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Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated)
Net Sales 2,947.08 3,468.86 4,010.27 3,268.72 2,380.68
Revenue 2,947.08 3,468.86 4,010.27 3,268.72 2,380.68
Total Revenue 2,947.08 3,468.86 4,010.27 3,268.72 2,380.68
Cost of Revenue 1,631.68 2,228.53 2,634.97 2,075.65 1,231.50
Cost of Revenue, Total 1,631.68 2,228.53 2,634.97 2,075.65 1,231.50
Gross Profit 1,315.40 1,240.33 1,375.30 1,193.07 1,149.19
Selling/General/Administrative Expense 601.58 591.58 716.55 661.38 546.30
Labor & Related Expense 44.45 38.29 54.18 79.93 21.69
Selling/General/Administrative Expenses, Total 646.04 629.87 770.73 741.30 567.99
Research & Development 185.83 172.07 183.37 102.20 112.71
Purchased R&D Written-Off -- -- -- -- --
Litigation 13.81 185.99 23.95 24.58 42.08
Impairment-Assets Held for Use 916.94 1,154.38 3,781.17 1,140.71 22.54
Impairment-Assets Held for Sale -- 0.00 0.00 18.87 0.00
Other Unusual Expense (Income) -23.24 109.82 87.60 172.73 104.00
Unusual Expense (Income) 907.51 1,450.19 3,892.72 1,356.89 168.63
Total Operating Expense 3,371.05 4,480.66 7,481.79 4,276.05 2,080.82
Operating Income -423.97 -1,011.80 -3,471.52 -1,007.33 299.87
Interest Expense - Non-Operating -534.85 -494.69 -456.40 -378.90 --
Interest Expense, Net Non-Operating -534.85 -494.69 -456.40 -378.90 --
Interest Income, Non-Operating 13.19 6.47 3.72 5.69 --
Investment Income, Non-Operating 0.32 1.90 -1.80 19.84 18.38
Interest/Investment Income, Non-Operating 13.51 8.37 1.92 25.53 18.38
Interest Income (Expense), Net Non-Operating -- -- -- -- -227.11
Interest Income (Expense), Net-Non-Operating, Total -521.34 -486.33 -454.48 -353.37 -208.74
Other Non-Operating Income (Expense) 6.48 15.12 2.14 -77.16 8.75
Other, Net 6.48 15.12 2.14 -77.16 8.75
Net Income Before Taxes -938.83 -1,483.00 -3,923.86 -1,437.86 99.88
Income Tax – Total 17.27 -214.08 -700.08 -1,137.47 38.27
Income After Tax -956.10 -1,268.93 -3,223.77 -300.40 61.61
Minority Interest 0.00 0.00 -0.02 0.28 -3.14
Net Income Before Extraordinary Items -956.10 -1,268.93 -3,223.79 -300.12 58.47
Discontinued Operations -69.70 -802.72 -123.28 -1,194.93 -779.79
Extraordinary Item -5.66 36.22 -- -- --
Total Extraordinary Items -75.37 -766.51 -123.28 -1,194.93 -779.79
Net Income -1,031.47 -2,035.43 -3,347.07 -1,495.04 -721.32
Income Available to Common Excluding Extraordinary Items -956.10 -1,268.93 -3,223.79 -300.12 58.47
Income Available to Common Stocks Including Extraordinary Items -1,031.47 -2,035.43 -3,347.07 -1,495.04 -721.32
Basic Weighted Average Shares 223.96 223.20 222.65 197.10 146.90
Basic EPS Excluding Extraordinary Items -4.27 -5.69 -14.48 -1.52 0.40
Basic EPS Including Extraordinary Items -4.61 -9.12 -15.03 -7.59 -4.91
Dilution Adjustment -- -- -- -- --
Diluted Net Income -1,031.47 -2,035.43 -3,347.07 -1,495.04 -721.32
Diluted Weighted Average Shares 223.96 223.20 222.65 197.10 146.90
Diluted EPS Excluding Extraordinary Items -4.27 -5.69 -14.48 -1.52 0.40
Diluted EPS Including Extraordinary Items -4.61 -9.12 -15.03 -7.59 -4.91
DPS - Common Stock Primary Issue -- -- -- 0.00 0.00
Dividend per Share – Common Stock Issue 2 -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental 86.30 212.45 107.49 125.41 25.76
Non-Recurring Items, Total 86.30 212.45 107.49 125.41 25.76
Total Special Items 993.80 1,662.63 4,000.21 1,482.30 194.39
Normalized Income Before Taxes 54.97 179.63 76.35 44.44 294.26
Effect of Special Items on Income Taxes 347.83 581.92 1,400.07 518.81 74.48
Income Taxes Excluding Impact of Special Items 365.10 367.84 699.99 -618.66 112.75
Normalized Income After Taxes -310.13 -188.21 -623.64 663.10 181.52
Normalized Income Available to Common -310.13 -188.21 -623.65 663.38 178.38
Basic Normalized EPS -1.38 -0.84 -2.80 3.37 1.21
Diluted Normalized EPS -1.38 -0.84 -2.80 3.37 1.21
Amortization of Intangibles, Supplemental 622.34 773.77 876.45 561.30 218.71
Depreciation, Supplemental 101.37 210.00 106.86 71.45 112.94
Interest Expense, Supplemental 534.85 494.69 456.40 378.90 --
Rental Expense, Supplemental 18.70 18.70 22.20 20.10 8.50
Stock-Based Compensation, Supplemental 54.07 50.15 59.77 61.19 32.67
Advertising Expense, Supplemental 49.60 42.00 47.90 57.90 28.10
Equity in Affiliates, Supplemental -3.44 -0.90 1.19 -3.22 8.33
Minority Interest, Supplemental 0.00 0.00 -0.02 0.28 -3.14
Research & Development Expense, Supplemental 185.83 172.07 183.37 102.20 112.71
Audit-Related Fees, Supplemental -- -- 11.26 11.57 5.77
Audit-Related Fees -- -- 0.01 0.64 3.03
Tax Fees, Supplemental -- -- 2.35 1.37 0.61
All Other Fees Paid to Auditor, Supplemental -- -- 0.01 0.01 0.42
Gross Margin 44.63 35.76 34.29 36.50 48.27
Operating Margin -14.39 -29.17 -86.57 -30.82 12.60
Pretax Margin -31.86 -42.75 -97.85 -43.99 4.20
Effective Tax Rate -- -- -- -- 38.31
Net Profit Margin -32.44 -36.58 -80.39 -9.18 2.46
Normalized EBIT 569.83 650.84 528.69 474.97 494.25
Normalized EBITDA 1,293.54 1,634.60 1,512.00 1,107.73 825.90
Current Tax - Domestic 6.24 -86.48 18.37 -308.91 30.39
Current Tax - Foreign 8.28 -6.46 9.50 -5.60 16.27
Current Tax - Local 2.86 -1.22 22.85 16.72 -2.55
Current Tax - Total 17.38 -94.16 50.72 -297.79 44.11
Deferred Tax - Domestic 4.42 -88.47 -661.48 -779.76 -31.92
Deferred Tax - Foreign -3.75 -3.23 -0.24 -70.22 -7.74
Deferred Tax - Local -0.78 -28.22 -83.62 -9.38 -0.62
Deferred Tax - Total -0.11 -119.91 -745.34 -859.35 -40.28
Other Tax -- 0.00 -5.46 19.68 34.44
Income Tax - Total 17.27 -214.08 -700.08 -1,137.47 38.27
Defined Contribution Expense - Domestic 6.40 9.40 11.50 8.60 --
Total Pension Expense 6.40 9.40 11.50 8.60 --

In millions of USD (except for per share items)