INCOME STATEMENT

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
In millions of USD
(except for per share items)
Net Sales 27,199.70 32,789.20 36,534.20 29,241.50 23,022.30
Revenue 27,199.70 32,789.20 36,534.20 29,241.50 23,022.30
Total Revenue 27,199.70 32,789.20 36,534.20 29,241.50 23,022.30
Cost of Revenue 18,684.70 23,914.10 28,476.80 23,018.30 19,643.50
Cost of Revenue, Total 18,684.70 23,914.10 28,476.80 23,018.30 19,643.50
Gross Profit 8,515.00 8,875.10 8,057.40 6,223.20 3,378.80
Selling / General / Administrative Expense 219.60 211.70 208.30 181.10 160.10
Selling / General / Administrative Expenses, Total 219.60 211.70 208.30 181.10 160.10
Investment Income – Operating -426.10 -563.00 -480.00 -426.00 -362.00
Interest / Investment Income – Operating -426.10 -563.00 -480.00 -426.00 -362.00
Interest Expense (Income), Net – Operating, Total -426.10 -563.00 -480.00 -426.00 -362.00
Impairment – Assets Held for Use 890.60 132.70 50.50 49.80
Loss (Gain) on Sale of Assets – Operating -4.40 -5.70 -28.70 -10.70
Other Unusual Expense (Income) -39.40
Unusual Expense (Income) 886.20 127.00 -17.60 39.10
Other Operating Expense 2,800.20 3,020.70 2,898.70 2,500.10
Other Operating Expenses, Total 2,800.20 3,020.70 2,898.70 2,500.10
Total Operating Expense 22,164.60 26,710.50 31,086.20 25,312.60 19,441.60
Operating Income 5,035.10 6,078.70 5,448.00 3,928.90 3,580.70
Interest Expense – Non-Operating -1,330.60 -1,251.60 -1,195.40 -1,110.40 -1,088.90
Interest Capitalized – Non-Operating 115.00 143.80 147.90 192.10 168.20
Interest Expense, Net – Non-Operating -1,215.60 -1,107.80 -1,047.50 -918.30 -920.70
Interest Income – Non-Operating 13.40 11.60
Investment Income – Non-Operating -41.60 -227.00 -64.20 -102.30 -54.70
Interest / Investment Income – Non-Operating -28.20 -215.40 -64.20 -102.30 -54.70
Interest Income (Expense), Net – Non-Operating -0.20 -0.30
Interest Income (Expense), Net – Non-Operating, Total -1,243.80 -1,323.20 -1,111.70 -1,020.80 -975.70
Other Non-Operating Income (Expense) -29.90 -22.80 -37.50 -26.80 -28.60
Other, Net -29.90 -22.80 -37.50 -26.80 -28.60
Net Income Before Taxes 3,761.40 4,732.70 4,298.80 2,881.30 2,576.40
Income Tax – Total -124.30 45.60 60.30 25.70 23.40
Net Income After Taxes 3,885.70 4,687.10 4,238.50 2,855.60 2,553.00
Minority Interest -110.10 -95.80 -66.10 -56.30 -39.90
Net Income Before Extraordinary Items 3,775.60 4,591.30 4,172.40 2,799.30 2,513.10
Net Income 3,775.60 4,591.30 4,172.40 2,799.30 2,513.10
Preferred Distributions -0.90
Miscellaneous Earnings Adjustment -32.00 -27.70 -21.50 -15.90 -12.90
Total Adjustments to Net Income -32.90 -27.70 -21.50 -15.90 -12.90
Income Available to Common Excluding Extraordinary Items 3,742.70 4,563.60 4,150.90 2,783.40 2,500.20
Income Available to Common Stocks Including Extraordinary Items 3,742.70 4,563.60 4,150.90 2,783.40 2,500.20
Basic Weighted Average Shares 2,185.80 2,188.60 2,176.50 2,145.00 2,081.40
Basic EPS Excluding Extraordinary Items 1.71 2.09 1.91 1.30 1.20
Basic EPS Including Extraordinary Items 1.71 2.09 1.91 1.30 1.20
Diluted Net Income 3,742.70 4,563.60 4,150.90 2,783.40 2,500.20
Diluted Weighted Average Shares 2,185.80 2,201.70 2,187.00 2,154.30 2,513.10
Diluted EPS Excluding Extraordinary Items 1.71 2.07 1.90 1.29 0.99
Diluted EPS Including Extraordinary Items 1.71 2.07 1.90 1.29 0.99
DPS – Common Stock Primary Issue 1.78 1.76 1.72 1.67 1.59
Gross Distributions – Common Stock 3,891.00 3,839.80 3,726.90 3,569.90 3,300.50
(Gain) Loss on Sale of Assets, Supplemental -2.50
Impairment – Assets Held for Sale, Supplemental
Impairment – Assets Held for Use, Supplemental 45.20
Non-Recurring Items, Total 42.70
Total Special Items 886.20 127.00 -17.60 39.10 42.70
Normalized Income Before Taxes 4,647.60 4,859.70 4,281.20 2,920.40 2,619.10
Effect of Special Items on Income Taxes 310.17 1.22 -0.25 0.35 0.39
Income Taxes Excluding Impact of Special Items 185.87 46.82 60.05 26.05 23.79
Normalized Income After Taxes 4,461.73 4,812.88 4,221.15 2,894.35 2,595.31
Normalized Income Available to Common 4,318.73 4,689.38 4,133.55 2,822.15 2,542.51
Basic Normalized EPS 1.98 2.14 1.90 1.32 1.22
Diluted Normalized EPS 1.98 2.13 1.89 1.31 1.01
Amortization of Intangibles, Supplemental 143.20 174.70 170.30 166.90 171.30
Depreciation, Supplemental 1,928.70 1,774.60 1,621.30 1,477.10 1,380.70
Interest Expense, Supplemental 1,215.60 1,107.80 1,047.50 918.30 920.70
Interest Capitalized, Supplemental -115.00 -143.80 -147.90 -192.10 -168.20
Rental Expense, Supplemental 102.00 106.60 86.40 103.60 110.10
Stock-Based Compensation, Supplemental 159.10 143.90 106.10 99.70 0.50
Equity in Affiliates, Supplemental 426.10 563.00 480.00 426.00 362.00
Minority Interest, Supplemental -110.10 -95.80 -66.10 -56.30 -39.90
Audit Fees, Supplemental 5.28 5.25 5.05 4.88
Audit-Related Fees, Supplemental
Tax Fees, Supplemental
All Other Fees Paid to Auditor, Supplemental
Gross Margin 31.31 27.07 22.05 21.28 14.68
Operating Margin 18.51 18.54 14.91 13.44 15.55
Pretax Margin 13.83 14.43 11.77 9.85 11.19
Effective Tax Rate -3.30 0.96 1.40 0.89 0.91
Net Profit Margin 13.76 13.92 11.36 9.52 10.86
Normalized EBIT 5,495.20 5,642.70 4,950.40 3,542.00 3,261.40
Normalized EBITDA 7,567.10 7,592.00 6,742.00 5,186.00 4,813.40
Current Tax – Domestic -2.90 -1.30 5.30 0.10 -0.50
Current Tax – Foreign 0.60 1.20 0.50 1.00 0.60
Current Tax – Local 25.60 25.70 33.10 18.50 16.70
Current Tax – Total 23.30 25.60 38.90 19.60 16.80
Deferred Tax – Domestic -142.00 1.60 -0.30 -1.80 1.10
Deferred Tax – Foreign -0.10 0.30
Deferred Tax – Local -5.60 18.50 21.70 7.90 5.20
Deferred Tax – Total -147.60 20.00 21.40 6.10 6.60
Income Tax – Total -124.30 45.60 60.30 25.70 23.40
For a more complete picture of our financial results, please review our SEC Filings

Copyright Refinitiv