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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