Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Reclassified) Year Ending Dec 2017 (Reclassified) Year Ending Dec 2016 (Restated)
Net Sales 703.80 558.74 289.62 160.72
Revenue 703.80 558.74 289.62 160.72
Total Revenue 703.80 558.74 289.62 160.72
Cost of Revenue 298.07 232.22 67.83 29.11
Cost of Revenue, Total 298.07 232.22 67.83 29.11
Gross Profit 405.74 326.52 221.79 131.62
Selling/General/Administrative Expense 25.78 25.91 14.79 9.91
Labor & Related Expense -- -- -- --
Selling/General/Administrative Expenses, Total 25.78 25.91 14.79 9.91
Depreciation 96.98 79.57 22.99 9.07
Depreciation/Amortization 96.98 79.57 22.99 9.07
Other, Net -0.49 2.16 0.00 --
Other Operating Expenses, Total -0.49 2.16 0.00 --
Total Operating Expense 420.34 339.86 105.61 48.09
Operating Income 283.47 218.88 184.01 112.64
Interest Expense - Non-Operating -33.72 -16.86 -4.13 -4.18
Interest Capitalized - Non-Operating 17.49 6.42 2.53 0.81
Interest Expense, Net Non-Operating -16.24 -10.45 -1.60 -3.37
Investment Income, Non-Operating -17.75 16.29 6.33 4.53
Interest/Investment Income, Non-Operating -17.75 16.29 6.33 4.53
Interest Income (Expense), Net-Non-Operating, Total -33.98 5.84 4.73 1.15
Net Income Before Taxes 249.48 224.72 188.74 113.79
Income Tax – Total 4.02 8.00 27.97 28.29
Income After Tax 245.47 216.72 160.77 85.50
Minority Interest -72.54 -26.14 -23.06 -11.05
Equity In Affiliates -12.93 -27.84 2.87 --
Net Income Before Extraordinary Items 160.00 162.73 140.57 74.45
Net Income 160.00 162.73 140.57 74.45
Miscellaneous Earnings Adjustment -13.97 -5.84 -0.84 -45.99
Total Adjustments to Net Income -13.97 -5.84 -0.84 -45.99
Income Available to Common Excluding Extraordinary Items 146.03 156.90 139.74 28.46
Income Available to Common Stocks Including Extraordinary Items 146.03 156.90 139.74 28.46
Basic Weighted Average Shares 45.88 39.59 34.10 31.81
Basic EPS Excluding Extraordinary Items 3.18 3.96 4.10 0.89
Basic EPS Including Extraordinary Items 3.18 3.96 4.10 0.89
Dilution Adjustment -- -- -- --
Diluted Net Income 146.03 156.90 139.74 28.46
Diluted Weighted Average Shares 45.90 39.60 34.11 31.81
Diluted EPS Excluding Extraordinary Items 3.18 3.96 4.10 0.89
Diluted EPS Including Extraordinary Items 3.18 3.96 4.10 0.89
DPS - Common Stock Primary Issue 2.51 2.09 1.76 --
Gross Dividends - Common Stock 115.94 86.84 59.92 0.00
Normalized Income Before Taxes 249.48 224.72 188.74 113.79
Income Taxes Excluding Impact of Special Items 4.02 8.00 27.97 28.29
Normalized Income After Taxes 245.47 216.72 160.77 85.50
Normalized Income Available to Common 146.03 156.90 139.74 28.46
Basic Normalized EPS 3.18 3.96 4.10 0.89
Diluted Normalized EPS 3.18 3.96 4.10 0.89
Amortization of Intangibles, Supplemental 32.30 29.60 -- --
Depreciation, Supplemental 64.68 49.97 22.99 9.07
Interest Expense, Supplemental 16.24 10.45 1.60 3.37
Interest Capitalized, Supplemental -17.49 -6.42 -2.53 -0.81
Stock-Based Compensation, Supplemental 1.05 1.39 0.79 0.04
Equity in Affiliates, Supplemental -12.93 -27.84 2.87 --
Minority Interest, Supplemental -72.54 -26.14 -23.06 -11.05
Audit-Related Fees, Supplemental 1.82 1.35 0.92 0.73
Audit-Related Fees 0.00 0.00 0.14 0.13
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 57.65 58.44 76.58 81.89
Operating Margin 40.28 39.17 63.53 70.08
Pretax Margin 35.45 40.22 65.17 70.80
Effective Tax Rate 1.61 3.56 14.82 24.86
Net Profit Margin 20.75 28.08 48.25 17.71
Normalized EBIT 283.47 218.88 184.01 112.64
Normalized EBITDA 380.45 298.45 207.00 121.70
Current Tax - Domestic -- -- -- --
Current Tax - Local -- -- -- --
Current Tax - Total 0.54 1.32 1.22 15.45
Current Tax - Total 0.54 1.32 1.22 15.45
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Local -- -- -- --
Deferred Tax - Total 3.47 6.68 26.75 12.84
Deferred Tax - Total 3.47 6.68 26.75 12.84
Income Tax - Total 4.02 8.00 27.97 28.29

In millions of USD (except for per share items)

Copyright Refinitiv

Print Page
Email Alerts
RSS Feeds