Income Statement

Income Statement

  Year Ending Sep 2018 (Update) Year Ending Sep 2017 (Update) Year Ending Sep 2016 (Restated) Year Ending Sep 2015 (Restated)
Net Sales 2,663.40 2,642.10 2,506.20 2,371.10
Revenue 2,663.40 2,642.10 2,506.20 2,371.10
Total Revenue 2,663.40 2,642.10 2,506.20 2,371.10
Cost of Revenue 1,778.30 1,669.50 1,600.00 1,557.30
Cost of Revenue, Total 1,778.30 1,669.50 1,600.00 1,557.30
Gross Profit 885.10 972.60 906.20 813.80
Selling/General/Administrative Expense 324.10 340.90 330.50 309.00
Labor & Related Expense 40.40 25.20 15.60 13.20
Advertising Expense 104.20 123.00 122.30 121.50
Selling/General/Administrative Expenses, Total 468.70 489.10 468.40 443.70
Research & Development 42.50 39.90 36.00 36.50
Amortization of Intangibles, Operating 28.90 21.90 13.60 8.60
Depreciation/Amortization 28.90 21.90 13.60 8.60
Investment Income - Operating -10.70 0.90 -7.70 1.30
Interest/Investment Income - Operating -10.70 0.90 -7.70 1.30
Interest Expense (Income) - Net Operating 0.00 -10.00 -3.90 0.00
Interest Expense (Income), Net-Operating, Total -10.70 -9.10 -11.60 1.30
Restructuring Charge 32.50 3.90 -45.60 73.40
Impairment-Assets Held for Use 120.30 1.00 0.00 0.00
Unusual Expense (Income) 152.80 4.90 -45.60 73.40
Other, Net 4.00 -7.50 -2.20 -3.50
Other Operating Expenses, Total 4.00 -7.50 -2.20 -3.50
Total Operating Expense 2,464.50 2,208.70 2,058.60 2,117.30
Operating Income 198.90 433.40 447.60 253.80
Interest Expense - Non-Operating -85.40 -- -- --
Interest Expense, Net Non-Operating -85.40 -- -- --
Investment Income, Non-Operating 3.90 -27.30 12.80 0.00
Interest/Investment Income, Non-Operating 3.90 -27.30 12.80 0.00
Interest Income (Expense), Net Non-Operating -- -77.80 -67.90 -48.80
Interest Income (Expense), Net-Non-Operating, Total -81.50 -105.10 -55.10 -48.80
Other Non-Operating Income (Expense) -1.70 -13.40 -8.80 0.00
Other, Net -1.70 -13.40 -8.80 0.00
Net Income Before Taxes 115.70 314.90 383.70 205.00
Income Tax – Total 29.70 116.60 137.60 76.30
Income After Tax 86.00 198.30 246.10 128.70
Minority Interest 0.00 -0.50 0.50 1.10
Net Income Before Extraordinary Items 86.00 197.80 246.60 129.80
Discontinued Operations -89.40 20.50 68.70 30.00
Extraordinary Item 41.60 -- -- --
Tax on Extraordinary Items 25.50 -- -- --
Total Extraordinary Items -22.30 20.50 68.70 30.00
Net Income 63.70 218.30 315.30 159.80
Income Available to Common Excluding Extraordinary Items 86.00 197.80 246.60 129.80
Income Available to Common Stocks Including Extraordinary Items 63.70 218.30 315.30 159.80
Basic Weighted Average Shares 56.20 59.40 61.10 61.10
Basic EPS Excluding Extraordinary Items 1.53 3.33 4.04 2.12
Basic EPS Including Extraordinary Items 1.13 3.68 5.16 2.62
Diluted Net Income 63.70 218.30 315.30 159.80
Diluted Weighted Average Shares 57.10 60.20 62.00 62.20
Diluted EPS Excluding Extraordinary Items 1.51 3.29 3.98 2.09
Diluted EPS Including Extraordinary Items 1.12 3.63 5.09 2.57
DPS - Common Stock Primary Issue 2.14 2.03 1.91 1.82
Gross Dividends - Common Stock 122.00 121.90 117.70 112.50
Impairment-Assets Held for Use, Supplemental -- -- -- --
Non-Recurring Items, Total -- -- -- --
Total Special Items 152.80 4.90 -45.60 73.40
Normalized Income Before Taxes 268.50 319.80 338.10 278.40
Effect of Special Items on Income Taxes 39.22 1.81 -16.35 27.32
Income Taxes Excluding Impact of Special Items 68.92 118.41 121.25 103.62
Normalized Income After Taxes 199.58 201.39 216.85 174.78
Normalized Income Available to Common 199.58 200.89 217.35 175.88
Basic Normalized EPS 3.55 3.38 3.56 2.88
Diluted Normalized EPS 3.50 3.34 3.51 2.83
Amortization of Intangibles, Supplemental 30.00 25.00 19.70 17.60
Depreciation, Supplemental 53.40 55.10 53.80 51.40
Interest Expense, Supplemental 85.40 -- -- --
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 62.50 53.60 51.30 48.30
Stock-Based Compensation, Supplemental 40.50 25.20 15.60 13.20
Advertising Expense, Supplemental 104.20 123.00 122.30 121.50
Equity in Affiliates, Supplemental 4.90 -29.00 7.80 0.00
Minority Interest, Supplemental 0.00 -0.50 0.50 1.10
Research & Development Expense, Supplemental 42.50 39.90 36.00 36.50
Audit-Related Fees, Supplemental -- 3.10 3.03 --
Audit-Related Fees -- 1.47 1.73 --
Tax Fees, Supplemental -- 0.18 0.15 --
All Other Fees Paid to Auditor, Supplemental -- 0.01 0.01 --
Gross Margin 33.23 36.81 36.16 34.32
Operating Margin 7.47 16.40 17.86 10.70
Pretax Margin 4.34 11.92 15.31 8.65
Effective Tax Rate 25.67 37.03 35.86 37.22
Net Profit Margin 3.23 7.49 9.84 5.47
Normalized EBIT 341.00 429.20 390.40 328.50
Normalized EBITDA 424.40 509.30 463.90 397.50
Current Tax - Domestic 44.70 104.50 89.70 66.90
Current Tax - Foreign 0.20 8.10 4.30 1.70
Current Tax - Local 10.30 12.40 11.80 8.10
Current Tax - Total 55.20 125.00 105.80 76.70
Deferred Tax - Domestic -13.80 -7.40 30.70 -1.30
Deferred Tax - Foreign -9.70 -0.50 -1.40 -0.30
Deferred Tax - Local -2.00 -0.50 2.50 1.20
Deferred Tax - Total -25.50 -8.40 31.80 -0.40
Income Tax - Total 29.70 116.60 137.60 76.30
Interest Cost - Domestic 3.10 2.80 -- --
Service Cost - Domestic 0.00 0.00 -- --
Expected Return on Assets - Domestic -4.60 -4.90 -- --
Curtailments & Settlements - Domestic 0.00 -- -- --
Other Pension, Net - Domestic 1.50 1.70 -- --
Domestic Pension Plan Expense 0.00 -0.40 -- --
Interest Cost - Foreign 4.20 3.70 -- --
Service Cost - Foreign 0.00 0.90 -- --
Expected Return on Assets - Foreign -7.20 -7.70 -- --
Actuarial Gains and Losses - Foreign 1.10 1.80 -- --
Curtailments & Settlements - Foreign 0.00 -- -- --
Other Pension, Net - Foreign -- -- -- --
Foreign Pension Plan Expense -1.90 -1.30 -- --
Interest Cost - Post-Retirement 0.70 0.70 -- --
Service Cost - Post-Retirement 0.30 0.30 -- --
Prior Service Cost - Post-Retirement -1.10 -1.10 -- --
Actuarial Gains and Losses - Post-Retirement 0.20 0.40 -- --
Curtailments & Settlements - Post-Retirement -- -- -- --
Post-Retirement Plan Expense 0.10 0.30 -- --
Defined Contribution Expense - Domestic -- 13.90 -- --
Total Pension Expense -1.80 12.50 -- --
Discount Rate - Domestic 2.87 2.44 -- --
Discount Rate - Foreign 2.21 1.84 -- --
Discount Rate - Post-Retirement -- -- -- --
Expected Rate of Return - Domestic 5.50 5.50 -- --
Expected Rate of Return - Foreign 4.45 4.55 -- --
Compensation Rate - Foreign -- 3.50 -- --
Total Plan Interest Cost 8.00 7.20 -- --
Total Plan Service Cost 0.30 1.20 -- --
Total Plan Expected Return -11.80 -12.60 -- --
Total Plan Other Expense 1.50 1.70 -- --

In millions of USD (except for per share items)

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