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Income Statement

Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update)
Net Sales 9.49M 8.96M 8.07M 7.80M 7.35M
Revenue 9.49M 8.96M 8.07M 7.80M 7.35M
Total Revenue 9.49M 8.96M 8.07M 7.80M 7.35M
Cost of Revenue 6.46M 6.11M 5.62M 5.62M 5.38M
Cost of Revenue, Total 6.46M 6.11M 5.62M 5.62M 5.38M
Gross Profit 3.03M 2.85M 2.46M 2.19M 1.97M
Selling/General/Administrative Expense 1.63M 1.40M 1.50M 1.32M 1.27M
Advertising Expense 122.15 49.06 45.49 42.63
Selling/General/Administrative Expenses, Total 1.63M 1.52M 1.54M 1.36M 1.31M
Restructuring Charge 37.09 38.46 41.74 25.48 69.49
Impairment-Assets Held for Use
Other Unusual Expense (Income) 11.86 12.16 32.87 26.12 42.45
Unusual Expense (Income) 48.94 50.62 74.60 51.60 111.94
Total Operating Expense 8.14M 7.68M 7.23M 7.03M 6.80M
Operating Income 1.35M 1.28M 837.57 772.80 546.93
Interest Expense - Non-Operating -31.11 -40.55 -71.09 -98.21 -92.25
Interest Expense, Net Non-Operating -31.11 -40.55 -71.09 -98.21 -92.25
Investment Income, Non-Operating -8.40 -1.10 -9.30 -6.87 -9.53
Interest/Investment Income, Non-Operating -8.40 -1.10 -9.30 -6.87 -9.53
Interest Income (Expense), Net-Non-Operating, Total -39.51 -41.65 -80.38 -105.08 -101.78
Other Non-Operating Income (Expense) 3.19 2.83 -8.32 -3.83 0.42
Other, Net 3.19 2.83 -8.32 -3.83 0.42
Net Income Before Taxes 1.32M 1.24M 748.86 663.89 445.57
Income Tax – Total 297.92 307.56 131.88 131.64 78.39
Income After Tax 1.02M 933.57 616.99 532.25 367.19
Minority Interest -3.05 -3.20 -1.68 -0.29 -0.51
Net Income Before Extraordinary Items 1.02M 930.36 615.30 531.97 366.68
Discontinued Operations -- -- -17.90
Extraordinary Item -45.25
Total Extraordinary Items -45.25 -- -- -17.90
Net Income 971.64 930.36 615.30 531.97 348.79
Miscellaneous Earnings Adjustment -0.05 -0.12
Total Adjustments to Net Income -0.05 -0.12
Income Available to Common Excluding Extraordinary Items 1.02M 930.24 615.30 531.97 366.68
Income Available to Common Stocks Including Extraordinary Items 971.59 930.24 615.30 531.97 348.79
Basic Weighted Average Shares 74.36 74.10 73.52 72.84 71.77
Basic EPS Excluding Extraordinary Items 13.68 12.55 8.37 7.30 5.11
Basic EPS Including Extraordinary Items 13.07 12.55 8.37 7.30 4.86
Dilution Adjustment 0.05 0.12
Diluted Net Income 971.64 930.36 615.30 531.97 348.79
Diluted Weighted Average Shares 74.84 74.57 74.04 73.36 72.30
Diluted EPS Excluding Extraordinary Items 13.59 12.48 8.31 7.25 5.07
Diluted EPS Including Extraordinary Items 12.98 12.48 8.31 7.25 4.82
DPS - Common Stock Primary Issue -- --
Gross Dividends - Common Stock -- -- -- -- --
Restructuring Charge, Supplemental
Non-Recurring Items, Total
Total Special Items 48.94 50.62 74.60 51.60 111.94
Normalized Income Before Taxes 1.37M 1.29M 823.47 715.49 557.51
Effect of Special Items on Income Taxes 11.06 12.54 13.14 10.23 19.69
Income Taxes Excluding Impact of Special Items 308.98 320.10 145.01 141.87 98.08
Normalized Income After Taxes 1.06M 971.64 678.45 573.62 459.43
Normalized Income Available to Common 1.05M 968.32 676.77 573.34 458.93
Basic Normalized EPS 14.18 13.07 9.21 7.87 6.39
Diluted Normalized EPS 14.09 12.99 9.14 7.82 6.35
Amortization of Intangibles, Supplemental 34.28 39.55 29.91 24.72 26.25
Depreciation, Supplemental 412.39 369.92 332.74 320.85 282.62
Interest Expense, Supplemental 31.11 40.55 71.09 98.21 92.25
Interest Capitalized, Supplemental -8.54 -5.61 -7.09 -9.20 -8.17
Rental Expense, Supplemental 145.18 125.10 110.77 114.53 116.54
Stock-Based Compensation, Supplemental 36.32 35.06 32.55 27.96 18.31
Advertising Expense, Supplemental 122.15 49.06 45.49 42.63
Minority Interest, Supplemental -3.05 -3.20 -1.68 -0.29 -0.51
Audit-Related Fees, Supplemental 6.63 5.89 5.88 5.14 6.26
Audit-Related Fees 0.21 0.04 0.29 0.05 0.06
Tax Fees, Supplemental 0.10 0.11 0.11 0.05 0.05
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin 31.95 31.82 30.43 28.01 26.81
Operating Margin 14.27 14.29 10.38 9.90 7.44
Pretax Margin 13.88 13.85 9.28 8.51 6.06
Effective Tax Rate 22.61 24.78 17.61 19.83 17.59
Net Profit Margin 10.71 10.38 7.62 6.82 4.99
Normalized EBIT 1.40M 1.33M 912.17 824.40 658.87
Normalized EBITDA 1.85M 1.74M 1.27M 1.17M 967.74
Current Tax - Domestic 222.53 247.92 117.60 100.83 84.69
Current Tax - Foreign 73.25 61.71 31.98 41.15 46.45
Current Tax - Local 17.81 31.94 11.18 13.69 9.77
Current Tax - Total 313.59 341.57 160.76 155.66 140.91
Deferred Tax - Domestic 42.50 -16.17 4.17 31.05 5.28
Deferred Tax - Foreign -55.13 4.27 -29.07 -51.61 -62.09
Deferred Tax - Local -3.05 -22.12 -3.98 -3.47 -5.72
Deferred Tax - Total -15.68 -34.01 -28.88 -24.03 -62.53
Income Tax - Total 297.92 307.56 131.88 131.64 78.39
Interest Cost - Foreign 0.80 1.29
Service Cost - Foreign 0.59 2.45
Expected Return on Assets - Foreign -0.70 -1.09
Actuarial Gains and Losses - Foreign 0.01 0.01
Curtailments & Settlements - Foreign -0.02
Foreign Pension Plan Expense 0.68 2.65
Defined Contribution Expense - Domestic 22.04 21.00 18.88 17.65 38.63
Total Pension Expense 22.04 21.00 18.88 18.34 41.29
Discount Rate - Foreign 3.50 3.25
Expected Rate of Return - Foreign 3.27 3.27
Compensation Rate - Foreign 2.00 2.00
Total Plan Interest Cost 0.80 1.29
Total Plan Service Cost 0.59 2.45
Total Plan Expected Return -0.70 -1.09