| Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | |
|---|---|---|---|---|
| Net Sales | 11,479.00 | 12,440.00 | 11,656.00 | 5,084.24 |
| Revenue | 11,479.00 | 12,440.00 | 11,656.00 | 5,084.24 |
| Total Revenue | 11,479.00 | 12,440.00 | 11,656.00 | 5,084.24 |
| Cost of Revenue | 7,798.00 | 8,289.00 | 7,921.00 | 2,998.37 |
| Cost of Revenue, Total | 7,798.00 | 8,289.00 | 7,921.00 | 2,998.37 |
| Gross Profit | 3,681.00 | 4,151.00 | 3,735.00 | 2,085.87 |
| Selling/General/Administrative Expense | 1,787.00 | 1,768.00 | 1,749.00 | 948.83 |
| Selling/General/Administrative Expenses, Total | 1,787.00 | 1,768.00 | 1,749.00 | 948.83 |
| Research & Development | 636.00 | 603.00 | 629.00 | 356.86 |
| Amortization of Intangibles, Operating | 680.00 | 727.00 | 732.00 | 192.61 |
| Depreciation/Amortization | 680.00 | 727.00 | 732.00 | 192.61 |
| Restructuring Charge | 68.00 | 12.00 | 41.00 | 17.30 |
| Impairment-Assets Held for Use | 2,623.00 | 2,370.00 | -- | -- |
| Loss (Gain) on Sale of Assets - Operating | -3.00 | -3.00 | -1.00 | 3.78 |
| Other Unusual Expense (Income) | 1.00 | -- | -- | 0.00 |
| Unusual Expense (Income) | 2,689.00 | 2,379.00 | 40.00 | 21.08 |
| Total Operating Expense | 13,590.00 | 13,766.00 | 11,071.00 | 4,517.76 |
| Operating Income | -2,111.00 | -1,326.00 | 585.00 | 566.48 |
| Interest Expense - Non-Operating | -380.00 | -336.00 | -289.00 | -131.80 |
| Interest Expense, Net Non-Operating | -380.00 | -336.00 | -289.00 | -131.80 |
| Interest Income, Non-Operating | 5.00 | -- | -- | -- |
| Investment Income, Non-Operating | -77.00 | -- | -- | -- |
| Interest/Investment Income, Non-Operating | -72.00 | -- | -- | -- |
| Interest Income (Expense), Net-Non-Operating, Total | -452.00 | -336.00 | -289.00 | -131.80 |
| Other Non-Operating Income (Expense) | 45.00 | 37.00 | 58.00 | 6.69 |
| Other, Net | 45.00 | 37.00 | 58.00 | 6.69 |
| Net Income Before Taxes | -2,518.00 | -1,625.00 | 354.00 | 441.37 |
| Income Tax – Total | 45.00 | 239.00 | 75.00 | 74.00 |
| Income After Tax | -2,563.00 | -1,864.00 | 279.00 | 367.37 |
| Minority Interest | -4.00 | -7.00 | -9.00 | -4.14 |
| Net Income Before Extraordinary Items | -2,567.00 | -1,871.00 | 270.00 | 363.23 |
| Extraordinary Item | -- | -- | -- | -- |
| Total Extraordinary Items | -- | -- | -- | -- |
| Net Income | -2,567.00 | -1,871.00 | 270.00 | 363.23 |
| Miscellaneous Earnings Adjustment | 2.00 | 3.00 | -2.00 | -2.80 |
| Total Adjustments to Net Income | 2.00 | 3.00 | -2.00 | -2.80 |
| Income Available to Common Excluding Extraordinary Items | -2,565.00 | -1,868.00 | 268.00 | 360.43 |
| Income Available to Common Stocks Including Extraordinary Items | -2,565.00 | -1,868.00 | 268.00 | 360.43 |
| Basic Weighted Average Shares | 255.00 | 255.00 | 243.00 | 112.16 |
| Basic EPS Excluding Extraordinary Items | -10.06 | -7.33 | 1.10 | 3.21 |
| Basic EPS Including Extraordinary Items | -10.06 | -7.33 | 1.10 | 3.21 |
| Diluted Net Income | -2,565.00 | -1,868.00 | 268.00 | 360.43 |
| Diluted Weighted Average Shares | 255.00 | 255.00 | 243.00 | 113.63 |
| Diluted EPS Excluding Extraordinary Items | -10.06 | -7.33 | 1.10 | 3.17 |
| Diluted EPS Including Extraordinary Items | -10.06 | -7.33 | 1.10 | 3.17 |
| DPS - Common Stock Primary Issue | 3.24 | 3.20 | 3.12 | 3.04 |
| Gross Dividends - Common Stock | 827.00 | 815.00 | 785.00 | 324.86 |
| Litigation Charge, Supplemental | 50.00 | -- | -- | 3.28 |
| Restructuring Charge, Supplemental | -- | 5.00 | 1.00 | -- |
| Other Unusual Expense (Income), Supplemental | 374.00 | 220.00 | 261.00 | 142.12 |
| Non-Recurring Items, Total | 424.00 | 225.00 | 262.00 | 145.40 |
| Total Special Items | 3,113.00 | 2,604.00 | 302.00 | 166.48 |
| Normalized Income Before Taxes | 595.00 | 979.00 | 656.00 | 607.85 |
| Effect of Special Items on Income Taxes | 1,089.55 | 911.40 | 63.98 | 32.82 |
| Income Taxes Excluding Impact of Special Items | 1,134.55 | 1,150.40 | 138.98 | 106.82 |
| Normalized Income After Taxes | -539.55 | -171.40 | 517.02 | 501.03 |
| Normalized Income Available to Common | -541.55 | -175.40 | 506.02 | 494.08 |
| Basic Normalized EPS | -2.12 | -0.69 | 2.08 | 4.41 |
| Diluted Normalized EPS | -2.12 | -0.69 | 2.08 | 4.35 |
| Amortization of Intangibles, Supplemental | 680.00 | 727.00 | 732.00 | 192.61 |
| Depreciation, Supplemental | 462.00 | 452.00 | 424.00 | 132.75 |
| Interest Expense, Supplemental | 380.00 | 336.00 | 289.00 | 131.80 |
| Rental Expense, Supplemental | 137.00 | 187.00 | 168.00 | 61.62 |
| Stock-Based Compensation, Supplemental | 67.00 | 51.00 | 62.00 | 39.66 |
| Minority Interest, Supplemental | -4.00 | -7.00 | -9.00 | -4.14 |
| Research & Development Expense, Supplemental | 636.00 | 603.00 | 629.00 | 356.86 |
| Audit-Related Fees, Supplemental | 15.71 | 16.08 | 14.79 | 9.27 |
| Audit-Related Fees | 2.46 | 1.94 | 1.38 | 0.20 |
| Tax Fees, Supplemental | 1.10 | 0.06 | 0.24 | 0.07 |
| All Other Fees Paid to Auditor, Supplemental | 0.10 | 0.01 | 0.11 | 0.01 |
| Gross Margin | 32.07 | 33.37 | 32.04 | 41.03 |
| Operating Margin | -18.39 | -10.66 | 5.02 | 11.14 |
| Pretax Margin | -21.94 | -13.06 | 3.04 | 8.68 |
| Effective Tax Rate | -- | -- | 21.19 | 16.77 |
| Net Profit Margin | -22.35 | -15.02 | 2.30 | 7.09 |
| Normalized EBIT | 1,002.00 | 1,278.00 | 887.00 | 732.96 |
| Normalized EBITDA | 2,144.00 | 2,457.00 | 2,043.00 | 1,058.32 |
| Current Tax - Domestic | 55.00 | 102.00 | -5.00 | -8.81 |
| Current Tax - Foreign | 359.00 | 325.00 | 303.00 | 149.38 |
| Current Tax - Local | 0.00 | 49.00 | 13.00 | 1.15 |
| Current Tax - Total | 414.00 | 476.00 | 311.00 | 141.72 |
| Deferred Tax - Domestic | -113.00 | -77.00 | -121.00 | -7.94 |
| Deferred Tax - Foreign | -288.00 | -49.00 | -81.00 | -57.72 |
| Deferred Tax - Local | 32.00 | -111.00 | -34.00 | -2.06 |
| Deferred Tax - Total | -369.00 | -237.00 | -236.00 | -67.72 |
| Income Tax - Total | 45.00 | 239.00 | 75.00 | 74.00 |
| Interest Cost - Domestic | 25.00 | 15.00 | 71.00 | 17.26 |
| Service Cost - Domestic | 0.00 | 1.00 | 1.00 | 1.28 |
| Expected Return on Assets - Domestic | -31.00 | -21.00 | -106.00 | -28.32 |
| Curtailments & Settlements - Domestic | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Pension, Net - Domestic | 2.00 | 8.00 | 29.00 | 7.94 |
| Domestic Pension Plan Expense | -4.00 | 3.00 | -5.00 | -1.84 |
| Interest Cost - Foreign | 36.00 | 17.00 | 10.00 | 12.77 |
| Service Cost - Foreign | 21.00 | 34.00 | 42.00 | 23.95 |
| Expected Return on Assets - Foreign | -47.00 | -42.00 | -55.00 | -45.92 |
| Curtailments & Settlements - Foreign | -8.00 | 0.00 | -10.00 | 4.47 |
| Other Pension, Net - Foreign | -1.00 | 11.00 | 19.00 | 15.32 |
| Foreign Pension Plan Expense | 1.00 | 20.00 | 6.00 | 10.60 |
| Interest Cost - Post-Retirement | 3.00 | 1.00 | 7.00 | 1.78 |
| Service Cost - Post-Retirement | 0.00 | 1.00 | 1.00 | 0.60 |
| Prior Service Cost - Post-Retirement | -- | -- | -- | -- |
| Other Post-Retirement, Net | -6.00 | -5.00 | -20.00 | -4.66 |
| Post-Retirement Plan Expense | -3.00 | -3.00 | -12.00 | -2.27 |
| Defined Contribution Expense - Domestic | 30.00 | 33.00 | 36.00 | 12.43 |
| Defined Contribution Expense - Foreign | 51.00 | 29.00 | 33.00 | 7.34 |
| Total Pension Expense | 75.00 | 82.00 | 58.00 | 26.26 |
| Discount Rate - Domestic | -- | -- | -- | -- |
| Discount Rate - Foreign | -- | -- | -- | -- |
| Expected Rate of Return - Domestic | -- | -- | -- | -- |
| Expected Rate of Return - Foreign | -- | -- | -- | -- |
| Compensation Rate - Domestic | -- | -- | -- | -- |
| Compensation Rate - Foreign | -- | -- | -- | -- |
| Total Plan Interest Cost | 64.00 | 33.00 | 88.00 | 31.81 |
| Total Plan Service Cost | 21.00 | 36.00 | 44.00 | 25.84 |
| Total Plan Expected Return | -78.00 | -63.00 | -161.00 | -74.24 |
| Total Plan Other Expense | -5.00 | 14.00 | 28.00 | 18.61 |
For a more complete picture of our financial results, please review our SEC Filings
In millions of USD (except for per share items)
Source: LSEG