| Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Reclassified) | |
|---|---|---|---|---|
| Net Sales | 5,084.24 | 5,140.08 | 3,977.54 | 3,398.72 |
| Revenue | 5,084.24 | 5,140.08 | 3,977.54 | 3,398.72 |
| Total Revenue | 5,084.24 | 5,140.08 | 3,977.54 | 3,398.72 |
| Cost of Revenue | 2,998.37 | 3,027.34 | 2,294.83 | 1,926.26 |
| Cost of Revenue, Total | 2,998.37 | 3,027.34 | 2,294.83 | 1,926.26 |
| Gross Profit | 2,085.87 | 2,112.75 | 1,682.71 | 1,472.46 |
| Selling/General/Administrative Expense | 948.83 | 876.12 | 707.46 | 570.14 |
| Selling/General/Administrative Expenses, Total | 948.83 | 876.12 | 707.46 | 570.14 |
| Research & Development | 356.86 | 346.13 | 311.58 | 295.47 |
| Amortization of Intangibles, Operating | 192.61 | 193.10 | 75.88 | 34.69 |
| Depreciation/Amortization | 192.61 | 193.10 | 75.88 | 34.69 |
| Restructuring Charge | 17.30 | 29.77 | 5.08 | 19.71 |
| Litigation | -- | -- | -- | -- |
| Loss (Gain) on Sale of Assets - Operating | 3.78 | 2.37 | -1.18 | -0.18 |
| Other Unusual Expense (Income) | 0.00 | 0.00 | 38.81 | 0.00 |
| Unusual Expense (Income) | 21.08 | 32.13 | 42.71 | 19.53 |
| Total Operating Expense | 4,517.76 | 4,474.81 | 3,432.47 | 2,846.09 |
| Operating Income | 566.48 | 665.27 | 545.07 | 552.63 |
| Interest Expense - Non-Operating | -131.80 | -138.22 | -132.91 | -65.36 |
| Interest Expense, Net Non-Operating | -131.80 | -138.22 | -132.91 | -65.36 |
| Investment Income, Non-Operating | -- | 0.56 | 14.51 | -10.06 |
| Interest/Investment Income, Non-Operating | -- | 0.56 | 14.51 | -10.06 |
| Interest Income (Expense), Net-Non-Operating, Total | -131.80 | -137.66 | -118.41 | -75.42 |
| Other Non-Operating Income (Expense) | 6.69 | 29.85 | 21.09 | 59.84 |
| Other, Net | 6.69 | 29.85 | 21.09 | 59.84 |
| Net Income Before Taxes | 441.37 | 557.45 | 447.76 | 537.05 |
| Income Tax – Total | 74.00 | 97.18 | 75.18 | 102.18 |
| Income After Tax | 367.37 | 460.27 | 372.58 | 434.87 |
| Minority Interest | -4.14 | -4.40 | -5.33 | 0.00 |
| Net Income Before Extraordinary Items | 363.23 | 455.87 | 367.25 | 434.87 |
| Extraordinary Item | -- | 0.00 | -32.80 | -139.20 |
| Total Extraordinary Items | -- | 0.00 | -32.80 | -139.20 |
| Net Income | 363.23 | 455.87 | 334.45 | 295.67 |
| Miscellaneous Earnings Adjustment | -2.80 | -3.10 | -1.00 | -1.00 |
| Total Adjustments to Net Income | -2.80 | -3.10 | -1.00 | -1.00 |
| Income Available to Common Excluding Extraordinary Items | 360.43 | 452.78 | 366.25 | 433.87 |
| Income Available to Common Stocks Including Extraordinary Items | 360.43 | 452.78 | 333.45 | 294.67 |
| Basic Weighted Average Shares | 112.16 | 111.97 | 87.55 | 79.07 |
| Basic EPS Excluding Extraordinary Items | 3.21 | 4.04 | 4.18 | 5.49 |
| Basic EPS Including Extraordinary Items | 3.21 | 4.04 | 3.81 | 3.73 |
| Diluted Net Income | 360.43 | 452.78 | 333.45 | 294.67 |
| Diluted Weighted Average Shares | 113.63 | 113.31 | 88.12 | 79.37 |
| Diluted EPS Excluding Extraordinary Items | 3.17 | 4.00 | 4.16 | 5.47 |
| Diluted EPS Including Extraordinary Items | 3.17 | 4.00 | 3.78 | 3.71 |
| DPS - Common Stock Primary Issue | 3.02 | 2.94 | 2.80 | 2.61 |
| Gross Dividends - Common Stock | 324.86 | 315.77 | 253.58 | 209.86 |
| Litigation Charge, Supplemental | 3.28 | 11.31 | -- | -- |
| Other Unusual Expense (Income), Supplemental | 142.12 | 78.48 | -- | -- |
| Non-Recurring Items, Total | 145.40 | 89.79 | -- | -- |
| Total Special Items | 166.48 | 121.92 | 42.71 | 19.53 |
| Normalized Income Before Taxes | 607.85 | 679.37 | 490.47 | 556.57 |
| Effect of Special Items on Income Taxes | 32.82 | 25.50 | 7.17 | 3.72 |
| Income Taxes Excluding Impact of Special Items | 106.82 | 122.68 | 82.35 | 105.90 |
| Normalized Income After Taxes | 501.03 | 556.69 | 408.12 | 450.68 |
| Normalized Income Available to Common | 494.08 | 549.20 | 401.79 | 449.68 |
| Basic Normalized EPS | 4.41 | 4.91 | 4.59 | 5.69 |
| Diluted Normalized EPS | 4.35 | 4.85 | 4.56 | 5.67 |
| Amortization of Intangibles, Supplemental | 192.61 | 193.10 | 75.88 | 34.69 |
| Depreciation, Supplemental | 132.75 | 130.23 | 97.91 | 83.27 |
| Interest Expense, Supplemental | 131.80 | 138.22 | 132.91 | 65.36 |
| Rental Expense, Supplemental | 61.62 | 52.21 | 42.40 | 37.80 |
| Stock-Based Compensation, Supplemental | 39.66 | 38.61 | 31.92 | 32.58 |
| Minority Interest, Supplemental | -4.14 | -4.40 | -5.33 | 0.00 |
| Research & Development Expense, Supplemental | 356.86 | 346.13 | 311.58 | 295.47 |
| Audit-Related Fees, Supplemental | 9.27 | 9.47 | 8.90 | 6.50 |
| Audit-Related Fees | 0.20 | 0.06 | 0.18 | 0.07 |
| Tax Fees, Supplemental | 0.07 | 0.32 | 1.45 | 0.39 |
| All Other Fees Paid to Auditor, Supplemental | 0.01 | 0.01 | 0.01 | 0.01 |
| Gross Margin | 41.03 | 41.10 | 42.31 | 43.32 |
| Operating Margin | 11.14 | 12.94 | 13.70 | 16.26 |
| Pretax Margin | 8.68 | 10.85 | 11.26 | 15.80 |
| Effective Tax Rate | 16.77 | 17.43 | 16.79 | 19.03 |
| Net Profit Margin | 7.09 | 8.81 | 9.21 | 12.77 |
| Normalized EBIT | 732.96 | 787.19 | 587.78 | 572.16 |
| Normalized EBITDA | 1,058.32 | 1,110.52 | 761.58 | 690.12 |
| Current Tax - Domestic | -8.81 | 9.98 | -11.57 | 68.89 |
| Current Tax - Foreign | 149.38 | 146.06 | 98.43 | 113.47 |
| Current Tax - Local | 1.15 | 0.43 | 1.71 | 0.14 |
| Current Tax - Total | 141.72 | 156.46 | 88.57 | 182.49 |
| Deferred Tax - Domestic | -7.94 | -41.13 | -8.29 | -64.75 |
| Deferred Tax - Foreign | -57.72 | -25.75 | 1.98 | -4.02 |
| Deferred Tax - Local | -2.06 | 7.60 | -7.09 | -11.54 |
| Deferred Tax - Total | -67.72 | -59.28 | -13.40 | -80.31 |
| Income Tax - Total | 74.00 | 97.18 | 75.18 | 102.18 |
| Interest Cost - Domestic | 17.26 | 21.95 | 19.39 | 20.08 |
| Service Cost - Domestic | 1.28 | 1.38 | 1.97 | 2.18 |
| Expected Return on Assets - Domestic | -28.32 | -27.93 | -30.99 | -35.58 |
| Curtailments & Settlements - Domestic | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Pension, Net - Domestic | 7.94 | 5.46 | 6.59 | 5.42 |
| Domestic Pension Plan Expense | -1.84 | 0.87 | -3.04 | -7.90 |
| Interest Cost - Foreign | 12.77 | 17.78 | 17.70 | 17.12 |
| Service Cost - Foreign | 23.95 | 19.32 | 18.74 | 18.65 |
| Expected Return on Assets - Foreign | -45.92 | -43.48 | -33.99 | -50.63 |
| Curtailments & Settlements - Foreign | 4.47 | 0.19 | -- | 2.75 |
| Other Pension, Net - Foreign | 15.32 | 11.65 | 11.80 | 14.40 |
| Foreign Pension Plan Expense | 10.60 | 5.46 | 14.25 | 2.29 |
| Interest Cost - Post-Retirement | 1.78 | 2.27 | 2.46 | 2.71 |
| Service Cost - Post-Retirement | 0.60 | 0.57 | 0.76 | 0.72 |
| Prior Service Cost - Post-Retirement | -- | -- | -- | -- |
| Other Post-Retirement, Net | -4.66 | -4.92 | -5.50 | -4.91 |
| Post-Retirement Plan Expense | -2.27 | -2.09 | -2.28 | -1.49 |
| Defined Contribution Expense - Domestic | 12.43 | 9.36 | 10.53 | 8.60 |
| Defined Contribution Expense - Foreign | 7.34 | 9.00 | 6.86 | 5.68 |
| Total Pension Expense | 26.26 | 22.60 | 26.32 | 7.19 |
| Discount Rate - Domestic | -- | 4.31 | -- | 4.19 |
| Discount Rate - Foreign | -- | 2.22 | -- | 2.14 |
| Discount Rate - Post-Retirement | -- | -- | -- | -- |
| Expected Rate of Return - Domestic | -- | 5.60 | -- | 7.30 |
| Expected Rate of Return - Foreign | -- | 4.87 | -- | 5.95 |
| Compensation Rate - Domestic | -- | 3.25 | -- | 3.25 |
| Compensation Rate - Foreign | -- | 1.93 | -- | 1.97 |
| Total Plan Interest Cost | 31.81 | 41.99 | 39.56 | 39.90 |
| Total Plan Service Cost | 25.84 | 21.27 | 21.46 | 21.55 |
| Total Plan Expected Return | -74.24 | -71.41 | -64.98 | -86.20 |
| Total Plan Other Expense | 18.61 | 12.20 | 12.89 | 14.91 |
For a more complete picture of our financial results, please review our SEC Filings
In millions of USD (except for per share items)
Copyright Refinitiv