Financial Fundamentals - Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified)
Net Sales 1,401.98 1,358.10 1,196.81
Revenue 1,401.98 1,358.10 1,196.81
Total Revenue 1,401.98 1,358.10 1,196.81
Cost of Revenue 765.37 746.24 657.92
Cost of Revenue, Total 765.37 746.24 657.92
Gross Profit 636.61 611.86 538.89
Selling/General/Administrative Expense 326.10 324.78 300.06
Selling/General/Administrative Expenses, Total 326.10 324.78 300.06
Research & Development 57.85 52.70 50.06
Investment Income - Operating 19.81 2.33 5.13
Interest/Investment Income - Operating 19.81 2.33 5.13
Interest Expense (Income), Net-Operating, Total 19.81 2.33 5.13
Restructuring Charge 13.85 13.25 17.63
Impairment-Assets Held for Use -- -- --
Other Unusual Expense (Income) 4.40 1.49 0.00
Unusual Expense (Income) 18.25 14.74 17.63
Other Operating Expense 28.37 45.33 126.43
Other Operating Expenses, Total 28.37 45.33 126.43
Total Operating Expense 1,215.75 1,186.12 1,157.23
Operating Income 186.23 171.99 39.58
Interest Expense - Non-Operating -13.59 -18.88 -15.36
Interest Expense, Net Non-Operating -13.59 -18.88 -15.36
Interest Income, Non-Operating 4.41 4.59 3.60
Investment Income, Non-Operating -- -- --
Interest/Investment Income, Non-Operating 4.41 4.59 3.60
Interest Income (Expense), Net-Non-Operating, Total -9.18 -14.29 -11.76
Gain (Loss) on Sale of Assets -0.37 0.65 -0.56
Other Non-Operating Income (Expense) 7.05 4.00 2.52
Other, Net 7.05 4.00 2.52
Net Income Before Taxes 183.74 162.34 29.78
Income Tax – Total 46.09 39.22 -16.98
Income After Tax 137.65 123.12 46.76
Minority Interest -1.21 -0.97 -0.93
Net Income Before Extraordinary Items 136.44 122.15 45.83
Discontinued Operations -- 0.00 0.00
Extraordinary Item -- 2.00 -19.80
Tax on Extraordinary Items -- -- --
Total Extraordinary Items -- 2.00 -19.80
Net Income 136.44 124.15 26.03
Preferred Dividends -0.23 -0.16 -0.10
Total Adjustments to Net Income -0.23 -0.16 -0.10
Income Available to Common Excluding Extraordinary Items 136.22 121.99 45.72
Income Available to Common Stocks Including Extraordinary Items 136.22 123.99 25.92
Basic Weighted Average Shares 38.65 38.36 38.00
Basic EPS Excluding Extraordinary Items 3.52 3.18 1.20
Basic EPS Including Extraordinary Items 3.52 3.23 0.68
Diluted Net Income 136.22 123.99 25.92
Diluted Weighted Average Shares 39.19 38.96 38.70
Diluted EPS Excluding Extraordinary Items 3.48 3.13 1.18
Diluted EPS Including Extraordinary Items 3.48 3.18 0.67
DPS - Common Stock Primary Issue 1.64 1.49 1.38
Gross Dividends - Common Stock 63.48 57.21 52.50
(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 18.62 14.10 18.19
Normalized Income Before Taxes 202.35 176.43 47.96
Effect of Special Items on Income Taxes 4.67 3.41 6.37
Income Taxes Excluding Impact of Special Items 50.76 42.63 -10.61
Normalized Income After Taxes 151.60 133.80 58.58
Normalized Income Available to Common 150.16 132.68 57.55
Basic Normalized EPS 3.88 3.46 1.51
Diluted Normalized EPS 3.83 3.41 1.49
Amortization of Intangibles, Supplemental 11.12 10.51 9.43
Depreciation, Supplemental 26.90 27.34 28.44
Interest Expense, Supplemental 13.59 18.88 15.36
Rental Expense, Supplemental 13.36 12.50 13.70
Stock-Based Compensation, Supplemental 13.76 12.24 11.76
Minority Interest, Supplemental -1.21 -0.97 -0.93
Research & Development Expense, Supplemental 57.85 52.70 50.06
Audit-Related Fees, Supplemental 2.90 2.92 2.54
Audit-Related Fees 0.05 0.11 0.09
Tax Fees, Supplemental 0.00 0.00 0.08
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00
Gross Margin 45.41 45.05 45.03
Operating Margin 13.28 12.66 3.31
Pretax Margin 13.11 11.95 2.49
Effective Tax Rate 25.08 24.16 -57.03
Net Profit Margin 9.72 8.98 3.82
Normalized EBIT 224.29 189.06 62.34
Normalized EBITDA 262.31 226.91 100.21
Current Tax - Domestic 13.77 15.57 4.27
Current Tax - Foreign 25.61 23.45 11.05
Current Tax - Local 5.44 4.27 0.81
Current Tax - Total 44.81 43.29 16.14
Deferred Tax - Domestic 5.74 0.29 -28.73
Deferred Tax - Local -4.47 -4.36 -4.39
Deferred Tax - Total 1.27 -4.07 -33.12
Income Tax - Total 46.09 39.22 -16.98
Interest Cost - Domestic 18.80 17.21 18.45
Service Cost - Domestic 10.34 11.13 11.02
Prior Service Cost - Domestic 0.22 -0.02 -0.02
Expected Return on Assets - Domestic -38.64 -36.35 -35.42
Actuarial Gains and Losses - Domestic 10.16 13.76 12.96
Curtailments & Settlements - Domestic 2.50 0.18 0.15
Transition Costs - Domestic 0.00 0.00 0.00
Other Pension, Net - Domestic 0.00 0.00 11.38
Domestic Pension Plan Expense 3.38 5.90 18.53
Interest Cost - Post-Retirement 1.00 0.79 0.88
Service Cost - Post-Retirement 0.35 0.37 0.40
Prior Service Cost - Post-Retirement -0.41 -0.41 -0.31
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement 0.87 0.75 0.10
Curtailments & Settlements - Post-Retirement 0.00 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 1.81 1.51 0.52
Defined Contribution Expense - Domestic 8.30 9.00 8.10
Total Pension Expense 13.50 16.41 27.14
Discount Rate - Domestic -- 3.34 3.67
Discount Rate - Post-Retirement -- 3.57 4.05
Expected Rate of Return - Domestic -- 7.99 8.04
Expected Rate of Return - Post-Retirement -- 0.00 0.00
Compensation Rate - Domestic -- 3.00 2.99
Compensation Rate - Post-Retirement -- 0.00 0.00
Total Plan Interest Cost 19.80 18.01 19.33
Total Plan Service Cost 10.70 11.49 11.43
Total Plan Expected Return -38.64 -36.35 -35.42
Total Plan Other Expense 0.00 0.00 11.38
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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