Financial Information

Financial Information

Comparative Highlights

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 14,445.00 22,408.00 23,995.00
Revenue 14,445.00 22,408.00 23,995.00
Total Revenue 14,445.00 22,408.00 23,995.00
Cost of Revenue -- 20,123.00 21,009.00
Cost of Revenue, Total -- 20,123.00 21,009.00
Gross Profit -- 2,285.00 2,986.00
Selling/General/Administrative Expense -- 227.00 254.00
Selling/General/Administrative Expenses, Total -- 227.00 254.00
Restructuring Charge 384.00 172.00 --
Impairment-Assets Held for Use 2,629.00 1,603.00 265.00
Impairment-Assets Held for Sale 505.00 -- --
Other Unusual Expense (Income) 449.00 731.00 0.00
Unusual Expense (Income) 3,967.00 2,506.00 265.00
Other Operating Expense 14,646.00 -- --
Other, Net -1,564.00 -- --
Other Operating Expenses, Total 13,082.00 -- --
Total Operating Expense 17,049.00 22,856.00 21,528.00
Operating Income -2,604.00 -448.00 2,467.00
Interest Expense - Non-Operating -- -592.00 -598.00
Interest Expense, Net Non-Operating -- -592.00 -598.00
Interest Income, Non-Operating -- 23.00 44.00
Interest/Investment Income, Non-Operating -- 23.00 44.00
Interest Income (Expense), Net Non-Operating -505.00 -- --
Interest Income (Expense), Net-Non-Operating, Total -505.00 -569.00 -554.00
Other Non-Operating Income (Expense) -111.00 -105.00 -99.00
Other, Net -111.00 -105.00 -99.00
Net Income Before Taxes -3,220.00 -1,122.00 1,814.00
Income Tax – Total -278.00 7.00 204.00
Income After Tax -2,942.00 -1,129.00 1,610.00
Minority Interest -3.00 -2.00 -1.00
Net Income Before Extraordinary Items -2,945.00 -1,131.00 1,609.00
Discontinued Operations -- 0.00 0.00
Extraordinary Item -- -- 47.00
Total Extraordinary Items -- 0.00 47.00
Net Income -2,945.00 -1,131.00 1,656.00
Income Available to Common Excluding Extraordinary Items -2,945.00 -1,131.00 1,609.00
Income Available to Common Stocks Including Extraordinary Items -2,945.00 -1,131.00 1,656.00
Basic Weighted Average Shares 881.00 875.00 875.00
Basic EPS Excluding Extraordinary Items -3.34 -1.29 1.84
Basic EPS Including Extraordinary Items -3.34 -1.29 1.89
Dilution Adjustment -- -- --
Diluted Net Income -2,945.00 -1,131.00 1,656.00
Diluted Weighted Average Shares 881.00 875.00 877.00
Diluted EPS Excluding Extraordinary Items -3.34 -1.29 1.83
Diluted EPS Including Extraordinary Items -3.34 -1.29 1.89
DPS - Common Stock Primary Issue 0.32 0.72 0.72
Gross Dividends - Common Stock -- 630.00 630.00
Impairment-Assets Held for Use, Supplemental -- -- --
Restructuring Charge, Supplemental -- -- --
Other Unusual Expense (Income), Supplemental -- -- --
Non-Recurring Items, Total -- -- --
Total Special Items 3,967.00 2,506.00 265.00
Normalized Income Before Taxes 747.00 1,384.00 2,079.00
Effect of Special Items on Income Taxes -437.00 -291.00 -259.00
Income Taxes Excluding Impact of Special Items -715.00 -284.00 -55.00
Normalized Income After Taxes 1,462.00 1,668.00 2,134.00
Normalized Income Available to Common 1,459.00 1,666.00 2,133.00
Basic Normalized EPS 1.66 1.90 2.44
Diluted Normalized EPS 1.66 1.90 2.43
Depreciation, Supplemental 1,058.00 1,625.00 1,606.00
Interest Expense, Supplemental -- 643.00 598.00
Rental Expense, Supplemental -- 465.00 680.00
Stock-Based Compensation, Supplemental -- 257.00 274.00
Minority Interest, Supplemental -3.00 -2.00 -1.00
Research & Development Expense, Supplemental -- 404.00 390.00
Audit-Related Fees, Supplemental -- 10.70 11.80
Audit-Related Fees -- 0.10 0.20
Tax Fees, Supplemental -- 0.50 0.30
All Other Fees Paid to Auditor, Supplemental -- -- --
Gross Margin -- 10.20 12.44
Operating Margin -18.03 -2.00 10.28
Pretax Margin -22.29 -5.01 7.56
Effective Tax Rate -- -- 11.25
Net Profit Margin -20.39 -5.05 6.71
Normalized EBIT 1,363.00 2,058.00 2,732.00
Normalized EBITDA 2,421.00 3,683.00 4,338.00
Current Tax - Domestic -- -32.00 -19.00
Current Tax - Foreign -- 426.00 428.00
Current Tax - Local -- 9.00 15.00
Current Tax - Total -- 403.00 424.00
Deferred Tax - Domestic -- -383.00 -239.00
Deferred Tax - Foreign -- 36.00 -9.00
Deferred Tax - Local -- -49.00 28.00
Deferred Tax - Total -- -396.00 -220.00
Income Tax - Total -- 7.00 204.00
Expected Return on Assets - Foreign -- -- --
Other Pension, Net - Foreign -- 23.00 32.00
Foreign Pension Plan Expense -- 23.00 32.00
Defined Contribution Expense - Domestic -- 206.00 193.00
Total Pension Expense -- 229.00 225.00
Discount Rate - Foreign -- 3.30 2.80
Expected Rate of Return - Foreign -- 4.40 4.10
Compensation Rate - Foreign -- 5.80 5.50
Total Plan Expected Return -- -- --
Total Plan Other Expense -- 23.00 32.00
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.

 

 

 

Related Downloads