Financial Fundamentals - Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified)
Net Sales 1,358.10 1,196.81 1,149.53
Revenue 1,358.10 1,196.81 1,149.53
Total Revenue 1,358.10 1,196.81 1,149.53
Cost of Revenue 746.24 657.92 627.28
Cost of Revenue, Total 746.24 657.92 627.28
Gross Profit 611.86 538.89 522.25
Selling/General/Administrative Expense 324.78 300.06 308.24
Selling/General/Administrative Expenses, Total 324.78 300.06 308.24
Research & Development 52.70 50.06 46.85
Investment Income - Operating 2.33 5.13 0.77
Interest/Investment Income - Operating 2.33 5.13 0.77
Interest Expense (Income), Net-Operating, Total 2.33 5.13 0.77
Restructuring Charge 13.25 17.63 5.69
Impairment-Assets Held for Use -- -- --
Other Unusual Expense (Income) 1.49 0.00 0.00
Unusual Expense (Income) 14.74 17.63 5.69
Other Operating Expense 45.33 126.43 0.00
Other Operating Expenses, Total 45.33 126.43 0.00
Total Operating Expense 1,186.12 1,157.23 988.83
Operating Income 171.99 39.58 160.70
Interest Expense - Non-Operating -18.88 -15.36 -16.41
Interest Expense, Net Non-Operating -18.88 -15.36 -16.41
Interest Income, Non-Operating 4.59 3.60 2.83
Investment Income, Non-Operating -- -- --
Interest/Investment Income, Non-Operating 4.59 3.60 2.83
Interest Income (Expense), Net-Non-Operating, Total -14.29 -11.76 -13.58
Gain (Loss) on Sale of Assets 0.65 -0.56 0.59
Other Non-Operating Income (Expense) 4.00 2.52 4.20
Other, Net 4.00 2.52 4.20
Net Income Before Taxes 162.34 29.78 151.91
Income Tax – Total 39.22 -16.98 57.80
Income After Tax 123.12 46.76 94.11
Minority Interest -0.97 -0.93 -1.93
Net Income Before Extraordinary Items 122.15 45.83 92.18
Discontinued Operations 0.00 0.00 0.08
Extraordinary Item 2.00 -19.80 --
Tax on Extraordinary Items -- -- -0.33
Total Extraordinary Items 2.00 -19.80 -0.25
Net Income 124.15 26.03 91.94
Preferred Dividends -0.16 -0.10 -0.19
Total Adjustments to Net Income -0.16 -0.10 -0.19
Income Available to Common Excluding Extraordinary Items 121.99 45.72 92.00
Income Available to Common Stocks Including Extraordinary Items 123.99 25.92 91.75
Basic Weighted Average Shares 38.36 38.00 37.46
Basic EPS Excluding Extraordinary Items 3.18 1.20 2.46
Basic EPS Including Extraordinary Items 3.23 0.68 2.45
Diluted Net Income 123.99 25.92 91.75
Diluted Weighted Average Shares 38.96 38.70 37.99
Diluted EPS Excluding Extraordinary Items 3.13 1.18 2.42
Diluted EPS Including Extraordinary Items 3.18 0.67 2.42
DPS - Common Stock Primary Issue 1.49 1.38 1.31
Gross Dividends - Common Stock 57.21 52.50 49.03
(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 14.10 18.19 5.10
Normalized Income Before Taxes 176.43 47.96 157.01
Effect of Special Items on Income Taxes 3.41 6.37 1.94
Income Taxes Excluding Impact of Special Items 42.63 -10.61 59.74
Normalized Income After Taxes 133.80 58.58 97.27
Normalized Income Available to Common 132.68 57.55 95.16
Basic Normalized EPS 3.46 1.51 2.54
Diluted Normalized EPS 3.41 1.49 2.51
Amortization of Intangibles, Supplemental 10.51 9.43 7.89
Depreciation, Supplemental 27.34 28.44 27.39
Interest Expense, Supplemental 18.88 15.36 16.41
Rental Expense, Supplemental 12.50 13.70 12.60
Stock-Based Compensation, Supplemental 12.24 11.76 9.21
Minority Interest, Supplemental -0.97 -0.93 -1.93
Research & Development Expense, Supplemental 52.70 50.06 46.85
Audit-Related Fees, Supplemental 2.92 2.54 2.37
Audit-Related Fees 0.11 0.09 0.08
Tax Fees, Supplemental 0.00 0.08 0.00
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00
Gross Margin 45.05 45.03 45.43
Operating Margin 12.66 3.31 13.98
Pretax Margin 11.95 2.49 13.22
Effective Tax Rate 24.16 -57.03 38.05
Net Profit Margin 8.98 3.82 8.00
Normalized EBIT 189.06 62.34 167.16
Normalized EBITDA 226.91 100.21 202.44
Current Tax - Domestic 15.57 4.27 19.97
Current Tax - Foreign 23.45 11.05 21.19
Current Tax - Local 4.27 0.81 2.23
Current Tax - Total 43.29 16.14 43.39
Deferred Tax - Domestic 0.29 -28.73 11.58
Deferred Tax - Local -4.36 -4.39 2.84
Deferred Tax - Total -4.07 -33.12 14.42
Income Tax - Total 39.22 -16.98 57.80
Interest Cost - Domestic 17.21 18.45 18.75
Service Cost - Domestic 11.13 11.02 10.42
Prior Service Cost - Domestic -0.02 -0.02 -0.01
Expected Return on Assets - Domestic -36.35 -35.42 -34.75
Actuarial Gains and Losses - Domestic 13.76 12.96 11.92
Curtailments & Settlements - Domestic 0.18 0.15 0.01
Transition Costs - Domestic 0.00 0.00 0.00
Other Pension, Net - Domestic 0.00 11.38 --
Domestic Pension Plan Expense 5.90 18.53 6.33
Interest Cost - Post-Retirement 0.79 0.88 0.95
Service Cost - Post-Retirement 0.37 0.40 0.43
Prior Service Cost - Post-Retirement -0.41 -0.31 -0.42
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement 0.75 0.10 0.07
Curtailments & Settlements - Post-Retirement 0.00 -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 1.51 0.52 1.02
Defined Contribution Expense - Domestic 9.00 8.10 5.10
Total Pension Expense 16.41 27.14 12.45
Discount Rate - Domestic 3.34 3.67 3.92
Discount Rate - Post-Retirement 3.57 4.05 4.20
Expected Rate of Return - Domestic 7.99 8.04 8.18
Expected Rate of Return - Post-Retirement 0.00 0.00 0.00
Compensation Rate - Domestic 3.00 2.99 3.06
Compensation Rate - Post-Retirement 0.00 0.00 0.00
Total Plan Interest Cost 18.01 19.33 19.70
Total Plan Service Cost 11.49 11.43 10.84
Total Plan Expected Return -36.35 -35.42 -34.75
Total Plan Other Expense 0.00 11.38 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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