Fundamentals

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 4,386.30 4,348.00 3,722.80 3,435.30
Revenue 4,386.30 4,348.00 3,722.80 3,435.30
Total Revenue 4,386.30 4,348.00 3,722.80 3,435.30
Cost of Revenue 1,080.60 1,114.40 939.40 875.30
Cost of Revenue, Total 1,080.60 1,114.40 939.40 875.30
Gross Profit 3,305.70 3,233.60 2,783.40 2,560.00
Selling/General/Administrative Expense 1,171.80 1,189.00 1,042.20 945.10
Labor & Related Expense 56.60 51.20 46.30 40.70
Selling/General/Administrative Expenses, Total 1,228.40 1,240.20 1,088.50 985.80
Research & Development 760.70 752.70 622.20 552.60
Interest Expense - Operating -- -- -- 24.30
Interest Expense, Net - Operating -- -- -- 24.30
Interest Income - Operating -- -- -- -20.30
Investment Income - Operating -- -- -- -5.60
Interest/Investment Income - Operating -- -- -- -25.90
Interest Expense (Income), Net-Operating, Total -- -- -- -1.60
Restructuring Charge 0.00 0.00 -7.10 59.90
Litigation 405.40 33.40 214.00 -73.30
Impairment-Assets Held for Use -- -- 116.20 --
Impairment-Assets Held for Sale -- -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- --
Other Unusual Expense (Income) 0.00 66.60 -- --
Unusual Expense (Income) 405.40 100.00 323.10 -13.40
Other Operating Expense -- -- -- --
Other, Net 13.60 -6.10 -5.70 1.70
Other Operating Expenses, Total 13.60 -6.10 -5.70 1.70
Total Operating Expense 3,488.70 3,201.20 2,967.50 2,400.40
Operating Income 897.60 1,146.80 755.30 1,034.90
Interest Expense - Non-Operating -15.80 -27.30 -33.40 --
Interest Expense, Net Non-Operating -15.80 -27.30 -33.40 --
Interest Income, Non-Operating 23.40 32.20 32.00 --
Investment Income, Non-Operating 12.90 16.40 18.70 --
Interest/Investment Income, Non-Operating 36.30 48.60 50.70 --
Interest Income (Expense), Net-Non-Operating, Total 20.50 21.30 17.30 --
Other Non-Operating Income (Expense) -1.40 -1.60 -11.20 --
Other, Net -1.40 -1.60 -11.20 --
Net Income Before Taxes 916.70 1,166.50 761.40 1,034.90
Income Tax – Total 93.30 116.80 23.40 157.20
Income After Tax 823.40 1,049.70 738.00 877.70
Net Income Before Extraordinary Items 823.40 1,049.70 738.00 877.70
Extraordinary Item -- -2.80 -15.80 -294.10
Total Extraordinary Items -- -2.80 -15.80 -294.10
Net Income 823.40 1,046.90 722.20 583.60
Income Available to Common Excluding Extraordinary Items 823.40 1,049.70 738.00 877.70
Income Available to Common Stocks Including Extraordinary Items 823.40 1,046.90 722.20 583.60
Basic Weighted Average Shares 622.60 624.91 627.61 632.71
Basic EPS Excluding Extraordinary Items 1.32 1.68 1.18 1.39
Basic EPS Including Extraordinary Items 1.32 1.68 1.15 0.92
Dilution Adjustment -- -- -- --
Diluted Net Income 823.40 1,046.90 722.20 583.60
Diluted Weighted Average Shares 631.90 636.61 640.81 647.71
Diluted EPS Excluding Extraordinary Items 1.30 1.65 1.15 1.36
Diluted EPS Including Extraordinary Items 1.30 1.64 1.13 0.90
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Total Special Items 405.40 100.00 323.10 -13.40
Normalized Income Before Taxes 1,322.10 1,266.50 1,084.50 1,021.50
Effect of Special Items on Income Taxes 41.26 10.01 9.93 -2.04
Income Taxes Excluding Impact of Special Items 134.56 126.81 33.33 155.16
Normalized Income After Taxes 1,187.54 1,139.69 1,051.17 866.34
Normalized Income Available to Common 1,187.54 1,139.69 1,051.17 866.34
Basic Normalized EPS 1.91 1.82 1.67 1.37
Diluted Normalized EPS 1.88 1.79 1.64 1.34
Amortization of Intangibles, Supplemental 5.40 4.60 2.50 7.80
Depreciation, Supplemental 101.80 84.70 74.90 74.10
Interest Expense, Supplemental 15.80 27.30 33.40 24.30
Rental Expense, Supplemental 30.50 27.90 27.00 27.30
Stock-Based Compensation, Supplemental 92.60 81.30 71.00 61.60
Equity in Affiliates, Supplemental -- -- -- --
Research & Development Expense, Supplemental 760.70 752.70 622.20 552.60
Audit-Related Fees, Supplemental -- 3.50 3.40 2.80
Audit-Related Fees -- 0.30 0.30 0.30
Tax Fees, Supplemental -- 1.50 1.30 1.50
All Other Fees Paid to Auditor, Supplemental -- -- 0.00 0.00
Gross Margin 75.36 74.37 74.77 74.52
Operating Margin 20.46 26.38 20.29 30.13
Pretax Margin 20.90 26.83 20.45 30.13
Effective Tax Rate 10.18 10.01 3.07 15.19
Net Profit Margin 18.77 24.14 19.82 25.55
Normalized EBIT 1,303.00 1,246.80 1,078.40 1,019.90
Normalized EBITDA 1,410.20 1,336.10 1,155.80 1,101.80
Current Tax - Domestic 23.40 28.50 -4.90 33.40
Current Tax - Foreign 73.90 29.10 35.90 60.60
Current Tax - Local 48.20 48.70 13.60 32.80
Current Tax - Total 145.50 106.30 44.60 126.80
Deferred Tax - Domestic 11.00 28.30 -16.10 42.60
Deferred Tax - Foreign -30.30 0.50 17.30 -8.40
Deferred Tax - Local -32.90 -18.30 -22.40 -3.80
Deferred Tax - Total -52.20 10.50 -21.20 30.40
Income Tax - Total 93.30 116.80 23.40 157.20
Interest Cost - Domestic 0.50 0.90 0.80 1.00
Service Cost - Domestic 6.30 5.20 6.00 7.90
Prior Service Cost - Domestic -0.70 -0.20 -0.10 0.20
Expected Return on Assets - Domestic -1.00 -1.40 -1.30 -2.00
Actuarial Gains and Losses - Domestic 1.60 0.90 0.80 0.90
Curtailments & Settlements - Domestic 0.00 0.00 -7.40 -6.30
Transition Costs - Domestic -- -- -- --
Domestic Pension Plan Expense 6.70 5.40 -1.20 1.70
Defined Contribution Expense - Domestic -- -- -- --
Total Pension Expense 6.70 5.40 -1.20 1.70
Discount Rate - Domestic 0.50 0.90 -- --
Expected Rate of Return - Domestic 1.50 2.30 -- --
Compensation Rate - Domestic 2.70 2.80 -- --
Pension Payment Rate - Domestic -- -- -- --
Total Plan Interest Cost 0.50 0.90 0.80 1.00
Total Plan Service Cost 6.30 5.20 6.00 7.90
Total Plan Expected Return -1.00 -1.40 -1.30 -2.00

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