Income Statement | | | | | | | | | | | |
| | | | | | | Original | | | | |
USD | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | 2,083 | 2,309 | 2,633 | 2,712 | 2,680 | | 2,680 | | 2,712 | 2,680 | |
% Growth | NA | 10.8% | 14.1% | 3.0% | -1.2% | | | | | -1.2% | |
| | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
General and Admin | (194) | (220) | (262) | (267) | (259) | | (259) | | (267) | (259) | |
Other Exp / (Inc) | (1,497) | (1,420) | (1,436) | (1,458) | (1,241) | | (1,241) | | (1,458) | (1,241) | |
Total Operating Exp | (1,691) | (1,640) | (1,698) | (1,725) | (1,500) | | (1,500) | | (1,725) | (1,500) | |
| | | | | | | | | | | |
Operating Income | 392 | 669 | 935 | 987 | 1,179 | | 1,179 | | 987 | 1,179 | |
% Revenue | 18.8% | 29.0% | 35.5% | 36.4% | 44.0% | | 44.0% | | 36.4% | 44.0% | |
| | | | | | | | | | | |
Interest Expense | (410) | (416) | (410) | (438) | (407) | | (407) | | (438) | (407) | |
Pre-tax Income | (18) | 253 | 526 | 549 | 773 | | 773 | | 549 | 773 | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | 42 | (15) | (66) | (51) | (24) | | (24) | | (51) | (24) | |
Net Income to Company | 24 | 238 | 460 | 497 | 749 | | 749 | | 497 | 749 | |
% Margin | 1.2% | 10.3% | 17.5% | 18.3% | 27.9% | | 27.9% | | 18.3% | 27.9% | |
| | | | | | | | | | | |
Minority Interest in Earnings | 0 | | 2 | 4 | 1 | | 1 | | 4 | 1 | |
Net Income to Stockholders | 24 | 238 | 461 | 502 | 750 | | 750 | | 502 | 750 | |
| | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
| | | | | | | | | | | |
Net Income to Common | 24 | 238 | 461 | 502 | 750 | | 750 | | 502 | 750 | |
% Margin | 1.2% | 10.3% | 17.5% | 18.5% | 28.0% | | 28.0% | | 18.5% | 28.0% | |
| | | | | | | | | | | |
As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.22 | 2.17 | 4.27 | 4.64 | 6.96 | | 6.96 | | 4.64 | 6.96 | |
Diluted EPS (Continuing Ops) | 0.21 | 2.14 | 4.22 | 4.61 | 6.94 | | 6.94 | | 4.61 | 6.94 | |
| | | | | | | | | | | |
WA Basic Shares Out. | 112 | 109 | 108 | 108 | 108 | | 108 | | 108 | 108 | |
WA Diluted Shares Out. | 113 | 111 | 109 | 109 | 108 | | 108 | | 109 | 108 | |
| | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | 222 | 74 | (10) | (71) | 250 | | 250 | | (71) | 250 | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 8 | 0 | | 0 | | 8 | 0 | |
Addback: Asset Writedown | 39 | 31 | 43 | 151 | 89 | | 89 | | 151 | 89 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | 19 | 40 | 0 | 0 | 6 | | 6 | | 0 | 6 | |
Total Unusual Items | 281 | 145 | 33 | 88 | 346 | | 346 | | 88 | 346 | |
% Margin | 13.5% | 6.3% | 1.2% | 3.3% | 12.9% | | 12.9% | | 3.3% | 12.9% | |
| | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | 24 | 238 | 460 | 497 | 749 | | 749 | | 497 | 749 | |
Addback: Unusual Items | 58 | 71 | 43 | 159 | 95 | | 95 | | 159 | 95 | |
Less: Tax Benefit of Unusual Items (26%) | (15) | (18) | (11) | (41) | (25) | | (25) | | (41) | (25) | |
Adjusted Net Income | 67 | 290 | 492 | 615 | 819 | | 819 | | 615 | 819 | |
% Margin | 3.2% | 12.6% | 18.7% | 22.7% | 30.6% | | 30.6% | | 22.7% | 30.6% | |
| | | | | | | | | | | |
Adjusted Basic EPS | 0.60 | 2.65 | 4.56 | 5.68 | 7.61 | | 7.61 | | 5.68 | 7.61 | |