FINANCIAL FUNDAMENTALS

ANNUAL INCOME STATEMENT

  Year Ending Oct 2021 (Update) Year Ending Oct 2020 (Update) Year Ending Oct 2019 (Update) Year Ending Oct 2018 (Restated)
Net Sales 23,063.00 17,202.00 14,608.00 16,705.00
Revenue 23,063.00 17,202.00 14,608.00 16,705.00
Total Revenue 23,063.00 17,202.00 14,608.00 16,705.00
Cost of Revenue 12,149.00 9,510.00 8,222.00 9,188.00
Cost of Revenue, Total 12,149.00 9,510.00 8,222.00 9,188.00
Gross Profit 10,914.00 7,692.00 6,386.00 7,517.00
Selling/General/Administrative Expense 1,111.00 987.00 875.00 899.00
Labor & Related Expense 99.00 88.00 75.00 75.00
Selling/General/Administrative Expenses, Total 1,210.00 1,075.00 950.00 974.00
Research & Development 2,484.00 2,233.00 2,053.00 2,021.00
Amortization of Intangibles, Operating 20.00 19.00 19.00 19.00
Depreciation/Amortization 20.00 19.00 19.00 19.00
Investment Income - Operating -- -- 14.00 12.00
Interest/Investment Income - Operating -- -- 14.00 12.00
Interest Expense (Income), Net-Operating, Total -- -- 14.00 12.00
Restructuring Charge 157.00 -- -- --
Impairment-Assets Held for Use -- -- -- --
Impairment-Assets Held for Sale -- -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- --
Other Unusual Expense (Income) 154.00 -- -- --
Unusual Expense (Income) 311.00 -- -- --
Total Operating Expense 16,174.00 12,837.00 11,258.00 12,214.00
Operating Income 6,889.00 4,365.00 3,350.00 4,491.00
Interest Expense - Non-Operating -236.00 -240.00 -237.00 -234.00
Interest Expense, Net Non-Operating -236.00 -240.00 -237.00 -234.00
Interest Income, Non-Operating 19.00 32.00 120.00 139.00
Investment Income, Non-Operating 99.00 9.00 36.00 --
Interest/Investment Income, Non-Operating 118.00 41.00 156.00 139.00
Interest Income (Expense), Net-Non-Operating, Total -118.00 -199.00 -81.00 -95.00
Net Income Before Taxes 6,771.00 4,166.00 3,269.00 4,396.00
Income Tax – Total 883.00 547.00 587.00 246.00
Income After Tax 5,888.00 3,619.00 2,682.00 4,150.00
Net Income Before Extraordinary Items 5,888.00 3,619.00 2,682.00 4,150.00
Extraordinary Item 0.00 0.00 24.00 -1,112.00
Total Extraordinary Items 0.00 0.00 24.00 -1,112.00
Net Income 5,888.00 3,619.00 2,706.00 3,038.00
Income Available to Common Excluding Extraordinary Items 5,888.00 3,619.00 2,682.00 4,150.00
Income Available to Common Stocks Including Extraordinary Items 5,888.00 3,619.00 2,706.00 3,038.00
Basic Weighted Average Shares 910.00 916.00 937.00 1,013.00
Basic EPS Excluding Extraordinary Items 6.47 3.95 2.86 4.10
Basic EPS Including Extraordinary Items 6.47 3.95 2.89 3.00
Dilution Adjustment -- -- -- --
Diluted Net Income 5,888.00 3,619.00 2,706.00 3,038.00
Diluted Weighted Average Shares 919.00 923.00 945.00 1,026.00
Diluted EPS Excluding Extraordinary Items 6.41 3.92 2.84 4.04
Diluted EPS Including Extraordinary Items 6.41 3.92 2.86 2.96
DPS - Common Stock Primary Issue 0.92 0.86 0.82 0.60
Gross Dividends - Common Stock 851.00 796.00 770.00 694.00
Impairment-Assets Held for Sale, Supplemental -43.00 -1.00 -6.00 -25.00
Restructuring Charge, Supplemental -- -- -- --
Other Unusual Expense (Income), Supplemental 117.00 131.00 77.00 202.00
Non-Recurring Items, Total 74.00 130.00 71.00 177.00
Total Special Items 385.00 130.00 71.00 177.00
Normalized Income Before Taxes 7,156.00 4,296.00 3,340.00 4,573.00
Effect of Special Items on Income Taxes 50.21 17.07 12.75 9.90
Income Taxes Excluding Impact of Special Items 933.21 564.07 599.75 255.90
Normalized Income After Taxes 6,222.79 3,731.93 2,740.25 4,317.10
Normalized Income Available to Common 6,222.79 3,731.93 2,740.25 4,317.10
Basic Normalized EPS 6.84 4.07 2.92 4.26
Diluted Normalized EPS 6.77 4.04 2.90 4.21
Amortization of Intangibles, Supplemental 49.00 56.00 57.00 199.00
Depreciation, Supplemental 345.00 320.00 306.00 258.00
Interest Expense, Supplemental 236.00 240.00 237.00 234.00
Rental Expense, Supplemental 79.00 69.00 51.00 50.00
Stock-Based Compensation, Supplemental 118.00 103.00 89.00 87.00
Equity in Affiliates, Supplemental 99.00 9.00 36.00 --
Research & Development Expense, Supplemental 2,484.00 2,233.00 2,053.00 2,021.00
Audit-Related Fees, Supplemental -- 6.84 6.53 7.78
Audit-Related Fees -- 0.11 0.06 0.34
Tax Fees, Supplemental -- 0.88 0.77 0.88
All Other Fees Paid to Auditor, Supplemental -- 0.08 0.00 0.05
Gross Margin 47.32 44.72 43.72 45.00
Operating Margin 29.87 25.37 22.93 26.88
Pretax Margin 29.36 24.22 22.38 26.32
Effective Tax Rate 13.04 13.13 17.96 5.60
Net Profit Margin 25.53 21.04 18.36 24.84
Normalized EBIT 7,274.00 4,495.00 3,435.00 4,680.00
Normalized EBITDA 7,668.00 4,871.00 3,798.00 5,137.00
Current Tax - Domestic 462.00 196.00 264.00 -91.00
Current Tax - Foreign 344.00 263.00 260.00 117.00
Current Tax - Local 17.00 20.00 12.00 22.00
Current Tax - Total 823.00 479.00 536.00 48.00
Deferred Tax - Domestic -3.00 -3.00 8.00 151.00
Deferred Tax - Foreign 67.00 76.00 46.00 57.00
Deferred Tax - Local -4.00 -5.00 -3.00 -10.00
Deferred Tax - Total 60.00 68.00 51.00 198.00
Income Tax - Total 883.00 547.00 587.00 246.00
Interest Cost - Domestic 8.00 8.00 10.00 --
Service Cost - Domestic 15.00 13.00 11.00 --
Expected Return on Assets - Domestic -21.00 -22.00 -20.00 --
Actuarial Gains and Losses - Domestic 14.00 12.00 7.00 --
Curtailments & Settlements - Domestic -- -- 0.00 --
Domestic Pension Plan Expense 16.00 11.00 8.00 --
Defined Contribution Expense - Domestic 61.00 52.00 49.00 --
Total Pension Expense 77.00 63.00 57.00 --
Discount Rate - Domestic -- -- -- --
Discount Rate - Foreign -- -- -- --
Expected Rate of Return - Domestic -- -- -- --
Expected Rate of Return - Foreign -- -- -- --
Compensation Rate - Domestic -- -- -- --
Compensation Rate - Foreign -- -- -- --
Total Plan Interest Cost 8.00 8.00 10.00 --
Total Plan Service Cost 15.00 13.00 11.00 --
Total Plan Expected Return -21.00 -22.00 -20.00 --

In millions of USD (except for per share items)

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