Income Statement
May '15
May '16
May '17
May '18
May '19
May '20
May '21
May '22
May '23
May '24

Total Revenues

3,792.4

3,670.9

4,098.9

5,350.6

6,467.6

Total Revenues % Chg.

1%

-3.2%

11.7%

30.5%

20.9%

Cost of Goods Sold, Total

2,897.2

2,838.9

3,266.9

3,891.5

4,680.2

Gross Profit

895.2

832

832

1,459.1

1,787.4

Selling General & Admin Expenses, Total

322.8

345.6

355.9

559.2

620.9

R&D Expenses

15.4

12.9

16.2

17.2

26.4

Depreciation & Amortization

7.4

9.1

12.1

Amortization of Goodwill and Intangible Assets

4.8

6

18.6

Other Operating Expenses, Total

338.2

358.5

384.3

591.5

678

Operating Income

557

473.5

447.7

867.6

1,109.4

Interest Expense, Total

-106.3

-117.3

-107.7

-109.2

-135.8

Net Interest Expenses

-106.3

-117.3

-107.7

-109.2

-135.8

Income (Loss) On Equity Invest.

29.3

51.8

-10.7

460.6

26

Currency Exchange Gains (Loss)

-0.1

1.3

-3.3

19.7

-10.6

EBT, Excl. Unusual Items

479.9

409.3

326

1,238.7

989

Restructuring Charges

Merger & Related Restructuring Charges

-5.2

-33.5

Other Unusual Items

-1.7

-1

-53.3

EBT, Incl. Unusual Items

478.2

408.3

272.7

1,233.5

955.5

Income Tax Expense

112.3

90.5

71.8

224.6

230

Earnings From Continuing Operations

365.9

317.8

200.9

1,008.9

725.5

Minority Interest

Net Income

365.9

317.8

200.9

1,008.9

725.5

Preferred Dividend and Other Adjustments

Net Income to Common Incl Extra Items

365.9

317.8

200.9

1,008.9

725.5

Net Income to Common Excl. Extra Items

365.9

317.8

200.9

1,008.9

725.5

Total Shares Outstanding

146

146.2

144.1

145.7

143.7

Weighted Avg. Shares Outstanding

146.2

146.4

145.5

144.5

144.9

Weighted Avg. Shares Outstanding Dil

147.1

147.1

145.9

145.2

145.6

EPS

2.5

2.2

1.4

7

5

EPS Diluted

2.5

2.2

1.4

7

5

EBITDA

733.1

655.2

635

1,086.3

1,411.7

Effective Tax Rate

23.5%

22.2%

26.3%

18.2%

24.1%