Income Statement
| Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | Year Ending Dec 2014 (Update) | |
|---|---|---|---|---|
| Net Sales | 5,329.00 | 4,272.00 | 3,991.00 | 5,506.00 |
| Revenue | 5,329.00 | 4,272.00 | 3,991.00 | 5,506.00 |
| Total Revenue | 5,329.00 | 4,272.00 | 3,991.00 | 5,506.00 |
| Cost of Revenue | 3,506.00 | 3,274.00 | 2,911.00 | 3,667.00 |
| Cost of Revenue, Total | 3,506.00 | 3,274.00 | 2,911.00 | 3,667.00 |
| Gross Profit | 1,823.00 | 998.00 | 1,080.00 | 1,839.00 |
| Selling/General/Administrative Expense | 318.00 | 425.00 | 451.00 | 573.00 |
| Labor & Related Expense | 38.00 | 35.00 | 24.00 | 34.00 |
| Advertising Expense | 156.00 | -- | -- | -- |
| Selling/General/Administrative Expenses, Total | 512.00 | 460.00 | 475.00 | 607.00 |
| Research & Development | 1,167.00 | 1,009.00 | 937.00 | 1,075.00 |
| Amortization of Intangibles, Operating | 0.00 | 0.00 | 3.00 | 14.00 |
| Depreciation/Amortization | 0.00 | 0.00 | 3.00 | 14.00 |
| Investment Income - Operating | -8.00 | -1.00 | 17.00 | -6.00 |
| Interest/Investment Income - Operating | -8.00 | -1.00 | 17.00 | -6.00 |
| Interest Expense (Income), Net-Operating, Total | -8.00 | -1.00 | 17.00 | -6.00 |
| Restructuring Charge | 0.00 | -10.00 | 129.00 | 71.00 |
| Litigation | -- | -- | 0.00 | 0.00 |
| Impairment-Assets Held for Use | -- | 0.00 | 0.00 | 233.00 |
| Impairment-Assets Held for Sale | -- | -- | -- | -- |
| Loss (Gain) on Sale of Assets - Operating | -- | -- | -- | -- |
| Other Unusual Expense (Income) | -40.00 | -20.00 | 0.00 | 61.00 |
| Unusual Expense (Income) | -40.00 | -30.00 | 129.00 | 365.00 |
| Total Operating Expense | 5,137.00 | 4,712.00 | 4,472.00 | 5,722.00 |
| Operating Income | 192.00 | -440.00 | -481.00 | -216.00 |
| Interest Expense - Non-Operating | -126.00 | -156.00 | -160.00 | -177.00 |
| Interest Capitalized - Non-Operating | -- | -- | -- | -- |
| Interest Expense, Net Non-Operating | -126.00 | -156.00 | -160.00 | -177.00 |
| Interest Income, Non-Operating | 6.00 | -- | -- | 3.00 |
| Investment Income, Non-Operating | -3.00 | 3.00 | -3.00 | -3.00 |
| Interest/Investment Income, Non-Operating | 3.00 | 3.00 | -3.00 | 0.00 |
| Interest Income (Expense), Net-Non-Operating, Total | -123.00 | -153.00 | -163.00 | -177.00 |
| Gain (Loss) on Sale of Assets | -- | -- | -- | -- |
| Other Non-Operating Income (Expense) | 0.00 | 145.00 | -2.00 | -5.00 |
| Other, Net | 0.00 | 145.00 | -2.00 | -5.00 |
| Net Income Before Taxes | 69.00 | -448.00 | -646.00 | -398.00 |
| Income Tax – Total | 1,149.00 | 39.00 | 14.00 | 5.00 |
| Income After Tax | -1,080.00 | -487.00 | -660.00 | -403.00 |
| Minority Interest | -- | -- | -- | -- |
| Equity In Affiliates | -7.00 | -10.00 | -- | -- |
| Net Income Before Extraordinary Items | -1,087.00 | -497.00 | -660.00 | -403.00 |
| Discontinued Operations | -- | -- | -- | -- |
| Extraordinary Item | 1,130.00 | -- | -- | -- |
| Total Extraordinary Items | 1,130.00 | -- | -- | -- |
| Net Income | 43.00 | -497.00 | -660.00 | -403.00 |
| Preferred Dividends | -- | -- | -- | -- |
| Total Adjustments to Net Income | -- | -- | -- | -- |
| Income Available to Common Excluding Extraordinary Items | -1,087.00 | -497.00 | -660.00 | -403.00 |
| Income Available to Common Stocks Including Extraordinary Items | 43.00 | -497.00 | -660.00 | -403.00 |
| Basic Weighted Average Shares | 952.00 | 835.00 | 783.00 | 768.00 |
| Basic EPS Excluding Extraordinary Items | -1.14 | -0.60 | -0.84 | -0.52 |
| Basic EPS Including Extraordinary Items | 0.05 | -0.60 | -0.84 | -0.52 |
| Dilution Adjustment | -- | -- | -- | -- |
| Diluted Net Income | 43.00 | -497.00 | -660.00 | -403.00 |
| Diluted Weighted Average Shares | 1,039.00 | 835.00 | 783.00 | 768.00 |
| Diluted EPS Excluding Extraordinary Items | -1.05 | -0.60 | -0.84 | -0.52 |
| Diluted EPS Including Extraordinary Items | 0.04 | -0.60 | -0.84 | -0.52 |
| DPS - Common Stock Primary Issue | -- | 0.00 | 0.00 | -- |
| Gross Dividends - Common Stock | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unusual Expense (Income), Supplemental | -- | -- | -- | -- |
| Non-Recurring Items, Total | -- | -- | -- | -- |
| Total Special Items | -40.00 | -30.00 | 129.00 | 365.00 |
| Normalized Income Before Taxes | 29.00 | -478.00 | -517.00 | -33.00 |
| Effect of Special Items on Income Taxes | -14.00 | -10.50 | 45.15 | 127.75 |
| Income Taxes Excluding Impact of Special Items | 1,135.00 | 28.50 | 59.15 | 132.75 |
| Normalized Income After Taxes | -1,106.00 | -506.50 | -576.15 | -165.75 |
| Normalized Income Available to Common | -1,113.00 | -516.50 | -576.15 | -165.75 |
| Basic Normalized EPS | -1.17 | -0.62 | -0.74 | -0.22 |
| Diluted Normalized EPS | -1.07 | -0.62 | -0.74 | -0.22 |
| Amortization of Intangibles, Supplemental | 0.00 | 0.00 | 3.00 | 14.00 |
| Depreciation, Supplemental | 144.00 | 133.00 | 164.00 | 189.00 |
| Interest Expense, Supplemental | 126.00 | 156.00 | 160.00 | 177.00 |
| Interest Capitalized, Supplemental | -- | -- | -- | -- |
| Rental Expense, Supplemental | 44.00 | 39.00 | 47.00 | 59.00 |
| Stock-Based Compensation, Supplemental | 97.00 | 86.00 | 63.00 | 81.00 |
| Advertising Expense, Supplemental | 156.00 | 131.00 | 154.00 | 194.00 |
| Equity in Affiliates, Supplemental | -7.00 | -10.00 | -- | -- |
| Minority Interest, Supplemental | -- | -- | -- | -- |
| Research & Development Expense, Supplemental | 1,167.00 | 1,009.00 | 937.00 | 1,075.00 |
| Audit-Related Fees, Supplemental | 4.94 | 4.45 | 4.27 | 4.25 |
| Audit-Related Fees | 0.05 | 0.53 | 0.47 | 0.14 |
| Tax Fees, Supplemental | 0.17 | 0.28 | 0.10 | 0.10 |
| All Other Fees Paid to Auditor, Supplemental | 0.00 | 0.00 | 0.02 | 0.01 |
| Gross Margin | 34.21 | 23.36 | 27.06 | 33.40 |
| Operating Margin | 3.60 | -10.30 | -12.05 | -3.92 |
| Pretax Margin | 1.29 | -10.49 | -16.19 | -7.23 |
| Effective Tax Rate | 1,665.22 | -- | -- | -- |
| Net Profit Margin | -20.40 | -11.63 | -16.54 | -7.32 |
| Normalized EBIT | 144.00 | -471.00 | -335.00 | 143.00 |
| Normalized EBITDA | 288.00 | -338.00 | -168.00 | 346.00 |
| Current Tax - Domestic | -3.00 | -2.00 | -1.00 | -1.00 |
| Current Tax - Foreign | 38.00 | 21.00 | 16.00 | 6.00 |
| Current Tax - Local | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Tax - Total | 35.00 | 19.00 | 15.00 | 5.00 |
| Deferred Tax - Domestic | 1,115.00 | -1.00 | 0.00 | 0.00 |
| Deferred Tax - Foreign | -1.00 | 21.00 | -1.00 | 0.00 |
| Deferred Tax - Local | -- | -- | -- | -- |
| Deferred Tax - Total | 1,114.00 | 20.00 | -1.00 | 0.00 |
| Income Tax - Total | 1,149.00 | 39.00 | 14.00 | 5.00 |
| Defined Contribution Expense - Domestic | 18.00 | 16.00 | 16.00 | 18.00 |
| Total Pension Expense | 18.00 | 16.00 | 16.00 | 18.00 |
In millions of USD (except for per share items)
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