Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 5,054.93 4,770.36 4,546.65 4,341.96
Revenue 5,054.93 4,770.36 4,546.65 4,341.96
Total Revenue 5,054.93 4,770.36 4,546.65 4,341.96
Cost of Revenue 3,832.11 3,613.41 3,426.40 3,276.30
Cost of Revenue, Total 3,832.11 3,613.41 3,426.40 3,276.30
Gross Profit 1,222.82 1,156.96 1,120.25 1,065.66
Selling/General/Administrative Expense 807.14 775.82 735.36 693.64
Selling/General/Administrative Expenses, Total 807.14 775.82 735.36 693.64
Depreciation 19.96 18.81 16.75 16.77
Amortization of Intangibles, Operating 5.95 5.70 5.35 5.26
Depreciation/Amortization 25.91 24.51 22.10 22.03
Investment Income - Operating -11.26 -10.26 -9.28 -3.89
Interest/Investment Income - Operating -11.26 -10.26 -9.28 -3.89
Interest Expense (Income), Net-Operating, Total -11.26 -10.26 -9.28 -3.89
Other Unusual Expense (Income) -- -- -- --
Unusual Expense (Income) -- -- -- --
Total Operating Expense 4,653.89 4,403.48 4,174.57 3,988.08
Operating Income 401.03 366.88 372.08 353.87
Interest Expense - Non-Operating -1.24 -4.03 -2.74 -6.36
Interest Expense, Net Non-Operating -1.24 -4.03 -2.74 -6.36
Interest Income (Expense), Net-Non-Operating, Total -1.24 -4.03 -2.74 -6.36
Net Income Before Taxes 399.80 362.85 369.34 347.51
Income Tax – Total 76.62 67.08 74.63 100.17
Income After Tax 323.17 295.78 294.71 247.34
Minority Interest -53.59 -49.83 -53.60 -49.07
Net Income Before Extraordinary Items 269.58 245.95 241.11 198.27
Extraordinary Item -- -- 1.82 9.95
Total Extraordinary Items -- -- 1.82 9.95
Net Income 269.58 245.95 242.93 208.22
Miscellaneous Earnings Adjustment -23.14 -20.41 -19.79 -17.43
Total Adjustments to Net Income -23.14 -20.41 -19.79 -17.43
Income Available to Common Excluding Extraordinary Items 246.44 225.54 221.32 180.84
Income Available to Common Stocks Including Extraordinary Items 246.44 225.54 223.14 190.79
Basic Weighted Average Shares 35.07 34.64 34.32 32.82
Basic EPS Excluding Extraordinary Items 7.03 6.51 6.45 5.51
Basic EPS Including Extraordinary Items 7.03 6.51 6.50 5.81
Dilution Adjustment -- -- 0.00 0.00
Diluted Net Income 246.44 225.54 223.14 190.79
Diluted Weighted Average Shares 35.15 34.68 34.37 32.86
Diluted EPS Excluding Extraordinary Items 7.01 6.50 6.44 5.50
Diluted EPS Including Extraordinary Items 7.01 6.50 6.49 5.81
DPS - Common Stock Primary Issue 6.93 6.40 5.60 4.60
Dividend per Share – Common Stock Issue 2 6.93 6.40 5.60 4.60
Gross Dividends - Common Stock 265.71 241.41 209.22 164.15
Total Special Items -- -- -- --
Normalized Income Before Taxes 399.80 362.85 369.34 347.51
Effect of Special Items on Income Taxes -- -- -- --
Income Taxes Excluding Impact of Special Items 76.62 67.08 74.63 100.17
Normalized Income After Taxes 323.17 295.78 294.71 247.34
Normalized Income Available to Common 246.44 225.54 221.32 180.84
Basic Normalized EPS 7.03 6.51 6.45 5.51
Diluted Normalized EPS 7.01 6.50 6.44 5.50
Amortization of Intangibles, Supplemental 5.95 5.70 5.35 5.26
Depreciation, Supplemental 19.96 18.81 16.75 16.77
Interest Expense, Supplemental 1.24 4.03 2.74 6.36
Rental Expense, Supplemental 82.54 84.89 84.54 84.08
Stock-Based Compensation, Supplemental 22.13 17.03 15.51 13.29
Advertising Expense, Supplemental 12.59 16.59 16.52 24.68
Equity in Affiliates, Supplemental 11.26 10.26 9.28 3.89
Minority Interest, Supplemental -53.59 -49.83 -53.60 -49.07
Audit-Related Fees, Supplemental -- 2.12 1.89 2.08
Audit-Related Fees -- 0.00 0.00 0.00
Tax Fees, Supplemental -- 0.37 0.27 0.23
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00
Gross Margin 24.19 24.25 24.64 24.54
Operating Margin 7.93 7.69 8.18 8.15
Pretax Margin 7.91 7.61 8.12 8.00
Effective Tax Rate 19.17 18.49 20.21 28.83
Net Profit Margin 4.88 4.73 4.87 4.16
Normalized EBIT 389.77 356.63 362.80 349.99
Normalized EBITDA 415.68 381.14 384.90 372.02
Current Tax - Domestic 58.90 -- -- --
Current Tax - Foreign 4.78 -- -- --
Current Tax - Local 12.91 -- -- --
Current Tax - Total -- 65.80 64.52 100.96
Current Tax - Total 76.58 65.80 64.52 100.96
Deferred Tax - Domestic 0.22 -- 10.11 -0.78
Deferred Tax - Foreign -0.20 -- -- --
Deferred Tax - Local 0.02 -- -- --
Deferred Tax - Total -- 1.28 -- --
Deferred Tax - Total 0.04 1.28 10.11 -0.78
Income Tax - Total 76.62 67.08 74.63 100.17
Domestic Tax -- -- -- --
Foreign Tax -- -- -- --
Local Tax -- -- -- --
Income Tax by Region - Total -- -- -- --
Defined Contribution Expense - Domestic 4.54 4.27 2.95 2.43
Total Pension Expense 4.54 4.27 2.95 2.43

In millions of USD (except for per share items)

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