Investor Relations

Income Statement

Income Statement

  Year Ending Sep 2021 (Update) Year Ending Sep 2020 (Update) Year Ending Sep 2019 (Update) Year Ending Sep 2018 (Restated) Year Ending Sep 2017 (Restated)
Net Sales 2,998.10 3,964.20 3,802.10 3,808.70 3,706.50
Revenue 2,998.10 3,964.20 3,802.10 3,808.70 3,706.50
Total Revenue 2,998.10 3,964.20 3,802.10 3,808.70 3,706.50
Cost of Revenue 1,961.60 2,580.00 2,492.40 2,470.80 2,369.60
Cost of Revenue, Total 1,961.60 2,580.00 2,492.40 2,470.80 2,369.60
Gross Profit 1,036.50 1,384.20 1,309.70 1,337.90 1,336.90
Selling/General/Administrative Expense 813.00 952.30 955.10 943.00 933.30
Labor & Related Expense -- -- -- -- --
Advertising Expense -- -- -- -- --
Selling/General/Administrative Expenses, Total 813.00 952.30 955.10 943.00 933.30
Research & Development 29.80 41.80 43.50 44.60 44.60
Amortization of Intangibles, Operating -- -- -- -- --
Depreciation/Amortization -- -- -- -- --
Investment Income - Operating -- -- -- -- --
Interest/Investment Income - Operating -- -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- -- --
Restructuring Charge 40.30 72.60 65.70 75.60 37.50
Impairment-Assets Held for Use 0.00 24.20 151.40 20.30 16.30
Loss (Gain) on Sale of Assets - Operating 0.00 26.80 -- -- --
Other Unusual Expense (Income) 56.30 -53.10 21.80 30.20 17.70
Unusual Expense (Income) 96.60 70.50 238.90 126.10 71.50
Other Operating Expense -- -- -- -- --
Other, Net -- -- -- -- --
Other Operating Expenses, Total -- -- -- -- --
Total Operating Expense 2,901.00 3,644.60 3,729.90 3,584.50 3,419.00
Operating Income 97.10 319.60 72.20 224.20 287.50
Interest Expense - Non-Operating -116.50 -144.50 -222.10 -264.00 -309.10
Interest Expense, Net Non-Operating -116.50 -144.50 -222.10 -264.00 -309.10
Investment Income, Non-Operating -- -- -47.30 -2.30 -0.50
Interest/Investment Income, Non-Operating -- -- -47.30 -2.30 -0.50
Interest Income (Expense), Net-Non-Operating, Total -116.50 -144.50 -269.40 -266.30 -309.60
Other Non-Operating Income (Expense) 8.30 -19.70 3.40 6.40 -5.80
Other, Net 8.30 -19.70 3.40 6.40 -5.80
Net Income Before Taxes -11.10 155.40 -193.80 -35.70 -27.90
Income Tax – Total -26.40 70.90 -7.10 -521.10 -11.80
Income After Tax 15.30 84.50 -186.70 485.40 -16.10
Minority Interest -0.20 -0.70 -1.30 -103.70 -167.20
Net Income Before Extraordinary Items 15.10 83.80 -188.00 381.70 -183.30
Discontinued Operations 236.60 4.10 859.20 466.30 466.10
Extraordinary Item -- -- -- -58.40 --
Tax on Extraordinary Items -62.10 9.90 -199.30 -21.30 -176.80
Total Extraordinary Items 174.50 14.00 659.90 386.60 289.30
Net Income 189.60 97.80 471.90 768.30 106.00
Preferred Dividends -- -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items 15.10 83.80 -188.00 381.70 -183.30
Income Available to Common Stocks Including Extraordinary Items 189.60 97.80 471.90 768.30 106.00
Basic Weighted Average Shares 42.70 44.70 50.70 36.90 32.20
Basic EPS Excluding Extraordinary Items 0.35 1.87 -3.71 10.34 -5.69
Basic EPS Including Extraordinary Items 4.44 2.19 9.31 20.82 3.29
Dilution Adjustment -- -- -- 0.00 --
Diluted Net Income 189.60 97.80 471.90 768.30 106.00
Diluted Weighted Average Shares 43.20 44.90 50.70 37.00 32.20
Diluted EPS Excluding Extraordinary Items 0.35 1.87 -3.71 10.32 -5.69
Diluted EPS Including Extraordinary Items 4.39 2.18 9.31 20.76 3.29
DPS - Common Stock Primary Issue 1.68 1.68 1.68 -- --
Gross Dividends - Common Stock 87.30 77.40 87.30 0.00 0.00
Restructuring Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items 96.60 70.50 238.90 126.10 71.50
Normalized Income Before Taxes 85.50 225.90 45.10 90.40 43.60
Effect of Special Items on Income Taxes 33.81 32.17 83.62 44.14 25.03
Income Taxes Excluding Impact of Special Items 7.41 103.07 76.52 -476.97 13.23
Normalized Income After Taxes 78.09 122.83 -31.42 567.37 30.38
Normalized Income Available to Common 77.89 122.13 -32.72 463.67 -136.83
Basic Normalized EPS 1.82 2.73 -0.65 12.57 -4.25
Diluted Normalized EPS 1.80 2.72 -0.65 12.53 -4.25
Amortization of Intangibles, Supplemental 65.10 68.00 83.40 53.00 72.10
Depreciation, Supplemental 51.90 95.10 97.40 72.30 75.20
Interest Expense, Supplemental 116.50 144.50 222.10 264.00 309.10
Rental Expense, Supplemental 19.80 26.60 28.70 33.00 34.80
Stock-Based Compensation, Supplemental 28.90 37.70 49.20 11.90 54.20
Advertising Expense, Supplemental -- -- -- -- --
Minority Interest, Supplemental -0.20 -0.70 -1.30 -103.70 -167.20
Research & Development Expense, Supplemental 29.80 41.80 43.50 44.60 44.60
Audit-Related Fees, Supplemental -- 5.00 6.20 7.90 --
Audit-Related Fees -- 0.00 2.60 6.10 --
Tax Fees, Supplemental -- 0.10 0.10 0.10 --
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.10 --
Gross Margin 34.57 34.92 34.45 35.13 36.07
Operating Margin 3.24 8.06 1.90 5.89 7.76
Pretax Margin -0.37 3.92 -5.10 -0.94 -0.75
Effective Tax Rate -- 45.62 -- -- --
Net Profit Margin 0.50 2.11 -4.94 10.02 -4.95
Normalized EBIT 193.70 390.10 311.10 350.30 359.00
Normalized EBITDA 310.70 553.20 491.90 475.60 506.30
Current Tax - Domestic 3.00 0.40 -47.60 58.10 6.90
Current Tax - Foreign 32.60 23.20 44.30 34.70 13.20
Current Tax - Local 2.40 0.50 2.70 1.00 0.60
Current Tax - Total 38.00 24.10 -0.60 93.80 20.70
Deferred Tax - Domestic -64.50 37.90 9.90 -598.10 -18.00
Deferred Tax - Foreign 5.90 -10.60 -4.90 3.10 -10.10
Deferred Tax - Local -5.50 19.50 -11.50 -19.90 -4.40
Deferred Tax - Total -64.10 46.80 -6.50 -614.90 -32.50
Income Tax - Total -26.10 70.90 -7.10 -521.10 -11.80
Interest Cost - Domestic 1.80 2.20 2.80 2.70 --
Service Cost - Domestic 0.50 0.70 0.40 0.40 --
Expected Return on Assets - Domestic -3.70 -4.10 -4.40 -4.50 --
Actuarial Gains and Losses - Domestic 1.40 0.90 0.20 1.10 --
Curtailments & Settlements - Domestic 0.00 0.90 -- -- --
Transition Costs - Domestic -- -- -- -- --
Domestic Pension Plan Expense 0.00 0.60 -1.00 -0.30 --
Interest Cost - Foreign -- 2.30 3.40 3.60 --
Service Cost - Foreign -- 2.20 1.90 2.00 --
Expected Return on Assets - Foreign -- -3.90 -3.90 -4.20 --
Actuarial Gains and Losses - Foreign -- 3.40 1.80 1.40 --
Curtailments & Settlements - Foreign -- 0.10 0.30 0.10 --
Foreign Pension Plan Expense -- 4.10 3.50 2.90 --
Interest Cost - Post-Retirement -- -- -- -- --
Service Cost - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -- -- -- -- --
Post-Retirement Plan Expense -- -- -- -- --
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 0.00 4.70 2.50 2.60 --
Discount Rate - Domestic -- -- -- -- --
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic -- -- -- -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 1.80 4.50 6.20 6.30 --
Total Plan Service Cost 0.50 2.90 2.30 2.40 --
Total Plan Expected Return -3.70 -8.00 -8.30 -8.70 --

In millions of USD (except for per share items)

Copyright Refinitiv

Safe Harbor Disclaimer

Certain matters discussed herein, with the exception of historical matters, are forward-looking statements which involve risks and uncertainties. Actual results may differ materially from these statements as a result of changes in external competitive market factors, unanticipated changes in the company's industry, or the economy in general, as well as various other factors, including those discussed herein and those set forth in the Company's most recent Annual Report on Form 10-K.

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