Financial Statements

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update)
Net Sales 1,399.07 1,059.57 743.18 775.74
Revenue 1,399.07 1,059.57 743.18 775.74
Total Revenue 1,399.07 1,059.57 743.18 775.74
Cost of Revenue 611.87 446.00 321.41 328.40
Cost of Revenue, Total 611.87 446.00 321.41 328.40
Gross Profit 787.20 613.58 421.77 447.34
Selling/General/Administrative Expense 328.49 246.38 153.50 175.23
Labor & Related Expense 5.12 2.77 3.02 3.00
Selling/General/Administrative Expenses, Total 333.61 249.14 156.52 178.23
Depreciation 432.67 291.87 174.01 179.92
Depreciation/Amortization 432.67 291.87 174.01 179.92
Impairment-Assets Held for Use 0.00 0.00 0.61 --
Other Unusual Expense (Income) 1.96 33.65 7.77 42.66
Unusual Expense (Income) 1.96 33.65 8.38 42.66
Total Operating Expense 1,380.11 1,020.66 660.33 729.20
Operating Income 18.97 38.91 82.85 46.53
Interest Expense - Non-Operating -- -- -- --
Interest Capitalized - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -- -- -- --
Interest Income, Non-Operating -- -- -- --
Investment Income, Non-Operating 39.60 31.75 32.97 36.69
Interest/Investment Income, Non-Operating 39.60 31.75 32.97 36.69
Interest Income (Expense), Net Non-Operating -134.58 -129.79 -76.83 -79.62
Interest Income (Expense), Net-Non-Operating, Total -94.98 -98.04 -43.85 -42.93
Other Non-Operating Income (Expense) 1.32 -0.50 -0.84 -1.50
Other, Net 1.32 -0.50 -0.84 -1.50
Net Income Before Taxes -74.70 -59.63 38.16 2.10
Income Tax – Total -18.93 -12.03 22.96 2.78
Income After Tax -55.77 -47.60 15.20 -0.67
Minority Interest -0.26 -0.35 -0.27 -0.21
Net Income Before Extraordinary Items -56.03 -47.96 14.93 -0.88
Discontinued Operations -- -- -- 0.00
Extraordinary Item 5.20 112.90 -- --
Total Extraordinary Items 5.20 112.90 -- 0.00
Net Income -50.83 64.95 14.93 -0.88
Miscellaneous Earnings Adjustment -0.81 -0.36 -0.52 0.00
Total Adjustments to Net Income -0.81 -0.36 -0.52 0.00
Income Available to Common Excluding Extraordinary Items -56.84 -48.32 14.41 -0.88
Income Available to Common Stocks Including Extraordinary Items -51.64 64.58 14.41 -0.88
Basic Weighted Average Shares 70.61 60.37 50.30 50.18
Basic EPS Excluding Extraordinary Items -0.81 -0.80 0.29 -0.02
Basic EPS Including Extraordinary Items -0.73 1.07 0.29 -0.02
Dilution Adjustment -- -- -- --
Diluted Net Income -51.64 64.58 14.41 -0.88
Diluted Weighted Average Shares 70.61 60.37 50.30 50.18
Diluted EPS Excluding Extraordinary Items -0.81 -0.80 0.29 -0.02
Diluted EPS Including Extraordinary Items -0.73 1.07 0.29 -0.02
DPS - Common Stock Primary Issue 1.55 1.55 1.55 1.55
Gross Dividends - Common Stock 110.20 94.10 78.47 78.25
Other Unusual Expense (Income), Supplemental -- -- -- --
Non-Recurring Items, Total -- -- -- --
Total Special Items 1.96 33.65 8.38 42.66
Normalized Income Before Taxes -72.74 -25.98 46.54 44.76
Effect of Special Items on Income Taxes 0.69 11.78 2.93 14.93
Income Taxes Excluding Impact of Special Items -18.24 -0.25 25.90 17.70
Normalized Income After Taxes -54.50 -25.73 20.64 27.05
Normalized Income Available to Common -55.57 -26.44 19.86 26.84
Basic Normalized EPS -0.79 -0.44 0.39 0.54
Diluted Normalized EPS -0.79 -0.44 0.39 0.54
Amortization of Intangibles, Supplemental 66.30 28.00 12.90 12.80
Depreciation, Supplemental 366.37 263.87 161.11 167.12
Interest Expense, Supplemental -- -- -- --
Interest Capitalized, Supplemental -5.66 -1.25 -1.15 -1.37
Rental Expense, Supplemental 32.20 23.70 12.70 12.10
Stock-Based Compensation, Supplemental 5.12 2.77 3.02 3.06
Advertising Expense, Supplemental 11.40 10.90 8.70 8.30
Minority Interest, Supplemental -0.26 -0.35 -0.27 -0.21
Audit-Related Fees, Supplemental 2.50 3.30 1.70 2.00
Audit-Related Fees 0.10 0.00 0.00 0.00
Tax Fees, Supplemental 0.70 1.10 0.50 0.60
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 56.27 57.91 56.75 57.67
Operating Margin 1.36 3.67 11.15 6.00
Pretax Margin -5.34 -5.63 5.13 0.27
Effective Tax Rate -- -- 60.18 131.89
Net Profit Margin -4.06 -4.56 1.94 -0.11
Normalized EBIT 20.93 72.56 91.24 89.19
Normalized EBITDA 453.60 364.44 265.25 269.11
Current Tax - Domestic 0.25 1.06 1.39 -3.71
Current Tax - Foreign -- -- -- --
Current Tax - Local 1.63 0.15 0.71 0.66
Current Tax - Total 1.88 1.20 2.10 -3.05
Deferred Tax - Domestic -12.05 -18.73 20.09 4.32
Deferred Tax - Foreign -- -- -- --
Deferred Tax - Local -8.76 5.50 0.78 1.51
Deferred Tax - Total -20.81 -13.23 20.86 5.83
Income Tax - Total -18.93 -12.03 22.96 2.78
Interest Cost - Domestic 28.87 21.88 16.29 15.79
Service Cost - Domestic 5.81 3.06 0.34 0.41
Prior Service Cost - Domestic -0.20 -0.32 -0.46 -0.46
Expected Return on Assets - Domestic -38.64 -28.46 -20.64 23.37
Actuarial Gains and Losses - Domestic 6.11 6.24 5.42 -4.02
Curtailments & Settlements - Domestic -1.06 -1.32 -- --
Domestic Pension Plan Expense 0.88 1.09 0.96 35.10
Interest Cost - Post-Retirement 4.13 3.03 2.02 1.71
Service Cost - Post-Retirement 0.41 0.50 0.60 0.60
Prior Service Cost - Post-Retirement 0.37 -0.52 -0.52 -0.62
Expected Return on Assets - Post-Retirement -0.14 -0.11 -0.15 -0.15
Actuarial Gains and Losses - Post-Retirement -0.06 -0.17 -- -0.13
Other Post-Retirement, Net -- -- -- --
Post-Retirement Plan Expense 4.70 2.73 1.95 1.41
Defined Contribution Expense - Domestic 26.60 9.80 6.70 --
Total Pension Expense 32.19 13.61 9.62 36.50
Discount Rate - Domestic 3.75 4.02 4.76 4.27
Discount Rate - Post-Retirement 3.62 3.96 4.61 4.11
Expected Rate of Return - Domestic 7.03 7.23 7.75 --
Compensation Rate - Domestic 2.50 2.39 1.75 8.00
Total Plan Interest Cost 33.00 24.92 18.31 17.50
Total Plan Service Cost 6.21 3.55 0.95 1.01
Total Plan Expected Return -38.78 -28.57 -20.78 23.22
Total Plan Other Expense -- -- -- --

In millions of USD (except for per share items)

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