Income StatementLTMDec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15

Total Revenues

7,164.3

6,941.2

6,597

6,150.5

5,546.5

4,540

5,158.6

4,845.9

4,300.2

3,840.1

3,974.3

Total Revenues %Chg

3.7%

5.2%

7.3%

10.9%

22.2%

-12%

6.5%

12.7%

12%

-3.4%

-1.2%

Cost of Sales

4,572.5

4,464.7

4,212.5

4,005.3

3,633.9

2,996.5

3,370.9

3,186.3

2,861.4

2,585.5

2,618

Gross Profit

2,591.8

2,476.5

2,384.5

2,145.3

1,912.6

1,543.5

1,787.7

1,659.6

1,438.8

1,254.6

1,356.3

Gross Profit Margin

36.2%

35.7%

36.1%

34.9%

34.5%

34%

34.7%

34.2%

33.5%

32.7%

34.1%

Selling, General & Administrative Expenses

718

696.9

677

644.6

603.9

515.6

610.3

584

535.2

463.6

448.6

Depreciation & Amortization Expenses

—

—

—

—

—

—

—

—

—

—

—

Operating Profit

1,873.8

1,779.6

1,707.5

1,500.7

1,308.7

1,027.9

1,177.4

1,075.5

903.6

791

907.7

Operating Margin

26.2%

25.6%

25.9%

24.4%

23.6%

22.6%

22.8%

22.2%

21%

20.6%

22.8%

Interest Expense

-80.4

-113

-81.8

-83.2

-80.4

-86.1

-88.5

-82.2

-98

-94.3

-91.8

Non-Operating Income

24.7

5.1

19.3

-11.2

5.1

-140.5

19.2

5.6

8.9

3.6

9.5

Total Non-Operating Income

-55.6

-107.9

-62.5

-94.4

-75.3

-226.5

-69.3

-76.6

-89.2

-90.7

-82.3

Income Before Provision for Income Taxes

1,768.7

1,661.5

1,606.4

1,428.7

1,223.2

1,082.3

1,069.7

987.7

796.7

693.1

806.4

Provision for Income Taxes

299.9

285.4

293.2

269.2

233.1

209.9

208.5

209.8

115.3

180.9

215.5

Consolidated Net Income

1,468.8

1,376.1

1,313.2

1,159.5

990.1

872.4

861.3

777.9

681.5

512.2

590.9

Net Income Attributable to Common Shareholders

1,468.8

1,376.1

1,313.2

1,159.5

990.1

872.4

861.3

777.9

681.5

512.2

590.9

Basic EPS

6.4

6

5.7

5

4.3

3.8

3.8

3.4

3

2.2

2.5

Diluted EPS

6.3

5.9

5.7

5

4.3

3.8

3.8

3.3

2.9

2.2

2.5

Basic Weighted Average Shares Outstanding

230.8

231.3

230.5

230.2

231

229.4

227.8

230.8

230.2

232.6

239.9

Total Shares Outstanding

230.2

230.7

230.9

230.1

231.7

230.5

229.1

227.1

231.2

229.4

231.6

Diluted Weighted Average Shares Outstanding

231.7

232.2

231.5

231.5

232.8

231.2

229.4

232.7

231.8

233.7

241.6

EBITDA

2,286.8

2,162.5

2,045.1

1,820.1

1,600.8

1,283.2

1,411.4

1,275

1,086.8

970.7

1,057.2

Effective Tax Rate

17%

17.2%

18.3%

18.8%

19.1%

19.4%

19.5%

21.2%

14.5%

26.1%

26.7%