Income Statement

Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Update)
Net Sales 54,087.00 29,054.00 21,827.00 34,292.00 18,088.00
Revenue 54,087.00 29,054.00 21,827.00 34,292.00 18,088.00
Total Revenue 54,087.00 29,054.00 21,827.00 34,292.00 18,088.00
Cost of Revenue 41,585.00 20,861.00 14,886.00 26,747.00 16,833.00
Cost of Revenue, Total 41,585.00 20,861.00 14,886.00 26,747.00 16,833.00
Gross Profit 12,502.00 8,193.00 6,941.00 7,545.00 1,255.00
Selling/General/Administrative Expense 664.00 434.00 348.00 475.00 199.00
Selling/General/Administrative Expenses, Total 664.00 434.00 348.00 475.00 199.00
Depreciation 2,843.00 2,332.00 1,986.00 1,929.00 296.00
Depreciation/Amortization 2,843.00 2,332.00 1,986.00 1,929.00 296.00
Investment Income - Operating 73.00 -60.00 194.00 -33.00 -61.00
Interest/Investment Income - Operating 73.00 -60.00 194.00 -33.00 -61.00
Interest Expense (Income), Net-Operating, Total 73.00 -60.00 194.00 -33.00 -61.00
Impairment-Assets Held for Use 431.00 920.00 813.00 339.00 258.00
Impairment-Assets Held for Sale 0.00 313.00 308.00 0.00 --
Other Unusual Expense (Income) 109.00 42.00 -83.00 43.00 --
Unusual Expense (Income) 540.00 1,275.00 1,038.00 382.00 258.00
Other, Net 3,089.00 2,170.00 1,839.00 2,608.00 196.00
Other Operating Expenses, Total 3,089.00 2,170.00 1,839.00 2,608.00 196.00
Total Operating Expense 48,794.00 27,012.00 20,291.00 32,108.00 17,721.00
Operating Income 5,293.00 2,042.00 1,536.00 2,184.00 367.00
Interest Expense - Non-Operating -2,003.00 -1,648.00 -1,516.00 -1,454.00 -146.00
Interest Capitalized - Non-Operating 294.00 283.00 199.00 163.00 78.00
Interest Expense, Net Non-Operating -1,709.00 -1,365.00 -1,317.00 -1,291.00 -68.00
Investment Income, Non-Operating 391.00 120.00 51.00 457.00 --
Interest/Investment Income, Non-Operating 391.00 120.00 51.00 457.00 --
Interest Income (Expense), Net Non-Operating -- -- -- -- 1.00
Interest Income (Expense), Net-Non-Operating, Total -1,318.00 -1,245.00 -1,266.00 -834.00 -67.00
Other Non-Operating Income (Expense) 69.00 208.00 127.00 16.00 25.00
Other, Net 69.00 208.00 127.00 16.00 25.00
Net Income Before Taxes 4,044.00 1,005.00 397.00 1,366.00 325.00
Income Tax – Total 5.00 63.00 -186.00 -123.00 25.00
Income After Tax 4,039.00 942.00 583.00 1,489.00 300.00
Minority Interest -749.00 -420.00 -295.00 -100.00 -9.00
Net Income Before Extraordinary Items 3,290.00 522.00 288.00 1,389.00 291.00
Discontinued Operations -265.00 -- -- -- --
Extraordinary Item 0.00 1,559.00 -- -- --
Total Extraordinary Items -265.00 1,559.00 -- -- --
Net Income 3,025.00 2,081.00 288.00 1,389.00 291.00
Preferred Dividends -- -12.00 0.00 0.00 --
General Partners' Distributions -- -1,017.00 -967.00 -1,080.00 -181.00
Miscellaneous Earnings Adjustment -- -84.00 -369.00 -357.00 --
Total Adjustments to Net Income -- -1,113.00 -1,336.00 -1,437.00 -181.00
Income Available to Common Excluding Extraordinary Items 3,290.00 -591.00 -1,048.00 -48.00 110.00
Income Available to Common Stocks Including Extraordinary Items 3,025.00 968.00 -1,048.00 -48.00 110.00
Basic Weighted Average Shares -- 1,032.70 758.20 649.20 212.90
Basic EPS Excluding Extraordinary Items -- -0.57 -1.38 -0.07 0.52
Basic EPS Including Extraordinary Items -- 0.94 -1.38 -0.07 0.52
Diluted Net Income 3,025.00 968.00 -1,048.00 -48.00 110.00
Diluted Weighted Average Shares -- 1,032.70 758.20 649.20 214.10
Diluted EPS Excluding Extraordinary Items -- -0.57 -1.38 -0.07 0.51
Diluted EPS Including Extraordinary Items -- 0.94 -1.38 -0.07 0.51
DPS - Common Stock Primary Issue 2.20 2.17 1.98 1.72 1.43
Dividend per Share – Common Stock Issue 2 -- -- -- -- --
Gross Dividends - Common Stock 3,376.00 2,516.00 584.00 425.00 302.00
Total Special Items 540.00 1,275.00 1,038.00 382.00 258.00
Normalized Income Before Taxes 4,584.00 2,280.00 1,435.00 1,748.00 583.00
Effect of Special Items on Income Taxes 0.67 79.93 363.30 133.70 19.85
Income Taxes Excluding Impact of Special Items 5.67 142.93 177.30 10.70 44.85
Normalized Income After Taxes 4,578.33 2,137.07 1,257.70 1,737.30 538.15
Normalized Income Available to Common 3,829.33 604.07 -373.30 200.30 348.15
Basic Normalized EPS -- 0.58 -0.49 0.31 1.64
Diluted Normalized EPS -- 0.58 -0.49 0.31 1.63
Amortization of Intangibles, Supplemental 321.00 272.00 193.00 216.00 52.00
Depreciation, Supplemental 2,522.00 2,060.00 1,793.00 1,713.00 244.00
Interest Expense, Supplemental 1,709.00 1,365.00 1,317.00 1,291.00 68.00
Interest Capitalized, Supplemental -294.00 -283.00 -199.00 -163.00 -78.00
Rental Expense, Supplemental 139.00 90.00 81.00 176.00 18.00
Stock-Based Compensation, Supplemental 105.00 74.00 80.00 79.00 16.00
Equity in Affiliates, Supplemental 344.00 156.00 59.00 469.00 --
Minority Interest, Supplemental -749.00 -420.00 -295.00 -100.00 -9.00
Audit-Related Fees, Supplemental -- 7.50 6.40 -- 1.50
Audit-Related Fees -- 0.00 0.40 -- 0.00
Tax Fees, Supplemental -- 0.00 0.10 -- 0.00
All Other Fees Paid to Auditor, Supplemental -- -- -- -- 0.00
Gross Margin 23.11 28.20 31.80 22.00 6.94
Operating Margin 9.79 7.03 7.04 6.37 2.03
Pretax Margin 7.48 3.46 1.82 3.98 1.80
Effective Tax Rate 0.12 6.27 -46.85 -9.00 7.69
Net Profit Margin 6.08 -2.03 -4.80 -0.14 0.61
Normalized EBIT 5,906.00 3,257.00 2,768.00 2,533.00 564.00
Normalized EBITDA 8,749.00 5,589.00 4,754.00 4,462.00 860.00
Current Tax - Domestic -7.00 53.00 18.00 -274.00 24.00
Current Tax - Local 20.00 -18.00 -35.00 -51.00 6.00
Current Tax - Total 13.00 35.00 -17.00 -325.00 30.00
Deferred Tax - Domestic 183.00 -164.00 -173.00 231.00 -5.00
Deferred Tax - Local -191.00 192.00 4.00 -29.00 0.00
Deferred Tax - Total -8.00 28.00 -169.00 202.00 -5.00
Other Tax -- -- -- -- --
Income Tax - Total 5.00 63.00 -186.00 -123.00 25.00
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 -- 45.00
Total Pension Expense 74.00 37.00 43.00 -- 45.00
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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