Fundamentals - Annual Income Statement

Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 1,492.64 1,248.58 1,012.49 854.64 817.65
Revenue 1,492.64 1,248.58 1,012.49 854.64 817.65
Total Revenue 1,492.64 1,248.58 1,012.49 854.64 817.65
Cost of Revenue 509.52 489.29 446.42 396.23 352.83
Cost of Revenue, Total 509.52 489.29 446.42 396.23 352.83
Gross Profit 983.12 759.29 566.07 458.40 464.82
Selling/General/Administrative Expense 436.05 346.99 297.18 83.33 67.38
Labor & Related Expense -- -- -- -- --
Advertising Expense -- -- -- 12.89 11.81
Selling/General/Administrative Expenses, Total 436.05 346.99 297.18 96.22 79.19
Depreciation 119.87 129.66 78.77 83.08 70.38
Depreciation/Amortization 119.87 129.66 78.77 83.08 70.38
Interest Expense - Operating 38.41 24.99 12.39 5.63 6.44
Interest Expense, Net - Operating 38.41 24.99 12.39 5.63 6.44
Interest Expense (Income), Net-Operating, Total 38.41 24.99 12.39 5.63 6.44
Restructuring Charge -- -- -- 9.01 --
Impairment-Assets Held for Use 5.65 44.17 0.00 -- --
Other Unusual Expense (Income) 2.50 -19.96 19.20 -1.22 -27.49
Unusual Expense (Income) 8.15 24.21 19.20 7.80 -27.49
Other, Net -- -- -- 36.89 30.06
Other Operating Expenses, Total -- -- -- 36.89 30.06
Total Operating Expense 1,112.00 1,015.15 853.96 625.84 511.41
Operating Income 380.64 233.42 158.53 228.79 306.24
Interest Expense - Non-Operating -98.86 -108.38 -126.33 -46.19 -36.04
Interest Expense, Net Non-Operating -98.86 -108.38 -126.33 -46.19 -36.04
Investment Income, Non-Operating -42.38 34.12 17.29 0.16 32.77
Interest/Investment Income, Non-Operating -42.38 34.12 17.29 0.16 32.77
Interest Income (Expense), Net-Non-Operating, Total -141.24 -74.27 -109.03 -46.03 -3.27
Other Non-Operating Income (Expense) -0.78 15.26 -0.56 2.15 -1.33
Other, Net -0.78 15.26 -0.56 2.15 -1.33
Net Income Before Taxes 238.62 174.42 48.93 184.91 301.64
Income Tax – Total 68.84 76.05 28.59 75.30 101.62
Income After Tax 169.78 98.37 20.34 109.61 200.02
Minority Interest -1.48 1.10 3.16 -7.71 2.19
Net Income Before Extraordinary Items 168.30 99.46 23.50 101.90 202.21
Extraordinary Item -- 60.60 -- -- --
Total Extraordinary Items -- 60.60 -- -- --
Net Income 168.30 160.06 23.50 101.90 202.21
Income Available to Common Excluding Extraordinary Items 168.30 99.46 23.50 101.90 202.21
Income Available to Common Stocks Including Extraordinary Items 168.30 160.06 23.50 101.90 202.21
Basic Weighted Average Shares 43.16 42.98 40.81 38.77 38.89
Basic EPS Excluding Extraordinary Items 3.90 2.31 0.58 2.63 5.20
Basic EPS Including Extraordinary Items 3.90 3.72 0.58 2.63 5.20
Dilution Adjustment -- -- -- -- --
Diluted Net Income 168.30 160.06 23.50 101.90 202.21
Diluted Weighted Average Shares 43.57 43.11 40.91 38.84 39.00
Diluted EPS Excluding Extraordinary Items 3.86 2.31 0.57 2.62 5.18
Diluted EPS Including Extraordinary Items 3.86 3.71 0.57 2.62 5.18
DPS - Common Stock Primary Issue -- -- -- 0.00 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 13.72 11.13 -- -- --
Other Unusual Expense (Income), Supplemental 8.57 7.56 -- -- --
Non-Recurring Items, Total 22.29 18.69 -- -- --
Total Special Items 30.43 42.91 19.20 7.80 -27.49
Normalized Income Before Taxes 269.05 217.32 68.13 192.70 274.15
Effect of Special Items on Income Taxes 8.78 18.71 11.22 3.17 -9.26
Income Taxes Excluding Impact of Special Items 77.62 94.76 39.81 78.47 92.36
Normalized Income After Taxes 191.43 122.56 28.32 114.23 181.79
Normalized Income Available to Common 189.95 123.66 31.48 106.52 183.98
Basic Normalized EPS 4.40 2.88 0.77 2.75 4.73
Diluted Normalized EPS 4.36 2.87 0.77 2.74 4.72
Amortization of Intangibles, Supplemental 138.19 153.81 97.80 -- --
Depreciation, Supplemental 61.62 49.91 43.85 86.17 73.02
Interest Expense, Supplemental 137.27 133.37 138.71 51.82 42.48
Rental Expense, Supplemental 15.70 15.50 15.10 11.31 8.84
Stock-Based Compensation, Supplemental 33.89 30.49 19.74 12.42 --
Advertising Expense, Supplemental 16.30 17.10 14.90 12.89 11.81
Minority Interest, Supplemental -1.48 1.10 3.16 -7.71 2.19
Audit-Related Fees, Supplemental -- -- -- 3.39 2.70
Audit-Related Fees -- -- -- 0.30 0.27
Tax Fees, Supplemental -- -- -- 0.06 0.83
All Other Fees Paid to Auditor, Supplemental -- -- -- 0.03 0.30
Gross Margin 65.86 60.81 55.91 53.64 56.85
Operating Margin 25.50 18.70 15.66 26.77 37.45
Pretax Margin 15.99 13.97 4.83 21.64 36.89
Effective Tax Rate 28.85 43.60 58.43 40.72 33.69
Net Profit Margin 11.28 7.97 2.32 11.92 24.73
Normalized EBIT 449.48 301.32 190.11 242.22 285.19
Normalized EBITDA 649.28 505.05 331.76 328.39 358.21
Current Tax - Domestic 16.03 2.25 -1.23 22.57 43.57
Current Tax - Foreign 17.92 13.74 7.29 9.17 8.01
Current Tax - Local 3.57 3.69 3.03 4.29 3.33
Current Tax - Total 37.51 19.68 9.09 36.03 54.90
Deferred Tax - Domestic 29.52 48.85 21.57 37.55 51.58
Deferred Tax - Foreign -6.20 -3.33 3.04 -3.92 -8.84
Deferred Tax - Local 8.02 10.84 -5.11 5.63 3.98
Deferred Tax - Total 31.33 56.37 19.50 39.27 46.72
Income Tax - Total 68.84 76.05 28.59 75.30 101.62
Defined Contribution Expense - Domestic 8.00 -- -- 4.57 3.50
Total Pension Expense 8.00 -- -- 4.57 3.50