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Income Statement

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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