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 54,032.00 54,087.00 29,054.00 21,827.00 34,292.00
Revenue 54,032.00 54,087.00 29,054.00 21,827.00 34,292.00
Total Revenue 54,032.00 54,087.00 29,054.00 21,827.00 34,292.00
Cost of Revenue 39,632.00 41,585.00 20,861.00 14,886.00 26,747.00
Cost of Revenue, Total 39,632.00 41,585.00 20,861.00 14,886.00 26,747.00
Gross Profit 14,400.00 12,502.00 8,193.00 6,941.00 7,545.00
Selling/General/Administrative Expense 779.00 664.00 434.00 348.00 475.00
Selling/General/Administrative Expenses, Total 779.00 664.00 434.00 348.00 475.00
Depreciation 3,124.00 2,843.00 2,332.00 1,986.00 1,929.00
Depreciation/Amortization 3,124.00 2,843.00 2,332.00 1,986.00 1,929.00
Investment Income - Operating -57.00 73.00 -60.00 194.00 -33.00
Interest/Investment Income - Operating -57.00 73.00 -60.00 194.00 -33.00
Interest Expense (Income), Net-Operating, Total -57.00 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) 2.00 109.00 42.00 -83.00 43.00
Unusual Expense (Income) 76.00 540.00 1,275.00 1,038.00 382.00
Other, Net 3,195.00 3,089.00 2,170.00 1,839.00 2,608.00
Other Operating Expenses, Total 3,195.00 3,089.00 2,170.00 1,839.00 2,608.00
Total Operating Expense 46,749.00 48,794.00 27,012.00 20,291.00 32,108.00
Operating Income 7,283.00 5,293.00 2,042.00 1,536.00 2,184.00
Interest Expense - Non-Operating -2,423.00 -2,003.00 -1,648.00 -1,516.00 -1,454.00
Interest Capitalized - Non-Operating 166.00 294.00 283.00 199.00 163.00
Interest Expense, Net Non-Operating -2,257.00 -1,709.00 -1,365.00 -1,317.00 -1,291.00
Investment Income, Non-Operating 57.00 391.00 120.00 51.00 457.00
Interest/Investment Income, Non-Operating 57.00 391.00 120.00 51.00 457.00
Interest Income (Expense), Net Non-Operating -- -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -2,200.00 -1,318.00 -1,245.00 -1,266.00 -834.00
Other Non-Operating Income (Expense) 303.00 69.00 208.00 127.00 16.00
Other, Net 303.00 69.00 208.00 127.00 16.00
Net Income Before Taxes 5,386.00 4,044.00 1,005.00 397.00 1,366.00
Income Tax – Total 200.00 5.00 63.00 -186.00 -123.00
Income After Tax 5,186.00 4,039.00 942.00 583.00 1,489.00
Minority Interest -1,102.00 -749.00 -420.00 -295.00 -100.00
Net Income Before Extraordinary Items 4,084.00 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 -- -- -1,017.00 -967.00 -1,080.00
Miscellaneous Earnings Adjustment -- -- -84.00 -369.00 -357.00
Total Adjustments to Net Income -- -- -1,113.00 -1,336.00 -1,437.00
Income Available to Common Excluding Extraordinary Items 4,084.00 3,290.00 -591.00 -1,048.00 -48.00
Income Available to Common Stocks Including Extraordinary Items 4,084.00 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 4,084.00 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 76.00 540.00 1,275.00 1,038.00 382.00
Normalized Income Before Taxes 5,462.00 4,584.00 2,280.00 1,435.00 1,748.00
Effect of Special Items on Income Taxes 2.82 0.67 79.93 363.30 133.70
Income Taxes Excluding Impact of Special Items 202.82 5.67 142.93 177.30 10.70
Normalized Income After Taxes 5,259.18 4,578.33 2,137.07 1,257.70 1,737.30
Normalized Income Available to Common 4,157.18 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 308.00 321.00 272.00 193.00 216.00
Depreciation, Supplemental 2,816.00 2,522.00 2,060.00 1,793.00 1,713.00
Interest Expense, Supplemental 2,257.00 1,709.00 1,365.00 1,317.00 1,291.00
Interest Capitalized, Supplemental -166.00 -294.00 -283.00 -199.00 -163.00
Rental Expense, Supplemental 116.00 139.00 90.00 81.00 176.00
Stock-Based Compensation, Supplemental 111.00 105.00 74.00 80.00 79.00
Equity in Affiliates, Supplemental 298.00 344.00 156.00 59.00 469.00
Minority Interest, Supplemental -1,102.00 -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 26.65 23.11 28.20 31.80 22.00
Operating Margin 13.48 9.79 7.03 7.04 6.37
Pretax Margin 9.97 7.48 3.46 1.82 3.98
Effective Tax Rate 3.71 0.12 6.27 -46.85 -9.00
Net Profit Margin 7.56 6.08 -2.03 -4.80 -0.14
Normalized EBIT 7,302.00 5,906.00 3,257.00 2,768.00 2,533.00
Normalized EBITDA 10,426.00 8,749.00 5,589.00 4,754.00 4,462.00
Current Tax - Domestic -20.00 -7.00 53.00 18.00 -274.00
Current Tax - Local -1.00 20.00 -18.00 -35.00 -51.00
Current Tax - Total -21.00 13.00 35.00 -17.00 -325.00
Deferred Tax - Domestic 176.00 183.00 -164.00 -173.00 231.00
Deferred Tax - Local 45.00 -191.00 192.00 4.00 -29.00
Deferred Tax - Total 221.00 -8.00 28.00 -169.00 202.00
Other Tax -- -- -- -- --
Income Tax - Total 200.00 5.00 63.00 -186.00 -123.00
Interest Cost - Domestic 1.00 1.00 2.00 3.00 --
Service Cost - Domestic 0.00 -- -- -- --
Prior Service Cost - Domestic 0.00 -- 0.00 0.00 --
Expected Return on Assets - Domestic 0.00 -- 0.00 -1.00 --
Domestic Pension Plan Expense 1.00 1.00 2.00 2.00 --
Interest Cost - Post-Retirement 7.00 5.00 4.00 4.00 --
Service Cost - Post-Retirement 1.00 -- -- -- --
Prior Service Cost - Post-Retirement 26.00 16.00 2.00 1.00 --
Expected Return on Assets - Post-Retirement -10.00 -10.00 -9.00 -8.00 --
Post-Retirement Plan Expense 24.00 11.00 -3.00 -3.00 --
Defined Contribution Expense - Domestic 66.00 62.00 38.00 44.00 --
Total Pension Expense 91.00 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 8.00 6.00 6.00 7.00 --
Total Plan Service Cost 1.00 -- -- -- --
Total Plan Expected Return -10.00 -10.00 -9.00 -9.00 --

In millions of USD (except for per share items)

For a more complete picture of our financial results, please review our SEC Filings

Copyright Thomson Reuters Corporation

Print Page
RSS Feeds
E-mail Alerts
IR Contacts
FAQs