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Fundamentals - Annual Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Reclassified) Year Ending Dec 2018 (Reclassified) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified)
Net Sales 1,669.10 1,637.00 1,562.70 1,475.50 1,416.20
Revenue 1,669.10 1,637.00 1,562.70 1,475.50 1,416.20
Total Revenue 1,669.10 1,637.00 1,562.70 1,475.50 1,416.20
Cost of Revenue 1,308.70 1,306.30 1,260.90 1,153.40 1,126.20
Cost of Revenue, Total 1,308.70 1,306.30 1,260.90 1,153.40 1,126.20
Gross Profit 360.40 330.70 301.80 322.10 290.00
Selling/General/Administrative Expense 131.80 136.20 145.70 121.90 116.80
Labor & Related Expense 11.30 12.10 12.50 10.60 8.90
Selling/General/Administrative Expenses, Total 143.10 148.30 158.20 132.50 125.70
Depreciation 54.10 51.40 46.90 49.80 52.90
Depreciation/Amortization 54.10 51.40 46.90 49.80 52.90
Impairment-Assets Held for Use 6.50 6.00 4.00 16.20 20.10
Loss (Gain) on Sale of Assets - Operating 0.00 0.00 8.30 0.00 -2.10
Other Unusual Expense (Income) -- -- -- 23.30 4.40
Unusual Expense (Income) 6.50 6.00 12.30 39.50 22.40
Total Operating Expense 1,512.40 1,512.00 1,478.30 1,375.20 1,327.20
Operating Income 156.70 125.00 84.40 100.30 89.00
Interest Expense - Non-Operating -48.90 -61.70 -54.10 -42.50 -50.80
Interest Expense, Net Non-Operating -48.90 -61.70 -54.10 -42.50 -50.80
Interest Income (Expense), Net-Non-Operating, Total -48.90 -61.70 -54.10 -42.50 -50.80
Other Non-Operating Income (Expense) 2.30 0.40 0.90 2.50 0.30
Other, Net 2.30 0.40 0.90 2.50 0.30
Net Income Before Taxes 110.10 63.70 31.20 60.30 38.50
Income Tax – Total 21.00 0.00 25.70 8.50 11.40
Income After Tax 89.10 63.70 5.50 51.80 27.10
Minority Interest 1.00 -0.80 -5.80 -1.40 1.60
Net Income Before Extraordinary Items 90.10 62.90 -0.30 50.40 28.70
Discontinued Operations 39.30 5.10 24.40 -1.00 0.90
Extraordinary Item -- -- -- -20.50 --
Tax on Extraordinary Items -7.40 -1.40 -0.70 0.20 -0.30
Total Extraordinary Items 31.90 3.70 23.70 -21.30 0.60
Net Income 122.00 66.60 23.40 29.10 29.30
Income Available to Common Excluding Extraordinary Items 90.10 62.90 -0.30 50.40 28.70
Income Available to Common Stocks Including Extraordinary Items 122.00 66.60 23.40 29.10 29.30
Basic Weighted Average Shares 20.99 20.67 20.87 20.75 20.64
Basic EPS Excluding Extraordinary Items 4.29 3.04 -0.01 2.43 1.39
Basic EPS Including Extraordinary Items 5.81 3.22 1.12 1.40 1.42
Dilution Adjustment -- -- -- -- --
Diluted Net Income 122.00 66.60 23.40 29.10 29.30
Diluted Weighted Average Shares 21.37 21.07 20.87 22.00 21.06
Diluted EPS Excluding Extraordinary Items 4.22 2.99 -0.01 2.29 1.36
Diluted EPS Including Extraordinary Items 5.71 3.16 1.12 1.32 1.39
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Impairment-Assets Held for Sale, Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items 6.50 6.00 12.30 39.50 22.40
Normalized Income Before Taxes 116.60 69.70 43.50 99.80 60.90
Effect of Special Items on Income Taxes 1.24 0.00 4.31 5.57 6.63
Income Taxes Excluding Impact of Special Items 22.24 0.00 30.01 14.07 18.03
Normalized Income After Taxes 94.36 69.70 13.50 85.73 42.87
Normalized Income Available to Common 95.36 68.90 7.70 84.33 44.47
Basic Normalized EPS 4.54 3.33 0.37 4.06 2.15
Diluted Normalized EPS 4.46 3.27 0.37 3.83 2.11
Amortization of Intangibles, Supplemental 19.80 20.70 19.20 14.60 14.80
Depreciation, Supplemental 34.30 34.40 31.60 35.20 38.10
Interest Expense, Supplemental 48.90 61.70 54.10 42.50 50.80
Rental Expense, Supplemental 31.20 31.80 49.40 50.40 50.30
Stock-Based Compensation, Supplemental 11.30 12.10 12.50 10.60 8.90
Minority Interest, Supplemental 1.00 -0.80 -5.80 -1.40 1.60
Research & Development Expense, Supplemental -- -- -- -- --
Audit-Related Fees, Supplemental 2.47 -- 2.95 2.99 1.97
Audit-Related Fees 0.03 -- 0.03 0.04 0.02
Tax Fees, Supplemental 0.39 -- 0.74 1.14 1.46
All Other Fees Paid to Auditor, Supplemental -- -- 0.00 0.00 0.00
Gross Margin 21.59 20.20 19.31 21.83 20.48
Operating Margin 9.39 7.64 5.40 6.80 6.28
Pretax Margin 6.60 3.89 2.00 4.09 2.72
Effective Tax Rate 19.07 0.00 82.37 14.10 29.61
Net Profit Margin 5.40 3.84 -0.02 3.42 2.03
Normalized EBIT 163.20 131.00 96.70 139.80 111.40
Normalized EBITDA 217.30 186.10 147.50 189.60 164.30
Current Tax - Domestic 0.80 -3.50 -1.20 11.10 -1.90
Current Tax - Foreign 11.10 14.40 17.90 15.70 13.30
Current Tax - Local 0.70 0.50 0.10 0.60 1.30
Current Tax - Total 12.60 11.40 16.80 27.40 12.70
Deferred Tax - Domestic 6.10 3.10 9.60 -17.90 -1.60
Deferred Tax - Foreign 0.70 -14.90 -0.50 0.20 -0.20
Deferred Tax - Local 1.60 0.40 -0.20 -1.20 0.50
Deferred Tax - Total 8.40 -11.40 8.90 -18.90 -1.30
Income Tax - Total 21.00 0.00 25.70 8.50 11.40
Interest Cost - Domestic 6.40 7.80 7.50 9.00 11.00
Service Cost - Domestic 1.40 1.50 1.90 2.00 1.70
Prior Service Cost - Domestic 1.70 -- -- 0.00 0.00
Expected Return on Assets - Domestic -7.90 -7.90 -8.50 -9.60 -10.50
Actuarial Gains and Losses - Domestic 1.70 1.60 1.40 1.90 2.20
Curtailments & Settlements - Domestic 0.10 -- -- -- --
Transition Costs - Domestic -- -- -- -- --
Domestic Pension Plan Expense 3.40 3.00 2.30 3.30 4.40
Interest Cost - Post-Retirement 0.30 0.40 0.40 0.40 0.40
Service Cost - Post-Retirement 0.10 0.10 0.10 0.10 0.10
Prior Service Cost - Post-Retirement -- -- -- 0.00 0.00
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement -0.20 -0.20 0.00 -0.20 0.40
Curtailments & Settlements - Post-Retirement 0.00 -- -- -- --
Transition Costs - Post-Retirement -- -- -- -- --
Post-Retirement Plan Expense 0.20 0.30 0.50 0.30 0.90
Defined Contribution Expense - Domestic 8.40 8.30 7.50 8.90 7.80
Total Pension Expense 12.00 11.60 10.30 12.50 13.10
Discount Rate - Domestic 2.29 3.05 4.03 3.51 4.09
Discount Rate - Post-Retirement 2.66 3.43 4.45 3.88 4.53
Expected Rate of Return - Domestic 3.67 4.30 4.83 4.62 5.10
Compensation Rate - Domestic 3.41 3.00 3.41 3.50 3.50
Total Plan Interest Cost 6.70 8.20 7.90 9.40 11.40
Total Plan Service Cost 1.50 1.60 2.00 2.10 1.80
Total Plan Expected Return -7.90 -7.90 -8.50 -9.60 -10.50
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