Income Statement

Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Restated)
Net Sales 108,245.00 54,087.00 29,054.00 21,827.00 34,292.00
Revenue 108,245.00 54,087.00 29,054.00 21,827.00 34,292.00
Total Revenue 54,213.00 54,087.00 29,054.00 21,827.00 34,292.00
Cost of Revenue 39,727.00 41,585.00 20,861.00 14,886.00 26,747.00
Cost of Revenue, Total 39,727.00 41,585.00 20,861.00 14,886.00 26,747.00
Gross Profit -- 12,502.00 8,193.00 6,941.00 7,545.00
Selling/General/Administrative Expense 694.00 664.00 434.00 348.00 475.00
Selling/General/Administrative Expenses, Total 694.00 664.00 434.00 348.00 475.00
Depreciation 3,147.00 2,843.00 2,332.00 1,986.00 1,929.00
Depreciation/Amortization 3,147.00 2,843.00 2,332.00 1,986.00 1,929.00
Investment Income - Operating -- 73.00 -60.00 194.00 -33.00
Interest/Investment Income - Operating -- 73.00 -60.00 194.00 -33.00
Interest Expense (Income), Net-Operating, Total -- 73.00 -60.00 194.00 -33.00
Impairment-Assets Held for Use 74.00 431.00 920.00 813.00 339.00
Impairment-Assets Held for Sale 0.00 0.00 313.00 308.00 0.00
Other Unusual Expense (Income) 18.00 109.00 42.00 -83.00 43.00
Unusual Expense (Income) 92.00 540.00 1,275.00 1,038.00 382.00
Other, Net 3,294.00 3,089.00 2,170.00 1,839.00 2,608.00
Other Operating Expenses, Total 3,294.00 3,089.00 2,170.00 1,839.00 2,608.00
Total Operating Expense 46,936.00 48,794.00 27,012.00 20,291.00 32,108.00
Operating Income 7,277.00 5,293.00 2,042.00 1,536.00 2,184.00
Interest Expense - Non-Operating -2,331.00 -2,003.00 -1,648.00 -1,516.00 -1,454.00
Interest Capitalized - Non-Operating -- 294.00 283.00 199.00 163.00
Interest Expense, Net Non-Operating -2,331.00 -1,709.00 -1,365.00 -1,317.00 -1,291.00
Investment Income, Non-Operating 61.00 391.00 120.00 51.00 457.00
Interest/Investment Income, Non-Operating 61.00 391.00 120.00 51.00 457.00
Interest Income (Expense), Net Non-Operating -- -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -2,270.00 -1,318.00 -1,245.00 -1,266.00 -834.00
Other Non-Operating Income (Expense) 105.00 69.00 208.00 127.00 16.00
Other, Net 105.00 69.00 208.00 127.00 16.00
Net Income Before Taxes 5,094.00 4,044.00 1,005.00 397.00 1,366.00
Income Tax – Total -195.00 5.00 63.00 -186.00 -123.00
Income After Tax -- 4,039.00 942.00 583.00 1,489.00
Minority Interest -1,307.00 -749.00 -420.00 -295.00 -100.00
Net Income Before Extraordinary Items -- 3,290.00 522.00 288.00 1,389.00
Discontinued Operations 0.00 -265.00 -- -- --
Extraordinary Item -- 0.00 1,559.00 -- --
Total Extraordinary Items 0.00 -265.00 1,559.00 -- --
Net Income 4,084.00 3,025.00 2,081.00 288.00 1,389.00
Preferred Dividends -- -- -12.00 0.00 0.00
General Partners' Distributions -4.00 -- -1,017.00 -967.00 -1,080.00
Miscellaneous Earnings Adjustment -- -- -84.00 -369.00 -357.00
Total Adjustments to Net Income -4.00 -- -1,113.00 -1,336.00 -1,437.00
Income Available to Common Excluding Extraordinary Items -- 3,290.00 -591.00 -1,048.00 -48.00
Income Available to Common Stocks Including Extraordinary Items 3,588.00 3,025.00 968.00 -1,048.00 -48.00
Basic Weighted Average Shares -- -- 1,032.70 758.20 649.20
Basic EPS Excluding Extraordinary Items -- -- -0.57 -1.38 -0.07
Basic EPS Including Extraordinary Items -- -- 0.94 -1.38 -0.07
Diluted Net Income -- 3,025.00 968.00 -1,048.00 -48.00
Diluted Weighted Average Shares -- -- 1,032.70 758.20 649.20
Diluted EPS Excluding Extraordinary Items -- -- -0.57 -1.38 -0.07
Diluted EPS Including Extraordinary Items -- -- 0.94 -1.38 -0.07
DPS - Common Stock Primary Issue -- 2.20 2.17 1.98 1.72
Dividend per Share – Common Stock Issue 2 -- -- -- -- --
Gross Dividends - Common Stock -- 3,376.00 2,516.00 584.00 425.00
Total Special Items -- 540.00 1,275.00 1,038.00 382.00
Normalized Income Before Taxes -- 4,584.00 2,280.00 1,435.00 1,748.00
Effect of Special Items on Income Taxes -- 0.67 79.93 363.30 133.70
Income Taxes Excluding Impact of Special Items -- 5.67 142.93 177.30 10.70
Normalized Income After Taxes -- 4,578.33 2,137.07 1,257.70 1,737.30
Normalized Income Available to Common -- 3,829.33 604.07 -373.30 200.30
Basic Normalized EPS -- -- 0.58 -0.49 0.31
Diluted Normalized EPS -- -- 0.58 -0.49 0.31
Amortization of Intangibles, Supplemental -- 321.00 272.00 193.00 216.00
Depreciation, Supplemental 3,147.00 2,522.00 2,060.00 1,793.00 1,713.00
Interest Expense, Supplemental 2,331.00 1,709.00 1,365.00 1,317.00 1,291.00
Interest Capitalized, Supplemental -- -294.00 -283.00 -199.00 -163.00
Rental Expense, Supplemental -- 139.00 90.00 81.00 176.00
Stock-Based Compensation, Supplemental -- 105.00 74.00 80.00 79.00
Equity in Affiliates, Supplemental 302.00 344.00 156.00 59.00 469.00
Minority Interest, Supplemental -1,307.00 -749.00 -420.00 -295.00 -100.00
Audit-Related Fees, Supplemental -- -- 7.50 6.40 --
Audit-Related Fees -- -- 0.00 0.40 --
Tax Fees, Supplemental -- -- 0.00 0.10 --
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin -- 23.11 28.20 31.80 22.00
Operating Margin 13.42 9.79 7.03 7.04 6.37
Pretax Margin 9.40 7.48 3.46 1.82 3.98
Effective Tax Rate -3.83 0.12 6.27 -46.85 -9.00
Net Profit Margin -- 6.08 -2.03 -4.80 -0.14
Normalized EBIT -- 5,906.00 3,257.00 2,768.00 2,533.00
Normalized EBITDA -- 8,749.00 5,589.00 4,754.00 4,462.00
Current Tax - Domestic -- -7.00 53.00 18.00 -274.00
Current Tax - Local -- 20.00 -18.00 -35.00 -51.00
Current Tax - Total -- 13.00 35.00 -17.00 -325.00
Deferred Tax - Domestic -- 183.00 -164.00 -173.00 231.00
Deferred Tax - Local -- -191.00 192.00 4.00 -29.00
Deferred Tax - Total -- -8.00 28.00 -169.00 202.00
Other Tax -- -- -- -- --
Income Tax - Total -- 5.00 63.00 -186.00 -123.00
Interest Cost - Domestic -- 1.00 2.00 3.00 --
Prior Service Cost - Domestic -- -- 0.00 0.00 --
Expected Return on Assets - Domestic -- -- 0.00 -1.00 --
Domestic Pension Plan Expense -- 1.00 2.00 2.00 --
Interest Cost - Post-Retirement -- 5.00 4.00 4.00 --
Prior Service Cost - Post-Retirement -- 16.00 2.00 1.00 --
Expected Return on Assets - Post-Retirement -- -10.00 -9.00 -8.00 --
Post-Retirement Plan Expense -- 11.00 -3.00 -3.00 --
Defined Contribution Expense - Domestic -- 62.00 38.00 44.00 --
Total Pension Expense -- 74.00 37.00 43.00 --
Discount Rate - Domestic -- 3.52 3.52 3.60 --
Discount Rate - Post-Retirement -- 3.51 3.10 3.06 --
Expected Rate of Return - Domestic -- 3.26 3.50 3.50 --
Expected Rate of Return - Post-Retirement -- 6.63 7.00 7.00 --
Total Plan Interest Cost -- 6.00 6.00 7.00 --
Total Plan Expected Return -- -10.00 -9.00 -9.00 --

In millions of USD (except for per share items)

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