Compagnie Générale des Établissements Michelin Société en commandite par actions Website

Compagnie Générale des Établissements Michelin Société en commandite par actions

ENXTPA-ML

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

24,135

20,469

23,795

28,590

28,343

27,745

Total Revenues % Chg.

9.6%

-15.2%

16.2%

20.2%

-0.9%

-5.6%

Cost of Goods Sold, Total

17,053

14,754

16,810

21,052

20,395

19,630

Gross Profit

7,082

5,715

6,985

7,538

7,948

8,115

Selling General & Admin Expenses, Total

3,465

3,120

3,311

3,463

3,640

3,680

Stock-Based Compensation

7

31

21

41

30

30

R&D Expenses

687

646

682

698

756

774

Other Operating Expenses

—

45

131

20

99

184

216

Other Operating Expenses, Total

4,204

3,928

4,034

4,301

4,610

4,700

Operating Income

2,878

1,787

2,951

3,237

3,338

3,415

Interest Expense, Total

-298

-230

-204

-306

-304

-246

Interest And Investment Income

4

—

—

12

130

157

Net Interest Expenses

-294

-230

-204

-294

-174

-89

Income (Loss) On Equity Invest.

-22

-112

-69

-59

128

12

Currency Exchange Gains (Loss)

-9

—

-13

-59

-87

-80

Other Non Operating Income (Expenses)

—

-32

-26

21

92

65

75

EBT, Excl. Unusual Items

2,521

1,419

2,686

2,917

3,270

3,333

Restructuring Charges

-253

-59

-86

-86

-522

-594

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

Impairment of Goodwill

—

—

—

—

-33

-14

—

—

—

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

114

—

-54

—

Asset Writedown

—

-67

—

-102

-36

-204

-235

Legal Settlements

—

—

—

—

—

—

—

—

—

Other Unusual Items

—

—

35

-348

-127

-139

—

-68

EBT, Incl. Unusual Items

2,236

979

2,471

2,656

2,490

2,436

Income Tax Expense

506

354

626

647

507

510

Earnings From Continuing Operations

1,730

625

1,845

2,009

1,983

1,926

Minority Interest

—

21

7

-1

-8

—

-4

Net Income

1,751

632

1,844

2,001

1,983

1,922

Preferred Dividend and Other Adjustments

11

4

5

2

3

2

Net Income to Common Incl Extra Items

1,740

628

1,839

1,999

1,980

1,920

Net Income to Common Excl. Extra Items

1,740

628

1,839

1,999

1,980

1,920

Total Shares Outstanding

714.5

713.4

714.1

714.1

715

709.6

Weighted Avg. Shares Outstanding

718

713.2

713.4

712.4

714.2

714

Weighted Avg. Shares Outstanding Dil

720.6

716.7

718.3

717.3

719.6

720.2

EPS

2.4

0.9

2.6

2.8

2.8

2.7

EPS Diluted

2.4

0.9

2.6

2.8

2.8

2.7

EBITDA

4,497

3,398

4,528

4,941

5,098

5,211

Effective Tax Rate

22.6%

36.2%

25.3%

24.4%

20.4%

20.9%