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Income Statement

Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 6,475.00 5,253.00 4,272.00 3,991.00
Revenue 6,475.00 5,253.00 4,272.00 3,991.00
Total Revenue 6,475.00 5,253.00 4,272.00 3,991.00
Cost of Revenue 4,028.00 3,466.00 3,274.00 2,911.00
Cost of Revenue, Total 4,028.00 3,466.00 3,274.00 2,911.00
Gross Profit 2,447.00 1,787.00 998.00 1,080.00
Selling/General/Administrative Expense 343.00 323.00 425.00 451.00
Labor & Related Expense 42.00 38.00 35.00 24.00
Advertising Expense 176.00 156.00 -- --
Selling/General/Administrative Expenses, Total 561.00 517.00 460.00 475.00
Research & Development 1,430.00 1,203.00 1,009.00 937.00
Amortization of Intangibles, Operating -- -- 0.00 3.00
Depreciation/Amortization -- -- 0.00 3.00
Investment Income - Operating 5.00 -8.00 -1.00 17.00
Interest/Investment Income - Operating 5.00 -8.00 -1.00 17.00
Interest Expense (Income), Net-Operating, Total 5.00 -8.00 -1.00 17.00
Restructuring Charge 0.00 0.00 -10.00 129.00
Litigation -- -- -- 0.00
Impairment-Assets Held for Use -- -- 0.00 0.00
Impairment-Assets Held for Sale -- -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- --
Other Unusual Expense (Income) 12.00 -40.00 -20.00 0.00
Unusual Expense (Income) 12.00 -40.00 -30.00 129.00
Total Operating Expense 6,036.00 5,138.00 4,712.00 4,472.00
Operating Income 439.00 115.00 -440.00 -481.00
Interest Expense - Non-Operating -121.00 -126.00 -156.00 -160.00
Interest Capitalized - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -121.00 -126.00 -156.00 -160.00
Interest Income, Non-Operating 18.00 6.00 -- --
Investment Income, Non-Operating -3.00 -3.00 3.00 -3.00
Interest/Investment Income, Non-Operating 15.00 3.00 3.00 -3.00
Interest Income (Expense), Net-Non-Operating, Total -106.00 -123.00 -153.00 -163.00
Gain (Loss) on Sale of Assets -- -- -- --
Other Non-Operating Income (Expense) -3.00 0.00 145.00 -2.00
Other, Net -3.00 0.00 145.00 -2.00
Net Income Before Taxes 330.00 -8.00 -448.00 -646.00
Income Tax – Total -22.00 1,148.00 39.00 14.00
Income After Tax 352.00 -1,156.00 -487.00 -660.00
Minority Interest -- -- -- --
Equity In Affiliates -2.00 -7.00 -10.00 --
Net Income Before Extraordinary Items 350.00 -1,163.00 -497.00 -660.00
Discontinued Operations -- -- -- --
Extraordinary Item -13.00 1,130.00 -- --
Total Extraordinary Items -13.00 1,130.00 -- --
Net Income 337.00 -33.00 -497.00 -660.00
Preferred Dividends -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items 350.00 -1,163.00 -497.00 -660.00
Income Available to Common Stocks Including Extraordinary Items 337.00 -33.00 -497.00 -660.00
Basic Weighted Average Shares 982.00 952.00 835.00 783.00
Basic EPS Excluding Extraordinary Items 0.36 -1.22 -0.60 -0.84
Basic EPS Including Extraordinary Items 0.34 -0.03 -0.60 -0.84
Dilution Adjustment -- -- -- --
Diluted Net Income 337.00 -33.00 -497.00 -660.00
Diluted Weighted Average Shares 1,064.00 952.00 835.00 783.00
Diluted EPS Excluding Extraordinary Items 0.33 -1.22 -0.60 -0.84
Diluted EPS Including Extraordinary Items 0.32 -0.03 -0.60 -0.84
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 12.00 -40.00 -30.00 129.00
Normalized Income Before Taxes 342.00 -48.00 -478.00 -517.00
Effect of Special Items on Income Taxes 4.20 -14.00 -10.50 45.15
Income Taxes Excluding Impact of Special Items -17.80 1,134.00 28.50 59.15
Normalized Income After Taxes 359.80 -1,182.00 -506.50 -576.15
Normalized Income Available to Common 357.80 -1,189.00 -516.50 -576.15
Basic Normalized EPS 0.36 -1.25 -0.62 -0.74
Diluted Normalized EPS 0.34 -1.25 -0.62 -0.74
Amortization of Intangibles, Supplemental -- -- 0.00 3.00
Depreciation, Supplemental 170.00 144.00 133.00 164.00
Interest Expense, Supplemental 121.00 126.00 156.00 160.00
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 53.00 44.00 39.00 47.00
Stock-Based Compensation, Supplemental 137.00 97.00 86.00 63.00
Advertising Expense, Supplemental 176.00 156.00 131.00 154.00
Equity in Affiliates, Supplemental -2.00 -7.00 -10.00 --
Minority Interest, Supplemental -- -- -- --
Research & Development Expense, Supplemental 1,430.00 1,203.00 1,009.00 937.00
Audit-Related Fees, Supplemental -- -- 4.45 4.27
Audit-Related Fees -- -- 0.53 0.47
Tax Fees, Supplemental -- -- 0.28 0.10
All Other Fees Paid to Auditor, Supplemental -- -- 0.00 0.02
Gross Margin 37.79 34.02 23.36 27.06
Operating Margin 6.78 2.19 -10.30 -12.05
Pretax Margin 5.10 -0.15 -10.49 -16.19
Effective Tax Rate -6.67 -- -- --
Net Profit Margin 5.41 -22.14 -11.63 -16.54
Normalized EBIT 456.00 67.00 -471.00 -335.00
Normalized EBITDA 626.00 211.00 -338.00 -168.00
Current Tax - Domestic -1.00 -3.00 -2.00 -1.00
Current Tax - Foreign -17.00 37.00 21.00 16.00
Current Tax - Local 0.00 0.00 0.00 0.00
Current Tax - Total -18.00 34.00 19.00 15.00
Deferred Tax - Domestic 0.00 1,115.00 -1.00 0.00
Deferred Tax - Foreign -4.00 -1.00 21.00 -1.00
Deferred Tax - Local -- -- -- --
Deferred Tax - Total -4.00 1,114.00 20.00 -1.00
Income Tax - Total -22.00 1,148.00 39.00 14.00
Defined Contribution Expense - Domestic 21.00 -- 16.00 16.00
Total Pension Expense 21.00 -- 16.00 16.00

In millions of USD (except for per share items)

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