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 | 89,202 | 91,208 | 94,745 | 103,744 | 110,134 | 102,471 | 130,898 | 122,306 | 145,670 | 166,775 | | 166,775 | |
% Growth | NA | 2.2% | 3.9% | 9.5% | 6.2% | -7.0% | 27.7% | -6.6% | 19.1% | 14.5% | | | |
| | | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Selling and Marketing | (2,708) | (2,897) | (2,900) | (3,044) | (3,351) | (2,476) | (3,036) | (3,911) | (4,591) | (4,974) | | (4,974) | |
General and Admin | (46,712) | (48,220) | (50,536) | (54,373) | (56,831) | (58,239) | (62,838) | (65,864) | (70,536) | (77,271) | | (77,271) | |
Other Exp / (Inc) | (9,080) | (5,555) | (5,409) | (5,563) | (5,086) | (5,941) | (5,462) | (6,365) | (8,931) | (9,449) | | (9,449) | |
Total Operating Exp | (58,500) | (56,672) | (58,845) | (62,980) | (65,268) | (66,656) | (71,336) | (76,140) | (84,058) | (91,694) | | (91,694) | |
| | | | | | | | | | | | | |
Operating Income | 30,702 | 34,536 | 35,900 | 40,764 | 44,866 | 35,815 | 59,562 | 46,166 | 61,612 | 75,081 | | 75,081 | |
% Revenue | 34.4% | 37.9% | 37.9% | 39.3% | 40.7% | 35.0% | 45.5% | 37.7% | 42.3% | 45.0% | | 45.0% | |
| | | | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Pre-tax Income | 30,702 | 34,536 | 35,900 | 40,764 | 44,866 | 35,815 | 59,562 | 46,166 | 61,612 | 75,081 | | 75,081 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Provision for Taxes | (6,260) | (9,803) | (11,459) | (8,290) | (8,435) | (6,684) | (11,228) | (8,490) | (12,060) | (16,610) | | (16,610) | |
Net Income to Company | 24,442 | 24,733 | 24,441 | 32,474 | 36,431 | 29,131 | 48,334 | 37,676 | 49,552 | 58,471 | | 58,471 | |
% Margin | 27.4% | 27.1% | 25.8% | 31.3% | 33.1% | 28.4% | 36.9% | 30.8% | 34.0% | 35.1% | | 35.1% | |
| | | | | | | | | | | | | |
Minority Interest in Earnings | | | | | | | | | | | | | |
Net Income to Stockholders | 24,442 | 24,733 | 24,441 | 32,474 | 36,431 | 29,131 | 48,334 | 37,676 | 49,552 | 58,471 | | 58,471 | |
| | | | | | | | | | | | | |
Preferred Dividends | (1,515) | (1,647) | (1,663) | (1,551) | (1,587) | (1,583) | (1,600) | (1,595) | (1,501) | (1,259) | | (1,259) | |
Other Adj. | (276) | (252) | (211) | (214) | (202) | (138) | (231) | (189) | (291) | (344) | | (344) | |
| | | | | | | | | | | | | |
Net Income to Common | 22,651 | 22,834 | 22,567 | 30,709 | 34,642 | 27,410 | 46,503 | 35,892 | 47,760 | 56,868 | | 56,868 | |
% Margin | 25.4% | 25.0% | 23.8% | 29.6% | 31.5% | 26.7% | 35.5% | 29.3% | 32.8% | 34.1% | | 34.1% | |
| | | | | | | | | | | | | |
As Reported | | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 6.05 | 6.24 | 6.35 | 9.04 | 10.75 | 8.89 | 15.39 | 12.10 | 16.25 | 19.79 | | 19.79 | |
Diluted EPS (Continuing Ops) | 6.00 | 6.19 | 6.31 | 9.00 | 10.72 | 8.88 | 15.36 | 12.09 | 16.23 | 19.75 | | 19.75 | |
| | | | | | | | | | | | | |
WA Basic Shares Out. | 3,741 | 3,659 | 3,552 | 3,396 | 3,222 | 3,082 | 3,022 | 2,966 | 2,939 | 2,874 | | 2,874 | |
WA Diluted Shares Out. | 3,774 | 3,690 | 3,577 | 3,414 | 3,230 | 3,087 | 3,027 | 2,970 | 2,943 | 2,879 | | 2,879 | |
| | | | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,060 | 777 | | 777 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
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 | 2,455 | (317) | (680) | 72 | 239 | 1,115 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Other Unusual Items | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (214) | (103) | | (103) | |
Total Unusual Items | 2,456 | (317) | (680) | 72 | 239 | 1,115 | 0 | 0 | 846 | 674 | | 674 | |
% Margin | 2.8% | -0.3% | -0.7% | 0.1% | 0.2% | 1.1% | 0.0% | 0.0% | 0.6% | 0.4% | | 0.4% | |
| | | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | | |
Net Income to Company | 24,442 | 24,733 | 24,441 | 32,474 | 36,431 | 29,131 | 48,334 | 37,676 | 49,552 | 58,471 | | 58,471 | |
Addback: Unusual Items | 2,456 | (317) | (680) | 72 | 239 | 1,115 | 0 | 0 | 846 | 674 | | 674 | |
Less: Tax Benefit of Unusual Items (26%) | (639) | 82 | 177 | (19) | (62) | (290) | 0 | 0 | (220) | (175) | | (175) | |
Adjusted Net Income | 26,259 | 24,498 | 23,938 | 32,527 | 36,608 | 29,956 | 48,334 | 37,676 | 50,178 | 58,970 | | 58,970 | |
% Margin | 29.4% | 26.9% | 25.3% | 31.4% | 33.2% | 29.2% | 36.9% | 30.8% | 34.4% | 35.4% | | 35.4% | |