Income Statement | | | | | | | | | | | | | |
| | | | | | | | | | | | Original | |
USD | Fiscal Year Ending | | Latest | |
(in millions) | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | |
| | | | | | | | | | | | | |
Net Revenue | 11,088 | 11,378 | 13,209 | 13,980 | 14,511 | 12,460 | 14,138 | 15,174 | 16,641 | 18,986 | | 18,986 | |
% Growth | NA | 2.6% | 16.1% | 5.8% | 3.8% | -14.1% | 13.5% | 7.3% | 9.7% | 14.1% | | | |
| | | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
General and Admin | (10,478) | (9,975) | (10,332) | (11,494) | (10,760) | (10,201) | (10,596) | (10,834) | (11,445) | (12,316) | | (12,316) | |
Other Exp / (Inc) | (2,133) | (994) | (462) | 62 | (38) | (646) | (195) | (54) | (103) | (656) | | (656) | |
Total Operating Exp | (12,611) | (10,969) | (10,794) | (11,432) | (10,798) | (10,847) | (10,791) | (10,888) | (11,548) | (12,972) | | (12,972) | |
| | | | | | | | | | | | | |
Operating Income | (1,523) | 409 | 2,415 | 2,548 | 3,713 | 1,613 | 3,347 | 4,286 | 5,093 | 6,014 | | 6,014 | |
% Revenue | -13.7% | 3.6% | 18.3% | 18.2% | 25.6% | 12.9% | 23.7% | 28.2% | 30.6% | 31.7% | | 31.7% | |
| | | | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Pre-tax Income | (1,523) | 409 | 2,415 | 2,548 | 3,713 | 1,613 | 3,347 | 4,286 | 5,093 | 6,014 | | 6,014 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Provision for Taxes | (673) | (600) | (1,147) | (1,439) | (1,373) | (862) | (1,034) | (1,384) | (1,631) | (1,972) | | (1,972) | |
Net Income to Company | (2,196) | (191) | 1,268 | 1,109 | 2,340 | 751 | 2,313 | 2,902 | 3,462 | 4,042 | | 4,042 | |
% Margin | -19.8% | -1.7% | 9.6% | 7.9% | 16.1% | 6.0% | 16.4% | 19.1% | 20.8% | 21.3% | | 21.3% | |
| | | | | | | | | | | | | |
Minority Interest in Earnings | 2 | (56) | (49) | (55) | (37) | (27) | 2 | 46 | 7 | 8 | | 8 | |
Net Income to Stockholders | (2,194) | (247) | 1,219 | 1,054 | 2,303 | 724 | 2,315 | 2,948 | 3,469 | 4,050 | | 4,050 | |
| | | | | | | | | | | | | |
Preferred Dividends | (166) | (231) | (445) | (436) | (448) | (395) | (410) | (401) | (452) | (457) | | (457) | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
| | | | | | | | | | | | | |
Net Income to Common | (2,360) | (478) | 774 | 618 | 1,855 | 329 | 1,905 | 2,547 | 3,017 | 3,593 | | 3,593 | |
% Margin | -21.3% | -4.2% | 5.9% | 4.4% | 12.8% | 2.6% | 13.5% | 16.8% | 18.1% | 18.9% | | 18.9% | |
| | | | | | | | | | | | | |
As Reported | | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | (0.92) | (0.15) | 0.24 | 0.19 | 0.57 | 0.10 | 0.61 | 0.86 | 1.09 | 1.41 | | 1.41 | |
Diluted EPS (Continuing Ops) | (0.92) | (0.15) | 0.23 | 0.19 | 0.56 | 0.10 | 0.60 | 0.84 | 1.06 | 1.38 | | 1.38 | |
| | | | | | | | | | | | | |
WA Basic Shares Out. | 2,568 | 3,291 | 3,293 | 3,306 | 3,256 | 3,160 | 3,108 | 2,966 | 2,778 | 2,543 | | 2,543 | |
WA Diluted Shares Out. | 2,568 | 3,305 | 3,325 | 3,340 | 3,290 | 3,199 | 3,154 | 3,023 | 2,841 | 2,610 | | 2,610 | |
| | | | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | (192) | 37 | (268) | (241) | (300) | (151) | (196) | (156) | (141) | (108) | | (108) | |
Addback: Restructuring Charges | 1,663 | 708 | 257 | 100 | 273 | 323 | 336 | 157 | 114 | 176 | | 176 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Goodwill Impairment | 488 | 166 | 320 | 0 | 27 | 489 | 0 | 14 | 0 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Asset Writedown | 192 | 83 | 153 | 148 | 36 | 150 | 55 | 39 | 130 | 588 | | 588 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | (165) | 0 | 0 | 0 | 0 | | 0 | |
Addback: Other Unusual Items | 0 | 0 | 0 | (69) | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Total Unusual Items | 2,151 | 994 | 462 | (62) | 36 | 646 | 195 | 54 | 103 | 656 | | 656 | |
% Margin | 19.4% | 8.7% | 3.5% | -0.4% | 0.2% | 5.2% | 1.4% | 0.4% | 0.6% | 3.5% | | 3.5% | |
| | | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | | |
Net Income to Company | (2,196) | (191) | 1,268 | 1,109 | 2,340 | 751 | 2,313 | 2,902 | 3,462 | 4,042 | | 4,042 | |
Addback: Unusual Items | 2,343 | 957 | 730 | 179 | 336 | 797 | 391 | 210 | 244 | 764 | | 764 | |
Less: Tax Benefit of Unusual Items (26%) | (609) | (249) | (190) | (47) | (87) | (207) | (102) | (55) | (63) | (199) | | (199) | |
Adjusted Net Income | (462) | 517 | 1,808 | 1,241 | 2,589 | 1,341 | 2,602 | 3,057 | 3,643 | 4,607 | | 4,607 | |
% Margin | -4.2% | 4.5% | 13.7% | 8.9% | 17.8% | 10.8% | 18.4% | 20.1% | 21.9% | 24.3% | | 24.3% | |