Interactive Financials

Income Statement

  Year Ending Dec 2019 Year Ending Dec 2018 Year Ending Dec 2017 Year Ending Dec 2016
Net Sales 22,319.5 21,493.3 19,973.8 21,222.1
Revenue 22,319.5 21,493.3 19,973.8 21,222.1
Total Revenue 22,319.5 21,493.3 19,973.8 21,222.1
Cost of Revenue 4,721.2 4,681.7 4,447.7 5,654.9
Cost of Revenue, Total 4,721.2 4,681.7 4,447.7 5,654.9
Gross Profit 17,598.3 16,811.6 15,526.1 15,567.2
Selling/General/Administrative Expense 6,213.8 5,975.1 5,982.4 6,452
Selling/General/Administrative Expenses, Total 6,213.8 5,975.1 5,982.4 6,452
Research & Development 5,595 5,051.2 5,096.2 5,243.9
Purchased R&D Written-Off 239.6 1,983.9 1,112.6 30
Restructuring Charge 77.8 127.8 601 126.7
Litigation
Impairment-Assets Held for Use 497.8 139.1 730.6 255.8
Other Unusual Expense (Income) (57.3)
Unusual Expense (Income) 757.9 2,250.8 2,444.2 412.5
Other, Net
Other Operating Expenses, Total
Total Operating Expense 17,287.9 17,958.8 17,970.5 17,763.3
Operating Income 5,031.6 3,534.5 2,003.3 3,458.8
Interest Expense - Non-Operating (400.6) (242.5) (225) (232.9)
Interest Capitalized - Non-Operating 47.7
Interest Expense, Net Non-Operating (400.6) (242.5) (225) (185.2)
Interest Income, Non-Operating 80.4 159.3 166.4 108.7
Interest/Investment Income, Non-Operating 80.4 159.3 166.4 108.7
Interest Income (Expense), Net-Non-Operating, Total (320.2) (83.2) (58.6) (76.5)
Other Non-Operating Income (Expense) 554.5 228.8 360.1 (8.3)
Other, Net 554.5 228.8 360.1 (8.3)
Net Income Before Taxes 5,265.9 3,680.1 2,304.8 3,374
Income Tax – Total 628 354.2 (2,188.8) 636.4
Income After Tax 4,637.9 3,325.9 4,493.6 2,737.6
Net Income Before Extraordinary Items 4,637.9 3,325.9 4,493.6 2,737.6
Discontinued Operations 3,680.5 81.4 (117.7)
Extraordinary Item (175.3) (4,580)
Total Extraordinary Items 3,680.5 (93.9) (4,697.7)
Net Income 8,318.4 3,232 (204.1) 2,737.6
Income Available to Common Excluding Extraordinary Items 4,637.9 3,325.9 4,493.6 2,737.6
Income Available to Common Stocks Including Extraordinary Items 8,318.4 3,232 (204.1) 2,737.6
Basic Weighted Average Shares 931.1 1,027.7 1,052 1,058.3
Basic EPS Excluding Extraordinary Items 5 3.2 4.3 2.6
Basic EPS Including Extraordinary Items 8.9 3.1 (0.2) 2.6
Diluted Net Income 8,318.4 3,232 (204.1) 2,737.6
Diluted Weighted Average Shares 935.7 1,033.7 1,052 1,061.8
Diluted EPS Excluding Extraordinary Items 5 3.2 4.3 2.6
Diluted EPS Including Extraordinary Items 8.9 3.1 (0.2) 2.6
DPS - Common Stock Primary Issue 2.6 2.3 2.1 2
Gross Dividends - Common Stock 2,430.5 2,372 2,234.6 2,167.6
Total Special Items 757.9 2,250.8 2,444.2 412.5
Normalized Income Before Taxes 6,023.8 5,930.9 4,749 3,786.5
Effect of Special Items on Income Taxes 61.8 25.7 466.1 72.1
Income Taxes Excluding Impact of Special Items 689.8 379.9 (1,722.7) 708.5
Normalized Income After Taxes 5,334 5,551 6,471.7 3,078
Normalized Income Available to Common 5,334 5,551 6,471.7 3,078
Basic Normalized EPS 5.7 5.4 6.2 2.9
Diluted Normalized EPS 5.7 5.4 6.2 2.9
Amortization of Intangibles, Supplemental 225.8 361.3 462.2 687.9
Depreciation, Supplemental 1,006.8 1,247.7 1,105.1 808.7
Interest Expense, Supplemental 400.6 242.5 225 185.2
Interest Capitalized, Supplemental (47.7)
Rental Expense, Supplemental 172.8 175.7 177.4 221
Stock-Based Compensation, Supplemental 306.8 253.5 256.3 255.3
Research & Development Expense, Supplemental 5,595 5,051.2 5,096.2 5,243.9
Audit-Related Fees, Supplemental 12.8
Audit-Related Fees 0.6
Tax Fees, Supplemental 6.7
All Other Fees Paid to Auditor, Supplemental
Gross Margin 78.8 78.2 77.7 73.4
Operating Margin 22.5 16.4 10 16.3
Pretax Margin 23.6 17.1 11.5 15.9
Effective Tax Rate 11.9 9.6 (95) 18.9
Net Profit Margin 20.8 15.5 22.5 12.9
Normalized EBIT 5,789.5 5,785.3 4,447.5 3,871.3
Normalized EBITDA 7,022.1 7,394.3 6,014.8 5,367.9
Current Tax - Domestic 280.2 (31.9) (69) (57)
Current Tax - Foreign 299.8 106.8 47.5 378.9
Current Tax - Local (14.4) 4.7 (5.4) (125)
Current Tax - Total 565.6 79.6 (26.9) 196.9
Deferred Tax - Domestic 141.3 22.5 (1,931.2) 517
Deferred Tax - Foreign (24.1) 248.7 (230.9) (83.3)
Deferred Tax - Local (54.8) 3.4 0.2 5.8
Deferred Tax - Total 62.4 274.6 (2,161.9) 439.5
Income Tax - Total 628 354.2 (2,188.8) 636.4
Interest Cost - Domestic 486 420.8
Service Cost - Domestic 250.4 277.7
Prior Service Cost - Domestic 6.1 11.8
Expected Return on Assets - Domestic (839.6) (752.1)
Actuarial Gains and Losses - Domestic 284.9 285.6
Curtailments & Settlements - Domestic 2.2
Other Pension, Net - Domestic
Domestic Pension Plan Expense 190 243.8
Prior Service Cost - Foreign (85.8)
Foreign Pension Plan Expense (85.8)
Interest Cost - Post-Retirement 58 53.2
Service Cost - Post-Retirement 36.3 39.1
Prior Service Cost - Post-Retirement (62.9) (85.8)
Expected Return on Assets - Post-Retirement (144.3) (150.2)
Actuarial Gains and Losses - Post-Retirement 1.9 19.1
Curtailments & Settlements - Post-Retirement
Other Post-Retirement, Net
Post-Retirement Plan Expense (111) (124.6)
Defined Contribution Expense - Domestic
Total Pension Expense 79 33.4
Discount Rate - Domestic 4 4.3
Discount Rate - Post-Retirement 4.4 4.5
Expected Rate of Return - Domestic 7.4 7.4
Expected Rate of Return - Post-Retirement 6 8
Compensation Rate - Domestic 3.3 3.4
Total Plan Interest Cost 544 474
Total Plan Service Cost 286.7 316.8
Total Plan Expected Return (983.9) (902.3)
Total Plan Other Expense

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

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