Financial Fundamentals - Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 1,348.22 1,401.98 1,358.10
Revenue 1,348.22 1,401.98 1,358.10
Total Revenue 1,348.22 1,401.98 1,358.10
Cost of Revenue 757.78 765.37 746.24
Cost of Revenue, Total 757.78 765.37 746.24
Gross Profit 590.45 636.61 611.86
Selling/General/Administrative Expense 289.62 326.10 324.78
Selling/General/Administrative Expenses, Total 289.62 326.10 324.78
Research & Development 58.27 57.85 52.70
Investment Income - Operating 8.58 19.81 2.33
Interest/Investment Income - Operating 8.58 19.81 2.33
Interest Expense (Income), Net-Operating, Total 8.58 19.81 2.33
Restructuring Charge 27.38 13.85 13.25
Impairment-Assets Held for Use -- -- --
Other Unusual Expense (Income) 0.72 4.40 1.49
Unusual Expense (Income) 28.10 18.25 14.74
Other Operating Expense 39.04 28.37 45.33
Other Operating Expenses, Total 39.04 28.37 45.33
Total Operating Expense 1,181.37 1,215.75 1,186.12
Operating Income 166.85 186.23 171.99
Interest Expense - Non-Operating -9.43 -13.59 -18.88
Interest Expense, Net Non-Operating -9.43 -13.59 -18.88
Interest Income, Non-Operating 3.50 4.41 4.59
Investment Income, Non-Operating -- -- --
Interest/Investment Income, Non-Operating 3.50 4.41 4.59
Interest Income (Expense), Net-Non-Operating, Total -5.93 -9.18 -14.29
Gain (Loss) on Sale of Assets -0.24 -0.37 0.65
Other Non-Operating Income (Expense) 2.42 7.05 4.00
Other, Net 2.42 7.05 4.00
Net Income Before Taxes 163.10 183.74 162.34
Income Tax – Total 41.94 46.09 39.22
Income After Tax 121.16 137.65 123.12
Minority Interest -1.06 -1.21 -0.97
Net Income Before Extraordinary Items 120.10 136.44 122.15
Discontinued Operations -- -- 0.00
Extraordinary Item -- -- 2.00
Tax on Extraordinary Items -- -- --
Total Extraordinary Items -- -- 2.00
Net Income 120.10 136.44 124.15
Preferred Dividends -0.13 -0.23 -0.16
Total Adjustments to Net Income -0.13 -0.23 -0.16
Income Available to Common Excluding Extraordinary Items 119.98 136.22 121.99
Income Available to Common Stocks Including Extraordinary Items 119.98 136.22 123.99
Basic Weighted Average Shares 38.89 38.65 38.36
Basic EPS Excluding Extraordinary Items 3.09 3.52 3.18
Basic EPS Including Extraordinary Items 3.09 3.52 3.23
Diluted Net Income 119.98 136.22 123.99
Diluted Weighted Average Shares 39.29 39.19 38.96
Diluted EPS Excluding Extraordinary Items 3.05 3.48 3.13
Diluted EPS Including Extraordinary Items 3.05 3.48 3.18
DPS - Common Stock Primary Issue 1.71 1.64 1.49
Gross Dividends - Common Stock 66.54 63.48 57.21
Other Unusual Expense (Income), Supplemental 0.76 -- --
Non-Recurring Items, Total 0.76 -- --
Total Special Items 29.09 18.62 14.10
Normalized Income Before Taxes 192.19 202.35 176.43
Effect of Special Items on Income Taxes 7.48 4.67 3.41
Income Taxes Excluding Impact of Special Items 49.42 50.76 42.63
Normalized Income After Taxes 142.77 151.60 133.80
Normalized Income Available to Common 141.59 150.16 132.68
Basic Normalized EPS 3.64 3.88 3.46
Diluted Normalized EPS 3.60 3.83 3.41
Amortization of Intangibles, Supplemental 11.57 11.12 10.51
Depreciation, Supplemental 28.10 26.90 27.34
Interest Expense, Supplemental 9.43 13.59 18.88
Rental Expense, Supplemental 13.00 13.36 12.50
Stock-Based Compensation, Supplemental 6.92 13.76 12.24
Minority Interest, Supplemental -1.06 -1.21 -0.97
Research & Development Expense, Supplemental 58.27 57.85 52.70
Audit-Related Fees, Supplemental -- 2.90 2.92
Audit-Related Fees -- 0.05 0.11
Tax Fees, Supplemental -- 0.00 0.00
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00
Gross Margin 43.79 45.41 45.05
Operating Margin 12.38 13.28 12.66
Pretax Margin 12.10 13.11 11.95
Effective Tax Rate 25.71 25.08 24.16
Net Profit Margin 8.90 9.72 8.98
Normalized EBIT 204.28 224.29 189.06
Normalized EBITDA 243.96 262.31 226.91
Current Tax - Domestic 23.59 13.77 15.57
Current Tax - Foreign 16.78 25.61 23.45
Current Tax - Local 4.90 5.44 4.27
Current Tax - Total 45.26 44.81 43.29
Deferred Tax - Domestic -1.49 5.74 0.29
Deferred Tax - Local -1.83 -4.47 -4.36
Deferred Tax - Total -3.32 1.27 -4.07
Income Tax - Total 41.94 46.09 39.22
Interest Cost - Domestic 14.91 18.80 17.21
Service Cost - Domestic 12.09 10.34 11.13
Prior Service Cost - Domestic 0.18 0.22 -0.02
Expected Return on Assets - Domestic -34.03 -38.64 -36.35
Actuarial Gains and Losses - Domestic 15.80 10.16 13.76
Curtailments & Settlements - Domestic 1.14 2.50 0.18
Transition Costs - Domestic -- 0.00 0.00
Other Pension, Net - Domestic -- 0.00 0.00
Domestic Pension Plan Expense 10.08 3.38 5.90
Interest Cost - Post-Retirement 0.72 1.00 0.79
Service Cost - Post-Retirement 0.40 0.35 0.37
Prior Service Cost - Post-Retirement -0.39 -0.41 -0.41
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement 1.15 0.87 0.75
Curtailments & Settlements - Post-Retirement 0.00 0.00 0.00
Transition Costs - Post-Retirement -- 0.00 0.00
Other Post-Retirement, Net -- 0.00 0.00
Post-Retirement Plan Expense 1.86 1.81 1.51
Defined Contribution Expense - Domestic 10.60 8.30 9.00
Total Pension Expense 22.55 13.50 16.41
Discount Rate - Domestic 2.52 -- 3.34
Discount Rate - Post-Retirement 1.48 -- 3.57
Expected Rate of Return - Domestic 7.10 -- 7.99
Expected Rate of Return - Post-Retirement 0.00 -- 0.00
Compensation Rate - Domestic 2.93 -- 3.00
Compensation Rate - Post-Retirement 3.00 -- 0.00
Total Plan Interest Cost 15.62 19.80 18.01
Total Plan Service Cost 12.49 10.70 11.49
Total Plan Expected Return -34.03 -38.64 -36.35
Total Plan Other Expense -- 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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