foreign 11.05 21.19 22.98
Current Tax - Local 0.81 2.23 2.39
Current Tax - Total 16.14 43.39 46.62
Deferred Tax - Domestic -28.73 11.58 3.81
Deferred Tax - Local -4.39 2.84 -6.03
Deferred Tax - Total -33.12 14.42 -2.21
Income Tax - Total -16.98 57.80 44.41
Interest Cost - Domestic 18.45 18.75 18.31
Service Cost - Domestic 11.02 10.42 11.52
Prior Service Cost - Domestic -0.02 -0.01 0.07
Expected Return on Assets - Domestic -35.42 -34.75 -34.13
Actuarial Gains and Losses - Domestic 12.96 11.92 15.55
Curtailments & Settlements - Domestic 0.15 0.01 0.64
Transition Costs - Domestic 0.00 0.00 0.00
Other Pension, Net - Domestic 11.38 -- --
Domestic Pension Plan Expense 18.53 6.33 11.96
Interest Cost - Post-Retirement 0.88 0.95 0.86
Service Cost - Post-Retirement 0.40 0.43 0.44
Prior Service Cost - Post-Retirement -0.31 -0.42 -0.34
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement 0.10 0.07 0.03
Curtailments & Settlements - Post-Retirement -0.56 -- --
Transition Costs - Post-Retirement 0.00 0.00 0.00
Other Post-Retirement, Net 0.00 0.00 0.00
Post-Retirement Plan Expense 0.52 1.02 1.00
Defined Contribution Expense - Domestic 8.10 5.10 68.00
Total Pension Expense 27.14 12.45 80.95
Discount Rate - Domestic 3.67 3.92 3.63
Discount Rate - Post-Retirement 4.05 4.20 3.85
Expected Rate of Return - Domestic 8.04 8.18 8.17
Expected Rate of Return - Post-Retirement 0.00 0.00 0.00
Compensation Rate - Domestic 2.99 3.06 3.03
Compensation Rate - Post-Retirement 0.00 0.00 0.00
Total Plan Interest Cost 19.33 19.70 19.18
Total Plan Service Cost 11.43 10.84 11.96
Total Plan Expected Return -35.42 -34.75 -34.13
Total Plan Other Expense 11.38 0.00 0.00
For a more complete picture of our financial results, please review our SEC Filings

In millions of USD (except for per share items)

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