Investor Relations

Income Statement

Income Statement

  Year Ending Sep 2019 (Update) Year Ending Sep 2018 (Restated) Year Ending Sep 2017 (Restated) Year Ending Sep 2016 (Restated) Year Ending Sep 2015 (Restated)
Net Sales 3,802.10 3,808.70 3,706.50 5,048.60 4,753.80
Revenue 3,802.10 3,808.70 3,706.50 5,048.60 4,753.80
Total Revenue 3,802.10 3,808.70 3,706.50 5,048.60 4,753.80
Cost of Revenue 2,492.40 2,470.80 2,369.60 3,116.60 3,021.00
Cost of Revenue, Total 2,492.40 2,470.80 2,369.60 3,116.60 3,021.00
Gross Profit 1,309.70 1,337.90 1,336.90 1,932.00 1,732.80
Selling/General/Administrative Expense 955.10 943.00 933.30 1,178.80 1,364.80
Labor & Related Expense -- -- -- 78.00 72.60
Advertising Expense -- -- -- 39.80 35.10
Selling/General/Administrative Expenses, Total 955.10 943.00 933.30 1,296.60 1,472.50
Research & Development 43.50 44.60 44.60 58.70 51.30
Amortization of Intangibles, Operating -- -- -- -- --
Depreciation/Amortization -- -- -- -- --
Investment Income - Operating -- -- -- 3.20 29.90
Interest/Investment Income - Operating -- -- -- 3.20 29.90
Interest Expense (Income), Net-Operating, Total -- -- -- 3.20 29.90
Restructuring Charge 65.70 75.60 37.50 -- --
Impairment-Assets Held for Use 151.40 20.30 16.30 -- --
Other Unusual Expense (Income) 21.80 30.20 17.70 0.00 -38.50
Unusual Expense (Income) 238.90 126.10 71.50 0.00 -38.50
Other Operating Expense -- -- -- -- --
Other, Net -- -- -- -- --
Other Operating Expenses, Total -- -- -- -- --
Total Operating Expense 3,729.90 3,584.50 3,419.00 4,475.10 4,536.20
Operating Income 72.20 224.20 287.50 573.50 217.60
Interest Expense - Non-Operating -222.10 -264.00 -309.10 -400.60 -405.90
Interest Expense, Net Non-Operating -222.10 -264.00 -309.10 -400.60 -405.90
Interest Income, Non-Operating -- -- -- -- --
Investment Income, Non-Operating -47.30 -2.30 -0.50 3.60 -15.40
Interest/Investment Income, Non-Operating -47.30 -2.30 -0.50 3.60 -15.40
Interest Income (Expense), Net-Non-Operating, Total -269.40 -266.30 -309.60 -397.00 -421.30
Other Non-Operating Income (Expense) 3.40 6.40 -5.80 -0.70 23.60
Other, Net 3.40 6.40 -5.80 -0.70 23.60
Net Income Before Taxes -193.80 -35.70 -27.90 175.80 -180.10
Income Tax – Total -7.10 -521.10 -11.80 31.60 39.60
Income After Tax -186.70 485.40 -16.10 144.20 -219.70
Minority Interest -1.30 -103.70 -167.20 -164.90 -44.40
Net Income Before Extraordinary Items -188.00 381.70 -183.30 -20.70 -264.10
Discontinued Operations 859.20 466.30 466.10 -178.10 -292.70
Extraordinary Item -- -58.40 -- -- --
Tax on Extraordinary Items -199.30 -21.30 -176.80 -- --
Total Extraordinary Items 659.90 386.60 289.30 -178.10 -292.70
Net Income 471.90 768.30 106.00 -198.80 -556.80
Preferred Dividends -- -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- -- --
Total Adjustments to Net Income -- -- -- -- --
Income Available to Common Excluding Extraordinary Items -188.00 381.70 -183.30 -20.70 -264.10
Income Available to Common Stocks Including Extraordinary Items 471.90 768.30 106.00 -198.80 -556.80
Basic Weighted Average Shares 50.70 36.90 32.20 32.20 31.95
Basic EPS Excluding Extraordinary Items -3.71 10.34 -5.69 -0.64 -8.27
Basic EPS Including Extraordinary Items 9.31 20.82 3.29 -6.17 -17.43
Dilution Adjustment -- 0.00 -- -- --
Diluted Net Income 471.90 768.30 106.00 -198.80 -556.80
Diluted Weighted Average Shares 50.70 37.00 32.20 32.20 31.95
Diluted EPS Excluding Extraordinary Items -3.71 10.32 -5.69 -0.64 -8.27
Diluted EPS Including Extraordinary Items 9.31 20.76 3.29 -6.17 -17.43
DPS - Common Stock Primary Issue 1.68 -- -- -- --
Gross Dividends - Common Stock 87.30 0.00 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 238.90 126.10 71.50 51.90 -38.50
Normalized Income Before Taxes 45.10 90.40 43.60 227.70 -218.60
Effect of Special Items on Income Taxes 83.62 44.14 25.03 9.33 -13.48
Income Taxes Excluding Impact of Special Items 76.52 -476.97 13.23 40.93 26.13
Normalized Income After Taxes -31.42 567.37 30.38 186.77 -244.73
Normalized Income Available to Common -32.72 463.67 -136.83 21.87 -289.13
Basic Normalized EPS -0.65 12.57 -4.25 0.68 -9.05
Diluted Normalized EPS -0.65 12.53 -4.25 0.68 -9.05
Amortization of Intangibles, Supplemental 83.40 53.00 72.10 93.90 87.80
Depreciation, Supplemental 97.40 72.30 75.20 89.80 83.20
Interest Expense, Supplemental 222.10 264.00 309.10 400.60 405.90
Rental Expense, Supplemental 28.70 33.00 34.80 49.60 40.80
Stock-Based Compensation, Supplemental 49.20 11.90 54.20 78.00 72.60
Advertising Expense, Supplemental -- -- -- 39.80 35.10
Minority Interest, Supplemental -1.30 -103.70 -167.20 -164.90 -44.40
Research & Development Expense, Supplemental 43.50 44.60 44.60 58.70 51.30
Audit-Related Fees, Supplemental 6.20 7.90 -- 2.46 --
Audit-Related Fees 2.60 6.10 -- 0.00 --
Tax Fees, Supplemental 0.10 0.10 -- 0.02 --
All Other Fees Paid to Auditor, Supplemental 0.00 0.10 -- 0.02 --
Gross Margin 34.45 35.13 36.07 38.27 36.45
Operating Margin 1.90 5.89 7.76 11.36 4.58
Pretax Margin -5.10 -0.94 -0.75 3.48 -3.79
Effective Tax Rate -- -- -- 17.97 --
Net Profit Margin -4.94 10.02 -4.95 -0.41 -5.56
Normalized EBIT 311.10 350.30 359.00 628.60 209.00
Normalized EBITDA 491.90 475.60 506.30 812.30 380.00
Current Tax - Domestic -47.60 58.10 6.90 -0.40 1.70
Current Tax - Foreign 44.30 34.70 13.20 60.20 40.40
Current Tax - Local 2.70 1.00 0.60 4.30 4.50
Current Tax - Total -0.60 93.80 20.70 64.10 46.60
Deferred Tax - Domestic 9.90 -598.10 -18.00 -34.20 -14.80
Deferred Tax - Foreign -4.90 3.10 -10.10 -1.10 11.20
Deferred Tax - Local -11.50 -19.90 -4.40 2.80 -3.40
Deferred Tax - Total -6.50 -614.90 -32.50 -32.50 -7.00
Income Tax - Total -7.10 -521.10 -11.80 31.60 39.60
Interest Cost - Domestic 2.80 2.70 -- -- --
Service Cost - Domestic 0.40 0.40 -- -- --
Expected Return on Assets - Domestic -4.40 -4.50 -- -- --
Actuarial Gains and Losses - Domestic 0.20 1.10 -- -- --
Curtailments & Settlements - Domestic -- -- -- -- --
Transition Costs - Domestic -- -- -- -- --
Domestic Pension Plan Expense -1.00 -0.30 -- -- --
Interest Cost - Foreign 3.40 3.60 -- -- --
Service Cost - Foreign 1.90 2.00 -- -- --
Expected Return on Assets - Foreign -3.90 -4.20 -- -- --
Actuarial Gains and Losses - Foreign 1.80 1.40 -- -- --
Curtailments & Settlements - Foreign 0.30 0.10 -- -- --
Foreign Pension Plan Expense 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 2.50 2.60 -- -- --
Discount Rate - Domestic -- -- -- -- --
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic -- -- -- -- --
Compensation Rate - Domestic -- -- -- -- --
Total Plan Interest Cost 6.20 6.30 -- -- --
Total Plan Service Cost 2.30 2.40 -- -- --
Total Plan Expected Return -8.30 -8.70 -- -- --

In millions of USD (except for per share items)

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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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