Financial Statements - Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 14,914.00 14,485.00 13,609.00 12,961.00 13,996.00
Revenue 14,914.00 14,485.00 13,609.00 12,961.00 13,996.00
Total Revenue 14,914.00 14,485.00 13,609.00 12,961.00 13,996.00
Cost of Revenue 7,994.00 7,851.00 7,410.00 7,209.00 7,821.00
Cost of Revenue, Total 7,994.00 7,851.00 7,410.00 7,209.00 7,821.00
Gross Profit 6,920.00 6,634.00 6,199.00 5,752.00 6,175.00
Selling/General/Administrative Expense 1,672.00 1,546.00 1,437.00 1,427.00 1,289.00
Labor & Related Expense 1,036.00 1,092.00 1,049.00 938.00 1,373.00
Selling/General/Administrative Expenses, Total 2,708.00 2,638.00 2,486.00 2,365.00 2,662.00
Depreciation 1,376.00 1,280.00 1,201.00 1,169.00 1,214.00
Amortization of Intangibles, Operating 101.00 96.00 100.00 76.00 78.00
Depreciation/Amortization 1,477.00 1,376.00 1,301.00 1,245.00 1,292.00
Restructuring Charge 4.00 0.00 4.00 15.00 82.00
Litigation -- -- -- -- --
Impairment-Assets Held for Use 38.00 -- -- 0.00 10.00
Other Unusual Expense (Income) -96.00 -10.00 116.00 637.00 -170.00
Unusual Expense (Income) -54.00 -10.00 120.00 652.00 -78.00
Total Operating Expense 12,125.00 11,855.00 11,317.00 11,471.00 11,697.00
Operating Income 2,789.00 2,630.00 2,292.00 1,490.00 2,299.00
Interest Expense - Non-Operating -363.00 -351.00 -365.00 -385.00 -455.00
Interest Expense, Net Non-Operating -363.00 -351.00 -365.00 -385.00 -455.00
Interest Income, Non-Operating -- -- -- -- --
Investment Income, Non-Operating -52.00 -80.00 -75.00 -38.00 -64.00
Interest/Investment Income, Non-Operating -52.00 -80.00 -75.00 -38.00 -64.00
Interest Income (Expense), Net-Non-Operating, Total -415.00 -431.00 -440.00 -423.00 -519.00
Other Non-Operating Income (Expense) 2.00 -8.00 -30.00 -7.00 -29.00
Other, Net 2.00 -8.00 -30.00 -7.00 -29.00
Net Income Before Taxes 2,376.00 2,191.00 1,822.00 1,060.00 1,751.00
Income Tax – Total 465.00 -353.00 642.00 308.00 413.00
Income After Tax 1,911.00 2,544.00 1,180.00 752.00 1,338.00
Minority Interest 2.00 0.00 2.00 1.00 -40.00
Net Income Before Extraordinary Items 1,913.00 2,544.00 1,182.00 753.00 1,298.00
Extraordinary Item 12.00 -595.00 -- -- --
Total Extraordinary Items 12.00 -595.00 -- -- --
Net Income 1,925.00 1,949.00 1,182.00 753.00 1,298.00
Income Available to Common Excluding Extraordinary Items 1,913.00 2,544.00 1,182.00 753.00 1,298.00
Income Available to Common Stocks Including Extraordinary Items 1,925.00 1,949.00 1,182.00 753.00 1,298.00
Basic Weighted Average Shares 429.10 438.80 443.50 452.70 462.60
Basic EPS Excluding Extraordinary Items 4.46 5.80 2.67 1.66 2.81
Basic EPS Including Extraordinary Items 4.49 4.44 2.67 1.66 2.81
Dilution Adjustment -- -- -- -- --
Diluted Net Income 1,925.00 1,949.00 1,182.00 753.00 1,298.00
Diluted Weighted Average Shares 432.20 441.90 446.50 455.90 465.60
Diluted EPS Excluding Extraordinary Items 4.43 5.76 2.65 1.65 2.79
Diluted EPS Including Extraordinary Items 4.45 4.41 2.65 1.65 2.79
DPS - Common Stock Primary Issue 1.86 1.70 1.64 1.54 1.50
Gross Dividends - Common Stock 802.00 750.00 726.00 695.00 693.00
Litigation Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items -54.00 -10.00 120.00 652.00 -78.00
Normalized Income Before Taxes 2,322.00 2,181.00 1,942.00 1,712.00 1,673.00
Effect of Special Items on Income Taxes -10.57 -3.50 42.28 189.45 -18.40
Income Taxes Excluding Impact of Special Items 454.43 -356.50 684.28 497.45 394.60
Normalized Income After Taxes 1,867.57 2,537.50 1,257.72 1,214.55 1,278.40
Normalized Income Available to Common 1,869.57 2,537.50 1,259.72 1,215.55 1,238.40
Basic Normalized EPS 4.36 5.78 2.84 2.69 2.68
Diluted Normalized EPS 4.33 5.74 2.82 2.67 2.66
Amortization of Intangibles, Supplemental 101.00 96.00 100.00 76.00 78.00
Depreciation, Supplemental 1,376.00 1,280.00 1,201.00 1,169.00 1,214.00
Interest Expense, Supplemental 363.00 351.00 365.00 369.00 455.00
Interest Capitalized, Supplemental -16.00 -16.00 -9.00 -16.00 -16.00
Rental Expense, Supplemental 129.00 134.00 159.00 140.00 159.00
Stock-Based Compensation, Supplemental 89.00 185.00 186.00 72.00 65.00
Equity in Affiliates, Supplemental -41.00 -68.00 -44.00 -38.00 -53.00
Minority Interest, Supplemental 2.00 0.00 2.00 1.00 -40.00
Audit-Related Fees, Supplemental -- 4.80 4.80 5.10 5.30
Audit-Related Fees -- 0.20 0.00 0.60 2.00
Tax Fees, Supplemental -- 0.00 0.00 0.10 0.00
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 46.40 45.80 45.55 44.38 44.12
Operating Margin 18.70 18.16 16.84 11.50 16.43
Pretax Margin 15.93 15.13 13.39 8.18 12.51
Effective Tax Rate 19.57 -16.11 35.24 29.06 23.59
Net Profit Margin 12.83 17.56 8.69 5.81 9.27
Normalized EBIT 2,735.00 2,620.00 2,412.00 2,142.00 2,221.00
Normalized EBITDA 4,212.00 3,996.00 3,713.00 3,387.00 3,513.00
Current Tax - Domestic 261.00 400.00 443.00 192.00 414.00
Current Tax - Foreign 40.00 37.00 38.00 36.00 56.00
Current Tax - Local 132.00 56.00 88.00 50.00 61.00
Current Tax - Total 433.00 493.00 569.00 278.00 531.00
Deferred Tax - Domestic 66.00 -911.00 57.00 43.00 -89.00
Deferred Tax - Foreign -2.00 3.00 -1.00 4.00 4.00
Deferred Tax - Local -32.00 62.00 17.00 -17.00 -33.00
Deferred Tax - Total 32.00 -846.00 73.00 30.00 -118.00
Income Tax - Total 465.00 -353.00 642.00 308.00 413.00
Defined Contribution Expense - Domestic 80.00 70.00 64.00 112.00 67.00
Total Pension Expense 80.00 70.00 64.00 112.00 67.00
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