Income Statement
| Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | |
|---|---|---|---|---|
| Net Sales | 4,546.65 | 4,341.96 | 4,220.70 | 4,113.24 |
| Revenue | 4,546.65 | 4,341.96 | 4,220.70 | 4,113.24 |
| Total Revenue | 4,546.65 | 4,341.96 | 4,220.70 | 4,113.24 |
| Cost of Revenue | 3,426.40 | 3,276.30 | 3,186.12 | 3,105.88 |
| Cost of Revenue, Total | 3,426.40 | 3,276.30 | 3,186.12 | 3,105.88 |
| Gross Profit | 1,120.25 | 1,065.66 | 1,034.58 | 1,007.36 |
| Selling/General/Administrative Expense | 735.36 | 693.64 | 668.89 | 651.49 |
| Selling/General/Administrative Expenses, Total | 735.36 | 693.64 | 668.89 | 651.49 |
| Depreciation | 16.75 | 16.77 | 14.85 | 13.80 |
| Amortization of Intangibles, Operating | 5.35 | 5.26 | 5.21 | 5.32 |
| Depreciation/Amortization | 22.10 | 22.03 | 20.07 | 19.12 |
| Investment Income - Operating | -9.28 | -3.89 | -- | -- |
| Interest/Investment Income - Operating | -9.28 | -3.89 | -- | -- |
| Interest Expense (Income), Net-Operating, Total | -9.28 | -3.89 | -- | -- |
| Other Unusual Expense (Income) | -- | -- | -- | -- |
| Unusual Expense (Income) | -- | -- | -- | -- |
| Total Operating Expense | 4,174.57 | 3,988.08 | 3,875.07 | 3,776.49 |
| Operating Income | 372.08 | 353.87 | 345.63 | 336.75 |
| Interest Expense - Non-Operating | -2.74 | -6.36 | -3.71 | -5.55 |
| Interest Expense, Net Non-Operating | -2.74 | -6.36 | -3.71 | -5.55 |
| Interest Income (Expense), Net-Non-Operating, Total | -2.74 | -6.36 | -3.71 | -5.55 |
| Net Income Before Taxes | 369.34 | 347.51 | 341.92 | 331.20 |
| Income Tax – Total | 74.63 | 100.17 | 105.94 | 104.68 |
| Income After Tax | 294.71 | 247.34 | 235.98 | 226.52 |
| Minority Interest | -53.60 | -49.07 | -53.17 | -53.60 |
| Net Income Before Extraordinary Items | 241.11 | 198.27 | 182.81 | 172.93 |
| Discontinued Operations | -- | -- | -- | -- |
| Extraordinary Item | 1.82 | 9.95 | -- | -- |
| Total Extraordinary Items | 1.82 | 9.95 | -- | -- |
| Net Income | 242.93 | 208.22 | 182.81 | 172.93 |
| Miscellaneous Earnings Adjustment | -19.79 | -17.43 | -14.81 | -13.63 |
| Total Adjustments to Net Income | -19.79 | -17.43 | -14.81 | -13.63 |
| Income Available to Common Excluding Extraordinary Items | 221.32 | 180.84 | 168.00 | 159.30 |
| Income Available to Common Stocks Including Extraordinary Items | 223.14 | 190.79 | 168.00 | 159.30 |
| Basic Weighted Average Shares | 34.32 | 32.82 | 32.58 | 32.44 |
| Basic EPS Excluding Extraordinary Items | 6.45 | 5.51 | 5.16 | 4.91 |
| Basic EPS Including Extraordinary Items | 6.50 | 5.81 | 5.16 | 4.91 |
| Dilution Adjustment | 0.00 | 0.00 | -- | 0.01 |
| Diluted Net Income | 223.14 | 190.79 | 168.00 | 159.30 |
| Diluted Weighted Average Shares | 34.37 | 32.86 | 32.62 | 32.48 |
| Diluted EPS Excluding Extraordinary Items | 6.44 | 5.50 | 5.15 | 4.90 |
| Diluted EPS Including Extraordinary Items | 6.49 | 5.81 | 5.15 | 4.90 |
| DPS - Common Stock Primary Issue | 5.60 | 4.60 | 3.60 | 2.80 |
| Dividend per Share – Common Stock Issue 2 | 5.60 | 4.60 | 3.60 | 2.80 |
| Gross Dividends - Common Stock | 209.22 | 164.15 | 127.60 | 98.53 |
| Total Special Items | -- | -- | -- | -- |
| Normalized Income Before Taxes | 369.34 | 347.51 | 341.92 | 331.20 |
| Effect of Special Items on Income Taxes | -- | -- | -- | -- |
| Income Taxes Excluding Impact of Special Items | 74.63 | 100.17 | 105.94 | 104.68 |
| Normalized Income After Taxes | 294.71 | 247.34 | 235.98 | 226.52 |
| Normalized Income Available to Common | 221.32 | 180.84 | 168.00 | 159.30 |
| Basic Normalized EPS | 6.45 | 5.51 | 5.16 | 4.91 |
| Diluted Normalized EPS | 6.44 | 5.50 | 5.15 | 4.90 |
| Amortization of Intangibles, Supplemental | 5.35 | 5.26 | 5.21 | 5.32 |
| Depreciation, Supplemental | 16.75 | 16.77 | 14.85 | 13.80 |
| Interest Expense, Supplemental | 2.74 | 6.36 | 3.71 | 5.55 |
| Rental Expense, Supplemental | 84.54 | 84.08 | 83.26 | 82.58 |
| Stock-Based Compensation, Supplemental | 15.51 | 13.29 | 12.32 | 12.60 |
| Advertising Expense, Supplemental | 16.52 | 24.68 | 22.24 | 21.15 |
| Equity in Affiliates, Supplemental | 9.28 | 3.89 | -- | -- |
| Minority Interest, Supplemental | -53.60 | -49.07 | -53.17 | -53.60 |
| Audit-Related Fees, Supplemental | -- | 2.08 | 1.83 | 1.72 |
| Audit-Related Fees | -- | 0.00 | 0.00 | -- |
| Tax Fees, Supplemental | -- | 0.23 | 0.15 | 0.24 |
| All Other Fees Paid to Auditor, Supplemental | -- | 0.00 | 0.00 | -- |
| Gross Margin | 24.64 | 24.54 | 24.51 | 24.49 |
| Operating Margin | 8.18 | 8.15 | 8.19 | 8.19 |
| Pretax Margin | 8.12 | 8.00 | 8.10 | 8.05 |
| Effective Tax Rate | 20.21 | 28.83 | 30.98 | 31.61 |
| Net Profit Margin | 4.87 | 4.16 | 3.98 | 3.87 |
| Normalized EBIT | 362.80 | 349.99 | 345.63 | 336.75 |
| Normalized EBITDA | 384.90 | 372.02 | 365.70 | 355.87 |
| Current Tax - Total | 64.52 | 100.96 | 103.22 | 99.99 |
| Current Tax - Total | 64.52 | 100.96 | 103.22 | 99.99 |
| Deferred Tax - Domestic | 10.11 | -0.78 | -- | -- |
| Deferred Tax - Total | -- | -- | 2.72 | 4.69 |
| Deferred Tax - Total | 10.11 | -0.78 | 2.72 | 4.69 |
| Income Tax - Total | 74.63 | 100.17 | 105.94 | 104.68 |
| Domestic Tax | -- | -- | -- | -- |
| Foreign Tax | -- | -- | -- | -- |
| Local Tax | -- | -- | -- | -- |
| Income Tax by Region - Total | -- | -- | -- | -- |
| Defined Contribution Expense - Domestic | 2.95 | 2.43 | 2.35 | 1.96 |
| Total Pension Expense | 2.95 | 2.43 | 2.35 | 1.96 |
In millions of USD (except for per share items)
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