Fundamentals - Income Statement

  Year Ending Mar 2020 (Update) Year Ending Mar 2019 (Update) Year Ending Mar 2018 (Update) Year Ending Mar 2017 (Update) Year Ending Mar 2016 (Update)
Net Sales 3,088.97 2,668.39 1,792.89 1,779.75 1,413.70
Revenue 3,088.97 2,668.39 1,792.89 1,779.75 1,413.70
Total Revenue 3,088.97 2,668.39 1,792.89 1,779.75 1,413.70
Cost of Revenue 1,542.45 1,523.64 898.31 1,022.96 813.87
Cost of Revenue, Total 1,542.45 1,523.64 898.31 1,022.96 813.87
Gross Profit 1,546.52 1,144.75 894.58 756.79 599.83
Selling/General/Administrative Expense 418.77 347.73 283.90 268.55 246.27
Labor & Related Expense 72.29 75.59 71.30 52.87 49.75
Advertising Expense 285.61 249.32 140.62 173.95 94.74
Selling/General/Administrative Expenses, Total 776.66 672.63 495.81 495.37 390.76
Research & Development 290.22 223.73 189.88 136.93 119.81
Depreciation 47.63 39.73 32.20 30.63 28.80
Amortization of Intangibles, Operating 6.67 6.94 15.11 2.56 0.00
Depreciation/Amortization 54.29 46.67 47.31 33.19 28.80
Purchased R&D Written-Off -- -- 11.26 -- --
Restructuring Charge 0.08 -4.96 14.74 0.00 71.29
Other Unusual Expense (Income) -- -- -- -- --
Unusual Expense (Income) 0.08 -4.96 26.00 0.00 71.29
Total Operating Expense 2,663.70 2,461.72 1,657.32 1,688.44 1,424.53
Operating Income 425.27 206.67 135.58 91.31 -10.83
Interest Expense - Non-Operating -2.64 -8.03 -22.27 -- --
Interest Expense, Net Non-Operating -2.64 -8.03 -22.27 -- --
Interest Income, Non-Operating 47.34 38.02 21.26 7.87 --
Investment Income, Non-Operating -9.88 -0.51 -3.04 6.34 1.28
Interest/Investment Income, Non-Operating 37.46 37.51 18.23 14.21 1.28
Interest Income (Expense), Net Non-Operating 0.96 -- -- -29.57 -29.24
Interest Income (Expense), Net-Non-Operating, Total 35.78 29.48 -4.04 -15.36 -27.96
Gain (Loss) on Sale of Assets -- -- -- -- --
Other Non-Operating Income (Expense) -2.61 -3.37 5.09 1.02 0.44
Other, Net -2.61 -3.37 5.09 1.02 0.44
Net Income Before Taxes 458.44 232.79 136.63 76.97 -38.35
Income Tax – Total 53.98 -96.50 -48.78 9.66 -30.05
Income After Tax 404.46 329.28 185.41 67.30 -8.30
Net Income Before Extraordinary Items 404.46 329.28 185.41 67.30 -8.30
Discontinued Operations -- -- -- -- 0.00
Extraordinary Item -- 4.55 -11.88 -- --
Total Extraordinary Items -- 4.55 -11.88 -- 0.00
Net Income 404.46 333.84 173.53 67.30 -8.30
Miscellaneous Earnings Adjustment 0.00 0.00 -0.16 -1.28 0.00
Total Adjustments to Net Income 0.00 0.00 -0.16 -1.28 0.00
Income Available to Common Excluding Extraordinary Items 404.46 329.28 185.25 66.03 -8.30
Income Available to Common Stocks Including Extraordinary Items 404.46 333.84 173.37 66.03 -8.30
Basic Weighted Average Shares 113.10 113.18 110.11 90.18 83.42
Basic EPS Excluding Extraordinary Items 3.58 2.91 1.68 0.73 -0.10
Basic EPS Including Extraordinary Items 3.58 2.95 1.57 0.73 -0.10
Dilution Adjustment -- -- 0.00 0.03 --
Diluted Net Income 404.46 333.84 173.38 66.06 -8.30
Diluted Weighted Average Shares 114.14 115.20 112.76 92.33 83.42
Diluted EPS Excluding Extraordinary Items 3.54 2.86 1.64 0.72 -0.10
Diluted EPS Including Extraordinary Items 3.54 2.90 1.54 0.72 -0.10
DPS - Common Stock Primary Issue -- -- -- -- 0.00
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Impairment-Assets Held for Use, Supplemental 0.00 7.43 1.06 20.17 22.67
Restructuring Charge, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- -- -4.90 -- --
Non-Recurring Items, Total 0.00 7.43 -3.84 20.17 22.67
Total Special Items 0.08 2.47 22.16 20.17 93.96
Normalized Income Before Taxes 458.52 235.25 158.78 97.13 55.61
Effect of Special Items on Income Taxes 0.01 0.86 3.82 2.53 32.88
Income Taxes Excluding Impact of Special Items 53.99 -95.64 -44.97 12.19 2.84
Normalized Income After Taxes 404.53 330.89 203.75 84.94 52.77
Normalized Income Available to Common 404.53 330.89 203.59 83.66 52.77
Basic Normalized EPS 3.58 2.92 1.85 0.93 0.63
Diluted Normalized EPS 3.54 2.87 1.81 0.91 0.63
Amortization of Intangibles, Supplemental 188.92 217.67 111.66 208.29 111.96
Depreciation, Supplemental 47.63 39.73 32.20 30.71 28.80
Interest Expense, Supplemental 2.91 8.03 22.27 -- --
Rental Expense, Supplemental 32.15 29.20 25.30 19.55 18.03
Stock-Based Compensation, Supplemental 257.88 247.70 113.93 81.88 70.00
Advertising Expense, Supplemental 285.61 249.32 140.62 173.95 94.74
Research & Development Expense, Supplemental 290.22 223.73 189.88 136.93 119.81
Audit-Related Fees, Supplemental -- -- 3.25 3.12 2.91
Audit-Related Fees -- -- 0.19 0.06 0.08
Tax Fees, Supplemental -- -- 1.94 1.42 0.92
Gross Margin 50.07 42.90 49.90 42.52 42.43
Operating Margin 13.77 7.75 7.56 5.13 -0.77
Pretax Margin 14.84 8.72 7.62 4.32 -2.71
Effective Tax Rate 11.77 -41.45 -35.71 12.55 --
Net Profit Margin 13.09 12.34 10.33 3.71 -0.59
Normalized EBIT 425.35 209.14 157.74 111.47 83.13
Normalized EBITDA 661.89 466.54 301.60 350.47 223.89
Current Tax - Domestic 26.56 12.79 -25.41 19.27 0.79
Current Tax - Foreign 10.06 22.27 4.21 -13.01 -31.51
Current Tax - Local 3.58 2.86 -1.27 2.52 0.94
Current Tax - Total 40.20 37.92 -22.46 8.78 -29.78
Deferred Tax - Domestic 45.08 -128.32 -7.33 0.97 1.21
Deferred Tax - Foreign -32.61 3.05 -19.19 -2.48 -1.25
Deferred Tax - Local 1.32 -9.16 0.20 2.40 -0.23
Deferred Tax - Total 13.78 -134.42 -26.32 0.88 -0.27
Income Tax - Total 53.98 -96.50 -48.78 9.66 -30.05
Defined Contribution Expense - Domestic 14.07 10.88 9.59 8.02 8.35
Total Pension Expense 14.07 10.88 9.59 8.02 8.35

In millions of USD (except for per share items)

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