Financial Statements

Income Statement

  Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated) Year Ending Dec 2013 (Restated)
Net Sales 2.95M 3.58M 3.39M 3.31M
Revenue 2.95M 3.58M 3.39M 3.31M
Total Revenue 2.95M 3.58M 3.39M 3.31M
Cost of Revenue 2.25M 2.66M 2.57M 2.44M
Cost of Revenue, Total 2.25M 2.66M 2.57M 2.44M
Gross Profit 703.98 919.27 824.94 864.63
Selling/General/Administrative Expense 245.19 241.93 231.29 241.32
Labor & Related Expense 17.83 30.08 27.68 31.71
Selling/General/Administrative Expenses, Total 263.02 272.01 258.97 273.03
Research & Development 124.76 130.59 143.97 134.30
Restructuring Charge 818.79 -- -- 86.90
Impairment-Assets Held for Use -- -- -- --
Other Unusual Expense (Income) -- -- -- --
Unusual Expense (Income) 818.79 -- -- 86.90
Other Operating Expense -- -- -- --
Other Operating Expenses, Total -- -- -- --
Total Operating Expense 3.45M 3.06M 2.97M 2.94M
Operating Income -502.59 516.66 422.00 370.41
Interest Expense - Non-Operating -26.16 -19.37 -10.83 -11.70
Interest Capitalized - Non-Operating 5.62 12.39 8.85 9.82
Interest Expense, Net Non-Operating -20.54 -6.98 -1.98 -1.88
Interest Income, Non-Operating 25.19 22.52 18.03 16.75
Investment Income, Non-Operating -14.01 -6.87 -1.46 0.89
Interest/Investment Income, Non-Operating 11.19 15.65 16.57 17.65
Interest Income (Expense), Net-Non-Operating, Total -9.35 8.67 14.59 15.76
Other Non-Operating Income (Expense) 40.25 -5.50 -4.49 -5.19
Other, Net 40.25 -5.50 -4.49 -5.19
Net Income Before Taxes -471.69 519.84 432.10 380.98
Income Tax – Total 58.22 -6.16 31.19 30.10
Income After Tax -529.91 525.99 400.91 350.88
Equity In Affiliates 171.95 20.43 -4.95 -0.16
Net Income Before Extraordinary Items -357.96 546.42 395.96 350.72
Accounting Change -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income -357.96 546.42 395.96 350.72
Income Available to Common Excluding Extraordinary Items -357.96 546.42 395.96 350.72
Income Available to Common Stocks Including Extraordinary Items -357.96 546.42 395.96 350.72
Basic Weighted Average Shares 102.87 100.89 100.05 93.70
Basic EPS Excluding Extraordinary Items -3.48 5.42 3.96 3.74
Basic EPS Including Extraordinary Items -3.48 5.42 3.96 3.74
Dilution Adjustment -- -- -- --
Diluted Net Income -357.96 546.42 395.96 350.72
Diluted Weighted Average Shares 102.87 101.82 101.64 95.47
Diluted EPS Excluding Extraordinary Items -3.48 5.37 3.90 3.67
Diluted EPS Including Extraordinary Items -3.48 5.37 3.90 3.67
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock -- -- -- --
Stock-Based Compensation, Supplemental 28.71 44.90 43.81 54.59
Interest Expense, Supplemental 20.54 6.98 1.98 1.88
Interest Capitalized, Supplemental -5.62 -12.39 -8.85 -9.82
Depreciation, Supplemental 220.84 248.63 246.40 237.90
Total Special Items 818.79 -- -- 86.90
Normalized Income Before Taxes 347.10 519.84 432.10 467.88
Effect of Special Items on Income Taxes 286.58 -- -- 6.86
Income Taxes Excluding Impact of Special Items 344.80 -6.16 31.19 36.96
Normalized Income After Taxes 2.31 525.99 400.91 430.91
Normalized Income Available to Common 174.25 546.42 395.96 430.75
Basic Normalized EPS 1.69 5.42 3.96 4.60
Diluted Normalized EPS 1.69 5.37 3.90 4.51
Amortization of Intangibles, Supplemental 10.10 9.20 1.20 0.90
Rental Expense, Supplemental 24.50 22.50 18.00 14.40
Advertising Expense, Supplemental -- -- -- --
Equity in Affiliates, Supplemental 171.95 20.43 -4.95 -0.16
Research & Development Expense, Supplemental 124.76 130.59 143.97 134.30
Audit-Related Fees, Supplemental 2.98 3.21 3.25 --
Audit-Related Fees 0.66 0.67 0.76 --
Tax Fees, Supplemental 0.29 0.18 0.14 --
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.17 --
Gross Margin 23.85 25.69 24.33 26.12
Operating Margin -17.03 14.44 12.44 11.19
Pretax Margin -15.98 14.52 12.74 11.51
Effective Tax Rate -- -1.18 7.22 7.90
Net Profit Margin -12.13 15.27 11.68 10.60
Normalized EBIT 316.20 516.66 422.00 457.30
Normalized EBITDA 547.14 774.49 669.60 696.10
Current Tax - Domestic -7.69 20.21 15.49 44.52
Current Tax - Foreign -29.01 23.22 8.12 5.62
Current Tax - Local 1.88 4.17 1.70 0.84
Current Tax - Total -34.82 47.60 25.31 50.98
Deferred Tax - Domestic 115.91 -0.72 2.93 -12.02
Deferred Tax - Foreign -15.52 -56.15 -2.19 -11.09
Deferred Tax - Local -7.34 3.12 5.13 2.23
Deferred Tax - Total 93.04 -53.75 5.87 -20.88
Income Tax - Total 58.22 -6.16 31.19 30.10
Defined Contribution Expense - Domestic 8.20 7.40 -- --
Defined Contribution Expense - Foreign 0.90 0.90 -- --
Total Pension Expense 9.10 8.30 -- --

In millions of USD (except for per share items)

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