Financial Statements

Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Restated)
Net Sales 2.94M 2.90M 4.11M 3.39M
Revenue 2.94M 2.90M 4.11M 3.39M
Total Revenue 2.94M 2.90M 4.11M 3.39M
Cost of Revenue 2.39M 2.27M 2.98M 2.57M
Cost of Revenue, Total 2.39M 2.27M 2.98M 2.57M
Gross Profit 548.95 638.42 1.13M 824.94
Selling/General/Administrative Expense 222.77 245.19 241.93 231.29
Labor & Related Expense 22.57 17.83 30.08 27.68
Selling/General/Administrative Expenses, Total 245.34 263.02 272.01 258.97
Research & Development 88.57 124.76 130.59 143.97
Restructuring Charge 37.18 743.86 -- --
Impairment-Assets Held for Use -- 74.93 --
Other Unusual Expense (Income)
Unusual Expense (Income) 37.18 818.79 -- --
Other Operating Expense
Other Operating Expenses, Total
Total Operating Expense 2.76M 3.47M 3.38M 2.97M
Operating Income 177.85 -568.15 730.16 422.00
Interest Expense - Non-Operating -27.46 -26.16 -19.37 -10.83
Interest Capitalized - Non-Operating 1.69 5.62 12.39 8.85
Interest Expense, Net Non-Operating -25.77 -20.54 -6.98 -1.98
Interest Income, Non-Operating 35.70 25.19 22.52 18.03
Investment Income, Non-Operating -8.74 -14.01 -6.87 -1.46
Interest/Investment Income, Non-Operating 26.96 11.19 15.65 16.57
Interest Income (Expense), Net-Non-Operating, Total 1.20 -9.35 8.67 14.59
Other Non-Operating Income (Expense) 23.07 40.25 -5.50 -4.49
Other, Net 23.07 40.25 -5.50 -4.49
Net Income Before Taxes 202.12 -537.25 733.33 432.10
Income Tax – Total -36.09 23.17 32.33 31.19
Income After Tax 238.21 -560.42 701.00 400.91
Equity In Affiliates 4.27 144.31 -107.60 -4.95
Net Income Before Extraordinary Items 242.48 -416.11 593.41 395.96
Extraordinary Item -408.09
Total Extraordinary Items -408.09
Net Income -165.62 -416.11 593.41 395.96
Income Available to Common Excluding Extraordinary Items 242.48 -416.11 593.41 395.96
Income Available to Common Stocks Including Extraordinary Items -165.62 -416.11 593.41 395.96
Basic Weighted Average Shares 104.33 102.87 100.89 100.05
Basic EPS Excluding Extraordinary Items 2.32 -4.05 5.88 3.96
Basic EPS Including Extraordinary Items -1.59 -4.05 5.88 3.96
Dilution Adjustment
Diluted Net Income -165.62 -416.11 593.41 395.96
Diluted Weighted Average Shares 104.33 102.87 101.82 101.64
Diluted EPS Excluding Extraordinary Items 2.32 -4.05 5.83 3.90
Diluted EPS Including Extraordinary Items -1.59 -4.05 5.83 3.90
DPS - Common Stock Primary Issue -- --
Gross Dividends - Common Stock -- -- -- --
Total Special Items 37.18 818.79 -- --
Normalized Income Before Taxes 239.30 281.54 733.33 432.10
Effect of Special Items on Income Taxes 13.01 286.58 -- --
Income Taxes Excluding Impact of Special Items -23.08 309.74 32.33 31.19
Normalized Income After Taxes 262.38 -28.20 701.00 400.91
Normalized Income Available to Common 266.64 116.10 593.41 395.96
Basic Normalized EPS 2.56 1.13 5.88 3.96
Diluted Normalized EPS 2.56 1.13 5.83 3.90
Amortization of Intangibles, Supplemental 8.30 10.10 9.20 1.20
Depreciation, Supplemental 107.01 220.84 248.63 246.40
Interest Expense, Supplemental 25.77 20.54 6.98 1.98
Interest Capitalized, Supplemental -1.69 -5.62 -12.39 -8.85
Rental Expense, Supplemental 22.10 24.50 22.50 18.00
Stock-Based Compensation, Supplemental 35.12 28.71 44.90 43.81
Advertising Expense, Supplemental
Equity in Affiliates, Supplemental 4.27 144.31 -107.60 -4.95
Research & Development Expense, Supplemental 88.57 124.76 130.59 143.97
Audit-Related Fees, Supplemental 3.06 2.98 3.25
Audit-Related Fees 0.20 0.66 0.76
Tax Fees, Supplemental 0.53 0.29 0.14
All Other Fees Paid to Auditor, Supplemental 0.06 0.00 0.17
Gross Margin 18.66 21.98 27.54 24.33
Operating Margin 6.05 -19.56 17.75 12.44
Pretax Margin 6.87 -18.50 17.83 12.74
Effective Tax Rate -17.86 4.41 7.22
Net Profit Margin 8.24 -14.33 14.43 11.68
Normalized EBIT 215.03 250.64 730.16 422.00
Normalized EBITDA 330.35 481.58 987.98 669.60
Current Tax - Domestic 116.96 -14.39 31.99 15.49
Current Tax - Foreign 11.10 -29.01 23.22 8.12
Current Tax - Local 3.01 1.30 6.64 1.70
Current Tax - Total 131.06 -42.10 61.85 25.31
Deferred Tax - Domestic -181.52 90.32 20.73 2.93
Deferred Tax - Foreign 9.03 -15.52 -56.15 -2.19
Deferred Tax - Local 5.34 -9.54 5.90 5.13
Deferred Tax - Total -167.16 65.26 -29.52 5.87
Income Tax - Total -36.09 23.17 32.33 31.19
Defined Contribution Expense - Domestic
Defined Contribution Expense - Foreign
Total Pension Expense

In millions of USD (except for per share items)

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