Income Statement
| Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | |
|---|---|---|---|---|
| Net Sales | 7,283.77 | 7,274.34 | 6,280.19 | 5,054.93 |
| Revenue | 7,283.77 | 7,274.34 | 6,280.19 | 5,054.93 |
| Total Revenue | 7,283.77 | 7,274.34 | 6,280.19 | 5,054.93 |
| Cost of Revenue | 5,291.63 | 5,244.06 | 4,612.65 | 3,832.11 |
| Cost of Revenue, Total | 5,291.63 | 5,244.06 | 4,612.65 | 3,832.11 |
| Gross Profit | 1,992.14 | 2,030.29 | 1,667.55 | 1,222.82 |
| Selling/General/Administrative Expense | 1,158.42 | 1,189.70 | 1,030.19 | 807.14 |
| Labor & Related Expense | 30.00 | -- | -- | -- |
| Selling/General/Administrative Expenses, Total | 1,188.42 | 1,189.70 | 1,030.19 | 807.14 |
| Depreciation | 30.77 | 26.97 | 22.57 | 19.96 |
| Amortization of Intangibles, Operating | 4.32 | 4.71 | 5.56 | 5.95 |
| Depreciation/Amortization | 35.09 | 31.68 | 28.13 | 25.91 |
| Investment Income - Operating | -26.18 | -22.67 | -19.30 | -11.26 |
| Interest/Investment Income - Operating | -26.18 | -22.67 | -19.30 | -11.26 |
| Interest Expense (Income), Net-Operating, Total | -26.18 | -22.67 | -19.30 | -11.26 |
| Total Operating Expense | 6,488.96 | 6,442.77 | 5,651.66 | 4,653.89 |
| Operating Income | 794.81 | 831.58 | 628.53 | 401.03 |
| Interest Expense - Non-Operating | -4.92 | -2.17 | -1.00 | -1.24 |
| Interest Expense, Net Non-Operating | -4.92 | -2.17 | -1.00 | -1.24 |
| Interest Income (Expense), Net-Non-Operating, Total | -4.92 | -2.17 | -1.00 | -1.24 |
| Net Income Before Taxes | 789.89 | 829.41 | 627.53 | 399.80 |
| Income Tax – Total | 155.75 | 125.72 | 128.80 | 76.62 |
| Income After Tax | 634.14 | 703.70 | 498.74 | 323.17 |
| Minority Interest | -97.80 | -102.53 | -79.79 | -53.59 |
| Net Income Before Extraordinary Items | 536.34 | 601.17 | 418.95 | 269.58 |
| Extraordinary Item | -- | -- | -- | -- |
| Total Extraordinary Items | -- | -- | -- | -- |
| Net Income | 536.34 | 601.17 | 418.95 | 269.58 |
| Miscellaneous Earnings Adjustment | -36.97 | -51.37 | -37.27 | -23.14 |
| Total Adjustments to Net Income | -36.97 | -51.37 | -37.27 | -23.14 |
| Income Available to Common Excluding Extraordinary Items | 499.37 | 549.80 | 381.67 | 246.44 |
| Income Available to Common Stocks Including Extraordinary Items | 499.37 | 549.80 | 381.67 | 246.44 |
| Basic Weighted Average Shares | 36.41 | 35.56 | 35.24 | 35.07 |
| Basic EPS Excluding Extraordinary Items | 13.72 | 15.46 | 10.83 | 7.03 |
| Basic EPS Including Extraordinary Items | 13.72 | 15.46 | 10.83 | 7.03 |
| Dilution Adjustment | 0.03 | 0.07 | 0.05 | -- |
| Diluted Net Income | 499.41 | 549.87 | 381.72 | 246.44 |
| Diluted Weighted Average Shares | 36.53 | 35.68 | 35.42 | 35.15 |
| Diluted EPS Excluding Extraordinary Items | 13.67 | 15.41 | 10.78 | 7.01 |
| Diluted EPS Including Extraordinary Items | 13.67 | 15.41 | 10.78 | 7.01 |
| DPS - Common Stock Primary Issue | 9.80 | 8.55 | 7.63 | 6.93 |
| Dividend per Share – Common Stock Issue 2 | 9.80 | 8.55 | 7.63 | 6.93 |
| Gross Dividends - Common Stock | 382.65 | 332.45 | 295.04 | 265.71 |
| Normalized Income Before Taxes | 789.89 | 829.41 | 627.53 | 399.80 |
| Income Taxes Excluding Impact of Special Items | 155.75 | 125.72 | 128.80 | 76.62 |
| Normalized Income After Taxes | 634.14 | 703.70 | 498.74 | 323.17 |
| Normalized Income Available to Common | 499.37 | 549.80 | 381.67 | 246.44 |
| Basic Normalized EPS | 13.72 | 15.46 | 10.83 | 7.03 |
| Diluted Normalized EPS | 13.67 | 15.41 | 10.78 | 7.01 |
| Amortization of Intangibles, Supplemental | 4.32 | 4.71 | 5.56 | 5.95 |
| Depreciation, Supplemental | 30.77 | 26.97 | 22.57 | 19.96 |
| Interest Expense, Supplemental | 4.92 | 2.17 | 1.00 | 1.24 |
| Rental Expense, Supplemental | 112.20 | 101.58 | 90.74 | 82.54 |
| Stock-Based Compensation, Supplemental | 30.00 | 28.82 | 25.37 | 22.13 |
| Advertising Expense, Supplemental | 28.24 | 25.88 | 21.55 | 12.59 |
| Equity in Affiliates, Supplemental | 26.18 | 22.67 | 19.30 | 11.26 |
| Minority Interest, Supplemental | -97.80 | -102.53 | -79.79 | -53.59 |
| Audit-Related Fees, Supplemental | -- | 2.96 | 2.62 | 2.06 |
| Audit-Related Fees | -- | 0.00 | 0.00 | 0.00 |
| Tax Fees, Supplemental | -- | 0.26 | 0.22 | 0.57 |
| All Other Fees Paid to Auditor, Supplemental | -- | 0.00 | 0.00 | 0.00 |
| Gross Margin | 27.35 | 27.91 | 26.55 | 24.19 |
| Operating Margin | 10.91 | 11.43 | 10.01 | 7.93 |
| Pretax Margin | 10.84 | 11.40 | 9.99 | 7.91 |
| Effective Tax Rate | 19.72 | 15.16 | 20.52 | 19.17 |
| Net Profit Margin | 6.86 | 7.56 | 6.08 | 4.88 |
| Normalized EBIT | 768.63 | 808.91 | 609.23 | 389.77 |
| Normalized EBITDA | 803.72 | 840.59 | 637.36 | 415.68 |
| Current Tax - Domestic | 119.13 | 71.48 | 91.16 | 58.90 |
| Current Tax - Foreign | 14.05 | 13.57 | 10.99 | 4.78 |
| Current Tax - Local | 29.75 | 27.20 | 20.70 | 12.91 |
| Current Tax - Total | -- | -- | -- | -- |
| Current Tax - Total | 162.93 | 112.25 | 122.86 | 76.58 |
| Deferred Tax - Domestic | -5.58 | 10.77 | 6.43 | 0.22 |
| Deferred Tax - Foreign | -0.30 | -1.00 | -1.87 | -0.20 |
| Deferred Tax - Local | -1.30 | 3.70 | 1.37 | 0.02 |
| Deferred Tax - Total | -- | -- | -- | -- |
| Deferred Tax - Total | -7.18 | 13.47 | 5.94 | 0.04 |
| Income Tax - Total | 155.75 | 125.72 | 128.80 | 76.62 |
| Defined Contribution Expense - Domestic | 8.86 | 6.75 | 5.15 | 4.54 |
| Total Pension Expense | 8.86 | 6.75 | 5.15 | 4.54 |
In millions of USD (except for per share items)
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