Income Statement
Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | |
---|---|---|---|
Net Sales | 2,173.63 | 1,795.56 | 1,981.57 |
Revenue | 2,173.63 | 1,795.56 | 1,981.57 |
Total Revenue | 2,173.63 | 1,795.56 | 1,981.57 |
Cost of Revenue | 1,459.73 | 1,273.38 | 1,408.40 |
Cost of Revenue, Total | 1,459.73 | 1,273.38 | 1,408.40 |
Gross Profit | 713.91 | 522.19 | 573.17 |
Selling/General/Administrative Expense | 312.78 | 290.45 | 300.52 |
Selling/General/Administrative Expenses, Total | 312.78 | 290.45 | 300.52 |
Research & Development | 208.69 | 185.10 | 197.24 |
Amortization of Intangibles, Operating | 18.92 | 25.72 | 35.80 |
Depreciation/Amortization | 18.92 | 25.72 | 35.80 |
Restructuring Charge | 43.99 | -13.63 | 54.62 |
Impairment-Assets Held for Use | 0.00 | 38.48 | -- |
Other Unusual Expense (Income) | 0.67 | 3.51 | 64.29 |
Unusual Expense (Income) | 44.66 | 28.36 | 118.91 |
Total Operating Expense | 2,044.77 | 1,803.00 | 2,060.87 |
Operating Income | 128.87 | -7.44 | -79.30 |
Interest Expense - Non-Operating | -8.35 | -6.72 | -28.64 |
Interest Expense, Net Non-Operating | -8.35 | -6.72 | -28.64 |
Interest Income, Non-Operating | 9.31 | 2.63 | 1.56 |
Investment Income, Non-Operating | -- | -- | -- |
Interest/Investment Income, Non-Operating | 9.31 | 2.63 | 1.56 |
Interest Income (Expense), Net-Non-Operating, Total | 0.97 | -4.09 | -27.08 |
Other Non-Operating Income (Expense) | -2.45 | -4.21 | -17.43 |
Other, Net | -2.45 | -4.21 | -17.43 |
Net Income Before Taxes | 127.39 | -15.74 | -123.81 |
Income Tax – Total | 29.07 | -6.20 | -45.51 |
Income After Tax | 98.32 | -9.55 | -78.30 |
Minority Interest | -1.40 | -0.19 | -2.96 |
Net Income Before Extraordinary Items | 96.92 | -9.73 | -81.26 |
Extraordinary Item | -- | -- | -- |
Total Extraordinary Items | -- | -- | -- |
Net Income | 96.92 | -9.73 | -81.26 |
Income Available to Common Excluding Extraordinary Items | 96.92 | -9.73 | -81.26 |
Income Available to Common Stocks Including Extraordinary Items | 96.92 | -9.73 | -81.26 |
Basic Weighted Average Shares | 45.42 | 45.10 | 44.30 |
Basic EPS Excluding Extraordinary Items | 2.13 | -0.22 | -1.83 |
Basic EPS Including Extraordinary Items | 2.13 | -0.22 | -1.83 |
Diluted Net Income | 96.92 | -9.73 | -81.26 |
Diluted Weighted Average Shares | 45.84 | 45.10 | 44.30 |
Diluted EPS Excluding Extraordinary Items | 2.11 | -0.22 | -1.83 |
Diluted EPS Including Extraordinary Items | 2.11 | -0.22 | -1.83 |
DPS - Common Stock Primary Issue | -- | -- | -- |
Gross Dividends - Common Stock | 0.00 | 0.00 | 0.00 |
Other Unusual Expense (Income), Supplemental | 0.14 | 1.18 | 11.53 |
Non-Recurring Items, Total | 0.14 | 1.18 | 11.53 |
Total Special Items | 44.80 | 29.54 | 130.44 |
Normalized Income Before Taxes | 172.18 | 13.80 | 6.63 |
Effect of Special Items on Income Taxes | 10.34 | 8.47 | 45.65 |
Income Taxes Excluding Impact of Special Items | 39.41 | 2.27 | 0.14 |
Normalized Income After Taxes | 132.77 | 11.53 | 6.49 |
Normalized Income Available to Common | 131.38 | 11.34 | 3.53 |
Basic Normalized EPS | 2.89 | 0.25 | 0.08 |
Diluted Normalized EPS | 2.87 | 0.25 | 0.08 |
Amortization of Intangibles, Supplemental | 18.92 | 25.72 | 35.80 |
Depreciation, Supplemental | 36.85 | 41.05 | 48.35 |
Interest Expense, Supplemental | 8.35 | 6.72 | 28.64 |
Rental Expense, Supplemental | 18.80 | 19.09 | 20.58 |
Stock-Based Compensation, Supplemental | 33.38 | 23.20 | 26.86 |
Minority Interest, Supplemental | -1.40 | -0.19 | -2.96 |
Research & Development Expense, Supplemental | 208.69 | 185.10 | 197.24 |
Audit-Related Fees, Supplemental | -- | 7.36 | 7.17 |
Audit-Related Fees | -- | 0.00 | 0.00 |
Tax Fees, Supplemental | -- | 2.71 | 2.72 |
All Other Fees Paid to Auditor, Supplemental | -- | 0.00 | 0.00 |
Gross Margin | 32.84 | 29.08 | 28.92 |
Operating Margin | 5.93 | -0.41 | -4.00 |
Pretax Margin | 5.86 | -0.88 | -6.25 |
Effective Tax Rate | 22.82 | -- | -- |
Net Profit Margin | 4.46 | -0.54 | -4.10 |
Normalized EBIT | 173.66 | 22.10 | 51.14 |
Normalized EBITDA | 229.43 | 88.87 | 135.30 |
Current Tax - Domestic | 43.10 | -2.69 | 20.20 |
Current Tax - Foreign | 8.57 | 25.43 | 12.59 |
Current Tax - Local | 12.04 | 3.70 | 7.27 |
Current Tax - Total | 63.71 | 26.44 | 40.06 |
Deferred Tax - Domestic | -29.72 | -24.17 | -36.20 |
Deferred Tax - Foreign | 1.07 | -23.83 | -12.66 |
Deferred Tax - Local | -6.47 | -4.72 | -12.19 |
Deferred Tax - Total | -35.12 | -52.72 | -61.04 |
Other Tax | 0.47 | 20.09 | -24.54 |
Income Tax - Total | 29.07 | -6.20 | -45.51 |
Interest Cost - Domestic | 2.86 | 1.68 | 1.38 |
Service Cost - Domestic | 2.45 | 2.91 | 4.48 |
Prior Service Cost - Domestic | 0.06 | 0.07 | 0.07 |
Expected Return on Assets - Domestic | -0.36 | -0.31 | -0.35 |
Actuarial Gains and Losses - Domestic | -0.07 | 1.49 | 2.18 |
Curtailments & Settlements - Domestic | -0.12 | 0.15 | -0.56 |
Domestic Pension Plan Expense | 4.83 | 5.98 | 7.21 |
Defined Contribution Expense - Domestic | 16.96 | 14.24 | 66.33 |
Total Pension Expense | 21.79 | 20.22 | 73.54 |
Discount Rate - Domestic | 4.14 | 1.93 | 1.10 |
Expected Rate of Return - Domestic | 3.99 | 3.45 | 3.45 |
Compensation Rate - Domestic | 4.26 | 3.88 | 3.68 |
Total Plan Interest Cost | 2.86 | 1.68 | 1.38 |
Total Plan Service Cost | 2.45 | 2.91 | 4.48 |
Total Plan Expected Return | -0.36 | -0.31 | -0.35 |
In millions of USD (except for per share items)
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