Interactive Analyst Center

Income Statement

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Year Ending Dec 2025 (Update) Year Ending Dec 2024 (Update) Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update)
Net Sales 4,576.22 4,528.76 7,467.49 10,710.58 2,862.32
Revenue 4,576.22 4,528.76 7,467.49 10,710.58 2,862.32
Total Revenue 4,576.22 4,528.76 7,467.49 10,710.58 2,862.32
Cost of Revenue 3,223.62 3,201.65 4,392.44 4,973.95 1,772.21
Cost of Revenue, Total 3,223.62 3,201.65 4,392.44 4,973.95 1,772.21
Gross Profit 1,352.60 1,327.11 3,075.05 5,736.63 1,090.11
Selling/General/Administrative Expense 80.46 82.76 91.01 139.78 54.02
Labor & Related Expense 102.38 93.82 75.45 -- 60.55
Advertising Expense 6.97 6.43 6.61 -- 2.42
Selling/General/Administrative Expenses, Total 189.81 183.01 173.07 139.78 116.99
Research & Development -- -- -- -- 0.00
Depreciation 5.70 4.92 3.46 2.66 2.74
Amortization of Intangibles, Operating 0.04 0.14 0.44 0.13 0.12
Depreciation/Amortization 5.74 5.06 3.91 2.78 2.86
Investment Income - Operating 7.24 0.00 2.60 -0.06 0.00
Interest/Investment Income - Operating 7.24 0.00 2.60 -0.06 0.00
Interest Expense (Income), Net-Operating, Total 7.24 0.00 2.60 -0.06 0.00
Restructuring Charge -- -- -- -- --
Litigation 0.29 0.28 -20.16 6.87 43.14
Impairment-Assets Held for Use 10.79 10.76 47.07 -- 6.06
Impairment-Assets Held for Sale 1.91 -0.25 -0.63 -4.72 2.01
Loss (Gain) on Sale of Assets - Operating -0.03 -0.04 -0.01 -0.37 -1.92
Other Unusual Expense (Income) -- 0.98 -- -- --
Unusual Expense (Income) 12.96 11.73 26.27 1.78 49.28
Other Operating Expense 82.38 91.83 59.69 68.51 10.40
Other, Net -8.59 -29.44 -34.88 -7.52 -16.71
Other Operating Expenses, Total 73.79 62.39 24.82 61.00 -6.31
Total Operating Expense 3,513.16 3,463.85 4,623.10 5,179.23 1,935.03
Operating Income 1,063.06 1,064.92 2,844.39 5,531.35 927.29
Interest Expense - Non-Operating -247.43 -249.90 -168.73 -114.78 -96.25
Interest Capitalized - Non-Operating 75.04 67.13 43.33 24.71 14.21
Interest Expense, Net Non-Operating -172.39 -182.77 -125.39 -90.07 -82.04
Interest Income, Non-Operating 61.12 81.85 118.53 44.70 3.71
Investment Income, Non-Operating 4.63 2.42 -21.70 -5.24 -6.11
Interest/Investment Income, Non-Operating 65.75 84.26 96.83 39.46 -2.40
Interest Income (Expense), Net-Non-Operating, Total -106.64 -98.51 -28.57 -50.61 -84.44
Other Non-Operating Income (Expense) 4.30 8.01 -8.81 5.76 -1.62
Other, Net 4.30 8.01 -8.81 5.76 -1.62
Net Income Before Taxes 960.73 974.41 2,807.02 5,486.50 841.22
Income Tax – Total 320.08 265.89 787.28 1,572.21 249.02
Income After Tax 640.64 708.52 2,019.74 3,914.28 592.21
Minority Interest -52.51 -6.72 -7.08 -7.97 -6.75
Net Income Before Extraordinary Items 588.14 701.80 2,012.67 3,906.31 585.45
Extraordinary Item -- -1,106.16 -- -- --
Total Extraordinary Items -- -1,106.16 -- -- --
Net Income 588.14 -404.36 2,012.67 3,906.31 585.45
Income Available to Common Excluding Extraordinary Items 588.14 701.80 2,012.67 3,906.31 585.45
Income Available to Common Stocks Including Extraordinary Items 588.14 -404.36 2,012.67 3,906.31 585.45
Basic Weighted Average Shares 285.64 285.64 285.64 285.64 285.64
Basic EPS Excluding Extraordinary Items 2.06 2.46 7.05 13.68 2.05
Basic EPS Including Extraordinary Items 2.06 -1.42 7.05 13.68 2.05
Diluted Net Income 588.14 -404.36 2,012.67 3,906.31 585.45
Diluted Weighted Average Shares 285.64 285.64 285.64 285.64 285.64
Diluted EPS Excluding Extraordinary Items 2.06 2.46 7.05 13.68 2.05
Diluted EPS Including Extraordinary Items 2.06 -1.42 7.05 13.68 2.05
DPS - Common Stock Primary Issue -- 0.21 1.90 7.72 1.71
Dividend per Share – Common Stock Issue 2 -- 0.21 1.90 7.72 1.71
Gross Dividends - Common Stock 0.00 0.00 1,524.62 2,204.23 557.77
Impairment-Assets Held for Use, Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items 12.96 11.73 26.27 1.78 49.28
Normalized Income Before Taxes 973.69 986.15 2,833.29 5,488.28 890.50
Effect of Special Items on Income Taxes 4.32 3.20 7.37 0.51 14.59
Income Taxes Excluding Impact of Special Items 324.40 269.09 794.64 1,572.72 263.60
Normalized Income After Taxes 649.28 717.05 2,038.65 3,915.56 626.90
Normalized Income Available to Common 596.78 710.33 2,031.57 3,907.58 620.15
Basic Normalized EPS 2.09 2.49 7.11 13.68 2.17
Diluted Normalized EPS 2.09 2.49 7.11 13.68 2.17
Amortization of Intangibles, Supplemental 14.02 7.76 10.60 16.54 8.37
Depreciation, Supplemental 408.03 334.67 270.02 227.92 204.38
Interest Expense, Supplemental 172.39 182.77 125.39 90.07 82.04
Interest Capitalized, Supplemental -75.04 -67.13 -43.33 -24.71 -14.21
Rental Expense, Supplemental 101.62 86.87 88.75 -- 70.58
Advertising Expense, Supplemental 6.97 6.43 6.61 -- 2.42
Equity in Affiliates, Supplemental -0.50 11.03 0.59 20.16 11.13
Minority Interest, Supplemental -52.51 -6.72 -7.08 -7.97 -6.75
Research & Development Expense, Supplemental -- -- -- -- 0.00
Audit-Related Fees, Supplemental -- -- -- -- --
Audit-Related Fees -- -- -- -- --
Gross Margin 29.56 29.30 41.18 53.56 38.08
Operating Margin 23.23 23.51 38.09 51.64 32.40
Pretax Margin 20.99 21.52 37.59 51.23 29.39
Effective Tax Rate 33.32 27.29 28.05 28.66 29.60
Net Profit Margin 12.85 15.50 26.95 36.47 20.45
Normalized EBIT 1,083.26 1,076.65 2,873.26 5,533.07 976.57
Normalized EBITDA 1,505.31 1,419.07 3,153.88 5,777.53 1,189.33
Current Tax - Domestic 239.86 92.80 319.99 -- 230.03
Current Tax - Foreign 52.63 71.48 120.89 -- 46.75
Current Tax - Other 34.44 -- -- -- --
Current Tax - Total 326.93 164.28 440.88 -- 276.78
Deferred Tax - Domestic -8.88 175.55 312.38 -- -34.44
Deferred Tax - Foreign 2.04 -73.94 34.01 -- 6.68
Deferred Tax - Total -6.85 101.61 346.39 -- -27.76
Other Tax -- -- 787.28 1,572.21 249.02
Income Tax - Total 320.08 265.89 787.28 -- 249.02
Interest Cost - Domestic 3.14 2.55 2.24 1.93 1.30
Service Cost - Domestic 4.52 1.89 4.62 4.20 4.98
Domestic Pension Plan Expense 7.66 4.44 6.86 6.13 6.28
Total Pension Expense 7.66 4.44 6.86 6.13 6.28
Total Plan Interest Cost 3.14 2.55 2.24 1.93 1.30
Total Plan Service Cost 4.52 1.89 4.62 4.20 4.98

In millions of USD (except for per share items)

Source: LSEG