Income Statement

  Year Ending Dec 2017 (Update) Year Ending Jan 2017 (Update) Year Ending Jan 2016 (Reclassified) Year Ending Dec 2014 (Reclassified)
Net Sales 5.37M 5.28M 5.52M 5.56M
Revenue 5.37M 5.28M 5.52M 5.56M
Total Revenue 5.37M 5.28M 5.52M 5.56M
Cost of Revenue 4.42M 4.37M 4.60M 4.65M
Cost of Revenue, Total 4.42M 4.37M 4.60M 4.65M
Gross Profit 954.10 906.30 920.30 908.40
Selling/General/Administrative Expense 859.60 831.50 845.10 863.40
Advertising Expense 7.90 7.60 7.60 9.70
Selling/General/Administrative Expenses, Total 867.50 839.10 852.70 873.10
Amortization of Intangibles, Operating 0.90 0.60 0.90 1.40
Depreciation/Amortization 0.90 0.60 0.90 1.40
Restructuring Charge 2.40 3.40 -- 12.00
Impairment-Assets Held for Use
Unusual Expense (Income) 2.40 3.40 -- 12.00
Total Operating Expense 5.29M 5.21M 5.45M 5.54M
Operating Income 83.30 63.20 66.70 21.90
Interest Expense - Non-Operating -2.70 -3.80 -3.80 -3.00
Interest Expense, Net Non-Operating -2.70 -3.80 -3.80 -3.00
Interest Income, Non-Operating 0.70 0.40 0.30 0.50
Investment Income, Non-Operating 0.40 90.00 -- -0.30
Interest/Investment Income, Non-Operating 1.10 90.40 0.30 0.20
Interest Income (Expense), Net-Non-Operating, Total -1.60 86.60 -3.50 -2.80
Other Non-Operating Income (Expense) -- -0.10 -- --
Other, Net -- -0.10 -- --
Net Income Before Taxes 81.70 149.70 63.20 19.10
Income Tax – Total -1.10 30.00 8.70 -7.10
Income After Tax 82.80 119.70 54.50 26.20
Equity In Affiliates 2.70 1.10 -0.70 -2.50
Net Income Before Extraordinary Items 85.50 120.80 53.80 23.70
Discontinued Operations
Extraordinary Item -13.90
Total Extraordinary Items -13.90
Net Income 71.60 120.80 53.80 23.70
Miscellaneous Earnings Adjustment -1.10 -2.60 -1.40 -0.70
Total Adjustments to Net Income -1.10 -2.60 -1.40 -0.70
Income Available to Common Excluding Extraordinary Items 84.40 118.20 52.40 23.00
Income Available to Common Stocks Including Extraordinary Items 70.50 118.20 52.40 23.00
Basic Weighted Average Shares 38.30 38.10 37.80 37.50
Basic EPS Excluding Extraordinary Items 2.20 3.10 1.39 0.61
Basic EPS Including Extraordinary Items 1.84 3.10 1.39 0.61
Dilution Adjustment
Diluted Net Income 70.50 118.20 52.40 23.00
Diluted Weighted Average Shares 39.00 38.40 37.90 37.50
Diluted EPS Excluding Extraordinary Items 2.16 3.08 1.38 0.61
Diluted EPS Including Extraordinary Items 1.81 3.08 1.38 0.61
DPS - Common Stock Primary Issue 0.30 0.25 0.20 0.20
Dividend per Share – Common Stock Issue 2 0.30 0.25 0.20 0.20
Gross Dividends - Common Stock 11.60 10.70 7.70 7.60
Stock-Based Compensation, Supplemental 9.10 8.00 6.10 5.30
Interest Expense, Supplemental 2.70 3.80 3.80 3.00
Depreciation, Supplemental 21.80 20.70 21.40 20.30
Litigation Charge, Supplemental
Restructuring Charge, Supplemental
Non-Recurring Items, Total
Total Special Items 2.40 3.40 -- 12.00
Normalized Income Before Taxes 84.10 153.10 63.20 31.10
Effect of Special Items on Income Taxes 0.84 0.68 -- 4.20
Income Taxes Excluding Impact of Special Items -0.26 30.68 8.70 -2.90
Normalized Income After Taxes 84.36 122.42 54.50 34.00
Normalized Income Available to Common 85.96 120.92 52.40 30.80
Basic Normalized EPS 2.24 3.17 1.39 0.82
Diluted Normalized EPS 2.20 3.15 1.38 0.82
Amortization of Intangibles, Supplemental 0.90 0.60 0.90 1.40
Rental Expense, Supplemental 31.30 33.10 37.50 43.50
Advertising Expense, Supplemental 7.90 7.60 7.60 9.70
Equity in Affiliates, Supplemental 2.70 88.30 -0.70 -2.50
Audit-Related Fees, Supplemental 3.90 3.19 3.20
Audit-Related Fees 0.03 0.06 --
Tax Fees, Supplemental 0.14 0.30 --
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00
Gross Margin 17.75 17.18 16.68 16.33
Operating Margin 1.55 1.20 1.21 0.39
Pretax Margin 1.52 2.84 1.15 0.34
Effective Tax Rate -1.35 20.04 13.77 -37.17
Net Profit Margin 1.57 2.24 0.95 0.41
Normalized EBIT 85.70 66.60 66.70 33.90
Normalized EBITDA 108.40 87.90 89.00 55.60
Current Tax - Domestic -7.30 10.20 8.30 5.60
Current Tax - Foreign 9.70 10.00 10.80 12.70
Current Tax - Local 2.40 2.40 1.40 1.40
Current Tax - Total 4.80 22.60 20.50 19.70
Deferred Tax - Domestic 0.40 11.80 -10.60 -22.00
Deferred Tax - Foreign -6.40 -6.40 -2.00 -4.40
Deferred Tax - Local 0.10 2.00 0.80 -0.40
Deferred Tax - Total -5.90 7.40 -11.80 -26.80
Income Tax - Total -1.10 30.00 8.70 -7.10
Other Pension, Net - Foreign 0.40 0.40 0.30 0.90
Foreign Pension Plan Expense 0.40 0.40 0.30 0.90
Defined Contribution Expense - Domestic 8.60 9.00 5.70 6.10
Total Pension Expense 9.00 9.40 6.00 7.00
Total Plan Other Expense 0.40 0.40 0.30 0.90

In millions of USD (except for per share items)

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