Financial Fundamentals - Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Restated) Year Ending Dec 2019 (Restated)
Net Sales 1,400.18 1,348.22 1,401.98
Revenue 1,400.18 1,348.22 1,401.98
Total Revenue 1,400.18 1,348.22 1,401.98
Cost of Revenue 784.83 752.73 763.35
Cost of Revenue, Total 784.83 752.73 763.35
Gross Profit 615.35 595.49 638.63
Selling/General/Administrative Expense 316.98 289.62 326.10
Selling/General/Administrative Expenses, Total 316.98 289.62 326.10
Research & Development 57.79 58.27 57.85
Investment Income - Operating 0.22 8.58 19.81
Interest/Investment Income - Operating 0.22 8.58 19.81
Interest Expense (Income), Net-Operating, Total 0.22 8.58 19.81
Restructuring Charge 16.43 27.38 13.85
Impairment-Assets Held for Use -- -- --
Other Unusual Expense (Income) 15.88 0.72 4.40
Unusual Expense (Income) 32.32 28.10 18.25
Other Operating Expense 185.26 39.04 28.37
Other Operating Expenses, Total 185.26 39.04 28.37
Total Operating Expense 1,377.40 1,176.33 1,213.73
Operating Income 22.78 171.90 188.25
Interest Expense - Non-Operating -10.76 -9.43 -13.59
Interest Expense, Net Non-Operating -10.76 -9.43 -13.59
Interest Income, Non-Operating 3.26 3.50 4.41
Investment Income, Non-Operating -- -- --
Interest/Investment Income, Non-Operating 3.26 3.50 4.41
Interest Income (Expense), Net-Non-Operating, Total -7.50 -5.93 -9.18
Gain (Loss) on Sale of Assets -0.79 -0.24 -0.37
Other Non-Operating Income (Expense) 9.11 2.42 7.05
Other, Net 9.11 2.42 7.05
Net Income Before Taxes 23.60 168.15 185.75
Income Tax – Total 1.82 43.01 46.55
Income After Tax 21.79 125.14 139.21
Minority Interest -0.45 -1.06 -1.21
Net Income Before Extraordinary Items 21.34 124.08 138.00
Discontinued Operations -- -- --
Extraordinary Item -- -- --
Tax on Extraordinary Items -- -- --
Total Extraordinary Items -- -- --
Net Income 21.34 124.08 138.00
Preferred Dividends -0.07 -0.13 -0.23
Total Adjustments to Net Income -0.07 -0.13 -0.23
Income Available to Common Excluding Extraordinary Items 21.28 123.95 137.77
Income Available to Common Stocks Including Extraordinary Items 21.28 123.95 137.77
Basic Weighted Average Shares 39.17 38.89 38.65
Basic EPS Excluding Extraordinary Items 0.54 3.19 3.56
Basic EPS Including Extraordinary Items 0.54 3.19 3.56
Diluted Net Income 21.28 123.95 137.77
Diluted Weighted Average Shares 39.45 39.29 39.19
Diluted EPS Excluding Extraordinary Items 0.54 3.16 3.52
Diluted EPS Including Extraordinary Items 0.54 3.16 3.52
DPS - Common Stock Primary Issue 1.75 1.71 1.64
Gross Dividends - Common Stock 68.55 66.54 63.48
Other Unusual Expense (Income), Supplemental -- 0.76 --
Non-Recurring Items, Total -- 0.76 --
Total Special Items 33.11 29.09 18.62
Normalized Income Before Taxes 56.71 197.24 204.37
Effect of Special Items on Income Taxes 2.55 7.44 4.66
Income Taxes Excluding Impact of Special Items 4.36 50.45 51.21
Normalized Income After Taxes 52.35 146.79 153.16
Normalized Income Available to Common 51.83 145.60 151.73
Basic Normalized EPS 1.32 3.74 3.93
Diluted Normalized EPS 1.31 3.71 3.87
Amortization of Intangibles, Supplemental 16.81 11.57 --
Depreciation, Supplemental 33.50 28.10 38.02
Interest Expense, Supplemental 10.76 9.43 13.59
Rental Expense, Supplemental 14.23 13.00 13.40
Stock-Based Compensation, Supplemental 18.91 6.92 13.76
Minority Interest, Supplemental -0.45 -1.06 -1.21
Research & Development Expense, Supplemental 57.79 58.27 57.85
Audit-Related Fees, Supplemental 3.45 2.94 --
Audit-Related Fees 0.05 0.04 --
Tax Fees, Supplemental 0.02 -- --
All Other Fees Paid to Auditor, Supplemental -- -- --
Gross Margin 43.95 44.17 45.55
Operating Margin 1.63 12.75 13.43
Pretax Margin 1.69 12.47 13.25
Effective Tax Rate 7.69 25.58 25.06
Net Profit Margin 1.52 9.19 9.83
Normalized EBIT 55.31 209.33 226.31
Normalized EBITDA 105.63 249.00 264.33
Current Tax - Domestic 13.18 23.59 13.77
Current Tax - Foreign 22.49 16.78 25.61
Current Tax - Local 5.00 4.90 5.44
Current Tax - Total 40.67 45.26 44.81
Deferred Tax - Domestic -29.63 -0.57 6.14
Deferred Tax - Local -9.22 -1.68 -4.41
Deferred Tax - Total -38.85 -2.25 1.73
Income Tax - Total 1.82 43.01 46.55
Interest Cost - Domestic 11.52 -- --
Service Cost - Domestic 12.91 -- --
Prior Service Cost - Domestic 0.16 -- --
Expected Return on Assets - Domestic -37.37 -- --
Actuarial Gains and Losses - Domestic 17.46 -- --
Curtailments & Settlements - Domestic -2.23 -- --
Transition Costs - Domestic 0.00 -- --
Other Pension, Net - Domestic -- -- --
Domestic Pension Plan Expense 2.45 -- --
Interest Cost - Post-Retirement 0.48 -- --
Service Cost - Post-Retirement 0.40 -- --
Prior Service Cost - Post-Retirement -0.36 -- --
Expected Return on Assets - Post-Retirement 0.00 -- --
Actuarial Gains and Losses - Post-Retirement 1.60 -- --
Curtailments & Settlements - Post-Retirement 0.00 -- --
Transition Costs - Post-Retirement 0.00 -- --
Other Post-Retirement, Net -- -- --
Post-Retirement Plan Expense 2.11 -- --
Defined Contribution Expense - Domestic 11.70 -- --
Total Pension Expense 16.26 -- --
Discount Rate - Domestic 1.69 -- --
Discount Rate - Post-Retirement 1.48 -- --
Expected Rate of Return - Domestic 7.13 -- --
Expected Rate of Return - Post-Retirement 0.00 -- --
Compensation Rate - Domestic 2.90 -- --
Compensation Rate - Post-Retirement 3.00 -- --
Total Plan Interest Cost 11.99 -- --
Total Plan Service Cost 13.31 -- --
Total Plan Expected Return -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)

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