Fundamentals - Annual Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Reclassified)
Net Sales 5.82M 6.28M 7.34M 3.89M
Revenue 5.82M 6.28M 7.34M 3.89M
Total Revenue 5.82M 6.28M 7.34M 3.89M
Cost of Revenue 4.53M 4.52M 5.23M 2.35M
Cost of Revenue, Total 4.53M 4.52M 5.23M 2.35M
Gross Profit 1.29M 1.75M 2.12M 1.54M
Selling/General/Administrative Expense 984.78 1.22M 1.32M 669.81
Labor & Related Expense 23.71 38.27 46.36 39.12
Advertising Expense 319.28 365.91 599.71 463.11
Selling/General/Administrative Expenses, Total 1.33M 1.62M 1.97M 1.17M
Impairment-Assets Held for Sale -- 114.79
Unusual Expense (Income) -- 114.79
Total Operating Expense 5.86M 6.26M 7.19M 3.52M
Operating Income -38.23 17.47 151.41 364.80
Interest Income, Non-Operating 65.52 85.60 114.12 82.25
Investment Income, Non-Operating 4.90 2.45
Interest/Investment Income, Non-Operating 70.42 88.05 114.12 82.25
Interest Income (Expense), Net-Non-Operating, Total 70.42 88.05 114.12 82.25
Other Non-Operating Income (Expense) -45.39 76.27 -59.29 56.40
Other, Net -45.39 76.27 -59.29 56.40
Net Income Before Taxes -13.20 181.79 206.24 503.45
Income Tax – Total 23.78 31.60 71.40 98.08
Income After Tax -36.98 150.18 134.84 405.36
Minority Interest -- -7.96 -11.93 -0.22
Net Income Before Extraordinary Items -36.98 142.22 122.92 405.14
Net Income -36.98 142.22 122.92 405.14
Preferred Dividends -- -- -55.98
Miscellaneous Earnings Adjustment -- -- -4.63
Total Adjustments to Net Income -- -- -60.61
Income Available to Common Excluding Extraordinary Items -36.98 142.22 122.92 344.53
Income Available to Common Stocks Including Extraordinary Items -36.98 142.22 122.92 344.53
Basic Weighted Average Shares 149.79 149.48 145.90 115.09
Basic EPS Excluding Extraordinary Items -0.25 0.95 0.84 2.99
Basic EPS Including Extraordinary Items -0.25 0.95 0.84 2.99
Diluted Net Income -36.98 142.22 122.92 344.53
Diluted Weighted Average Shares 149.79 150.07 149.76 125.22
Diluted EPS Excluding Extraordinary Items -0.25 0.95 0.82 2.75
Diluted EPS Including Extraordinary Items -0.25 0.95 0.82 2.75
DPS - Common Stock Primary Issue -- --
Gross Dividends - Common Stock -- -- -- --
Total Special Items -- 114.79
Normalized Income Before Taxes -13.20 296.58 206.24 503.45
Effect of Special Items on Income Taxes -- 19.96
Income Taxes Excluding Impact of Special Items 23.78 51.56 71.40 98.08
Normalized Income After Taxes -36.98 245.01 134.84 405.36
Normalized Income Available to Common -36.98 237.06 122.92 344.53
Basic Normalized EPS -0.25 1.59 0.84 2.99
Diluted Normalized EPS -0.25 1.58 0.82 2.75
Amortization of Intangibles, Supplemental 0.11 0.13
Depreciation, Supplemental 58.24 30.83 29.81 18.53
Rental Expense, Supplemental 74.39 70.49 99.08 70.49
Stock-Based Compensation, Supplemental 23.71 38.27 46.36 39.12
Advertising Expense, Supplemental 319.28 365.91 599.71 463.11
Equity in Affiliates, Supplemental 4.90 2.45
Minority Interest, Supplemental -- -7.96 -11.93 -0.22
Audit-Related Fees, Supplemental 11.30 10.51 6.66
Audit-Related Fees -- 1.26 11.54
Tax Fees, Supplemental -- 0.40 0.40
Gross Margin 22.17 27.92 28.83 39.53
Operating Margin -0.66 0.28 2.06 9.38
Pretax Margin -0.23 2.90 2.81 12.95
Effective Tax Rate 17.39 34.62 19.48
Net Profit Margin -0.64 2.27 1.67 8.86
Normalized EBIT -38.23 132.26 151.41 364.80
Normalized EBITDA 20.02 163.09 181.34 383.46
Current Tax - Domestic 31.38 29.02 63.53 91.40
Current Tax - Total 31.38 29.02 63.53 91.40
Deferred Tax - Domestic -7.61 2.58 7.88 6.68
Deferred Tax - Total -7.61 2.58 7.88 6.68
Income Tax - Total 23.78 31.60 71.40 98.08

In millions of USD (except for per share items)

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