Income Statement | | | | | | | | | | | | | |
| | | | | | | | | | | | Press Release | |
EUR | 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 | 983 | 1,002 | 1,028 | 1,061 | 1,114 | 1,067 | 1,290 | 1,382 | 1,823 | 1,937 | | 1,937 | |
% Growth | NA | 2.0% | 2.6% | 3.3% | 5.0% | -4.3% | 21.0% | 7.1% | 31.9% | 6.2% | | | |
| | | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Selling and Marketing | (14) | (14) | (11) | (14) | (14) | (8) | (10) | (15) | (21) | 0 | | 0 | |
General and Admin | (710) | (750) | (738) | (761) | (769) | (670) | (743) | (746) | (775) | (1,128) | | (1,128) | |
Other Exp / (Inc) | (19) | (29) | (7) | (16) | (35) | (136) | (71) | (147) | (202) | 101 | | 101 | |
Total Operating Exp | (743) | (793) | (756) | (791) | (818) | (814) | (824) | (907) | (998) | (1,026) | | (1,026) | |
| | | | | | | | | | | | | |
Operating Income | 239 | 209 | 272 | 270 | 296 | 253 | 466 | 475 | 825 | 911 | | 911 | |
% Revenue | 24.3% | 20.8% | 26.5% | 25.5% | 26.6% | 23.7% | 36.1% | 34.4% | 45.3% | 47.0% | | 47.0% | |
| | | | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Pre-tax Income | 239 | 209 | 272 | 270 | 296 | 253 | 466 | 475 | 825 | 911 | | 911 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Provision for Taxes | (73) | (77) | (85) | (84) | (95) | (51) | (114) | (149) | (263) | (291) | | (291) | |
Net Income to Company | 166 | 132 | 186 | 187 | 201 | 202 | 353 | 326 | 562 | 620 | | 620 | |
% Margin | 16.9% | 13.2% | 18.1% | 17.6% | 18.1% | 18.9% | 27.3% | 23.6% | 30.8% | 32.0% | | 32.0% | |
| | | | | | | | | | | | | |
Minority Interest in Earnings | | | | | | (0) | (0) | (0) | | | | | |
Net Income to Stockholders | 166 | 132 | 186 | 187 | 201 | 202 | 352 | 326 | 562 | 620 | | 620 | |
| | | | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | (0) | 0 | 0 | 0 | 0 | 0 | | 0 | |
| | | | | | | | | | | | | |
Net Income to Common | 166 | 132 | 186 | 187 | 201 | 202 | 352 | 326 | 562 | 620 | | 620 | |
% Margin | 16.9% | 13.2% | 18.1% | 17.6% | 18.1% | 18.9% | 27.3% | 23.6% | 30.8% | 32.0% | | 32.0% | |
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As Reported | | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.50 | 0.40 | 0.56 | 0.56 | 0.61 | 0.61 | 1.05 | 0.96 | 1.65 | 1.82 | | 1.82 | |
Diluted EPS (Continuing Ops) | 0.50 | 0.40 | 0.56 | 0.56 | 0.61 | 0.61 | 1.05 | 0.93 | 1.65 | 1.82 | | 1.82 | |
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WA Basic Shares Out. | 332 | 332 | 331 | 331 | 331 | 332 | 335 | 340 | 340 | 341 | | 341 | |
WA Diluted Shares Out. | 332 | 332 | 331 | 331 | 331 | 332 | 335 | 340 | 340 | 341 | | 341 | |
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Unusual Items Reconciliation | | | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | 22 | 26 | 28 | 32 | 36 | 39 | 43 | 46 | 54 | 55 | | 55 | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 | |
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 | 5 | 24 | 0 | 8 | (6) | 4 | 4 | (1) | 2 | 0 | | 0 | |
Addback: Other Unusual Items | 13 | 6 | (11) | (1) | 2 | 4 | (86) | 6 | 9 | 0 | | 0 | |
Total Unusual Items | 41 | 56 | 18 | 40 | 32 | 47 | (39) | 51 | 64 | 55 | | 55 | |
% Margin | 4.1% | 5.6% | 1.7% | 3.7% | 2.9% | 4.4% | -3.0% | 3.7% | 3.5% | 2.9% | | 2.9% | |
| | | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | | |
Net Income to Company | 166 | 132 | 186 | 187 | 201 | 202 | 353 | 326 | 562 | 620 | | 620 | |
Addback: Unusual Items | 18 | 30 | (11) | 8 | (4) | 8 | (82) | 5 | 10 | 0 | | 0 | |
Less: Tax Benefit of Unusual Items (26%) | (5) | (8) | 3 | (2) | 1 | (2) | 21 | (1) | (3) | 0 | | 0 | |
Adjusted Net Income | 180 | 154 | 178 | 192 | 199 | 208 | 292 | 330 | 570 | 620 | | 620 | |
% Margin | 18.3% | 15.4% | 17.4% | 18.1% | 17.8% | 19.5% | 22.6% | 23.9% | 31.2% | 32.0% | | 32.0% | |