Financial Fundamentals - Income Statement

  Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Restated)
Net Sales 1,527.95 1,400.18 1,348.22
Revenue 1,527.95 1,400.18 1,348.22
Total Revenue 1,527.95 1,400.18 1,348.22
Cost of Revenue 854.12 784.83 752.73
Cost of Revenue, Total 854.12 784.83 752.73
Gross Profit 673.83 615.35 595.49
Selling/General/Administrative Expense 326.43 316.98 289.62
Selling/General/Administrative Expenses, Total 326.43 316.98 289.62
Research & Development 57.01 57.79 58.27
Investment Income - Operating 10.26 0.22 8.58
Interest/Investment Income - Operating 10.26 0.22 8.58
Interest Expense (Income), Net-Operating, Total 10.26 0.22 8.58
Restructuring Charge 7.97 16.43 27.38
Impairment-Assets Held for Use -- -- --
Other Unusual Expense (Income) 12.44 15.88 0.72
Unusual Expense (Income) 20.41 32.32 28.10
Other Operating Expense 20.59 185.26 39.04
Other Operating Expenses, Total 20.59 185.26 39.04
Total Operating Expense 1,288.82 1,377.40 1,176.33
Operating Income 239.14 22.78 171.90
Interest Expense - Non-Operating -21.66 -10.76 -9.43
Interest Expense, Net Non-Operating -21.66 -10.76 -9.43
Interest Income, Non-Operating 4.16 3.26 3.50
Investment Income, Non-Operating -- -- --
Interest/Investment Income, Non-Operating 4.16 3.26 3.50
Interest Income (Expense), Net-Non-Operating, Total -17.51 -7.50 -5.93
Gain (Loss) on Sale of Assets -6.29 -0.79 -0.24
Other Non-Operating Income (Expense) 23.19 9.11 2.42
Other, Net 23.19 9.11 2.42
Net Income Before Taxes 238.53 23.60 168.15
Income Tax – Total 58.90 1.82 43.01
Income After Tax 179.63 21.79 125.14
Minority Interest 0.00 -0.45 -1.06
Net Income Before Extraordinary Items 179.63 21.34 124.08
Discontinued Operations -- -- --
Extraordinary Item -- -- --
Tax on Extraordinary Items -- -- --
Total Extraordinary Items -- -- --
Net Income 179.63 21.34 124.08
Preferred Dividends -0.04 -0.04 -0.04
Miscellaneous Earnings Adjustment -0.03 -0.02 -0.08
Total Adjustments to Net Income -0.07 -0.07 -0.13
Income Available to Common Excluding Extraordinary Items 179.56 21.28 123.95
Income Available to Common Stocks Including Extraordinary Items 179.56 21.28 123.95
Basic Weighted Average Shares 39.23 39.17 38.89
Basic EPS Excluding Extraordinary Items 4.58 0.54 3.19
Basic EPS Including Extraordinary Items 4.58 0.54 3.19
Diluted Net Income 179.56 21.28 123.95
Diluted Weighted Average Shares 39.41 39.45 39.29
Diluted EPS Excluding Extraordinary Items 4.56 0.54 3.16
Diluted EPS Including Extraordinary Items 4.56 0.54 3.16
DPS - Common Stock Primary Issue 1.82 1.75 1.71
Gross Dividends - Common Stock 71.46 68.55 66.54
Other Unusual Expense (Income), Supplemental -- -- 0.76
Non-Recurring Items, Total -- -- 0.76
Total Special Items 26.70 33.11 29.09
Normalized Income Before Taxes 265.23 56.71 197.24
Effect of Special Items on Income Taxes 6.59 2.55 7.44
Income Taxes Excluding Impact of Special Items 65.50 4.36 50.45
Normalized Income After Taxes 199.73 52.35 146.79
Normalized Income Available to Common 199.66 51.83 145.60
Basic Normalized EPS 5.09 1.32 3.74
Diluted Normalized EPS 5.07 1.31 3.71
Amortization of Intangibles, Supplemental 19.14 16.81 11.57
Depreciation, Supplemental 37.18 33.50 28.10
Interest Expense, Supplemental 21.66 10.76 9.43
Rental Expense, Supplemental 14.97 14.23 13.00
Stock-Based Compensation, Supplemental 19.65 18.91 6.92
Minority Interest, Supplemental 0.00 -0.45 -1.06
Research & Development Expense, Supplemental 57.01 57.79 58.27
Audit-Related Fees, Supplemental 3.35 3.45 2.94
Audit-Related Fees 0.07 0.05 0.04
Tax Fees, Supplemental 0.26 0.02 --
All Other Fees Paid to Auditor, Supplemental 2.00 -- --
Gross Margin 44.10 43.95 44.17
Operating Margin 15.65 1.63 12.75
Pretax Margin 15.61 1.69 12.47
Effective Tax Rate 24.69 7.69 25.58
Net Profit Margin 11.75 1.52 9.19
Normalized EBIT 269.80 55.31 209.33
Normalized EBITDA 326.11 105.63 249.00
Current Tax - Domestic 26.02 13.18 23.59
Current Tax - Foreign 20.00 22.49 16.78
Current Tax - Local 7.71 5.00 4.90
Current Tax - Total 53.73 40.67 45.26
Deferred Tax - Domestic 7.35 -29.63 -0.57
Deferred Tax - Local -2.18 -9.22 -1.68
Deferred Tax - Total 5.17 -38.85 -2.25
Income Tax - Total 58.90 1.82 43.01
Interest Cost - Domestic 14.38 11.52 --
Service Cost - Domestic 12.28 12.91 --
Prior Service Cost - Domestic 0.14 0.16 --
Expected Return on Assets - Domestic -49.65 -37.37 --
Actuarial Gains and Losses - Domestic 11.70 17.46 --
Curtailments & Settlements - Domestic -0.35 -2.23 --
Transition Costs - Domestic -- 0.00 --
Other Pension, Net - Domestic -- -- --
Domestic Pension Plan Expense -11.50 2.45 --
Interest Cost - Post-Retirement 0.59 0.48 --
Service Cost - Post-Retirement 0.33 0.40 --
Prior Service Cost - Post-Retirement -0.34 -0.36 --
Expected Return on Assets - Post-Retirement 0.00 0.00 --
Actuarial Gains and Losses - Post-Retirement 1.24 1.60 --
Curtailments & Settlements - Post-Retirement -- 0.00 --
Transition Costs - Post-Retirement -- 0.00 --
Other Post-Retirement, Net -- -- --
Post-Retirement Plan Expense 1.82 2.11 --
Defined Contribution Expense - Domestic 12.60 11.70 --
Total Pension Expense 2.92 16.26 --
Discount Rate - Domestic 2.17 1.69 --
Discount Rate - Post-Retirement 2.04 1.48 --
Expected Rate of Return - Domestic 8.77 7.13 --
Expected Rate of Return - Post-Retirement 0.00 0.00 --
Compensation Rate - Domestic 4.58 2.90 --
Compensation Rate - Post-Retirement 2.91 3.00 --
Total Plan Interest Cost 14.97 11.99 --
Total Plan Service Cost 12.61 13.31 --
Total Plan Expected Return -49.65 -37.37 --
Total Plan Other Expense -- -- --
For a more complete picture of our financial results, please review our SEC Filings

In millions of USD (except for per share items)

Copyright Refinitiv

Shareholder Tools