Interactive Financials

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Income Statement

  Year Ending Dec 2017 Year Ending Dec 2016 Year Ending Dec 2015 Year Ending Dec 2014
Net Sales 22,871.3 21,222.1 19,958.7 19,615.6
Revenue 22,871.3 21,222.1 19,958.7 19,615.6
Total Revenue 22,871.3 21,222.1 19,958.7 19,615.6
Cost of Revenue 6,070.2 5,654.9 5,037.2 4,932.5
Cost of Revenue, Total 6,070.2 5,654.9 5,037.2 4,932.5
Gross Profit 16,801.1 15,567.2 14,921.5 14,683.1
Selling/General/Administrative Expense 6,588.1 6,452 6,533 6,620.8
Selling/General/Administrative Expenses, Total 6,588.1 6,452 6,533 6,620.8
Research & Development 5,281.8 5,243.9 4,796.4 4,733.6
Purchased R&D Written-Off 1,112.6 30 535 200.2
Restructuring Charge 697.4 126.7 141
Litigation
Impairment-Assets Held for Use 976.2 255.8 226.7 468.7
Other Unusual Expense (Income) 166.7
Unusual Expense (Income) 2,786.2 412.5 1,069.4 668.9
Other, Net
Other Operating Expenses, Total
Total Operating Expense 20,726.3 17,763.3 17,436 16,955.8
Operating Income 2,145 3,458.8 2,522.7 2,659.8
Interest Expense - Non-Operating (282.3) (232.9) (216) (187.1)
Interest Capitalized - Non-Operating 57.3 47.7 54.8 38.3
Interest Expense, Net Non-Operating (225) (185.2) (161.2) (148.8)
Interest Income, Non-Operating 167.3 108.7 87 121
Interest/Investment Income, Non-Operating 167.3 108.7 87 121
Interest Income (Expense), Net-Non-Operating, Total (57.7) (76.5) (74.2) (27.8)
Other Non-Operating Income (Expense) 110.1 (8.3) 341.5 368.3
Other, Net 110.1 (8.3) 341.5 368.3
Net Income Before Taxes 2,197.4 3,374 2,790 3,000.3
Income Tax – Total 487.5 636.4 381.6 609.8
Income After Tax 1,709.9 2,737.6 2,408.4 2,390.5
Net Income Before Extraordinary Items 1,709.9 2,737.6 2,408.4 2,390.5
Extraordinary Item (1,914)
Total Extraordinary Items (1,914)
Net Income (204.1) 2,737.6 2,408.4 2,390.5
Income Available to Common Excluding Extraordinary Items 1,709.9 2,737.6 2,408.4 2,390.5
Income Available to Common Stocks Including Extraordinary Items (204.1) 2,737.6 2,408.4 2,390.5
Basic Weighted Average Shares 1,052 1,058.3 1,061.9 1,069.9
Basic EPS Excluding Extraordinary Items 1.6 2.6 2.3 2.2
Basic EPS Including Extraordinary Items (0.2) 2.6 2.3 2.2
Dilution Adjustment
Diluted Net Income (204.1) 2,737.6 2,408.4 2,390.5
Diluted Weighted Average Shares 1,052 1,061.8 1,065.7 1,074.3
Diluted EPS Excluding Extraordinary Items 1.6 2.6 2.3 2.2
Diluted EPS Including Extraordinary Items (0.2) 2.6 2.3 2.2
DPS - Common Stock Primary Issue 2.1 2 2 2
Gross Dividends - Common Stock 2,234.6 2,167.6 2,136 2,108.1
Total Special Items 2,786.2 412.5 1,069.4 668.9
Normalized Income Before Taxes 4,983.6 3,786.5 3,859.4 3,669.2
Effect of Special Items on Income Taxes 371.3 72.1 73.1 95.3
Income Taxes Excluding Impact of Special Items 858.8 708.5 454.7 705.1
Normalized Income After Taxes 4,124.8 3,078 3,404.7 2,964.1
Normalized Income Available to Common 4,124.8 3,078 3,404.7 2,964.1
Basic Normalized EPS 3.9 2.9 3.2 2.8
Diluted Normalized EPS 3.9 2.9 3.2 2.8
Amortization of Intangibles, Supplemental 683.4 687.9 631.8 535.9
Depreciation, Supplemental 883.9 808.7 795.9 843.1
Interest Expense, Supplemental 225 185.2 161.2 148.8
Interest Capitalized, Supplemental (57.3) (47.7) (54.8) (38.3)
Rental Expense, Supplemental 224.5 221 225.7 227.3
Stock-Based Compensation, Supplemental 281.3 255.3 217.8 156
Research & Development Expense, Supplemental 5,281.8 5,243.9 4,796.4 4,733.6
Audit-Related Fees, Supplemental 14.8 12.8 13.1 10.3
Audit-Related Fees 0.5 0.6 0.7 1.3
Tax Fees, Supplemental 4.8 6.7 5.6 2.3
All Other Fees Paid to Auditor, Supplemental 0.1 0.1
Gross Margin 73.5 73.4 74.8 74.9
Operating Margin 9.4 16.3 12.6 13.6
Pretax Margin 9.6 15.9 14 15.3
Effective Tax Rate 22.2 18.9 13.7 20.3
Net Profit Margin 7.5 12.9 12.1 12.2
Normalized EBIT 4,931.2 3,871.3 3,592.1 3,328.7
Normalized EBITDA 6,498.5 5,367.9 5,019.8 4,707.7
Current Tax - Domestic (100.6) (57) 660.5 168.9
Current Tax - Foreign 38.5 378.9 422 406.2
Current Tax - Local 4 (125) 47.5 (2.1)
Current Tax - Total (58.1) 196.9 1,130 573
Deferred Tax - Domestic 801.5 517 (689.6) (83.3)
Deferred Tax - Foreign (256.3) (83.3) (66) 120.2
Deferred Tax - Local 0.4 5.8 7.2 (0.1)
Deferred Tax - Total 545.6 439.5 (748.4) 36.8
Income Tax - Total 487.5 636.4 381.6 609.8
Interest Cost - Domestic 413.4 420.8 476.8 472.6
Service Cost - Domestic 331.3 277.7 315.7 240.9
Prior Service Cost - Domestic 5.7 11.8 10.4 3.6
Expected Return on Assets - Domestic (776) (752.1) (782.3) (756.6)
Actuarial Gains and Losses - Domestic 288.2 285.6 383.2 282.3
Curtailments & Settlements - Domestic 93.5
Other Pension, Net - Domestic 317.2
Domestic Pension Plan Expense 673.3 243.8 403.8 242.8
Prior Service Cost - Foreign (90) (85.8) (91.1)
Foreign Pension Plan Expense (90) (85.8) (91.1)
Interest Cost - Post-Retirement 52.9 53.2 62.6 85.6
Service Cost - Post-Retirement 46.4 39.1 45.1 33
Prior Service Cost - Post-Retirement (90) (85.8) (91.1) (37.6)
Expected Return on Assets - Post-Retirement (160.7) (150.2) (150) (146.4)
Actuarial Gains and Losses - Post-Retirement 18.4 19.1 38 20.7
Curtailments & Settlements - Post-Retirement 65.5
Other Post-Retirement, Net 37.5
Post-Retirement Plan Expense (30) (124.6) (95.4) (44.7)
Defined Contribution Expense - Domestic
Total Pension Expense 553.3 33.4 217.3 198.1
Discount Rate - Domestic 3.9 4.3 4 4.9
Discount Rate - Post-Retirement 4.3 4.5 4.1 5
Expected Rate of Return - Domestic 7.4 7.4 7.4 8.1
Expected Rate of Return - Post-Retirement 8 8 8 8.5
Compensation Rate - Domestic 3.4 3.4 3.4 3.4
Total Plan Interest Cost 466.3 474 539.4 558.2
Total Plan Service Cost 377.7 316.8 360.8 273.9
Total Plan Expected Return (936.7) (902.3) (932.3) (903)
Total Plan Other Expense 354.7

In millions of USD (except for per share items); all data is GAAP

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