Fundamentals - Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Reclassified) Year Ending Dec 2014 (Reclassified) Year Ending Dec 2013 (Restated)
Net Sales 8,363.72 8,376.10 9,965.79 12,927.38 13,418.09
Revenue 8,363.72 8,376.10 9,965.79 12,927.38 13,418.09
Total Revenue 8,363.72 8,376.10 9,965.79 12,927.38 13,418.09
Cost of Revenue 8,205.98 7,325.20 9,378.21 10,689.13 12,439.42
Cost of Revenue, Total 8,205.98 7,325.20 9,378.21 10,689.13 12,439.42
Gross Profit 157.75 1,050.90 587.58 2,238.25 978.67
Selling/General/Administrative Expense 889.83 1,129.52 1,704.63 1,787.72 1,733.25
Labor & Related Expense 1.07 1.48 9.13 26.16 9.53
Selling/General/Administrative Expenses, Total 890.90 1,131.00 1,713.76 1,813.88 1,742.78
Research & Development 131.76 135.74 376.48 543.53 263.99
Depreciation 35.50 48.39 88.31 95.70 86.42
Amortization of Intangibles, Operating 0.25 0.25 0.25 0.33 3.88
Depreciation/Amortization 35.75 48.64 88.56 96.02 90.29
Impairment-Assets Held for Use 2,042.20 1,277.37 3,804.12 0.00 0.00
Loss (Gain) on Sale of Assets - Operating 0.00 143.02 -1,167.32 0.00 --
Other Unusual Expense (Income) -- -- -- -- --
Unusual Expense (Income) 2,042.20 1,420.39 2,636.80 0.00 0.00
Total Operating Expense 11,306.59 10,060.96 14,193.81 13,142.57 14,536.48
Operating Income -2,942.86 -1,684.87 -4,228.03 -215.19 -1,118.38
Interest Expense - Non-Operating -663.72 -664.10 -1,014.63 -1,024.50 -971.49
Interest Capitalized - Non-Operating 0.00 0.88 37.45 8.62 --
Interest Expense, Net Non-Operating -663.72 -663.22 -977.18 -1,015.87 -971.49
Interest Income, Non-Operating 6.02 6.60 22.63 35.03 31.37
Investment Income, Non-Operating 32.90 6.00 -132.71 -243.39 -31.14
Interest/Investment Income, Non-Operating 38.92 12.60 -110.08 -208.36 0.24
Interest Income (Expense), Net-Non-Operating, Total -624.80 -650.62 -1,087.25 -1,224.23 -971.26
Other Non-Operating Income (Expense) 117.53 246.97 148.46 125.57 65.77
Other, Net 117.53 246.97 148.46 125.57 65.77
Net Income Before Taxes -3,450.13 -2,088.52 -5,166.82 -1,313.86 -2,023.87
Income Tax – Total 0.22 12.90 731.19 89.72 31.03
Income After Tax -3,450.35 -2,101.42 -5,898.01 -1,403.58 -2,054.90
Minority Interest 132.83 21.32 298.31 101.53 110.47
Equity In Affiliates -0.51 -17.55 -0.83 2.25 --
Net Income Before Extraordinary Items -3,318.03 -2,097.65 -5,600.53 -1,299.81 -1,944.43
Net Income -3,318.03 -2,097.65 -5,600.53 -1,299.81 -1,944.43
Preferred Dividends -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items -3,318.03 -2,097.65 -5,600.53 -1,299.81 -1,944.43
Income Available to Common Stocks Including Extraordinary Items -3,318.03 -2,097.65 -5,600.53 -1,299.81 -1,944.43
Basic Weighted Average Shares 181.76 181.76 181.76 173.61 156.62
Basic EPS Excluding Extraordinary Items -18.25 -11.54 -30.81 -7.49 -12.41
Basic EPS Including Extraordinary Items -18.25 -11.54 -30.81 -7.49 -12.41
Dilution Adjustment -- -- -- -- --
Diluted Net Income -3,318.03 -2,097.65 -5,600.53 -1,299.81 -1,944.43
Diluted Weighted Average Shares 181.76 181.76 181.76 173.61 156.62
Diluted EPS Excluding Extraordinary Items -18.25 -11.54 -30.81 -7.49 -12.41
Diluted EPS Including Extraordinary Items -18.25 -11.54 -30.81 -7.49 -12.41
DPS - Common Stock Primary Issue -- -- -- -- --
Dividend per Share – Common Stock Issue 2 0.00 0.00 0.00 -- 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Total Special Items 2,042.20 1,420.39 2,636.80 0.00 0.00
Normalized Income Before Taxes -1,407.93 -668.13 -2,530.02 -1,313.86 -2,023.87
Effect of Special Items on Income Taxes 714.77 497.14 922.88 0.00 0.00
Income Taxes Excluding Impact of Special Items 714.99 510.03 1,654.07 89.72 31.03
Normalized Income After Taxes -2,122.92 -1,178.16 -4,184.09 -1,403.58 -2,054.90
Normalized Income Available to Common -1,990.60 -1,174.40 -3,886.61 -1,299.81 -1,944.43
Basic Normalized EPS -10.95 -6.46 -21.38 -7.49 -12.41
Diluted Normalized EPS -10.95 -6.46 -21.38 -7.49 -12.41
Amortization of Intangibles, Supplemental 0.25 0.25 0.25 0.33 3.88
Depreciation, Supplemental 495.58 896.44 1,185.01 1,409.80 1,294.50
Interest Expense, Supplemental 663.72 663.22 977.18 1,015.87 917.50
Interest Capitalized, Supplemental 0.00 -0.88 -37.45 -8.62 -54.00
Stock-Based Compensation, Supplemental 1.07 1.48 11.95 34.93 15.89
Equity in Affiliates, Supplemental -0.51 -17.55 -0.83 2.25 1.20
Minority Interest, Supplemental 132.83 21.32 298.31 101.53 110.47
Research & Development Expense, Supplemental 131.76 135.74 376.48 543.53 260.95
Audit-Related Fees, Supplemental -- -- -- -- --
Audit-Related Fees -- -- -- -- --
Gross Margin 1.89 12.55 5.90 17.31 7.29
Operating Margin -35.19 -20.12 -42.43 -1.66 -8.33
Pretax Margin -41.25 -24.93 -51.85 -10.16 -15.08
Effective Tax Rate -- -- -- -- --
Net Profit Margin -39.67 -25.04 -56.20 -10.05 -14.49
Normalized EBIT -900.67 -264.48 -1,591.23 -215.19 -1,118.38
Normalized EBITDA -404.83 632.22 -405.97 1,194.93 180.00
Current Tax - Domestic -0.01 6.66 9.37 22.54 0.08
Current Tax - Foreign -0.28 3.26 14.16 0.39 11.91
Current Tax - Local 0.22 0.33 11.76 67.78 49.66
Current Tax - Total -- -- -- -- --
Current Tax - Total -0.08 10.26 35.29 90.70 61.64
Deferred Tax - Domestic 0.01 2.52 0.20 -2.92 0.00
Deferred Tax - Foreign 0.29 0.12 0.00 9.45 -10.94
Deferred Tax - Local 0.00 0.00 695.70 -7.50 -19.68
Deferred Tax - Total -- -- -- -- --
Deferred Tax - Total 0.30 2.64 695.91 -0.98 -30.62
Other Tax -- -- -- -- --
Income Tax - Total 0.22 12.90 731.19 89.72 31.03
Defined Contribution Expense - Domestic 135.38 193.11 229.45 263.10 --
Total Pension Expense 135.38 193.11 229.45 263.10 --

In millions of USD (except for per share items)

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