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

Operating Revenues

1,579.4

2,260.7

3,279.6

3,884.2

4,553.8

4,794.2

Other Revenues, Total

0.1

0.2

0.4

0.8

2.1

2.6

Total Revenues

1,579.5

2,261

3,280.1

3,885

4,556

4,796.8

Total Revenues % Chg.

39.8%

43.1%

45.1%

18.4%

17.3%

12.5%

Cost of Goods Sold, Total

227.8

278.1

429.4

582.9

669.8

731.2

Gross Profit

1,351.8

1,982.8

2,850.7

3,302

3,886.1

4,065.6

Selling General & Admin Expenses, Total

477.8

692

1,015.8

1,204.2

1,405.5

1,382.6

Provision for Bad Debts

7.1

4.2

11.7

-1.9

16.2

7.8

R&D Expenses

598.8

710.9

1,081.6

1,331.2

1,472.3

1,562.7

Other Operating Expenses

-29.2

-70.2

-111.1

-87.3

-74.2

-70

Other Operating Expenses, Total

1,054.4

1,336.8

1,998

2,446.2

2,819.9

2,883.1

Operating Income

297.3

646

852.7

855.9

1,066.3

1,182.5

Interest Expense, Total

-0

-0

-5.9

-10.3

-9.3

-9

Interest And Investment Income

35.3

154.6

229.2

362.8

324.2

322

Net Interest Expenses

35.3

154.6

223.2

352.5

314.9

313

Currency Exchange Gains (Loss)

-0.6

-0.8

-0.6

-0

-0.6

-0.6

Other Non Operating Income (Expenses)

-0.2

-0.3

-0.3

-0.2

-0.3

11.1

EBT, Excl. Unusual Items

331.8

799.6

1,075.1

1,208.1

1,380.3

1,506

Merger & Related Restructuring Charges

Gain (Loss) On Sale Of Investments

50.3

117.6

-1.1

-56.8

-9.7

-1.2

Gain (Loss) On Sale Of Assets

0

0

0.2

0.2

5.3

0.2

Asset Writedown

-0

Legal Settlements

Other Unusual Items

24.3

18.7

44.5

46.7

13.9

23.8

EBT, Incl. Unusual Items

406.4

935.9

1,118.7

1,198.2

1,389.8

1,528.8

Income Tax Expense

5.8

49.3

49.8

67.3

75.4

87.8

Earnings From Continuing Operations

400.6

886.6

1,069

1,130.9

1,314.5

1,440.9

Minority Interest

-8.4

-27.7

-13.4

3.3

-1.1

Net Income

400.6

878.1

1,041.3

1,117.5

1,317.7

1,439.9

Net Income to Common Incl Extra Items

400.6

878.1

1,041.3

1,117.5

1,317.7

1,439.9

Net Income to Common Excl. Extra Items

400.6

878.1

1,041.3

1,117.5

1,317.7

1,439.9

Total Shares Outstanding

461

461

461

461.2

461.7

460.3

Weighted Avg. Shares Outstanding

367.5

461

460.7

461.8

460.7

461.5

Weighted Avg. Shares Outstanding Dil

367.5

461

460.7

461.8

462.4

463.1

EPS

1.1

1.9

2.3

2.4

2.9

3.1

EPS Diluted

1.1

1.9

2.3

2.4

2.9

3.1

EBITDA

326.8

691

917.2

932.2

1,134.6

1,245.2

Effective Tax Rate

1.4%

5.3%

4.4%

5.6%

5.4%

5.7%