Fundamentals

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 3,435.30 2,963.70 2,493.70 2,322.90
Revenue 3,435.30 2,963.70 2,493.70 2,322.90
Total Revenue 3,435.30 2,963.70 2,493.70 2,322.90
Cost of Revenue 875.30 797.40 617.20 625.60
Cost of Revenue, Total 875.30 797.40 617.20 625.60
Gross Profit 2,560.00 2,166.30 1,876.50 1,697.30
Selling/General/Administrative Expense 945.10 866.70 816.40 823.10
Labor & Related Expense 40.70 38.00 34.30 34.90
Selling/General/Administrative Expenses, Total 985.80 904.70 850.70 858.00
Research & Development 552.60 443.30 383.10 346.50
Interest Expense - Operating 24.30 18.00 18.40 21.60
Interest Expense, Net - Operating 24.30 18.00 18.40 21.60
Interest Income - Operating -20.30 -10.80 -7.90 -6.40
Investment Income - Operating -5.60 1.50 3.50 2.10
Interest/Investment Income - Operating -25.90 -9.30 -4.40 -4.30
Interest Expense (Income), Net-Operating, Total -1.60 8.70 14.00 17.30
Restructuring Charge 59.90 34.50 0.00 0.00
Litigation -73.30 32.60 7.00 -744.10
Impairment-Assets Held for Sale -- -- -- 0.00
Loss (Gain) on Sale of Assets - Operating -- -- -- --
Other Unusual Expense (Income) -- -- -- 70.70
Unusual Expense (Income) -13.40 67.10 7.00 -673.40
Other Operating Expense -- 0.00 0.00 1.00
Other, Net 1.70 4.60 -0.70 3.90
Other Operating Expenses, Total 1.70 4.60 -0.70 4.90
Total Operating Expense 2,400.40 2,225.80 1,871.30 1,178.90
Operating Income 1,034.90 737.90 622.40 1,144.00
Net Income Before Taxes 1,034.90 737.90 622.40 1,144.00
Income Tax – Total 157.20 168.40 127.50 332.90
Income After Tax 877.70 569.50 494.90 811.10
Net Income Before Extraordinary Items 877.70 569.50 494.90 811.10
Extraordinary Item -294.10 -- -- --
Total Extraordinary Items -294.10 -- -- --
Net Income 583.60 569.50 494.90 811.10
Income Available to Common Excluding Extraordinary Items 877.70 569.50 494.90 811.10
Income Available to Common Stocks Including Extraordinary Items 583.60 569.50 494.90 811.10
Basic Weighted Average Shares 210.90 213.00 215.50 213.00
Basic EPS Excluding Extraordinary Items 4.16 2.67 2.30 3.81
Basic EPS Including Extraordinary Items 2.77 2.67 2.30 3.81
Dilution Adjustment -- -- 0.78 --
Diluted Net Income 583.60 569.50 495.68 811.10
Diluted Weighted Average Shares 215.90 217.80 220.30 217.00
Diluted EPS Excluding Extraordinary Items 4.07 2.61 2.25 3.74
Diluted EPS Including Extraordinary Items 2.70 2.61 2.25 3.74
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Total Special Items -13.40 67.10 7.00 -673.40
Normalized Income Before Taxes 1,021.50 805.00 629.40 470.60
Effect of Special Items on Income Taxes -2.04 15.31 1.43 -195.96
Income Taxes Excluding Impact of Special Items 155.16 183.71 128.93 136.94
Normalized Income After Taxes 866.34 621.29 500.47 333.66
Normalized Income Available to Common 866.34 621.29 500.47 333.66
Basic Normalized EPS 4.11 2.92 2.32 1.57
Diluted Normalized EPS 4.01 2.85 2.28 1.54
Amortization of Intangibles, Supplemental 7.80 7.60 7.10 8.40
Depreciation, Supplemental 74.10 63.60 58.70 60.20
Interest Expense, Supplemental 24.30 18.00 18.40 21.60
Rental Expense, Supplemental 27.30 22.90 22.50 22.90
Stock-Based Compensation, Supplemental 61.60 56.90 49.90 48.30
Equity in Affiliates, Supplemental -- -- -- --
Research & Development Expense, Supplemental 552.60 443.30 383.10 346.50
Audit-Related Fees, Supplemental 2.80 2.70 2.60 2.30
Audit-Related Fees 0.30 0.30 0.10 0.10
Tax Fees, Supplemental 1.50 1.90 2.60 1.35
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 74.52 73.09 75.25 73.07
Operating Margin 30.13 24.90 24.96 49.25
Pretax Margin 30.13 24.90 24.96 49.25
Effective Tax Rate 15.19 22.82 20.49 29.10
Net Profit Margin 25.55 19.22 19.85 34.92
Normalized EBIT 1,019.90 813.70 643.40 487.90
Normalized EBITDA 1,101.80 884.90 709.20 556.50
Current Tax - Domestic 33.40 153.40 102.40 341.50
Current Tax - Foreign 60.60 27.40 33.50 34.80
Current Tax - Local 32.80 12.10 7.40 23.30
Current Tax - Total 126.80 192.90 143.30 399.60
Deferred Tax - Domestic 42.60 -19.60 -12.50 -46.40
Deferred Tax - Foreign -8.40 -0.60 -0.70 -12.20
Deferred Tax - Local -3.80 -4.30 -2.60 -8.10
Deferred Tax - Total 30.40 -24.50 -15.80 -66.70
Income Tax - Total 157.20 168.40 127.50 332.90
Interest Cost - Domestic 1.00 1.20 1.50 2.20
Service Cost - Domestic 7.90 6.80 7.00 6.30
Prior Service Cost - Domestic 0.20 0.70 0.40 -0.30
Expected Return on Assets - Domestic -2.00 -1.30 -1.50 -1.60
Actuarial Gains and Losses - Domestic 0.90 0.70 1.00 0.50
Curtailments & Settlements - Domestic -6.30 0.00 0.60 --
Transition Costs - Domestic -- -- -- 0.00
Domestic Pension Plan Expense 1.70 8.10 9.00 7.10
Defined Contribution Expense - Domestic -- -- -- 12.80
Total Pension Expense 1.70 8.10 9.00 19.90
Discount Rate - Domestic -- 1.00 1.40 2.20
Expected Rate of Return - Domestic -- 1.60 1.90 2.60
Compensation Rate - Domestic -- 2.70 3.00 3.10
Pension Payment Rate - Domestic -- -- -- --
Total Plan Interest Cost 1.00 1.20 1.50 2.20
Total Plan Service Cost 7.90 6.80 7.00 6.30
Total Plan Expected Return -2.00 -1.30 -1.50 -1.60

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