Income Statement | | | | | | | | | | | | | |
| | | | | | | | | | | | Press Release | |
MAD | Fiscal Year Ending | | Latest | |
(in millions) | Dec-15 | Dec-16 | Jan-18 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | |
| | | | | | | | | | | | | |
Net Revenue | 16,780 | 17,727 | 19,500 | 20,700 | 21,914 | 18,333 | 20,731 | 22,671 | 25,962 | 30,420 | | 30,420 | |
% Growth | NA | 5.6% | 10.0% | 6.2% | 5.9% | -16.3% | 13.1% | 9.4% | 14.5% | 17.2% | | | |
| | | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
General and Admin | (851) | (896) | (937) | (1,065) | (1,495) | (1,523) | (1,438) | (1,456) | (1,384) | (1,385) | | (1,385) | |
Other Exp / (Inc) | (7,825) | (8,243) | (9,027) | (9,636) | (9,714) | (10,728) | (9,863) | (9,672) | (10,796) | (11,066) | | (11,066) | |
Total Operating Exp | (8,676) | (9,139) | (9,964) | (10,701) | (11,210) | (12,251) | (11,301) | (11,127) | (12,180) | (12,451) | | (12,451) | |
| | | | | | | | | | | | | |
Operating Income | 8,104 | 8,587 | 9,536 | 9,999 | 10,705 | 6,082 | 9,430 | 11,544 | 13,782 | 17,969 | | 17,969 | |
% Revenue | 48.3% | 48.4% | 48.9% | 48.3% | 48.8% | 33.2% | 45.5% | 50.9% | 53.1% | 59.1% | | 59.1% | |
| | | | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Pre-tax Income | 8,104 | 8,587 | 9,536 | 9,999 | 10,705 | 6,082 | 9,430 | 11,544 | 13,782 | 17,969 | | 17,969 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Provision for Taxes | (2,804) | (2,934) | (2,952) | (3,263) | (3,754) | (2,377) | (3,274) | (3,986) | (4,718) | (6,286) | | (6,286) | |
Net Income to Company | 5,300 | 5,653 | 6,584 | 6,735 | 6,951 | 3,705 | 6,157 | 7,558 | 9,063 | 11,683 | | 11,683 | |
% Margin | 31.6% | 31.9% | 33.8% | 32.5% | 31.7% | 20.2% | 29.7% | 33.3% | 34.9% | 38.4% | | 38.4% | |
| | | | | | | | | | | | | |
Minority Interest in Earnings | (798) | (896) | (1,193) | (1,029) | (1,135) | (687) | (1,012) | (1,456) | (1,556) | (2,178) | | (2,178) | |
Net Income to Stockholders | 4,502 | 4,757 | 5,391 | 5,706 | 5,816 | 3,018 | 5,144 | 6,103 | 7,508 | 9,504 | | 9,504 | |
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Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
| | | | | | | | | | | | | |
Net Income to Common | 4,502 | 4,757 | 5,391 | 5,706 | 5,816 | 3,018 | 5,144 | 6,103 | 7,508 | 9,504 | | 9,504 | |
% Margin | 26.8% | 26.8% | 27.6% | 27.6% | 26.5% | 16.5% | 24.8% | 26.9% | 28.9% | 31.2% | | 31.2% | |
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As Reported | | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 22.12 | 23.37 | 26.49 | 27.19 | 27.71 | 14.38 | 23.91 | 28.37 | 34.90 | 44.18 | | 44.18 | |
Diluted EPS (Continuing Ops) | 22.12 | 23.37 | 26.49 | 27.19 | 27.71 | 14.38 | 23.91 | 28.37 | 34.90 | 44.18 | | 44.18 | |
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WA Basic Shares Out. | 204 | 204 | 204 | 210 | 210 | 210 | 215 | 215 | 215 | 215 | | 215 | |
WA Diluted Shares Out. | 204 | 204 | 204 | 210 | 210 | 210 | 215 | 215 | 215 | 215 | | 215 | |
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Unusual Items Reconciliation | | | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | (12) | (4) | (16) | (12) | (13) | 16 | 11 | (6) | (9) | (13) | | (13) | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 49 | 94 | (7) | (2) | 5 | 0 | | 0 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Total Unusual Items | (12) | (4) | (16) | (12) | 35 | 110 | 4 | (8) | (5) | (13) | | (13) | |
% Margin | -0.1% | 0.0% | -0.1% | -0.1% | 0.2% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | | 0.0% | |
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Adjusted Net Income Reconciliation | | | | | | | | | | | | | |
Net Income to Company | 5,300 | 5,653 | 6,584 | 6,735 | 6,951 | 3,705 | 6,157 | 7,558 | 9,063 | 11,683 | | 11,683 | |
Addback: Unusual Items | 0 | 0 | 0 | 0 | 49 | 94 | (7) | (2) | 5 | 0 | | 0 | |
Less: Tax Benefit of Unusual Items (26%) | 0 | 0 | 0 | 0 | (13) | (24) | 2 | 1 | (1) | 0 | | 0 | |
Adjusted Net Income | 5,300 | 5,653 | 6,584 | 6,735 | 6,987 | 3,774 | 6,152 | 7,557 | 9,067 | 11,683 | | 11,683 | |
% Margin | 31.6% | 31.9% | 33.8% | 32.5% | 31.9% | 20.6% | 29.7% | 33.3% | 34.9% | 38.4% | | 38.4% | |