Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Reclassified)
Net Sales 1.06M 987.60 1.03M 1.10M
Sales Returns and Allowances -1.50 -2.90
Revenue 1.06M 987.60 1.03M 1.10M
Total Revenue 1.06M 987.60 1.03M 1.10M
Cost of Revenue 480.20 455.60 480.60 513.90
Cost of Revenue, Total 480.20 455.60 480.60 513.90
Gross Profit 578.90 532.00 545.20 590.10
Selling/General/Administrative Expense 357.90 330.70 320.90 344.70
Advertising Expense 10.00 9.10 10.10
Selling/General/Administrative Expenses, Total 367.90 339.80 331.00 344.70
Research & Development 104.50 96.50 102.20 118.30
Amortization of Intangibles, Operating 54.90 35.10 48.20 53.40
Depreciation/Amortization 54.90 35.10 48.20 53.40
Investment Income - Operating
Interest/Investment Income - Operating
Interest Expense (Income), Net-Operating, Total
Purchased R&D Written-Off
Restructuring Charge 83.40 70.80 47.50 72.70
Litigation
Impairment-Assets Held for Use
Loss (Gain) on Sale of Assets - Operating
Other Unusual Expense (Income) 18.00 -57.90 9.60 16.20
Unusual Expense (Income) 101.40 12.90 57.10 88.90
Total Operating Expense 1.11M 939.90 1.02M 1.12M
Operating Income -49.80 47.70 6.70 -15.20
Interest Expense - Non-Operating -18.70 -16.80 -17.80 -21.00
Interest Expense, Net Non-Operating -18.70 -16.80 -17.80 -21.00
Interest Income, Non-Operating
Investment Income, Non-Operating
Interest/Investment Income, Non-Operating
Interest Income (Expense), Net-Non-Operating, Total -18.70 -16.80 -17.80 -21.00
Other Non-Operating Income (Expense) -0.10 2.80 20.70 6.00
Other, Net -0.10 2.80 20.70 6.00
Net Income Before Taxes -68.60 33.70 9.60 -30.20
Income Tax – Total -17.40 -1.30 3.10 -22.90
Income After Tax -51.20 35.00 6.50 -7.30
Net Income Before Extraordinary Items -51.20 35.00 6.50 -7.30
Discontinued Operations -1.40 -252.30 -27.20 --
Extraordinary Item 2.90
Tax on Extraordinary Items
Total Extraordinary Items 1.50 -252.30 -27.20 --
Net Income -49.70 -217.30 -20.70 -7.30
Preferred Dividends
Total Adjustments to Net Income
Income Available to Common Excluding Extraordinary Items -51.20 35.00 6.50 -7.30
Income Available to Common Stocks Including Extraordinary Items -49.70 -217.30 -20.70 -7.30
Basic Weighted Average Shares 120.70 121.50 113.70 95.60
Basic EPS Excluding Extraordinary Items -0.42 0.29 0.06 -0.08
Basic EPS Including Extraordinary Items -0.41 -1.79 -0.18 -0.08
Dilution Adjustment -- --
Diluted Net Income -49.70 -217.30 -20.70 -7.30
Diluted Weighted Average Shares 120.70 121.50 113.70 95.60
Diluted EPS Excluding Extraordinary Items -0.42 0.29 0.06 -0.08
Diluted EPS Including Extraordinary Items -0.41 -1.79 -0.18 -0.08
DPS - Common Stock Primary Issue -- --
Dividend per Share – Common Stock Issue 2
Gross Dividends - Common Stock -- -- -- --
Total Special Items 101.40 12.90 57.10 88.90
Normalized Income Before Taxes 32.80 46.60 66.70 58.70
Effect of Special Items on Income Taxes 35.49 4.52 18.44 31.12
Income Taxes Excluding Impact of Special Items 18.09 3.22 21.54 8.22
Normalized Income After Taxes 14.71 43.39 45.16 50.49
Normalized Income Available to Common 14.71 43.39 45.16 50.49
Basic Normalized EPS 0.12 0.36 0.40 0.53
Diluted Normalized EPS 0.12 0.36 0.40 0.53
Amortization of Intangibles, Supplemental 54.90 35.10 48.20 53.40
Depreciation, Supplemental 21.10 65.60 50.90 22.50
Interest Expense, Supplemental 18.70 16.80 17.80 21.00
Rental Expense, Supplemental 24.50 21.70 21.30 27.90
Stock-Based Compensation, Supplemental 14.40 16.80 12.80 6.10
Advertising Expense, Supplemental 10.00 9.10 10.10
Research & Development Expense, Supplemental 104.50 96.50 102.20 118.30
Audit-Related Fees, Supplemental 2.46 2.44 1.98 1.99
Audit-Related Fees 0.05 0.07 0.06 0.19
Tax Fees, Supplemental 0.07 0.06 0.13 0.17
All Other Fees Paid to Auditor, Supplemental 0.03 0.16 0.13 0.10
Gross Margin 54.66 53.87 53.15 53.45
Operating Margin -4.70 4.83 0.65 -1.38
Pretax Margin -6.48 3.41 0.94 -2.74
Effective Tax Rate -3.86 32.29
Net Profit Margin -4.83 3.54 0.63 -0.66
Normalized EBIT 51.60 60.60 63.80 73.70
Normalized EBITDA 127.60 161.30 162.90 149.60
Current Tax - Domestic 0.10
Current Tax - Foreign -6.30
Current Tax - Total 15.70 15.60 7.70
Current Tax - Total -6.20 15.70 15.60 7.70
Deferred Tax - Domestic -2.60 -17.00 -12.50 -30.60
Deferred Tax - Foreign 29.10
Deferred Tax - Total
Deferred Tax - Total 26.50 -17.00 -12.50 -30.60
Other Tax
Income Tax - Total 20.30 -1.30 3.10 -22.90
Interest Cost - Foreign 8.70 10.50 13.20
Service Cost - Foreign 2.20 2.60 2.20
Expected Return on Assets - Foreign -9.30 -10.30 -13.20
Actuarial Gains and Losses - Foreign -1.20 0.20 0.80
Foreign Pension Plan Expense 0.40 3.00 3.00
Defined Contribution Expense - Foreign 12.80 12.10 14.30
Total Pension Expense 13.20 15.10 17.30
Discount Rate - Foreign 2.70 3.95 4.70
Expected Rate of Return - Domestic 4.15 5.15 6.00
Compensation Rate - Foreign
Total Plan Interest Cost 8.70 10.50 13.20
Total Plan Service Cost 2.20 2.60 2.20
Total Plan Expected Return -9.30 -10.30 -13.20

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