Income Statement | | | | | | | | | | | | | |
| | | | | | | | | | | | Original | |
USD | Fiscal Year Ending | | Latest | |
(in millions) | Dec-15 | Dec-16 | Dec-17 | 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 | 4,772 | 5,786 | 6,664 | 7,440 | 7,580 | 8,042 | 9,357 | 9,645 | 10,012 | 10,127 | | 10,127 | |
% Growth | NA | 21.3% | 15.2% | 11.6% | 1.9% | 6.1% | 16.4% | 3.1% | 3.8% | 1.1% | | | |
| | | | | | | | | | | | | |
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 | (498) | (543) | (637) | (733) | (730) | (779) | (812) | (902) | (946) | (933) | | (933) | |
Other Exp / (Inc) | (2,876) | (3,436) | (4,067) | (4,781) | (4,166) | (4,688) | (4,885) | (5,570) | (6,267) | (4,300) | | (4,300) | |
Total Operating Exp | (3,373) | (3,979) | (4,704) | (5,515) | (4,897) | (5,467) | (5,697) | (6,473) | (7,213) | (5,233) | | (5,233) | |
| | | | | | | | | | | | | |
Operating Income | 1,398 | 1,807 | 1,960 | 1,926 | 2,684 | 2,575 | 3,660 | 3,173 | 2,799 | 4,894 | | 4,894 | |
% Revenue | 29.3% | 31.2% | 29.4% | 25.9% | 35.4% | 32.0% | 39.1% | 32.9% | 28.0% | 48.3% | | 48.3% | |
| | | | | | | | | | | | | |
Interest Expense | (568) | (681) | (703) | (771) | (767) | (754) | (831) | (1,087) | (1,270) | (1,269) | | (1,269) | |
Pre-tax Income | 830 | 1,126 | 1,256 | 1,155 | 1,916 | 1,821 | 2,829 | 2,086 | 1,529 | 3,625 | | 3,625 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (277) | (71) | (978) | | (978) | |
Provision for Taxes | (158) | (156) | (31) | 110 | 0 | (130) | (262) | (113) | (91) | (366) | | (366) | |
Net Income to Company | 672 | 970 | 1,225 | 1,265 | 1,917 | 1,692 | 2,568 | 1,697 | 1,367 | 2,280 | | 2,280 | |
% Margin | 14.1% | 16.8% | 18.4% | 17.0% | 25.3% | 21.0% | 27.4% | 17.6% | 13.7% | 22.5% | | 22.5% | |
| | | | | | | | | | | | | |
Minority Interest in Earnings | 13 | (14) | 14 | (28) | (29) | (1) | 0 | 69 | 116 | (25) | | (25) | |
Net Income to Stockholders | 685 | 956 | 1,239 | 1,236 | 1,888 | 1,691 | 2,568 | 1,766 | 1,483 | 2,255 | | 2,255 | |
| | | | | | | | | | | | | |
Preferred Dividends | (90) | (107) | (87) | (9) | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 277 | 71 | 978 | | 978 | |
| | | | | | | | | | | | | |
Net Income to Common | 595 | 849 | 1,152 | 1,227 | 1,888 | 1,691 | 2,568 | 2,042 | 1,555 | 3,233 | | 3,233 | |
% Margin | 12.5% | 14.7% | 17.3% | 16.5% | 24.9% | 21.0% | 27.4% | 21.2% | 15.5% | 31.9% | | 31.9% | |
| | | | | | | | | | | | | |
As Reported | | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 1.42 | 2.00 | 2.69 | 2.79 | 4.27 | 3.81 | 5.69 | 4.43 | 3.34 | 6.92 | | 6.92 | |
Diluted EPS (Continuing Ops) | 1.41 | 1.98 | 2.67 | 2.77 | 4.24 | 3.79 | 5.66 | 4.41 | 3.33 | 6.91 | | 6.91 | |
| | | | | | | | | | | | | |
WA Basic Shares Out. | 419 | 425 | 428 | 440 | 442 | 444 | 451 | 462 | 466 | 467 | | 467 | |
WA Diluted Shares Out. | 423 | 429 | 432 | 443 | 446 | 446 | 453 | 463 | 467 | 468 | | 468 | |
| | | | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | 135 | 48 | (31) | (24) | (18) | 241 | (566) | (435) | 331 | (307) | | (307) | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 0 | | 0 | |
Addback: Merger / Acquisition Expenses | 37 | 26 | 6 | 30 | 50 | 43 | 245 | (0) | 10 | 29 | | 29 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4) | (70) | | (70) | |
Addback: Gain (Loss) On Sale Of Assets | 15 | 25 | 33 | 86 | 45 | 17 | 23 | 37 | 131 | 18 | | 18 | |
Addback: Asset Writedown | 15 | 29 | 211 | 722 | 94 | 223 | 174 | 147 | 200 | 69 | | 69 | |
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 | 80 | (1) | 70 | 3 | 9 | 67 | 21 | (12) | (10) | (23) | | (23) | |
Total Unusual Items | 281 | 126 | 289 | 817 | 181 | 591 | (104) | (262) | 759 | (286) | | (286) | |
% Margin | 5.9% | 2.2% | 4.3% | 11.0% | 2.4% | 7.4% | -1.1% | -2.7% | 7.6% | -2.8% | | -2.8% | |
| | | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | | |
Net Income to Company | 672 | 970 | 1,225 | 1,265 | 1,917 | 1,692 | 2,568 | 1,697 | 1,367 | 2,280 | | 2,280 | |
Addback: Unusual Items | 146 | 78 | 320 | 841 | 198 | 351 | 462 | 173 | 429 | 22 | | 22 | |
Less: Tax Benefit of Unusual Items (26%) | (38) | (20) | (83) | (219) | (52) | (91) | (120) | (45) | (111) | (6) | | (6) | |
Adjusted Net Income | 780 | 1,028 | 1,462 | 1,887 | 2,063 | 1,951 | 2,909 | 1,824 | 1,684 | 2,296 | | 2,296 | |
% Margin | 16.4% | 17.8% | 21.9% | 25.4% | 27.2% | 24.3% | 31.1% | 18.9% | 16.8% | 22.7% | | 22.7% | |