Income Statement

  Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 1,930.20 1,939.40 1,638.80 1,731.10 1,661.90
Revenue 1,930.20 1,939.40 1,638.80 1,731.10 1,661.90
Total Revenue 1,930.20 1,939.40 1,638.80 1,731.10 1,661.90
Cost of Revenue 1,539.10 1,493.20 1,287.60 1,344.90 1,099.70
Cost of Revenue, Total 1,539.10 1,493.20 1,287.60 1,344.90 1,099.70
Gross Profit 391.10 446.20 351.20 386.20 562.20
Selling/General/Administrative Expense 246.40 263.90 232.40 243.30 242.80
Advertising Expense -- -- -- -- --
Selling/General/Administrative Expenses, Total 246.40 263.90 232.40 243.30 242.80
Research & Development -- -- -- -- --
Investment Income - Operating -11.50 -1.60 4.00 -2.00 -10.10
Interest/Investment Income - Operating -11.50 -1.60 4.00 -2.00 -10.10
Interest Expense (Income), Net-Operating, Total -11.50 -1.60 4.00 -2.00 -10.10
Loss (Gain) on Sale of Assets - Operating -- -- 0.20 0.20 0.20
Other Unusual Expense (Income) -- 0.00 -1.50 -2.60 0.00
Unusual Expense (Income) -- 0.00 -1.30 -2.40 0.20
Other, Net -3.40 -3.20 -1.60 -1.10 -0.80
Other Operating Expenses, Total -3.40 -3.20 -1.60 -1.10 -0.80
Total Operating Expense 1,770.60 1,752.30 1,521.10 1,582.70 1,331.80
Operating Income 159.60 187.10 117.70 148.40 330.10
Interest Expense - Non-Operating -16.90 -19.60 -19.00 -18.70 -19.50
Interest Expense, Net Non-Operating -16.90 -19.60 -19.00 -18.70 -19.50
Interest Income, Non-Operating 5.10 0.40 1.80 6.70 5.50
Investment Income, Non-Operating -1.00 2.00 -1.10 -0.10 -7.30
Interest/Investment Income, Non-Operating 4.10 2.40 0.70 6.60 -1.80
Interest Income (Expense), Net-Non-Operating, Total -12.80 -17.20 -18.30 -12.10 -21.30
Other Non-Operating Income (Expense) -12.90 -16.50 -19.40 -15.20 -15.00
Other, Net -12.90 -16.50 -19.40 -15.20 -15.00
Net Income Before Taxes 133.90 153.40 80.00 121.10 293.80
Income Tax – Total 29.40 40.50 16.10 34.00 88.80
Income After Tax 104.50 112.90 63.90 87.10 205.00
Net Income Before Extraordinary Items 104.50 112.90 63.90 87.10 205.00
Extraordinary Item -- -- -- 0.00 0.00
Total Extraordinary Items -- -- -- 0.00 0.00
Net Income 104.50 112.90 63.90 87.10 205.00
Income Available to Common Excluding Extraordinary Items 104.50 112.90 63.90 87.10 205.00
Income Available to Common Stocks Including Extraordinary Items 104.50 112.90 63.90 87.10 205.00
Basic Weighted Average Shares 115.50 115.50 115.60 115.80 115.90
Basic EPS Excluding Extraordinary Items 0.90 0.98 0.55 0.75 1.77
Basic EPS Including Extraordinary Items 0.90 0.98 0.55 0.75 1.77
Diluted Net Income 104.50 112.90 63.90 87.10 205.00
Diluted Weighted Average Shares 115.50 115.50 115.60 115.80 115.90
Diluted EPS Excluding Extraordinary Items 0.90 0.98 0.55 0.75 1.77
Diluted EPS Including Extraordinary Items 0.90 0.98 0.55 0.75 1.77
DPS - Common Stock Primary Issue 0.76 0.72 0.72 0.72 0.68
Gross Dividends - Common Stock 87.80 83.20 83.20 83.40 78.80
Total Special Items -- 0.00 -1.30 -2.40 0.20
Normalized Income Before Taxes 133.90 153.40 78.70 118.70 294.00
Effect of Special Items on Income Taxes -- 0.00 -0.26 -0.67 0.06
Income Taxes Excluding Impact of Special Items 29.40 40.50 15.84 33.33 88.86
Normalized Income After Taxes 104.50 112.90 62.86 85.37 205.14
Normalized Income Available to Common 104.50 112.90 62.86 85.37 205.14
Basic Normalized EPS 0.90 0.98 0.54 0.74 1.77
Diluted Normalized EPS 0.90 0.98 0.54 0.74 1.77
Depreciation, Supplemental 51.70 51.30 58.10 48.10 49.70
Interest Expense, Supplemental 16.90 19.60 19.00 18.70 19.50
Interest Capitalized, Supplemental -1.20 -1.10 -0.50 -0.60 -0.80
Rental Expense, Supplemental 5.50 7.70 7.60 8.20 15.00
Advertising Expense, Supplemental -- -- -- -- --
Research & Development Expense, Supplemental 15.00 17.00 16.00 17.00 16.00
Audit-Related Fees, Supplemental 4.10 4.07 3.85 3.83 3.62
Audit-Related Fees 0.02 0.04 0.03 0.04 0.07
Tax Fees, Supplemental 0.01 0.01 0.01 0.01 0.01
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 20.26 23.01 21.43 22.31 33.83
Operating Margin 8.27 9.65 7.18 8.57 19.86
Pretax Margin 6.94 7.91 4.88 7.00 17.68
Effective Tax Rate 21.96 26.40 20.13 28.08 30.22
Net Profit Margin 5.41 5.82 3.90 5.03 12.34
Normalized EBIT 148.10 185.50 120.40 144.00 320.20
Normalized EBITDA 199.80 236.80 178.50 192.10 369.90
Current Tax - Domestic 10.70 4.60 4.80 5.50 10.40
Current Tax - Foreign 20.10 21.60 14.90 21.90 51.10
Current Tax - Total 30.80 26.20 19.70 27.40 61.50
Deferred Tax - Domestic -3.00 3.30 -2.60 0.80 -1.80
Deferred Tax - Foreign 1.60 11.00 -1.00 5.80 29.10
Deferred Tax - Total -1.40 14.30 -3.60 6.60 27.30
Income Tax - Total 29.40 40.50 16.10 34.00 88.80
Interest Cost - Domestic 0.40 0.50 0.60 0.70 0.60
Expected Return on Assets - Domestic -0.60 -0.60 -0.60 -0.70 -1.00
Actuarial Gains and Losses - Domestic 0.60 0.60 0.60 0.60 0.60
Curtailments & Settlements - Domestic 0.00 -0.50 -- -- --
Domestic Pension Plan Expense 0.40 0.00 0.60 0.60 0.20
Interest Cost - Foreign 10.50 8.20 10.00 13.30 13.50
Service Cost - Foreign 11.30 14.70 13.30 12.80 11.60
Prior Service Cost - Foreign 0.10 0.20 0.20 0.20 0.20
Expected Return on Assets - Foreign -11.00 -11.20 -8.70 -11.70 -12.00
Actuarial Gains and Losses - Foreign 12.50 19.40 17.30 12.80 13.10
Curtailments & Settlements - Foreign 0.30 -- -- -- --
Transition Costs - Foreign -- -- -- -- --
Foreign Pension Plan Expense 23.70 31.30 32.10 27.40 26.40
Interest Cost - Post-Retirement -- -- -- -- --
Service Cost - Post-Retirement -- -- -- -- --
Prior Service Cost - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -- -- -- -- --
Curtailments & Settlements - Post-Retirement -- -- -- -- --
Post-Retirement Plan Expense -- -- -- -- --
Defined Contribution Expense - Domestic 3.90 3.90 3.40 3.10 3.30
Total Pension Expense 28.00 35.20 36.10 31.10 29.90
Discount Rate - Domestic 2.60 2.20 3.10 4.10 3.50
Discount Rate - Foreign 1.50 1.00 1.40 2.10 2.10
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic 4.00 4.00 4.50 5.50 7.50
Expected Rate of Return - Foreign 2.50 2.40 2.00 2.90 2.90
Compensation Rate - Foreign 2.60 2.60 2.60 2.60 2.60
Total Plan Interest Cost 10.90 8.70 10.60 14.00 14.10
Total Plan Service Cost 11.30 14.70 13.30 12.80 11.60
Total Plan Expected Return -11.60 -11.80 -9.30 -12.40 -13.00
For a more complete picture of our financial results, please review our SEC Filings

In millions of USD (except for per share items)

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