Fundamentals - Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 1,941.20 1,948.80 1,557.10 1,510.40 1,689.20
Revenue 1,941.20 1,948.80 1,557.10 1,510.40 1,689.20
Total Revenue 1,941.20 1,948.80 1,557.10 1,510.40 1,689.20
Cost of Revenue 1,313.40 1,291.50 1,042.20 1,032.00 1,159.30
Cost of Revenue, Total 1,313.40 1,291.50 1,042.20 1,032.00 1,159.30
Gross Profit 627.80 657.30 514.90 478.40 529.90
Selling/General/Administrative Expense 359.80 375.00 288.40 259.70 292.70
Labor & Related Expense 8.80 17.00 19.40 16.00 15.70
Selling/General/Administrative Expenses, Total 368.60 392.00 307.80 275.70 308.40
Research & Development 23.80 23.50 21.00 20.00 20.20
Amortization of Intangibles, Operating 36.70 35.60 21.60 19.60 22.20
Depreciation/Amortization 36.70 35.60 21.60 19.60 22.20
Restructuring Charge 11.70 21.70 5.40 -0.40 5.50
Impairment-Assets Held for Use -- -- -- -- --
Unusual Expense (Income) 11.70 21.70 5.40 -0.40 5.50
Total Operating Expense 1,754.20 1,764.30 1,398.00 1,346.90 1,515.60
Operating Income 187.00 184.50 159.10 163.50 173.60
Interest Expense - Non-Operating -41.20 -41.10 -49.30 -44.50 -49.50
Interest Expense, Net Non-Operating -41.20 -41.10 -49.30 -44.50 -49.50
Interest Income, Non-Operating 4.40 5.80 6.40 6.60 5.60
Investment Income, Non-Operating -0.70 1.50 4.10 8.40 6.80
Interest/Investment Income, Non-Operating 3.70 7.30 10.50 15.00 12.40
Interest Income (Expense), Net Non-Operating -- -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -37.50 -33.80 -38.80 -29.50 -37.10
Other Non-Operating Income (Expense) 8.40 7.40 4.80 -2.60 0.50
Other, Net 8.40 7.40 4.80 -2.60 0.50
Net Income Before Taxes 157.90 158.10 125.10 131.40 137.00
Income Tax – Total 48.10 52.10 29.60 45.50 45.40
Income After Tax 109.80 106.00 95.50 85.90 91.60
Net Income Before Extraordinary Items 109.80 106.00 95.50 85.90 91.60
Discontinued Operations -- -- -- 0.00 0.00
Extraordinary Item -3.10 25.70 -- -- --
Total Extraordinary Items -3.10 25.70 -- 0.00 0.00
Net Income 106.70 131.70 95.50 85.90 91.60
Income Available to Common Excluding Extraordinary Items 109.80 106.00 95.50 85.90 91.60
Income Available to Common Stocks Including Extraordinary Items 106.70 131.70 95.50 85.90 91.60
Basic Weighted Average Shares 104.80 108.10 107.00 108.80 113.70
Basic EPS Excluding Extraordinary Items 1.05 0.98 0.89 0.79 0.81
Basic EPS Including Extraordinary Items 1.02 1.22 0.89 0.79 0.81
Dilution Adjustment -- -- -- 0.37 --
Diluted Net Income 106.70 131.70 95.50 86.27 91.60
Diluted Weighted Average Shares 107.00 110.90 109.20 110.60 116.30
Diluted EPS Excluding Extraordinary Items 1.03 0.96 0.87 0.78 0.79
Diluted EPS Including Extraordinary Items 1.00 1.19 0.87 0.78 0.79
DPS - Common Stock Primary Issue 0.24 -- -- 0.00 0.00
Gross Dividends - Common Stock 25.10 0.00 0.00 0.00 0.00
Total Special Items 11.70 21.70 5.40 -0.40 5.50
Normalized Income Before Taxes 169.60 179.80 130.50 131.00 142.50
Effect of Special Items on Income Taxes 3.56 7.15 1.28 -0.14 1.82
Income Taxes Excluding Impact of Special Items 51.66 59.25 30.88 45.36 47.22
Normalized Income After Taxes 117.94 120.55 99.62 85.64 95.28
Normalized Income Available to Common 117.94 120.55 99.62 85.64 95.28
Basic Normalized EPS 1.13 1.12 0.93 0.79 0.84
Diluted Normalized EPS 1.10 1.09 0.91 0.78 0.82
Amortization of Intangibles, Supplemental 36.70 35.60 21.60 19.60 22.20
Depreciation, Supplemental 34.00 35.60 30.40 32.40 35.30
Interest Expense, Supplemental 41.20 41.10 49.30 44.50 49.50
Rental Expense, Supplemental 33.00 30.90 24.20 21.20 23.10
Stock-Based Compensation, Supplemental 9.50 17.00 19.40 16.00 15.70
Advertising Expense, Supplemental 105.50 114.80 110.10 120.90 130.80
Equity in Affiliates, Supplemental 0.00 0.00 2.10 7.90 8.10
Research & Development Expense, Supplemental 23.80 23.50 21.00 20.00 20.20
Audit-Related Fees, Supplemental 3.93 5.62 2.88 2.29 2.33
Audit-Related Fees 0.09 0.01 0.11 0.00 0.00
Tax Fees, Supplemental 0.26 0.39 0.20 0.17 0.20
All Other Fees Paid to Auditor, Supplemental 0.02 0.04 0.43 0.26 0.02
Gross Margin 32.34 33.73 33.07 31.67 31.37
Operating Margin 9.63 9.47 10.22 10.82 10.28
Pretax Margin 8.13 8.11 8.03 8.70 8.11
Effective Tax Rate 30.46 32.95 23.66 34.63 33.14
Net Profit Margin 5.66 5.44 6.13 5.69 5.42
Normalized EBIT 198.70 206.20 164.50 163.10 179.10
Normalized EBITDA 269.40 277.40 216.50 215.10 236.60
Current Tax - Domestic 2.70 41.10 0.70 22.80 15.40
Current Tax - Foreign 25.80 6.50 22.90 4.60 5.20
Current Tax - Total 28.50 47.60 23.60 27.40 20.60
Deferred Tax - Domestic 8.00 2.30 3.50 2.10 1.60
Deferred Tax - Foreign 11.60 2.20 2.50 16.00 23.20
Deferred Tax - Total 19.60 4.50 6.00 18.10 24.80
Other Tax 2.70 -- -- -- --
Income Tax - Total 50.80 52.10 29.60 45.50 45.40
Interest Cost - Domestic -- 7.10 7.30 8.70 8.60
Service Cost - Domestic -- 1.40 1.30 1.60 2.10
Prior Service Cost - Domestic -- 0.40 0.40 0.40 0.40
Expected Return on Assets - Domestic -- -12.30 -11.90 -12.20 -12.00
Actuarial Gains and Losses - Domestic -- 2.00 1.80 2.10 5.10
Curtailments & Settlements - Domestic -- 0.00 0.00 0.00 0.00
Domestic Pension Plan Expense -- -1.40 -1.10 0.60 4.20
Interest Cost - Foreign -- 13.40 10.30 12.90 15.70
Service Cost - Foreign -- 1.90 0.80 0.90 0.80
Prior Service Cost - Foreign -- 0.00 0.00 0.00 0.00
Expected Return on Assets - Foreign -- -21.80 -17.60 -21.90 -22.80
Actuarial Gains and Losses - Foreign -- 3.00 2.30 2.40 1.90
Curtailments & Settlements - Foreign -- 0.00 0.00 0.00 0.00
Foreign Pension Plan Expense -- -3.50 -4.20 -5.70 -4.40
Interest Cost - Post-Retirement -- 0.20 0.20 0.40 0.50
Service Cost - Post-Retirement -- 0.00 0.10 0.10 0.20
Prior Service Cost - Post-Retirement -- 0.00 0.00 -0.30 0.00
Expected Return on Assets - Post-Retirement -- 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement -- -0.40 -0.40 -0.40 -1.10
Curtailments & Settlements - Post-Retirement -- 0.00 -0.60 0.00 -0.10
Post-Retirement Plan Expense -- -0.20 -0.70 -0.20 -0.50
Defined Contribution Expense - Domestic -- 13.40 11.30 8.70 8.60
Total Pension Expense -- 8.30 5.30 3.40 7.90
Discount Rate - Domestic -- 3.80 4.60 4.20 5.00
Discount Rate - Foreign -- 2.30 3.70 3.40 4.30
Discount Rate - Post-Retirement -- 3.40 3.90 3.70 4.40
Expected Rate of Return - Domestic -- 7.80 7.80 8.00 8.20
Expected Rate of Return - Foreign -- 5.50 6.00 6.50 6.80
Expected Rate of Return - Post-Retirement -- -- -- -- 0.00
Compensation Rate - Domestic -- -- -- -- --
Compensation Rate - Foreign -- 3.10 3.00 3.00 3.30
Compensation Rate - Post-Retirement -- -- -- -- 0.00
Total Plan Interest Cost -- 20.70 17.80 22.00 24.80
Total Plan Service Cost -- 3.30 2.20 2.60 3.10
Total Plan Expected Return -- -34.10 -29.50 -34.10 -34.80
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