Interactive Analyst Center

Income Statement

Download CSV
Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update)
Net Sales 7,467.49 10,710.58 2,862.32 1,817.19 1,943.66
Revenue 7,467.49 10,710.58 2,862.32 1,817.19 1,943.66
Total Revenue 7,467.49 10,710.58 2,862.32 1,817.19 1,943.66
Cost of Revenue 4,392.44 4,973.95 1,772.21 1,334.32 1,383.60
Cost of Revenue, Total 4,392.44 4,973.95 1,772.21 1,334.32 1,383.60
Gross Profit 3,075.05 5,736.63 1,090.11 482.87 560.05
Selling/General/Administrative Expense 91.01 139.78 54.02 47.29 54.61
Labor & Related Expense 75.45 -- 60.55 55.15 60.26
Advertising Expense 6.61 -- 2.42 2.38 3.91
Selling/General/Administrative Expenses, Total 173.07 139.78 116.99 104.82 118.77
Research & Development -- -- 0.00 5.26 --
Depreciation 3.46 2.66 2.74 2.66 0.14
Amortization of Intangibles, Operating 0.44 0.13 0.12 0.37 0.01
Depreciation/Amortization 3.91 2.78 2.86 3.03 0.14
Investment Income - Operating 2.60 -0.06 0.00 12.31 --
Interest/Investment Income - Operating 2.60 -0.06 0.00 12.31 --
Interest Expense (Income), Net-Operating, Total 2.60 -0.06 0.00 12.31 --
Restructuring Charge -- -- -- -- --
Litigation -20.16 6.87 43.14 70.28 9.28
Impairment-Assets Held for Use 47.07 -- 6.06 11.36 --
Impairment-Assets Held for Sale -0.63 -4.72 2.01 -11.92 0.43
Loss (Gain) on Sale of Assets - Operating -0.01 -0.37 -1.92 -3.22 --
Other Unusual Expense (Income) -- -- -- -- 0.00
Unusual Expense (Income) 26.27 1.78 49.28 66.50 9.70
Other Operating Expense 59.69 68.51 10.40 11.76 15.97
Other, Net -34.88 -7.52 -16.71 -23.32 -18.19
Other Operating Expenses, Total 24.82 61.00 -6.31 -11.56 -2.22
Total Operating Expense 4,623.10 5,179.23 1,935.03 1,514.69 1,510.00
Operating Income 2,844.39 5,531.35 927.29 302.51 433.66
Interest Expense - Non-Operating -168.73 -114.78 -96.25 -89.76 -77.80
Interest Capitalized - Non-Operating 43.33 24.71 14.21 8.46 7.84
Interest Expense, Net Non-Operating -125.39 -90.07 -82.04 -81.30 -69.96
Interest Income, Non-Operating 118.53 44.70 3.71 12.68 --
Investment Income, Non-Operating -21.70 -5.24 -6.11 4.52 33.91
Interest/Investment Income, Non-Operating 96.83 39.46 -2.40 17.20 33.91
Interest Income (Expense), Net-Non-Operating, Total -28.57 -50.61 -84.44 -64.10 -36.05
Other Non-Operating Income (Expense) -8.81 5.76 -1.62 0.13 -6.98
Other, Net -8.81 5.76 -1.62 0.13 -6.98
Net Income Before Taxes 2,807.02 5,486.50 841.22 238.54 390.62
Income Tax – Total 787.28 1,572.21 249.02 70.18 110.02
Income After Tax 2,019.74 3,914.28 592.21 168.36 280.60
Minority Interest -7.08 -7.97 -6.75 -3.84 -2.49
Net Income Before Extraordinary Items 2,012.67 3,906.31 585.45 164.52 278.12
Net Income 2,012.67 3,906.31 585.45 164.52 278.12
Income Available to Common Excluding Extraordinary Items 2,012.67 3,906.31 585.45 164.52 278.12
Income Available to Common Stocks Including Extraordinary Items 2,012.67 3,906.31 585.45 164.52 278.12
Basic Weighted Average Shares 285.64 285.64 285.64 263.19 263.20
Basic EPS Excluding Extraordinary Items 7.05 13.68 2.05 0.63 1.06
Basic EPS Including Extraordinary Items 7.05 13.68 2.05 0.63 1.06
Diluted Net Income 2,012.67 3,906.31 585.45 164.52 278.12
Diluted Weighted Average Shares 285.64 285.64 285.64 263.19 263.20
Diluted EPS Excluding Extraordinary Items 7.05 13.68 2.05 0.63 1.06
Diluted EPS Including Extraordinary Items 7.05 13.68 2.05 0.63 1.06
DPS - Common Stock Primary Issue 1.90 7.72 1.71 0.17 0.99
Dividend per Share – Common Stock Issue 2 1.90 7.72 1.71 0.17 0.99
Gross Dividends - Common Stock 1,524.62 2,204.23 557.77 144.99 284.93
Impairment-Assets Held for Use, Supplemental -- -- -- -- 0.14
Non-Recurring Items, Total -- -- -- -- 0.14
Total Special Items 26.27 1.78 49.28 66.50 9.84
Normalized Income Before Taxes 2,833.29 5,488.28 890.50 305.04 400.47
Effect of Special Items on Income Taxes 7.37 0.51 14.59 19.56 2.77
Income Taxes Excluding Impact of Special Items 794.64 1,572.72 263.60 89.74 112.79
Normalized Income After Taxes 2,038.65 3,915.56 626.90 215.29 287.67
Normalized Income Available to Common 2,031.57 3,907.58 620.15 211.45 285.19
Basic Normalized EPS 7.11 13.68 2.17 0.80 1.08
Diluted Normalized EPS 7.11 13.68 2.17 0.80 1.08
Amortization of Intangibles, Supplemental 10.60 16.54 8.37 13.03 5.11
Depreciation, Supplemental 270.02 227.92 204.38 190.32 196.24
Interest Expense, Supplemental 125.39 90.07 82.04 81.30 69.96
Interest Capitalized, Supplemental -43.33 -24.71 -14.21 -8.46 -7.84
Rental Expense, Supplemental 88.75 -- 70.58 60.57 3.65
Advertising Expense, Supplemental 6.61 -- 2.42 2.38 3.91
Equity in Affiliates, Supplemental 0.59 20.16 11.13 8.94 9.79
Minority Interest, Supplemental -7.08 -7.97 -6.75 -3.84 -2.49
Research & Development Expense, Supplemental -- -- 0.00 5.26 --
Audit-Related Fees, Supplemental -- -- -- -- 345.00
Audit-Related Fees -- -- -- -- 14.00
Gross Margin 41.18 53.56 38.08 26.57 28.81
Operating Margin 38.09 51.64 32.40 16.65 22.31
Pretax Margin 37.59 51.23 29.39 13.13 20.10
Effective Tax Rate 28.05 28.66 29.60 29.42 28.17
Net Profit Margin 26.95 36.47 20.45 9.05 14.31
Normalized EBIT 2,873.26 5,533.07 976.57 381.32 443.50
Normalized EBITDA 3,153.88 5,777.53 1,189.33 584.66 644.85
Current Tax - Domestic 319.99 -- 230.03 89.49 96.87
Current Tax - Foreign 120.89 -- 46.75 9.78 7.39
Current Tax - Total 440.88 -- 276.78 99.28 104.26
Deferred Tax - Domestic 312.38 -- -34.44 -18.81 8.13
Deferred Tax - Foreign 34.01 -- 6.68 -10.28 -2.37
Deferred Tax - Total 346.39 -- -27.76 -29.10 5.76
Income Tax - Total 787.28 -- 249.02 70.18 110.02
Interest Cost - Domestic 2.24 1.93 1.30 1.49 1.66
Service Cost - Domestic 4.62 4.20 4.98 3.80 2.88
Actuarial Gains and Losses - Domestic -- -- -- -- --
Domestic Pension Plan Expense 6.86 6.13 6.28 5.29 4.54
Total Pension Expense 6.86 6.13 6.28 5.29 4.54
Total Plan Interest Cost 2.24 1.93 1.30 1.49 1.66
Total Plan Service Cost 4.62 4.20 4.98 3.80 2.88

In millions of USD (except for per share items)

Source: LSEG