Income Statement | | | | | | | | | | | |
| | | | | | | Original | | | | |
USD | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | 5,623 | 6,260 | 7,117 | 8,197 | 8,737 | | 8,737 | | 8,197 | 8,737 | |
% Growth | NA | 11.3% | 13.7% | 15.2% | 6.6% | | | | | 6.6% | |
| | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Selling and Marketing | (718) | (741) | (787) | (855) | (891) | | (891) | | (855) | (891) | |
General and Admin | (1,091) | (1,302) | (1,548) | (1,657) | (1,769) | | (1,769) | | (1,657) | (1,769) | |
Other Exp / (Inc) | (2,899) | (3,274) | (3,655) | (4,276) | (4,829) | | (4,829) | | (4,276) | (4,829) | |
Total Operating Exp | (4,709) | (5,317) | (5,990) | (6,788) | (7,489) | | (7,489) | | (6,788) | (7,489) | |
| | | | | | | | | | | |
Operating Income | 914 | 942 | 1,127 | 1,409 | 1,248 | | 1,248 | | 1,409 | 1,248 | |
% Revenue | 16.3% | 15.1% | 15.8% | 17.2% | 14.3% | | 14.3% | | 17.2% | 14.3% | |
| | | | | | | | | | | |
Interest Expense | (398) | (333) | (298) | (285) | (273) | | (273) | | (285) | (273) | |
Pre-tax Income | 516 | 609 | 829 | 1,124 | 975 | | 975 | | 1,124 | 975 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | (146) | (109) | (124) | (155) | (161) | | (161) | | (155) | (161) | |
Net Income to Company | 370 | 500 | 705 | 969 | 814 | | 814 | | 969 | 814 | |
% Margin | 6.6% | 8.0% | 9.9% | 11.8% | 9.3% | | 9.3% | | 11.8% | 9.3% | |
| | | | | | | | | | | |
Minority Interest in Earnings | (0) | 0 | | | 1 | | 1 | | 0 | 1 | |
Net Income to Stockholders | 370 | 500 | 705 | 969 | 815 | | 815 | | 969 | 815 | |
| | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
| | | | | | | | | | | |
Net Income to Common | 370 | 500 | 705 | 969 | 815 | | 815 | | 969 | 815 | |
% Margin | 6.6% | 8.0% | 9.9% | 11.8% | 9.3% | | 9.3% | | 11.8% | 9.3% | |
| | | | | | | | | | | |
As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 4.22 | 5.57 | 7.70 | 10.35 | 8.54 | | 8.54 | | 10.35 | 8.54 | |
Diluted EPS (Continuing Ops) | 4.18 | 5.53 | 7.67 | 10.31 | 8.50 | | 8.50 | | 10.31 | 8.50 | |
| | | | | | | | | | | |
WA Basic Shares Out. | 88 | 90 | 92 | 94 | 95 | | 95 | | 94 | 95 | |
WA Diluted Shares Out. | 88 | 90 | 92 | 94 | 96 | | 96 | | 94 | 96 | |
| | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | (42) | 90 | (107) | 53 | 100 | | 100 | | 53 | 100 | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 31 | | 31 | | 0 | 31 | |
Addback: Merger / Acquisition Expenses | 56 | 23 | 7 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Assets | (1) | (11) | 4 | (5) | (18) | | (18) | | (5) | (18) | |
Addback: Asset Writedown | 7 | 0 | 0 | 0 | 233 | | 233 | | 0 | 233 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | (195) | (300) | 0 | 0 | 16 | | 16 | | 0 | 16 | |
Total Unusual Items | (175) | (198) | (96) | 48 | 362 | | 362 | | 48 | 362 | |
% Margin | -3.1% | -3.2% | -1.3% | 0.6% | 4.1% | | 4.1% | | 0.6% | 4.1% | |
| | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | 370 | 500 | 705 | 969 | 814 | | 814 | | 969 | 814 | |
Addback: Unusual Items | (133) | (288) | 11 | (5) | 262 | | 262 | | (5) | 262 | |
Less: Tax Benefit of Unusual Items (26%) | 35 | 75 | (3) | 1 | (68) | | (68) | | 1 | (68) | |
Adjusted Net Income | 272 | 287 | 713 | 965 | 1,008 | | 1,008 | | 965 | 1,008 | |
% Margin | 4.8% | 4.6% | 10.0% | 11.8% | 11.5% | | 11.5% | | 11.8% | 11.5% | |
| | | | | | | | | | | |
Adjusted Basic EPS | 3.10 | 3.19 | 7.79 | 10.31 | 10.56 | | 10.56 | | 10.31 | 10.56 | |