Fundamentals - Income Statement

Financial Fundamentals

Fundamentals - Income Statement

  Year Ending Aug 2020 Year Ending Aug 2019 Year Ending Aug 2018 (Reclassified) Year Ending Aug 2017 Year Ending Aug 2016
Net Sales 3,326.30 3,672.70 3,680.10 3,505.10 3,291.30
Revenue 3,326.30 3,672.70 3,680.10 3,505.10 3,291.30
Total Revenue 3,326.30 3,672.70 3,680.10 3,505.10 3,291.30
Cost of Revenue 1,923.90 2,193.00 2,194.70 2,023.90 1,855.10
Cost of Revenue, Total 1,923.90 2,193.00 2,194.70 2,023.90 1,855.10
Gross Profit 1,402.40 1,479.70 1,485.40 1,481.20 1,436.20
Selling/General/Administrative Expense 848.80 860.50 873.70 820.50 834.30
Labor & Related Expense 38.20 29.20 32.30 32.00 27.70
Advertising Expense 15.10 18.50 20.60 18.60 18.40
Selling/General/Administrative Expenses, Total 902.10 908.20 926.60 871.10 880.40
Research & Development 82.00 74.70 63.90 52.00 47.10
Amortization of Intangibles, Operating 41.70 30.80 28.50 28.00 21.40
Depreciation/Amortization 41.70 30.80 28.50 28.00 21.40
Restructuring Charge 12.60 1.80 5.60 11.30 --
Impairment-Assets Held for Use 8.80 -- -- 0.00 5.10
Other Unusual Expense (Income) 1.30 1.30 -- 0.00 7.00
Unusual Expense (Income) 22.70 3.10 5.60 11.30 12.10
Total Operating Expense 2,972.40 3,209.80 3,219.30 2,986.30 2,816.10
Operating Income 353.90 462.90 460.80 518.80 475.20
Interest Expense - Non-Operating -26.40 -36.40 -35.50 -34.10 -33.30
Interest Expense, Net Non-Operating -26.40 -36.40 -35.50 -34.10 -33.30
Interest Income, Non-Operating 3.10 3.10 2.00 1.60 1.10
Investment Income, Non-Operating -- 0.60 0.10 7.70 0.80
Interest/Investment Income, Non-Operating 3.10 3.70 2.10 9.30 1.90
Interest Income (Expense), Net Non-Operating -- -- -- -0.50 --
Interest Income (Expense), Net-Non-Operating, Total -23.30 -32.70 -33.40 -25.30 -31.40
Other Non-Operating Income (Expense) -5.90 -5.30 -1.50 -0.90 0.80
Other, Net -5.90 -5.30 -1.50 -0.90 0.80
Net Income Before Taxes 324.70 424.90 425.90 492.60 444.60
Income Tax – Total 76.40 96.70 110.90 170.90 153.80
Income After Tax 248.30 328.20 315.00 321.70 290.80
Net Income Before Extraordinary Items 248.30 328.20 315.00 321.70 290.80
Discontinued Operations -- -- -- -- --
Extraordinary Item 0.00 2.20 34.60 -- --
Total Extraordinary Items 0.00 2.20 34.60 -- --
Net Income 248.30 330.40 349.60 321.70 290.80
Miscellaneous Earnings Adjustment -- -- -- -- -0.40
Total Adjustments to Net Income -- -- -- -- -0.40
Income Available to Common Excluding Extraordinary Items 248.30 328.20 315.00 321.70 290.40
Income Available to Common Stocks Including Extraordinary Items 248.30 330.40 349.60 321.70 290.40
Basic Weighted Average Shares 39.50 39.70 40.90 43.10 43.50
Basic EPS Excluding Extraordinary Items 6.29 8.27 7.70 7.46 6.68
Basic EPS Including Extraordinary Items 6.29 8.32 8.55 7.46 6.68
Dilution Adjustment -- -- -- -- --
Diluted Net Income 248.30 330.40 349.60 321.70 290.40
Diluted Weighted Average Shares 39.60 39.80 41.00 43.30 43.80
Diluted EPS Excluding Extraordinary Items 6.27 8.25 7.68 7.43 6.63
Diluted EPS Including Extraordinary Items 6.27 8.30 8.53 7.43 6.63
DPS - Common Stock Primary Issue 0.52 0.52 0.52 0.52 0.52
Gross Dividends - Common Stock 20.80 20.80 21.40 22.70 22.90
Other Unusual Expense (Income), Supplemental 1.20 1.20 -- -- --
Non-Recurring Items, Total 1.20 1.20 -- -- --
Total Special Items 23.90 4.30 5.60 11.30 12.10
Normalized Income Before Taxes 348.60 429.20 431.50 503.90 456.70
Effect of Special Items on Income Taxes 5.62 0.98 1.46 3.92 4.19
Income Taxes Excluding Impact of Special Items 82.02 97.68 112.36 174.82 157.99
Normalized Income After Taxes 266.58 331.52 319.14 329.08 298.71
Normalized Income Available to Common 266.58 331.52 319.14 329.08 298.31
Basic Normalized EPS 6.75 8.35 7.80 7.64 6.86
Diluted Normalized EPS 6.73 8.33 7.78 7.60 6.81
Amortization of Intangibles, Supplemental 41.70 30.80 28.50 28.00 21.40
Depreciation, Supplemental 59.40 57.50 51.80 46.60 40.90
Interest Expense, Supplemental 26.40 36.40 35.50 34.10 33.30
Rental Expense, Supplemental 18.10 22.60 22.30 20.00 17.60
Stock-Based Compensation, Supplemental 38.20 29.20 32.30 32.00 27.70
Advertising Expense, Supplemental 15.10 18.50 20.60 18.60 18.40
Research & Development Expense, Supplemental 82.00 74.70 63.90 52.00 47.10
Audit-Related Fees, Supplemental 2.05 2.51 2.54 2.51 2.61
Audit-Related Fees -- 0.00 -- -- --
Tax Fees, Supplemental 0.08 0.11 0.11 0.12 0.41
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.06 -- --
Gross Margin 42.16 40.29 40.36 42.26 43.64
Operating Margin 10.64 12.60 12.52 14.80 14.44
Pretax Margin 9.76 11.57 11.57 14.05 13.51
Effective Tax Rate 23.53 22.76 26.04 34.69 34.59
Net Profit Margin 7.46 8.94 8.56 9.18 8.82
Normalized EBIT 377.80 467.20 466.40 530.10 487.30
Normalized EBITDA 478.90 555.50 546.70 604.70 549.60
Current Tax - Domestic 54.60 60.30 88.90 151.20 139.60
Current Tax - Foreign 16.00 10.20 9.20 7.00 5.10
Current Tax - Local 12.50 14.70 16.40 20.40 17.60
Current Tax - Total 83.10 85.20 114.50 178.60 162.30
Deferred Tax - Domestic -6.70 11.50 -3.60 -- --
Deferred Tax - Total -- -- -- -7.70 -8.50
Deferred Tax - Total -6.70 11.50 -3.60 -7.70 -8.50
Income Tax - Total 76.40 96.70 110.90 170.90 153.80
Interest Cost - Domestic 6.40 7.70 7.30 6.90 8.00
Service Cost - Domestic 4.30 2.90 2.70 3.50 3.60
Prior Service Cost - Domestic 4.00 3.50 3.10 3.10 3.10
Expected Return on Assets - Domestic -10.40 -10.50 -10.20 -9.40 -9.20
Actuarial Gains and Losses - Domestic 4.20 2.70 4.50 5.30 3.00
Curtailments & Settlements - Domestic 0.00 0.40 -- -- 0.00
Domestic Pension Plan Expense 8.50 6.70 7.40 9.40 8.50
Interest Cost - Foreign 0.90 1.30 1.30 1.10 1.70
Service Cost - Foreign 0.30 0.20 0.20 0.20 0.10
Prior Service Cost - Foreign -- -- 0.00 0.00 0.00
Expected Return on Assets - Foreign -2.00 -1.90 -2.20 -1.90 -1.90
Actuarial Gains and Losses - Foreign 1.40 1.40 2.30 3.60 1.90
Curtailments & Settlements - Foreign -- -- -- -- 0.00
Foreign Pension Plan Expense 0.60 1.00 1.60 3.00 1.80
Defined Contribution Expense - Domestic 8.20 8.10 8.00 8.00 6.90
Total Pension Expense 17.30 15.80 17.00 20.40 17.20
Discount Rate - Domestic 2.80 3.90 3.50 3.20 4.30
Discount Rate - Foreign 2.00 2.90 2.50 2.10 2.10
Expected Rate of Return - Domestic 7.00 7.30 7.50 7.50 7.50
Expected Rate of Return - Foreign 6.50 7.50 6.50 6.50 6.50
Compensation Rate - Domestic 5.00 5.50 5.50 5.50 5.50
Compensation Rate - Foreign 3.00 3.10 3.10 3.20 2.80
Total Plan Interest Cost 7.30 9.00 8.60 8.00 9.70
Total Plan Service Cost 4.60 3.10 2.90 3.70 3.70
Total Plan Expected Return -12.40 -12.40 -12.40 -11.30 -11.10

In millions of USD (except for per share items)

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