Fundamentals - Annual Income Statement

Annual Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Update)
Net Sales 1,723.69 1,492.64 1,248.58 1,012.49 854.64
Revenue 1,723.69 1,492.64 1,248.58 1,012.49 854.64
Total Revenue 1,723.69 1,492.64 1,248.58 1,012.49 854.64
Cost of Revenue 617.86 509.52 489.29 446.42 396.23
Cost of Revenue, Total 617.86 509.52 489.29 446.42 396.23
Gross Profit 1,105.84 983.12 759.29 566.07 458.40
Selling/General/Administrative Expense 530.88 436.05 346.99 297.18 83.33
Labor & Related Expense -- -- -- -- --
Advertising Expense -- -- -- -- 12.89
Selling/General/Administrative Expenses, Total 530.88 436.05 346.99 297.18 96.22
Depreciation 142.40 119.87 129.66 78.77 83.08
Depreciation/Amortization 142.40 119.87 129.66 78.77 83.08
Interest Expense - Operating 41.92 38.41 24.99 12.39 5.63
Interest Expense, Net - Operating 41.92 38.41 24.99 12.39 5.63
Interest Expense (Income), Net-Operating, Total 41.92 38.41 24.99 12.39 5.63
Restructuring Charge -- -- -- -- 9.01
Impairment-Assets Held for Use 0.00 5.65 44.17 0.00 --
Other Unusual Expense (Income) 4.80 2.50 -19.96 19.20 -1.22
Unusual Expense (Income) 4.80 8.15 24.21 19.20 7.80
Other, Net -- -- -- -- 36.89
Other Operating Expenses, Total -- -- -- -- 36.89
Total Operating Expense 1,337.85 1,112.00 1,015.15 853.96 625.84
Operating Income 385.84 380.64 233.42 158.53 228.79
Interest Expense - Non-Operating -129.27 -98.86 -108.38 -126.33 -46.19
Interest Expense, Net Non-Operating -129.27 -98.86 -108.38 -126.33 -46.19
Investment Income, Non-Operating -40.99 -42.38 34.12 17.29 0.16
Interest/Investment Income, Non-Operating -40.99 -42.38 34.12 17.29 0.16
Interest Income (Expense), Net-Non-Operating, Total -170.26 -141.24 -74.27 -109.03 -46.03
Other Non-Operating Income (Expense) 0.93 -0.78 15.26 -0.56 2.15
Other, Net 0.93 -0.78 15.26 -0.56 2.15
Net Income Before Taxes 216.52 238.62 174.42 48.93 184.91
Income Tax – Total 61.22 68.84 76.05 28.59 75.30
Income After Tax 155.29 169.78 98.37 20.34 109.61
Minority Interest -56.29 -1.48 1.10 3.16 -7.71
Net Income Before Extraordinary Items 99.01 168.30 99.46 23.50 101.90
Extraordinary Item -- -- 60.60 -- --
Total Extraordinary Items -- -- 60.60 -- --
Net Income 99.01 168.30 160.06 23.50 101.90
Income Available to Common Excluding Extraordinary Items 99.01 168.30 99.46 23.50 101.90
Income Available to Common Stocks Including Extraordinary Items 99.01 168.30 160.06 23.50 101.90
Basic Weighted Average Shares 43.32 43.16 42.98 40.81 38.77
Basic EPS Excluding Extraordinary Items 2.29 3.90 2.31 0.58 2.63
Basic EPS Including Extraordinary Items 2.29 3.90 3.72 0.58 2.63
Dilution Adjustment -- -- -- -- --
Diluted Net Income 99.01 168.30 160.06 23.50 101.90
Diluted Weighted Average Shares 43.77 43.57 43.11 40.91 38.84
Diluted EPS Excluding Extraordinary Items 2.26 3.86 2.31 0.57 2.62
Diluted EPS Including Extraordinary Items 2.26 3.86 3.71 0.57 2.62
DPS - Common Stock Primary Issue -- -- -- -- 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Impairment-Assets Held for Sale, Supplemental -- -- -- -- --
Impairment-Assets Held for Use, Supplemental -- -- -- -- --
Restructuring Charge, Supplemental 25.11 13.72 11.13 -- --
Other Unusual Expense (Income), Supplemental 58.68 8.57 7.56 -- --
Non-Recurring Items, Total 83.79 22.29 18.69 -- --
Total Special Items 88.59 30.43 42.91 19.20 7.80
Normalized Income Before Taxes 305.10 269.05 217.32 68.13 192.70
Effect of Special Items on Income Taxes 25.05 8.78 18.71 11.22 3.17
Income Taxes Excluding Impact of Special Items 86.27 77.62 94.76 39.81 78.47
Normalized Income After Taxes 218.83 191.43 122.56 28.32 114.23
Normalized Income Available to Common 162.54 189.95 123.66 31.48 106.52
Basic Normalized EPS 3.75 4.40 2.88 0.77 2.75
Diluted Normalized EPS 3.71 4.36 2.87 0.77 2.74
Amortization of Intangibles, Supplemental 159.43 138.19 153.81 97.80 --
Depreciation, Supplemental 77.70 61.62 49.91 43.85 86.17
Interest Expense, Supplemental 171.18 137.27 133.37 138.71 51.82
Rental Expense, Supplemental 18.30 15.70 15.50 15.10 11.31
Stock-Based Compensation, Supplemental 45.81 33.89 30.49 19.74 12.42
Advertising Expense, Supplemental 17.90 16.30 17.10 14.90 12.89
Minority Interest, Supplemental -56.29 -1.48 1.10 3.16 -7.71
Audit-Related Fees, Supplemental -- 5.92 6.11 -- 3.39
Audit-Related Fees -- 0.06 0.28 -- 0.30
Tax Fees, Supplemental -- 0.45 0.03 -- 0.06
All Other Fees Paid to Auditor, Supplemental -- -- -- -- 0.03
Gross Margin 64.16 65.86 60.81 55.91 53.64
Operating Margin 22.38 25.50 18.70 15.66 26.77
Pretax Margin 12.56 15.99 13.97 4.83 21.64
Effective Tax Rate 28.28 28.85 43.60 58.43 40.72
Net Profit Margin 5.74 11.28 7.97 2.32 11.92
Normalized EBIT 516.34 449.48 301.32 190.11 242.22
Normalized EBITDA 753.47 649.28 505.05 331.76 328.39
Current Tax - Domestic 20.75 16.03 2.25 -1.23 22.57
Current Tax - Foreign 16.32 17.92 13.74 7.29 9.17
Current Tax - Local 4.49 3.57 3.69 3.03 4.29
Current Tax - Total 41.56 37.51 19.68 9.09 36.03
Deferred Tax - Domestic 19.95 29.52 48.85 21.57 37.55
Deferred Tax - Foreign -4.11 -6.20 -3.33 3.04 -3.92
Deferred Tax - Local 3.83 8.02 10.84 -5.11 5.63
Deferred Tax - Total 19.67 31.33 56.37 19.50 39.27
Income Tax - Total 61.22 68.84 76.05 28.59 75.30
Defined Contribution Expense - Domestic 10.00 8.00 -- -- 4.57
Total Pension Expense 10.00 8.00 -- -- 4.57