Financial Statements - Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 15,455.00 14,914.00 14,485.00 13,609.00 12,961.00
Revenue 15,455.00 14,914.00 14,485.00 13,609.00 12,961.00
Total Revenue 15,455.00 14,914.00 14,485.00 13,609.00 12,961.00
Cost of Revenue 8,141.00 7,994.00 7,851.00 7,410.00 7,209.00
Cost of Revenue, Total 8,141.00 7,994.00 7,851.00 7,410.00 7,209.00
Gross Profit 7,314.00 6,920.00 6,634.00 6,199.00 5,752.00
Selling/General/Administrative Expense 1,891.00 1,672.00 1,546.00 1,437.00 1,427.00
Labor & Related Expense 1,095.00 1,036.00 1,092.00 1,049.00 938.00
Selling/General/Administrative Expenses, Total 2,986.00 2,708.00 2,638.00 2,486.00 2,365.00
Depreciation 1,468.00 1,376.00 1,280.00 1,201.00 1,169.00
Amortization of Intangibles, Operating 106.00 101.00 96.00 100.00 76.00
Depreciation/Amortization 1,574.00 1,477.00 1,376.00 1,301.00 1,245.00
Restructuring Charge 6.00 4.00 0.00 4.00 15.00
Litigation -- -- -- -- --
Impairment-Assets Held for Use 94.00 38.00 -- -- 0.00
Other Unusual Expense (Income) 85.00 -96.00 -10.00 116.00 637.00
Unusual Expense (Income) 185.00 -54.00 -10.00 120.00 652.00
Total Operating Expense 12,886.00 12,125.00 11,855.00 11,317.00 11,471.00
Operating Income 2,569.00 2,789.00 2,630.00 2,292.00 1,490.00
Interest Expense - Non-Operating -411.00 -363.00 -351.00 -365.00 -385.00
Interest Expense, Net Non-Operating -411.00 -363.00 -351.00 -365.00 -385.00
Interest Income, Non-Operating -- -- -- -- --
Investment Income, Non-Operating -55.00 -52.00 -80.00 -75.00 -38.00
Interest/Investment Income, Non-Operating -55.00 -52.00 -80.00 -75.00 -38.00
Interest Income (Expense), Net-Non-Operating, Total -466.00 -415.00 -431.00 -440.00 -423.00
Other Non-Operating Income (Expense) 2.00 2.00 -8.00 -30.00 -7.00
Other, Net 2.00 2.00 -8.00 -30.00 -7.00
Net Income Before Taxes 2,105.00 2,376.00 2,191.00 1,822.00 1,060.00
Income Tax – Total 434.00 465.00 -353.00 642.00 308.00
Income After Tax 1,671.00 1,911.00 2,544.00 1,180.00 752.00
Minority Interest -1.00 2.00 0.00 2.00 1.00
Net Income Before Extraordinary Items 1,670.00 1,913.00 2,544.00 1,182.00 753.00
Extraordinary Item -- 12.00 -595.00 -- --
Total Extraordinary Items -- 12.00 -595.00 -- --
Net Income 1,670.00 1,925.00 1,949.00 1,182.00 753.00
Income Available to Common Excluding Extraordinary Items 1,670.00 1,913.00 2,544.00 1,182.00 753.00
Income Available to Common Stocks Including Extraordinary Items 1,670.00 1,925.00 1,949.00 1,182.00 753.00
Basic Weighted Average Shares 424.60 429.10 438.80 443.50 452.70
Basic EPS Excluding Extraordinary Items 3.93 4.46 5.80 2.67 1.66
Basic EPS Including Extraordinary Items 3.93 4.49 4.44 2.67 1.66
Dilution Adjustment 1.53 -- -- -- --
Diluted Net Income 1,671.53 1,925.00 1,949.00 1,182.00 753.00
Diluted Weighted Average Shares 427.50 432.20 441.90 446.50 455.90
Diluted EPS Excluding Extraordinary Items 3.91 4.43 5.76 2.65 1.65
Diluted EPS Including Extraordinary Items 3.91 4.45 4.41 2.65 1.65
DPS - Common Stock Primary Issue 2.05 1.86 1.70 1.64 1.54
Gross Dividends - Common Stock 876.00 802.00 750.00 726.00 695.00
Litigation Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items 185.00 -54.00 -10.00 120.00 652.00
Normalized Income Before Taxes 2,290.00 2,322.00 2,181.00 1,942.00 1,712.00
Effect of Special Items on Income Taxes 38.14 -10.57 -3.50 42.28 189.45
Income Taxes Excluding Impact of Special Items 472.14 454.43 -356.50 684.28 497.45
Normalized Income After Taxes 1,817.86 1,867.57 2,537.50 1,257.72 1,214.55
Normalized Income Available to Common 1,816.86 1,869.57 2,537.50 1,259.72 1,215.55
Basic Normalized EPS 4.28 4.36 5.78 2.84 2.69
Diluted Normalized EPS 4.25 4.33 5.74 2.82 2.67
Amortization of Intangibles, Supplemental 106.00 101.00 96.00 100.00 76.00
Depreciation, Supplemental 1,468.00 1,376.00 1,280.00 1,201.00 1,169.00
Interest Expense, Supplemental 411.00 363.00 351.00 365.00 369.00
Interest Capitalized, Supplemental -21.00 -16.00 -16.00 -9.00 -16.00
Rental Expense, Supplemental 132.00 129.00 134.00 159.00 140.00
Stock-Based Compensation, Supplemental 86.00 89.00 185.00 186.00 72.00
Equity in Affiliates, Supplemental -55.00 -41.00 -68.00 -44.00 -38.00
Minority Interest, Supplemental -1.00 2.00 0.00 2.00 1.00
Audit-Related Fees, Supplemental -- 4.60 4.80 4.80 5.10
Audit-Related Fees -- 0.10 0.20 0.00 0.60
Tax Fees, Supplemental -- 0.00 0.00 0.00 0.10
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 47.32 46.40 45.80 45.55 44.38
Operating Margin 16.62 18.70 18.16 16.84 11.50
Pretax Margin 13.62 15.93 15.13 13.39 8.18
Effective Tax Rate 20.62 19.57 -16.11 35.24 29.06
Net Profit Margin 10.81 12.83 17.56 8.69 5.81
Normalized EBIT 2,754.00 2,735.00 2,620.00 2,412.00 2,142.00
Normalized EBITDA 4,328.00 4,212.00 3,996.00 3,713.00 3,387.00
Current Tax - Domestic 204.00 261.00 400.00 443.00 192.00
Current Tax - Foreign 36.00 40.00 37.00 38.00 36.00
Current Tax - Local 94.00 132.00 56.00 88.00 50.00
Current Tax - Total 334.00 433.00 493.00 569.00 278.00
Deferred Tax - Domestic 94.00 66.00 -911.00 57.00 43.00
Deferred Tax - Foreign -2.00 -2.00 3.00 -1.00 4.00
Deferred Tax - Local 8.00 -32.00 62.00 17.00 -17.00
Deferred Tax - Total 100.00 32.00 -846.00 73.00 30.00
Income Tax - Total 434.00 465.00 -353.00 642.00 308.00
Defined Contribution Expense - Domestic 88.00 80.00 70.00 64.00 112.00
Total Pension Expense 88.00 80.00 70.00 64.00 112.00
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