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Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 11,200.61 9,552.20 9,970.67 9,983.63 9,491.29
Revenue 11,200.61 9,552.20 9,970.67 9,983.63 9,491.29
Total Revenue 11,200.61 9,552.20 9,970.67 9,983.63 9,491.29
Cost of Revenue 7,913.48 7,019.12 7,206.33 7,098.50 6,458.85
Cost of Revenue, Total 7,913.48 7,019.12 7,206.33 7,098.50 6,458.85
Gross Profit 3,287.13 2,533.07 2,764.35 2,885.13 3,032.44
Selling/General/Administrative Expense 1,788.94 1,662.25 1,705.74 1,594.30 1,509.77
Advertising Expense 139.54 105.97 130.21 116.85 119.56
Selling/General/Administrative Expenses, Total 1,928.48 1,768.22 1,835.95 1,711.16 1,629.33
Restructuring Charge 19.20 125.36 90.34 58.99 37.09
Impairment-Assets Held for Use -- -- 59.91 -- --
Impairment-Assets Held for Sale -- 3.60 -- -- --
Other Unusual Expense (Income) 4.44 3.49 10.83 19.66 11.86
Unusual Expense (Income) 23.64 132.45 161.08 78.65 48.94
Total Operating Expense 9,865.60 8,919.79 9,203.35 8,888.31 8,137.12
Operating Income 1,335.01 632.40 767.32 1,095.33 1,354.17
Interest Expense - Non-Operating -57.25 -52.38 -41.27 -38.83 -31.11
Interest Expense, Net Non-Operating -57.25 -52.38 -41.27 -38.83 -31.11
Investment Income, Non-Operating -6.30 -4.84 7.19 -9.61 -8.40
Interest/Investment Income, Non-Operating -6.30 -4.84 7.19 -9.61 -8.40
Interest Income (Expense), Net-Non-Operating, Total -63.55 -57.22 -34.08 -48.44 -39.51
Other Non-Operating Income (Expense) 18.53 9.19 16.31 2.32 3.19
Other, Net 18.53 9.19 16.31 2.32 3.19
Net Income Before Taxes 1,289.99 584.37 749.55 1,049.20 1,317.86
Income Tax – Total 256.45 68.65 4.97 156.15 297.92
Income After Tax 1,033.55 515.73 744.57 893.06 1,019.94
Minority Interest -0.39 -0.13 -0.36 -3.15 -3.05
Net Income Before Extraordinary Items 1,033.16 515.60 744.21 889.91 1,016.89
Discontinued Operations -- -- -- -- --
Extraordinary Item -- -- 0.00 -28.20 -45.25
Total Extraordinary Items -- -- 0.00 -28.20 -45.25
Net Income 1,033.16 515.60 744.21 861.70 971.64
Miscellaneous Earnings Adjustment -- -- 0.00 -3.89 -0.05
Total Adjustments to Net Income -- -- 0.00 -3.89 -0.05
Income Available to Common Excluding Extraordinary Items 1,033.16 515.60 744.21 886.01 1,016.84
Income Available to Common Stocks Including Extraordinary Items 1,033.16 515.60 744.21 857.81 971.59
Basic Weighted Average Shares 68.85 71.21 71.99 74.41 74.36
Basic EPS Excluding Extraordinary Items 15.01 7.24 10.34 11.91 13.68
Basic EPS Including Extraordinary Items 15.01 7.24 10.34 11.53 13.07
Diluted Net Income 1,033.16 515.60 744.21 857.81 971.59
Diluted Weighted Average Shares 69.15 71.40 72.26 74.77 74.84
Diluted EPS Excluding Extraordinary Items 14.94 7.22 10.30 11.85 13.59
Diluted EPS Including Extraordinary Items 14.94 7.22 10.30 11.47 12.98
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Total Special Items 23.64 132.45 161.08 78.65 48.94
Normalized Income Before Taxes 1,313.63 716.82 910.62 1,127.85 1,366.80
Effect of Special Items on Income Taxes 4.70 15.56 1.07 11.70 11.06
Income Taxes Excluding Impact of Special Items 261.14 84.21 6.04 167.85 308.98
Normalized Income After Taxes 1,052.49 632.62 904.58 960.00 1,057.82
Normalized Income Available to Common 1,052.10 632.49 904.22 952.96 1,054.72
Basic Normalized EPS 15.28 8.88 12.56 12.81 14.18
Diluted Normalized EPS 15.22 8.86 12.51 12.74 14.09
Amortization of Intangibles, Supplemental 29.28 28.89 27.61 30.75 34.28
Depreciation, Supplemental 568.01 578.62 548.84 491.02 412.39
Interest Expense, Supplemental 57.25 52.38 41.27 38.83 31.11
Interest Capitalized, Supplemental -9.08 -6.36 -7.21 -10.68 -8.54
Rental Expense, Supplemental 124.78 127.57 189.62 143.51 145.18
Stock-Based Compensation, Supplemental 25.65 19.70 23.62 31.38 36.32
Advertising Expense, Supplemental 139.54 105.97 130.21 116.85 119.56
Minority Interest, Supplemental -0.39 -0.13 -0.36 -3.15 -3.05
Audit-Related Fees, Supplemental 9.13 -- 9.48 8.20 6.63
Audit-Related Fees 0.11 -- 0.18 0.21 0.21
Tax Fees, Supplemental 0.01 -- 0.00 0.09 0.10
All Other Fees Paid to Auditor, Supplemental 0.07 -- 0.04 0.00 0.00
Gross Margin 29.35 26.52 27.72 28.90 31.95
Operating Margin 11.92 6.62 7.70 10.97 14.27
Pretax Margin 11.52 6.12 7.52 10.51 13.88
Effective Tax Rate 19.88 11.75 0.66 14.88 22.61
Net Profit Margin 9.22 5.40 7.46 8.87 10.71
Normalized EBIT 1,358.65 764.85 928.40 1,173.98 1,403.11
Normalized EBITDA 1,955.94 1,372.36 1,504.85 1,695.74 1,849.79
Current Tax - Domestic 93.09 -33.82 19.94 -5.50 222.53
Current Tax - Foreign 143.39 72.35 80.22 58.67 73.25
Current Tax - Local 24.90 7.79 12.66 14.52 17.81
Current Tax - Total 261.37 46.32 112.82 67.69 313.59
Deferred Tax - Domestic -2.66 14.53 11.99 54.98 42.50
Deferred Tax - Foreign -15.58 7.68 -135.21 14.40 -55.13
Deferred Tax - Local 13.31 0.11 15.37 19.08 -3.05
Deferred Tax - Total -4.93 22.32 -107.84 88.46 -15.68
Income Tax - Total 256.45 68.65 4.97 156.15 297.92
Interest Cost - Foreign -- -- -- -- --
Service Cost - Foreign -- -- -- -- --
Expected Return on Assets - Foreign -- -- -- -- --
Actuarial Gains and Losses - Foreign -- -- -- -- --
Curtailments & Settlements - Foreign -- -- -- -- --
Foreign Pension Plan Expense -- -- -- -- --
Defined Contribution Expense - Domestic 23.88 13.51 23.01 22.69 22.04
Total Pension Expense 23.88 13.51 23.01 22.69 22.04
Discount Rate - Foreign -- -- -- -- --
Expected Rate of Return - Foreign -- -- -- -- --
Compensation Rate - Foreign -- -- -- -- --
Total Plan Interest Cost -- -- -- -- --
Total Plan Service Cost -- -- -- -- --
Total Plan Expected Return -- -- -- -- --