FINANCIAL FUNDAMENTALS

ANNUAL INCOME STATEMENT

  Year Ending Oct 2018 (Update) Year Ending Oct 2017 (Update) Year Ending Oct 2016 (Update) Year Ending Oct 2015 (Update)
Net Sales 17,253.00 14,537.00 10,825.00 9,659.00
Revenue 17,253.00 14,537.00 10,825.00 9,659.00
Total Revenue 17,253.00 14,537.00 10,825.00 9,659.00
Cost of Revenue 9,436.00 8,005.00 6,314.00 5,707.00
Cost of Revenue, Total 9,436.00 8,005.00 6,314.00 5,707.00
Gross Profit 7,817.00 6,532.00 4,511.00 3,952.00
Selling/General/Administrative Expense 907.00 762.00 800.00 908.00
Labor & Related Expense 75.00 68.00 63.00 61.00
Selling/General/Administrative Expenses, Total 982.00 830.00 863.00 969.00
Research & Development 2,018.00 1,773.00 1,538.00 1,450.00
Amortization of Intangibles, Operating 19.00 20.00 22.00 23.00
Depreciation/Amortization 19.00 20.00 22.00 23.00
Investment Income - Operating 2.00 41.00 -64.00 -197.00
Interest/Investment Income - Operating 2.00 41.00 -64.00 -197.00
Interest Expense (Income), Net-Operating, Total 2.00 41.00 -64.00 -197.00
Restructuring Charge -- -- -- 14.00
Impairment-Assets Held for Use -- -- -- 0.00
Impairment-Assets Held for Sale -- -- -- --
Loss (Gain) on Sale of Assets - Operating -- -- -- --
Unusual Expense (Income) -- -- -- 14.00
Total Operating Expense 12,457.00 10,669.00 8,673.00 7,966.00
Operating Income 4,796.00 3,868.00 2,152.00 1,693.00
Interest Expense - Non-Operating -234.00 -198.00 -155.00 -103.00
Interest Expense, Net Non-Operating -234.00 -198.00 -155.00 -103.00
Interest Income, Non-Operating 132.00 61.00 16.00 8.00
Investment Income, Non-Operating -- -- -- --
Interest/Investment Income, Non-Operating 132.00 61.00 16.00 8.00
Interest Income (Expense), Net-Non-Operating, Total -102.00 -137.00 -139.00 -95.00
Net Income Before Taxes 4,694.00 3,731.00 2,013.00 1,598.00
Income Tax – Total 269.00 297.00 292.00 221.00
Income After Tax 4,425.00 3,434.00 1,721.00 1,377.00
Net Income Before Extraordinary Items 4,425.00 3,434.00 1,721.00 1,377.00
Extraordinary Item -1,112.00 -- -- --
Total Extraordinary Items -1,112.00 -- -- --
Net Income 3,313.00 3,434.00 1,721.00 1,377.00
Income Available to Common Excluding Extraordinary Items 4,425.00 3,434.00 1,721.00 1,377.00
Income Available to Common Stocks Including Extraordinary Items 3,313.00 3,434.00 1,721.00 1,377.00
Basic Weighted Average Shares 1,013.00 1,073.00 1,107.00 1,214.00
Basic EPS Excluding Extraordinary Items 4.37 3.20 1.55 1.13
Basic EPS Including Extraordinary Items 3.27 3.20 1.55 1.13
Dilution Adjustment -- -- 0.00 --
Diluted Net Income 3,313.00 3,434.00 1,721.00 1,377.00
Diluted Weighted Average Shares 1,026.00 1,084.00 1,116.00 1,226.00
Diluted EPS Excluding Extraordinary Items 4.31 3.17 1.54 1.12
Diluted EPS Including Extraordinary Items 3.23 3.17 1.54 1.12
DPS - Common Stock Primary Issue 0.60 0.40 0.40 0.40
Gross Dividends - Common Stock 694.00 428.00 436.00 482.00
Impairment-Assets Held for Sale, Supplemental -25.00 -- -- --
Restructuring Charge, Supplemental -- 0.00 3.00 --
Other Unusual Expense (Income), Supplemental 202.00 199.00 -185.00 183.00
Non-Recurring Items, Total 177.00 199.00 -182.00 183.00
Total Special Items 177.00 199.00 -182.00 197.00
Normalized Income Before Taxes 4,871.00 3,930.00 1,831.00 1,795.00
Effect of Special Items on Income Taxes 10.14 15.84 -26.40 27.24
Income Taxes Excluding Impact of Special Items 279.14 312.84 265.60 248.24
Normalized Income After Taxes 4,591.86 3,617.16 1,565.40 1,546.76
Normalized Income Available to Common 4,591.86 3,617.16 1,565.40 1,546.76
Basic Normalized EPS 4.53 3.37 1.41 1.27
Diluted Normalized EPS 4.48 3.34 1.40 1.26
Amortization of Intangibles, Supplemental 199.00 193.00 189.00 186.00
Depreciation, Supplemental 258.00 214.00 200.00 185.00
Interest Expense, Supplemental 234.00 198.00 155.00 103.00
Rental Expense, Supplemental 50.00 34.00 38.00 32.00
Stock-Based Compensation, Supplemental 258.00 220.00 62.00 57.00
Equity in Affiliates, Supplemental -- -- -- --
Research & Development Expense, Supplemental 2,018.00 1,773.00 1,538.00 1,450.00
Audit-Related Fees, Supplemental 7.78 6.35 5.51 7.22
Audit-Related Fees 0.34 0.32 0.61 1.12
Tax Fees, Supplemental 0.88 0.44 0.55 0.40
All Other Fees Paid to Auditor, Supplemental 0.05 0.00 0.06 --
Gross Margin 45.31 44.93 41.67 40.92
Operating Margin 27.80 26.61 19.88 17.53
Pretax Margin 27.21 25.67 18.60 16.54
Effective Tax Rate 5.73 7.96 14.51 13.83
Net Profit Margin 25.65 23.62 15.90 14.26
Normalized EBIT 4,975.00 4,108.00 1,906.00 1,693.00
Normalized EBITDA 5,432.00 4,515.00 2,295.00 2,064.00
Current Tax - Domestic -77.00 67.00 -36.00 134.00
Current Tax - Foreign 126.00 233.00 351.00 199.00
Current Tax - Local 22.00 9.00 -2.00 18.00
Current Tax - Total 71.00 309.00 313.00 351.00
Deferred Tax - Domestic 151.00 -11.00 55.00 -194.00
Deferred Tax - Foreign 57.00 -7.00 -89.00 69.00
Deferred Tax - Local -10.00 6.00 13.00 -5.00
Deferred Tax - Total 198.00 -12.00 -21.00 -130.00
Income Tax - Total 269.00 297.00 292.00 221.00
Interest Cost - Domestic 11.00 10.00 13.00 13.00
Service Cost - Domestic 12.00 13.00 13.00 15.00
Expected Return on Assets - Domestic -20.00 -18.00 -14.00 -15.00
Actuarial Gains and Losses - Domestic 3.00 -10.00 3.00 7.00
Curtailments & Settlements - Domestic 0.00 0.00 -5.00 -1.00
Domestic Pension Plan Expense 6.00 -5.00 10.00 19.00
Interest Cost - Foreign -- -- -- --
Service Cost - Foreign -- -- -- --
Prior Service Cost - Foreign -- -- -- --
Expected Return on Assets - Foreign -- -- -- --
Actuarial Gains and Losses - Foreign -- -- -- --
Curtailments & Settlements - Foreign -- -- -- --
Transition Costs - Foreign -- -- -- --
Foreign Pension Plan Expense -- -- -- --
Defined Contribution Expense - Domestic 45.00 38.00 38.00 35.00
Total Pension Expense 51.00 33.00 48.00 54.00
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 11.00 10.00 13.00 13.00
Total Plan Service Cost 12.00 13.00 13.00 15.00
Total Plan Expected Return -20.00 -18.00 -14.00 -15.00

In millions of USD (except for per share items)

Copyright Thomson Reuters Corporation