Financial Information

Comparative Highlights

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Update)
Net Sales 23,995.00 20,620.00 15,887.00
Revenue 23,995.00 20,620.00 15,887.00
Total Revenue 23,995.00 20,620.00 15,887.00
Cost of Revenue 21,009.00 18,343.00 15,023.00
Cost of Revenue, Total 21,009.00 18,343.00 15,023.00
Gross Profit 2,986.00 2,277.00 864.00
Selling/General/Administrative Expense 254.00 256.00 228.00
Selling/General/Administrative Expenses, Total 254.00 256.00 228.00
Impairment-Assets Held for Use 265.00 647.00 3,357.00
Other Unusual Expense (Income) 0.00 0.00 4,057.00
Unusual Expense (Income) 265.00 647.00 7,414.00
Total Operating Expense 21,528.00 19,246.00 22,665.00
Operating Income 2,467.00 1,374.00 -6,778.00
Interest Expense - Non-Operating -598.00 -705.00 -698.00
Interest Expense, Net Non-Operating -598.00 -705.00 -698.00
Interest Income, Non-Operating 44.00 112.00 59.00
Interest/Investment Income, Non-Operating 44.00 112.00 59.00
Interest Income (Expense), Net-Non-Operating, Total -554.00 -593.00 -639.00
Other Non-Operating Income (Expense) -99.00 -99.00 -208.00
Other, Net -99.00 -99.00 -208.00
Net Income Before Taxes 1,814.00 682.00 -7,625.00
Income Tax – Total 204.00 361.00 -1,858.00
Income After Tax 1,610.00 321.00 -5,767.00
Minority Interest -1.00 5.00 6.00
Net Income Before Extraordinary Items 1,609.00 326.00 -5,761.00
Discontinued Operations 0.00 -19.00 -2.00
Extraordinary Item 47.00 -770.00 --
Total Extraordinary Items 47.00 -789.00 -2.00
Net Income 1,656.00 -463.00 -5,763.00
Income Available to Common Excluding Extraordinary Items 1,609.00 326.00 -5,761.00
Income Available to Common Stocks Including Extraordinary Items 1,656.00 -463.00 -5,763.00
Basic Weighted Average Shares 875.00 870.00 861.00
Basic EPS Excluding Extraordinary Items 1.84 0.37 -6.69
Basic EPS Including Extraordinary Items 1.89 -0.53 -6.69
Dilution Adjustment -- -- --
Diluted Net Income 1,656.00 -463.00 -5,763.00
Diluted Weighted Average Shares 877.00 870.00 861.00
Diluted EPS Excluding Extraordinary Items 1.83 0.37 -6.69
Diluted EPS Including Extraordinary Items 1.89 -0.53 -6.69
DPS - Common Stock Primary Issue 0.72 0.72 0.72
Gross Dividends - Common Stock 630.00 626.00 614.00
Impairment-Assets Held for Use, Supplemental -- -- --
Restructuring Charge, Supplemental -- -- --
Other Unusual Expense (Income), Supplemental -- -- --
Non-Recurring Items, Total -- -- --
Total Special Items 265.00 647.00 7,414.00
Normalized Income Before Taxes 2,079.00 1,329.00 -211.00
Effect of Special Items on Income Taxes -259.00 342.47 2,594.90
Income Taxes Excluding Impact of Special Items -55.00 703.47 736.90
Normalized Income After Taxes 2,134.00 625.53 -947.90
Normalized Income Available to Common 2,133.00 630.53 -941.90
Basic Normalized EPS 2.44 0.72 -1.09
Diluted Normalized EPS 2.43 0.72 -1.09
Depreciation, Supplemental 1,606.00 1,556.00 1,503.00
Interest Expense, Supplemental 598.00 705.00 698.00
Rental Expense, Supplemental 680.00 574.00 587.00
Stock-Based Compensation, Supplemental 274.00 290.00 262.00
Minority Interest, Supplemental -1.00 5.00 6.00
Research & Development Expense, Supplemental 390.00 360.00 329.00
Audit-Related Fees, Supplemental 11.80 10.70 10.50
Audit-Related Fees 0.20 0.20 0.20
Tax Fees, Supplemental 0.30 0.90 3.50
All Other Fees Paid to Auditor, Supplemental -- -- --
Gross Margin 12.44 11.04 5.44
Operating Margin 10.28 6.66 -42.66
Pretax Margin 7.56 3.31 -48.00
Effective Tax Rate 11.25 52.93 --
Net Profit Margin 6.71 1.58 -36.26
Normalized EBIT 2,732.00 2,021.00 636.00
Normalized EBITDA 4,338.00 3,577.00 2,139.00
Current Tax - Domestic -19.00 -40.00 -737.00
Current Tax - Foreign 428.00 423.00 415.00
Current Tax - Local 15.00 14.00 -35.00
Current Tax - Total 424.00 397.00 -357.00
Deferred Tax - Domestic -239.00 -92.00 -1,343.00
Deferred Tax - Foreign -9.00 31.00 -77.00
Deferred Tax - Local 28.00 25.00 -81.00
Deferred Tax - Total -220.00 -36.00 -1,501.00
Income Tax - Total 204.00 361.00 -1,858.00
Expected Return on Assets - Foreign -- -- -40.00
Other Pension, Net - Foreign 32.00 30.00 30.00
Foreign Pension Plan Expense 32.00 30.00 -10.00
Defined Contribution Expense - Domestic 193.00 173.00 111.00
Total Pension Expense 225.00 203.00 101.00
Discount Rate - Foreign 2.80 2.90 4.20
Expected Rate of Return - Foreign 4.10 4.20 5.30
Compensation Rate - Foreign 5.50 4.80 5.40
Total Plan Expected Return -- -- -40.00
Total Plan Other Expense 32.00 30.00 30.00
Exploration and Development Costs -- -- --
1 Reported results during these periods include impariments and other chargest of $647 million for the year ended December 31,2017, merger-related costs and termination fee of $4.1 billion and impairments and other charges of $3.4 billion for the year ended December 31, 2016, and impairments and other charges of $2.2 billion for the year ended December 31, 2015.
2 Working Capital is defined as total current assets less total current liabilities.
3 Debt to Total Capitalization is defined as total debt divided by the sum of total debt plustotal shareholders’ equity.
4 Return on Average Capital Employed is defined as net income before net interest expense divided by average capital employed. Capital employed includes total debt and total shareholders’ equity.
5 Total Capitalization is defined as total debt plus total shareholders’ equity.

 

 

 

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