Fundamentals - Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 4,288.87 5,816.83 6,277.18 7,342.96
Revenue 4,288.87 5,816.83 6,277.18 7,342.96
Total Revenue 4,288.87 5,816.83 6,277.18 7,342.96
Cost of Revenue 3,198.20 4,527.28 4,524.90 5,225.67
Cost of Revenue, Total 3,198.20 4,527.28 4,524.90 5,225.67
Gross Profit 1,090.67 1,289.55 1,752.29 2,117.29
Selling/General/Administrative Expense 996.58 984.78 1,215.85 1,319.81
Labor & Related Expense 12.84 23.71 38.27 46.36
Advertising Expense 336.88 319.28 365.91 599.71
Selling/General/Administrative Expenses, Total 1,346.29 1,327.77 1,620.03 1,965.88
Impairment-Assets Held for Use 15.29 -- -- --
Impairment-Assets Held for Sale 82.37 0.00 114.79 --
Unusual Expense (Income) 97.66 0.00 114.79 --
Total Operating Expense 4,642.15 5,855.06 6,259.72 7,191.55
Operating Income -353.28 -38.23 17.47 151.41
Interest Income, Non-Operating 94.04 65.52 85.60 114.12
Investment Income, Non-Operating -0.00 4.90 2.45 --
Interest/Investment Income, Non-Operating 94.04 70.42 88.05 114.12
Interest Income (Expense), Net-Non-Operating, Total 94.04 70.42 88.05 114.12
Other Non-Operating Income (Expense) 386.64 -45.39 76.27 -59.29
Other, Net 386.64 -45.39 76.27 -59.29
Net Income Before Taxes 127.40 -13.20 181.79 206.24
Income Tax – Total 9.89 23.78 31.60 71.40
Income After Tax 117.50 -36.98 150.18 134.84
Minority Interest -0.27 0.00 -7.96 -11.93
Net Income Before Extraordinary Items 117.23 -36.98 142.22 122.92
Net Income 117.23 -36.98 142.22 122.92
Preferred Dividends -- -- 0.00 0.00
Miscellaneous Earnings Adjustment -- -- 0.00 0.00
Total Adjustments to Net Income -- -- 0.00 0.00
Income Available to Common Excluding Extraordinary Items 117.23 -36.98 142.22 122.92
Income Available to Common Stocks Including Extraordinary Items 117.23 -36.98 142.22 122.92
Basic Weighted Average Shares 141.29 149.79 149.48 145.90
Basic EPS Excluding Extraordinary Items 0.83 -0.25 0.95 0.84
Basic EPS Including Extraordinary Items 0.83 -0.25 0.95 0.84
Diluted Net Income 117.23 -36.98 142.22 122.92
Diluted Weighted Average Shares 141.76 149.79 150.07 149.76
Diluted EPS Excluding Extraordinary Items 0.83 -0.25 0.95 0.82
Diluted EPS Including Extraordinary Items 0.83 -0.25 0.95 0.82
DPS - Common Stock Primary Issue -- -- -- 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Total Special Items 97.66 0.00 114.79 --
Normalized Income Before Taxes 225.06 -13.20 296.58 206.24
Effect of Special Items on Income Taxes 7.58 0.00 19.96 --
Income Taxes Excluding Impact of Special Items 17.48 23.78 51.56 71.40
Normalized Income After Taxes 207.58 -36.98 245.01 134.84
Normalized Income Available to Common 207.31 -36.98 237.06 122.92
Basic Normalized EPS 1.47 -0.25 1.59 0.84
Diluted Normalized EPS 1.46 -0.25 1.58 0.82
Amortization of Intangibles, Supplemental -- -- -- 0.11
Depreciation, Supplemental 234.25 58.24 30.83 29.81
Rental Expense, Supplemental 68.76 74.39 70.49 99.08
Stock-Based Compensation, Supplemental 12.84 23.71 38.27 46.36
Advertising Expense, Supplemental 336.88 319.28 365.91 599.71
Equity in Affiliates, Supplemental -0.00 4.90 2.45 --
Minority Interest, Supplemental -0.27 0.00 -7.96 -11.93
Audit-Related Fees, Supplemental -- -- 11.30 10.51
Audit-Related Fees -- -- 0.00 1.26
Tax Fees, Supplemental -- -- 0.00 0.40
Gross Margin 25.43 22.17 27.92 28.83
Operating Margin -8.24 -0.66 0.28 2.06
Pretax Margin 2.97 -0.23 2.90 2.81
Effective Tax Rate 7.77 -- 17.39 34.62
Net Profit Margin 2.73 -0.64 2.27 1.67
Normalized EBIT -255.62 -38.23 132.26 151.41
Normalized EBITDA -21.37 20.02 163.09 181.34
Current Tax - Domestic 52.65 31.38 29.02 63.53
Current Tax - Total 52.65 31.38 29.02 63.53
Deferred Tax - Domestic -42.75 -7.61 2.58 7.88
Deferred Tax - Total -42.75 -7.61 2.58 7.88
Income Tax - Total 9.89 23.78 31.60 71.40

In millions of USD (except for per share items)

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