Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Reclassified) Year Ending Dec 2017 (Reclassified)
Net Sales 764.63 703.80 558.74 289.62
Revenue 764.63 703.80 558.74 289.62
Total Revenue 764.63 703.80 558.74 289.62
Cost of Revenue 363.07 298.07 232.22 67.83
Cost of Revenue, Total 363.07 298.07 232.22 67.83
Gross Profit 401.56 405.74 326.52 221.79
Selling/General/Administrative Expense 24.72 25.78 25.91 14.79
Labor & Related Expense -- -- -- --
Selling/General/Administrative Expenses, Total 24.72 25.78 25.91 14.79
Depreciation 105.70 95.14 78.25 22.99
Depreciation/Amortization 105.70 95.14 78.25 22.99
Impairment-Assets Held for Use 109.73 -- -- --
Unusual Expense (Income) 109.73 -- -- --
Other Operating Expense -- 1.84 1.32 --
Other, Net 4.70 -0.49 2.16 0.00
Other Operating Expenses, Total 4.70 1.35 3.48 0.00
Total Operating Expense 607.92 420.34 339.86 105.61
Operating Income 156.71 283.47 218.88 184.01
Interest Expense - Non-Operating -32.03 -33.72 -16.86 -4.13
Interest Capitalized - Non-Operating 5.46 17.49 6.42 2.53
Interest Expense, Net Non-Operating -26.57 -16.24 -10.45 -1.60
Investment Income, Non-Operating -34.89 -17.75 16.29 6.33
Interest/Investment Income, Non-Operating -34.89 -17.75 16.29 6.33
Interest Income (Expense), Net-Non-Operating, Total -61.46 -33.98 5.84 4.73
Net Income Before Taxes 95.25 249.48 224.72 188.74
Income Tax – Total 0.38 4.02 8.00 27.97
Income After Tax 94.87 245.47 216.72 160.77
Minority Interest 39.17 -72.54 -26.14 -23.06
Equity In Affiliates 0.00 -12.93 -27.84 2.87
Net Income Before Extraordinary Items 134.03 160.00 162.73 140.57
Net Income 134.03 160.00 162.73 140.57
Miscellaneous Earnings Adjustment 0.00 -13.97 -5.84 -0.84
Total Adjustments to Net Income 0.00 -13.97 -5.84 -0.84
Income Available to Common Excluding Extraordinary Items 134.03 146.03 156.90 139.74
Income Available to Common Stocks Including Extraordinary Items 134.03 146.03 156.90 139.74
Basic Weighted Average Shares 90.17 45.88 39.59 34.10
Basic EPS Excluding Extraordinary Items 1.49 3.18 3.96 4.10
Basic EPS Including Extraordinary Items 1.49 3.18 3.96 4.10
Dilution Adjustment -- -- -- --
Diluted Net Income 134.03 146.03 156.90 139.74
Diluted Weighted Average Shares 90.17 45.90 39.60 34.11
Diluted EPS Excluding Extraordinary Items 1.49 3.18 3.96 4.10
Diluted EPS Including Extraordinary Items 1.49 3.18 3.96 4.10
DPS - Common Stock Primary Issue 1.25 2.51 2.09 1.76
Gross Dividends - Common Stock 112.88 115.94 86.84 59.92
Total Special Items 109.73 -- -- --
Normalized Income Before Taxes 204.98 249.48 224.72 188.74
Effect of Special Items on Income Taxes 0.44 -- -- --
Income Taxes Excluding Impact of Special Items 0.82 4.02 8.00 27.97
Normalized Income After Taxes 204.16 245.47 216.72 160.77
Normalized Income Available to Common 243.32 146.03 156.90 139.74
Basic Normalized EPS 2.70 3.18 3.96 4.10
Diluted Normalized EPS 2.70 3.18 3.96 4.10
Amortization of Intangibles, Supplemental 32.40 32.30 29.60 --
Depreciation, Supplemental 73.30 62.84 48.69 22.99
Interest Expense, Supplemental 26.57 16.24 10.45 1.60
Interest Capitalized, Supplemental -5.46 -17.49 -6.42 -2.53
Stock-Based Compensation, Supplemental 2.20 1.05 1.39 0.79
Equity in Affiliates, Supplemental 0.00 -12.93 -27.84 2.87
Minority Interest, Supplemental 39.17 -72.54 -26.14 -23.06
Audit-Related Fees, Supplemental -- 1.82 1.35 0.92
Audit-Related Fees -- 0.00 0.00 0.14
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00
Gross Margin 52.52 57.65 58.44 76.58
Operating Margin 20.50 40.28 39.17 63.53
Pretax Margin 12.46 35.45 40.22 65.17
Effective Tax Rate 0.40 1.61 3.56 14.82
Net Profit Margin 17.53 20.75 28.08 48.25
Normalized EBIT 266.44 283.47 218.88 184.01
Normalized EBITDA 372.14 378.61 297.17 207.00
Current Tax - Domestic -- -- -- --
Current Tax - Local -- -- -- --
Current Tax - Total -0.16 0.54 1.32 1.22
Current Tax - Total -0.16 0.54 1.32 1.22
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Local -- -- -- --
Deferred Tax - Total 0.54 3.47 6.68 26.75
Deferred Tax - Total 0.54 3.47 6.68 26.75
Income Tax - Total 0.38 4.02 8.00 27.97

In millions of USD (except for per share items)

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