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Income Statement

Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Update)
Net Sales 6,731.00 6,475.00 5,253.00 4,272.00
Revenue 6,731.00 6,475.00 5,253.00 4,272.00
Total Revenue 6,731.00 6,475.00 5,253.00 4,272.00
Cost of Revenue 3,863.00 4,028.00 3,466.00 3,274.00
Cost of Revenue, Total 3,863.00 4,028.00 3,466.00 3,274.00
Gross Profit 2,868.00 2,447.00 1,787.00 998.00
Selling/General/Administrative Expense 471.00 344.00 322.00 294.00
Labor & Related Expense 62.00 42.00 38.00 35.00
Advertising Expense 217.00 176.00 156.00 131.00
Selling/General/Administrative Expenses, Total 750.00 562.00 516.00 460.00
Research & Development 1,547.00 1,434.00 1,196.00 1,008.00
Amortization of Intangibles, Operating -- -- -- 0.00
Depreciation/Amortization -- -- -- 0.00
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Restructuring Charge -- 0.00 0.00 -10.00
Litigation -- -- -- --
Impairment-Assets Held for Use -- -- -- 0.00
Impairment-Assets Held for Sale -- -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- --
Other Unusual Expense (Income) 116.00 12.00 -40.00 -20.00
Unusual Expense (Income) 116.00 12.00 -40.00 -30.00
Total Operating Expense 6,276.00 6,036.00 5,138.00 4,712.00
Operating Income 455.00 439.00 115.00 -440.00
Interest Expense - Non-Operating -94.00 -121.00 -126.00 -156.00
Interest Capitalized - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -94.00 -121.00 -126.00 -156.00
Interest Income, Non-Operating 15.00 18.00 6.00 --
Investment Income, Non-Operating -1.00 -3.00 -3.00 3.00
Interest/Investment Income, Non-Operating 14.00 15.00 3.00 3.00
Interest Income (Expense), Net-Non-Operating, Total -80.00 -106.00 -123.00 -153.00
Gain (Loss) on Sale of Assets -- -- -- --
Other Non-Operating Income (Expense) -3.00 -3.00 0.00 145.00
Other, Net -3.00 -3.00 0.00 145.00
Net Income Before Taxes 372.00 330.00 -8.00 -448.00
Income Tax – Total 44.00 -22.00 1,148.00 39.00
Income After Tax 328.00 352.00 -1,156.00 -487.00
Minority Interest -- -- -- --
Equity In Affiliates 0.00 -2.00 -7.00 -10.00
Net Income Before Extraordinary Items 328.00 350.00 -1,163.00 -497.00
Discontinued Operations -- -- -- --
Extraordinary Item 13.00 -13.00 1,130.00 --
Total Extraordinary Items 13.00 -13.00 1,130.00 --
Net Income 341.00 337.00 -33.00 -497.00
Preferred Dividends -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items 328.00 350.00 -1,163.00 -497.00
Income Available to Common Stocks Including Extraordinary Items 341.00 337.00 -33.00 -497.00
Basic Weighted Average Shares 1,091.00 982.00 952.00 835.00
Basic EPS Excluding Extraordinary Items 0.30 0.36 -1.22 -0.60
Basic EPS Including Extraordinary Items 0.31 0.34 -0.03 -0.60
Dilution Adjustment -- -- -- --
Diluted Net Income 341.00 337.00 -33.00 -497.00
Diluted Weighted Average Shares 1,120.00 1,064.00 952.00 835.00
Diluted EPS Excluding Extraordinary Items 0.29 0.33 -1.22 -0.60
Diluted EPS Including Extraordinary Items 0.30 0.32 -0.03 -0.60
DPS - Common Stock Primary Issue -- -- -- 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Litigation Charge, Supplemental 12.00 -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total 12.00 -- -- --
Total Special Items 128.00 12.00 -40.00 -30.00
Normalized Income Before Taxes 500.00 342.00 -48.00 -478.00
Effect of Special Items on Income Taxes 15.14 4.20 -14.00 -10.50
Income Taxes Excluding Impact of Special Items 59.14 -17.80 1,134.00 28.50
Normalized Income After Taxes 440.86 359.80 -1,182.00 -506.50
Normalized Income Available to Common 440.86 357.80 -1,189.00 -516.50
Basic Normalized EPS 0.40 0.36 -1.25 -0.62
Diluted Normalized EPS 0.39 0.34 -1.25 -0.62
Amortization of Intangibles, Supplemental -- -- -- 0.00
Depreciation, Supplemental 222.00 170.00 144.00 133.00
Interest Expense, Supplemental 94.00 121.00 126.00 156.00
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 81.00 53.00 44.00 39.00
Stock-Based Compensation, Supplemental 197.00 137.00 97.00 86.00
Advertising Expense, Supplemental 217.00 176.00 156.00 131.00
Equity in Affiliates, Supplemental 0.00 -2.00 -7.00 -10.00
Minority Interest, Supplemental -- -- -- --
Research & Development Expense, Supplemental 1,547.00 1,434.00 1,196.00 1,008.00
Audit-Related Fees, Supplemental 4.97 4.91 -- 4.45
Audit-Related Fees 0.20 0.00 -- 0.53
Tax Fees, Supplemental 0.37 0.23 -- 0.28
All Other Fees Paid to Auditor, Supplemental 0.02 0.00 -- 0.00
Gross Margin 42.61 37.79 34.02 23.36
Operating Margin 6.76 6.78 2.19 -10.30
Pretax Margin 5.53 5.10 -0.15 -10.49
Effective Tax Rate 11.83 -6.67 -- --
Net Profit Margin 4.87 5.41 -22.14 -11.63
Normalized EBIT 583.00 451.00 75.00 -470.00
Normalized EBITDA 805.00 621.00 219.00 -337.00
Current Tax - Domestic -- -1.00 -3.00 -2.00
Current Tax - Foreign 50.00 -17.00 37.00 21.00
Current Tax - Local 1.00 0.00 0.00 0.00
Current Tax - Total 51.00 -18.00 34.00 19.00
Deferred Tax - Domestic 0.00 0.00 1,115.00 -1.00
Deferred Tax - Foreign -7.00 -4.00 -1.00 21.00
Deferred Tax - Local -- -- -- --
Deferred Tax - Total -7.00 -4.00 1,114.00 20.00
Income Tax - Total 44.00 -22.00 1,148.00 39.00
Defined Contribution Expense - Domestic 25.00 21.00 -- 16.00
Total Pension Expense 25.00 21.00 -- 16.00

In millions of USD (except for per share items)

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