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Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated) Year Ending Dec 2013 (Restated)
Net Sales 3.47M 4.01M 3.27M 2.38M 2.12M
Revenue 3.47M 4.01M 3.27M 2.38M 2.12M
Total Revenue 3.47M 4.01M 3.27M 2.38M 2.12M
Cost of Revenue 2.23M 2.63M 2.08M 1.23M 886.60
Cost of Revenue, Total 2.23M 2.63M 2.08M 1.23M 886.60
Gross Profit 1.24M 1.38M 1.19M 1.15M 1.24M
Selling/General/Administrative Expense 591.58 716.55 661.38 546.30 549.33
Labor & Related Expense 38.29 54.18 79.93 21.69 24.98
Selling/General/Administrative Expenses, Total 629.87 770.73 741.30 567.99 574.31
Research & Development 172.07 183.37 102.20 112.71 97.47
Purchased R&D Written-Off
Litigation 185.99 23.95 24.58 42.08 -40.95
Impairment-Assets Held for Use 1.15M 3.78M 1.14M 22.54 32.01
Impairment-Assets Held for Sale -- -- 18.87 -- --
Other Unusual Expense (Income) 109.82 87.60 172.73 104.00 18.93
Unusual Expense (Income) 1.45M 3.89M 1.36M 168.63 9.99
Total Operating Expense 4.48M 7.48M 4.28M 2.08M 1.57M
Operating Income -1,011.80 -3,471.52 -1,007.33 299.87 556.31
Interest Expense - Non-Operating -494.69 -456.40 -378.90
Interest Expense, Net Non-Operating -494.69 -456.40 -378.90
Interest Income, Non-Operating 6.47 3.72 5.69
Investment Income, Non-Operating 1.90 -1.80 19.84 18.38 1.50
Interest/Investment Income, Non-Operating 8.37 1.92 25.53 18.38 1.50
Interest Income (Expense), Net Non-Operating -227.11 -173.61
Interest Income (Expense), Net-Non-Operating, Total -486.33 -454.48 -353.37 -208.74 -172.10
Other Non-Operating Income (Expense) 15.12 2.14 -77.16 8.75 1.16
Other, Net 15.12 2.14 -77.16 8.75 1.16
Net Income Before Taxes -1,483.00 -3,923.86 -1,437.86 99.88 385.37
Income Tax – Total -214.09 -700.08 -1,137.47 38.27 143.74
Income After Tax -1,268.91 -3,223.77 -300.40 61.61 241.62
Minority Interest -- -0.02 0.28 -3.14 -52.93
Net Income Before Extraordinary Items -1,268.91 -3,223.79 -300.12 58.47 188.70
Discontinued Operations -802.72 -123.28 -1,194.93 -779.79 -874.04
Extraordinary Item 36.20
Total Extraordinary Items -766.52 -123.28 -1,194.93 -779.79 -874.04
Net Income -2,035.43 -3,347.07 -1,495.04 -721.32 -685.34
Income Available to Common Excluding Extraordinary Items -1,268.91 -3,223.79 -300.12 58.47 188.70
Income Available to Common Stocks Including Extraordinary Items -2,035.43 -3,347.07 -1,495.04 -721.32 -685.34
Basic Weighted Average Shares 223.20 222.65 197.10 146.90 113.30
Basic EPS Excluding Extraordinary Items -5.69 -14.48 -1.52 0.40 1.67
Basic EPS Including Extraordinary Items -9.12 -15.03 -7.59 -4.91 -6.05
Dilution Adjustment
Diluted Net Income -2,035.43 -3,347.07 -1,495.04 -721.32 -685.34
Diluted Weighted Average Shares 223.20 222.65 197.10 146.90 113.30
Diluted EPS Excluding Extraordinary Items -5.69 -14.48 -1.52 0.40 1.67
Diluted EPS Including Extraordinary Items -9.12 -15.03 -7.59 -4.91 -6.05
DPS - Common Stock Primary Issue -- -- --
Dividend per Share – Common Stock Issue 2
Gross Dividends - Common Stock -- -- -- -- --
Other Unusual Expense (Income), Supplemental 212.45 107.49 125.41 25.76 91.53
Non-Recurring Items, Total 212.45 107.49 125.41 25.76 91.53
Total Special Items 1.66M 4.00M 1.48M 194.39 101.52
Normalized Income Before Taxes 179.63 76.35 44.44 294.26 486.88
Effect of Special Items on Income Taxes 581.92 1.40M 518.81 74.48 37.87
Income Taxes Excluding Impact of Special Items 367.83 699.99 -618.66 112.75 181.61
Normalized Income After Taxes -188.20 -623.64 663.10 181.52 305.28
Normalized Income Available to Common -188.20 -623.65 663.38 178.38 252.35
Basic Normalized EPS -0.84 -2.80 3.37 1.21 2.23
Diluted Normalized EPS -0.84 -2.80 3.37 1.21 2.23
Amortization of Intangibles, Supplemental 773.77 876.45 561.30 218.71 124.15
Depreciation, Supplemental 210.00 106.86 71.45 112.94 131.52
Interest Expense, Supplemental 494.69 456.40 378.90
Rental Expense, Supplemental 18.70 22.20 20.10 8.50 18.70
Stock-Based Compensation, Supplemental 50.15 59.77 61.19 32.67 39.00
Advertising Expense, Supplemental 42.00 47.90 57.90 28.10 31.60
Equity in Affiliates, Supplemental -0.90 1.19 -3.22 8.33 1.48
Minority Interest, Supplemental -- -0.02 0.28 -3.14 -52.93
Research & Development Expense, Supplemental 172.07 183.37 102.20 112.71 97.47
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 35.76 34.29 36.50 48.27 58.27
Operating Margin -29.17 -86.57 -30.82 12.60 26.18
Pretax Margin -42.75 -97.85 -43.99 4.20 18.14
Effective Tax Rate 38.31 37.30
Net Profit Margin -36.58 -80.39 -9.18 2.46 8.88
Normalized EBIT 650.84 528.69 474.97 494.25 657.83
Normalized EBITDA 1.63M 1.51M 1.11M 825.90 913.49
Current Tax - Domestic -86.48 18.37 -308.91 30.39 93.21
Current Tax - Foreign -6.46 9.50 -5.60 16.27 10.98
Current Tax - Local -1.22 22.85 16.72 -2.55 --
Current Tax - Total -94.16 50.72 -297.79 44.11 104.19
Deferred Tax - Domestic -88.48 -661.48 -779.76 -31.92 36.37
Deferred Tax - Foreign -3.23 -0.24 -70.22 -7.74 -1.34
Deferred Tax - Local -28.22 -83.62 -9.38 -0.62 --
Deferred Tax - Total -119.93 -745.34 -859.35 -40.28 35.03
Other Tax -- -5.46 19.68 34.44 4.52
Income Tax - Total -214.09 -700.08 -1,137.47 38.27 143.74
Defined Contribution Expense - Domestic 9.40 11.50 8.60
Total Pension Expense 9.40 11.50 8.60

In millions of USD (except for per share items)