Income Statement

Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 34,392.00 32,637.00 36,709.00 41,802.00
Revenue 34,392.00 32,637.00 36,709.00 41,802.00
Total Revenue 34,392.00 32,637.00 36,709.00 41,802.00
Cost of Revenue 23,394.00 22,169.00 24,339.00 29,046.00
Cost of Revenue, Total 23,394.00 22,169.00 24,339.00 29,046.00
Gross Profit 10,998.00 10,468.00 12,370.00 12,756.00
Selling/General/Administrative Expense 4,581.00 4,604.00 5,519.00 6,051.00
Labor & Related Expense 217.00 168.00 -- --
Selling/General/Administrative Expenses, Total 4,798.00 4,772.00 5,519.00 6,051.00
Interest Expense - Operating 343.00 359.00 357.00 367.00
Interest Expense, Net - Operating 343.00 359.00 357.00 367.00
Interest Income - Operating -102.00 -107.00 -255.00 -217.00
Investment Income - Operating -42.00 -134.00 -172.00 -507.00
Interest/Investment Income - Operating -144.00 -241.00 -427.00 -724.00
Interest Expense (Income), Net-Operating, Total 199.00 118.00 -70.00 -357.00
Litigation 0.00 509.00 -- --
Other Unusual Expense (Income) 58.00 3.00 1.00 321.00
Unusual Expense (Income) 58.00 512.00 1.00 321.00
Other, Net -1,292.00 -946.00 -639.00 -746.00
Other Operating Expenses, Total -1,292.00 -946.00 -639.00 -746.00
Total Operating Expense 27,157.00 26,625.00 29,150.00 34,315.00
Operating Income 7,235.00 6,012.00 7,559.00 7,487.00
Net Income Before Taxes 7,235.00 6,012.00 7,559.00 7,487.00
Income Tax – Total 1,625.00 1,147.00 1,610.00 1,099.00
Income After Tax 5,610.00 4,865.00 5,949.00 6,388.00
Minority Interest -68.00 -86.00 -87.00 -63.00
Net Income Before Extraordinary Items 5,542.00 4,779.00 5,862.00 6,325.00
Discontinued Operations -- -- -- --
Extraordinary Item -- -- 281.00 440.00
Total Extraordinary Items -- -- 281.00 440.00
Net Income 5,542.00 4,779.00 6,143.00 6,765.00
Income Available to Common Excluding Extraordinary Items 5,542.00 4,779.00 5,862.00 6,325.00
Income Available to Common Stocks Including Extraordinary Items 5,542.00 4,779.00 6,143.00 6,765.00
Basic Weighted Average Shares 692.30 704.10 721.00 743.00
Basic EPS Excluding Extraordinary Items 8.01 6.79 8.13 8.51
Basic EPS Including Extraordinary Items 8.01 6.79 8.52 9.10
Diluted Net Income 5,542.00 4,779.00 6,143.00 6,765.00
Diluted Weighted Average Shares 700.40 711.20 730.30 753.00
Diluted EPS Excluding Extraordinary Items 7.91 6.72 8.03 8.40
Diluted EPS Including Extraordinary Items 7.91 6.72 8.41 8.98
DPS - Common Stock Primary Issue 3.77 3.63 3.36 3.06
Gross Dividends - Common Stock 2,620.00 2,567.00 2,428.00 2,279.00
Impairment-Assets Held for Use, Supplemental 117.00 21.00 95.00 162.00
Litigation Charge, Supplemental 129.00 50.00 42.00 163.00
Restructuring Charge, Supplemental 201.00 497.00 338.00 358.00
Other Unusual Expense (Income), Supplemental 122.00 7.00 71.00 408.00
Non-Recurring Items, Total 569.00 575.00 546.00 1,091.00
Total Special Items 627.00 1,087.00 547.00 1,412.00
Normalized Income Before Taxes 7,862.00 7,099.00 8,106.00 8,899.00
Effect of Special Items on Income Taxes 140.83 207.38 116.51 207.26
Income Taxes Excluding Impact of Special Items 1,765.83 1,354.38 1,726.51 1,306.26
Normalized Income After Taxes 6,096.17 5,744.62 6,379.49 7,592.74
Normalized Income Available to Common 6,028.17 5,658.62 6,292.49 7,529.74
Basic Normalized EPS 8.71 8.04 8.73 10.13
Diluted Normalized EPS 8.61 7.96 8.62 10.00
Amortization of Intangibles, Supplemental 549.00 358.00 415.00 395.00
Depreciation, Supplemental 674.00 644.00 673.00 721.00
Interest Expense, Supplemental 343.00 359.00 357.00 367.00
Interest Capitalized, Supplemental -- -- -- --
Rental Expense, Supplemental 228.00 214.00 261.00 360.00
Stock-Based Compensation, Supplemental 217.00 168.00 153.00 175.00
Equity in Affiliates, Supplemental 67.00 66.00 52.00 50.00
Minority Interest, Supplemental -68.00 -86.00 -87.00 -63.00
Research & Development Expense, Supplemental -- -- -- --
Audit-Related Fees, Supplemental 16.94 16.93 17.88 20.40
Audit-Related Fees 4.71 1.76 5.64 10.27
Tax Fees, Supplemental 0.03 0.00 0.00 0.02
All Other Fees Paid to Auditor, Supplemental 0.31 0.00 0.00 0.00
Gross Margin 31.98 32.07 33.70 30.52
Operating Margin 21.04 18.42 20.59 17.91
Pretax Margin 21.04 18.42 20.59 17.91
Effective Tax Rate 22.46 19.08 21.30 14.68
Net Profit Margin 16.11 14.64 15.97 15.13
Normalized EBIT 8,061.00 7,217.00 8,036.00 8,542.00
Normalized EBITDA 9,284.00 8,219.00 9,124.00 9,658.00
Current Tax - Domestic 415.00 475.00 8.00 -71.00
Current Tax - Foreign 886.00 768.00 1,099.00 1,177.00
Current Tax - Local 146.00 79.00 43.00 89.00
Current Tax - Total 1,447.00 1,322.00 1,150.00 1,195.00
Deferred Tax - Domestic 173.00 234.00 613.00 886.00
Deferred Tax - Foreign -32.00 -448.00 -216.00 -990.00
Deferred Tax - Local 37.00 39.00 63.00 8.00
Deferred Tax - Total 178.00 -175.00 460.00 -96.00
Income Tax - Total 1,625.00 1,147.00 1,610.00 1,099.00
Interest Cost - Domestic 306.00 461.00 613.00 573.00
Service Cost - Domestic 105.00 99.00 82.00 140.00
Prior Service Cost - Domestic -42.00 -42.00 -42.00 -43.00
Expected Return on Assets - Domestic -1,220.00 -1,135.00 -1,117.00 -1,426.00
Actuarial Gains and Losses - Domestic 31.00 26.00 35.00 0.00
Curtailments & Settlements - Domestic 0.00 4.00 4.00 0.00
Transition Costs - Domestic -- -- -- --
Domestic Pension Plan Expense -820.00 -587.00 -425.00 -756.00
Interest Cost - Foreign 77.00 106.00 142.00 143.00
Service Cost - Foreign 26.00 23.00 22.00 26.00
Prior Service Cost - Foreign -- -- 0.00 -1.00
Expected Return on Assets - Foreign -348.00 -336.00 -331.00 -443.00
Actuarial Gains and Losses - Foreign 9.00 18.00 88.00 37.00
Curtailments & Settlements - Foreign -- -- -- -3.00
Transition Costs - Foreign -- -- -- --
Foreign Pension Plan Expense -236.00 -189.00 -79.00 -241.00
Interest Cost - Post-Retirement 5.00 8.00 14.00 15.00
Service Cost - Post-Retirement 0.00 0.00 0.00 0.00
Prior Service Cost - Post-Retirement -74.00 -66.00 -62.00 -52.00
Actuarial Gains and Losses - Post-Retirement -2.00 -- 0.00 3.00
Curtailments & Settlements - Post-Retirement -- -- -- --
Post-Retirement Plan Expense -71.00 -58.00 -48.00 -34.00
Defined Contribution Expense - Domestic -- -- -- --
Total Pension Expense -1,127.00 -834.00 -552.00 -1,031.00
Discount Rate - Domestic 2.50 3.22 4.35 3.68
Discount Rate - Foreign 1.24 1.81 2.63 2.36
Discount Rate - Post-Retirement 2.20 2.36 4.07 3.39
Expected Rate of Return - Domestic 6.15 6.15 6.75 7.75
Expected Rate of Return - Foreign 4.03 4.66 5.14 6.23
Compensation Rate - Domestic 3.25 3.25 3.25 4.50
Compensation Rate - Foreign 2.43 2.47 2.46 2.49
Total Plan Interest Cost 388.00 575.00 769.00 731.00
Total Plan Service Cost 131.00 122.00 104.00 166.00
Total Plan Expected Return -1,568.00 -1,471.00 -1,448.00 -1,869.00

In millions of USD (except for per share items)

Copyright Refinitiv

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