Investor Relations

Income Statement

Income Statement

  Year Ending Sep 2020 (Update) Year Ending Sep 2019 (Update) Year Ending Sep 2018 (Restated) Year Ending Sep 2017 (Restated) Year Ending Sep 2016 (Restated)
Net Sales 3,964.20 3,802.10 3,808.70 3,706.50 5,048.60
Revenue 3,964.20 3,802.10 3,808.70 3,706.50 5,048.60
Total Revenue 3,964.20 3,802.10 3,808.70 3,706.50 5,048.60
Cost of Revenue 2,580.00 2,492.40 2,470.80 2,369.60 3,116.60
Cost of Revenue, Total 2,580.00 2,492.40 2,470.80 2,369.60 3,116.60
Gross Profit 1,384.20 1,309.70 1,337.90 1,336.90 1,932.00
Selling/General/Administrative Expense 952.30 955.10 943.00 933.30 1,178.80
Labor & Related Expense -- -- -- -- 78.00
Advertising Expense -- -- -- -- 39.80
Selling/General/Administrative Expenses, Total 952.30 955.10 943.00 933.30 1,296.60
Research & Development 41.80 43.50 44.60 44.60 58.70
Amortization of Intangibles, Operating -- -- -- -- --
Depreciation/Amortization -- -- -- -- --
Investment Income - Operating -- -- -- -- 3.20
Interest/Investment Income - Operating -- -- -- -- 3.20
Interest Expense (Income), Net-Operating, Total -- -- -- -- 3.20
Restructuring Charge 72.60 65.70 75.60 37.50 --
Impairment-Assets Held for Use 24.20 151.40 20.30 16.30 --
Loss (Gain) on Sale of Assets - Operating 26.80 -- -- -- --
Other Unusual Expense (Income) -53.10 21.80 30.20 17.70 0.00
Unusual Expense (Income) 70.50 238.90 126.10 71.50 0.00
Other Operating Expense -- -- -- -- --
Other, Net -- -- -- -- --
Other Operating Expenses, Total -- -- -- -- --
Total Operating Expense 3,644.60 3,729.90 3,584.50 3,419.00 4,475.10
Operating Income 319.60 72.20 224.20 287.50 573.50
Interest Expense - Non-Operating -144.50 -222.10 -264.00 -309.10 -400.60
Interest Expense, Net Non-Operating -144.50 -222.10 -264.00 -309.10 -400.60
Investment Income, Non-Operating -- -47.30 -2.30 -0.50 3.60
Interest/Investment Income, Non-Operating -- -47.30 -2.30 -0.50 3.60
Interest Income (Expense), Net-Non-Operating, Total -144.50 -269.40 -266.30 -309.60 -397.00
Other Non-Operating Income (Expense) -19.70 3.40 6.40 -5.80 -0.70
Other, Net -19.70 3.40 6.40 -5.80 -0.70
Net Income Before Taxes 155.40 -193.80 -35.70 -27.90 175.80
Income Tax – Total 70.90 -7.10 -521.10 -11.80 31.60
Income After Tax 84.50 -186.70 485.40 -16.10 144.20
Minority Interest -0.70 -1.30 -103.70 -167.20 -164.90
Net Income Before Extraordinary Items 83.80 -188.00 381.70 -183.30 -20.70
Discontinued Operations 4.10 859.20 466.30 466.10 -178.10
Extraordinary Item -- -- -58.40 -- --
Tax on Extraordinary Items 9.90 -199.30 -21.30 -176.80 --
Total Extraordinary Items 14.00 659.90 386.60 289.30 -178.10
Net Income 97.80 471.90 768.30 106.00 -198.80
Preferred Dividends -- -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items 83.80 -188.00 381.70 -183.30 -20.70
Income Available to Common Stocks Including Extraordinary Items 97.80 471.90 768.30 106.00 -198.80
Basic Weighted Average Shares 44.70 50.70 36.90 32.20 32.20
Basic EPS Excluding Extraordinary Items 1.87 -3.71 10.34 -5.69 -0.64
Basic EPS Including Extraordinary Items 2.19 9.31 20.82 3.29 -6.17
Dilution Adjustment -- -- 0.00 -- --
Diluted Net Income 97.80 471.90 768.30 106.00 -198.80
Diluted Weighted Average Shares 44.90 50.70 37.00 32.20 32.20
Diluted EPS Excluding Extraordinary Items 1.87 -3.71 10.32 -5.69 -0.64
Diluted EPS Including Extraordinary Items 2.18 9.31 20.76 3.29 -6.17
DPS - Common Stock Primary Issue 1.68 1.68 -- -- --
Gross Dividends - Common Stock 77.40 87.30 0.00 0.00 --
Restructuring Charge, Supplemental -- -- -- -- 15.20
Other Unusual Expense (Income), Supplemental -- -- -- -- 36.70
Non-Recurring Items, Total -- -- -- -- 51.90
Total Special Items 70.50 238.90 126.10 71.50 51.90
Normalized Income Before Taxes 225.90 45.10 90.40 43.60 227.70
Effect of Special Items on Income Taxes 32.17 83.62 44.14 25.03 9.33
Income Taxes Excluding Impact of Special Items 103.07 76.52 -476.97 13.23 40.93
Normalized Income After Taxes 122.83 -31.42 567.37 30.38 186.77
Normalized Income Available to Common 122.13 -32.72 463.67 -136.83 21.87
Basic Normalized EPS 2.73 -0.65 12.57 -4.25 0.68
Diluted Normalized EPS 2.72 -0.65 12.53 -4.25 0.68
Amortization of Intangibles, Supplemental 68.00 83.40 53.00 72.10 93.90
Depreciation, Supplemental 95.10 97.40 72.30 75.20 89.80
Interest Expense, Supplemental 144.50 222.10 264.00 309.10 400.60
Rental Expense, Supplemental 26.60 28.70 33.00 34.80 49.60
Stock-Based Compensation, Supplemental 37.70 49.20 11.90 54.20 78.00
Advertising Expense, Supplemental -- -- -- -- 39.80
Minority Interest, Supplemental -0.70 -1.30 -103.70 -167.20 -164.90
Research & Development Expense, Supplemental 41.80 43.50 44.60 44.60 58.70
Audit-Related Fees, Supplemental 5.00 6.20 7.90 -- 2.46
Audit-Related Fees 0.00 2.60 6.10 -- 0.00
Tax Fees, Supplemental 0.10 0.10 0.10 -- 0.02
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.10 -- 0.02
Gross Margin 34.92 34.45 35.13 36.07 38.27
Operating Margin 8.06 1.90 5.89 7.76 11.36
Pretax Margin 3.92 -5.10 -0.94 -0.75 3.48
Effective Tax Rate 45.62 -- -- -- 17.97
Net Profit Margin 2.11 -4.94 10.02 -4.95 -0.41
Normalized EBIT 390.10 311.10 350.30 359.00 628.60
Normalized EBITDA 553.20 491.90 475.60 506.30 812.30
Current Tax - Domestic 0.40 -47.60 58.10 6.90 -0.40
Current Tax - Foreign 23.20 44.30 34.70 13.20 60.20
Current Tax - Local 0.50 2.70 1.00 0.60 4.30
Current Tax - Total 24.10 -0.60 93.80 20.70 64.10
Deferred Tax - Domestic 37.90 9.90 -598.10 -18.00 -34.20
Deferred Tax - Foreign -10.60 -4.90 3.10 -10.10 -1.10
Deferred Tax - Local 19.50 -11.50 -19.90 -4.40 2.80
Deferred Tax - Total 46.80 -6.50 -614.90 -32.50 -32.50
Income Tax - Total 70.90 -7.10 -521.10 -11.80 31.60
Interest Cost - Domestic 2.20 2.80 2.70 -- --
Service Cost - Domestic 0.70 0.40 0.40 -- --
Expected Return on Assets - Domestic -4.10 -4.40 -4.50 -- --
Actuarial Gains and Losses - Domestic 0.90 0.20 1.10 -- --
Curtailments & Settlements - Domestic 0.90 -- -- -- --
Transition Costs - Domestic -- -- -- -- --
Domestic Pension Plan Expense 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 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 4.50 6.20 6.30 -- --
Total Plan Service Cost 2.90 2.30 2.40 -- --
Total Plan Expected Return -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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