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

Total Revenues

20,973.5

15,222.7

12,554.7

12,623

10,876.3

8,598.9

8,225.4

8,202

7,011.3

6,286.4

5,568.7

Total Revenues %Chg

47.4%

21.3%

-0.5%

16.1%

26.5%

4.5%

0.3%

17%

11.5%

12.9%

4.2%

Cost of Sales

13,436.2

10,083

8,470.6

8,594.8

7,474.5

5,934.8

5,609.4

5,547.1

4,701.4

4,246.4

3,789.2

Gross Profit

7,537.3

5,139.7

4,084.1

4,028.2

3,401.8

2,664.1

2,616

2,654.9

2,309.9

2,040

1,779.5

Gross Profit Margin

35.9%

33.8%

32.5%

31.9%

31.3%

31%

31.8%

32.4%

32.9%

32.5%

32%

Selling, General & Administrative Expenses

2,369.7

1,855.4

1,489.9

1,420.9

1,226.3

1,014.2

971.4

959.5

878.3

798.2

669.1

Other Operating Expenses

68

127.4

34.6

21.5

70.4

11.5

25.4

8.5

4

36.6

5.7

Operating Profit

5,099.6

3,156.9

2,559.6

2,585.8

2,105.1

1,638.4

1,619.2

1,686.9

1,427.6

1,205.2

1,104.7

Operating Margin

24.3%

20.7%

20.4%

20.5%

19.4%

19.1%

19.7%

20.6%

20.4%

19.2%

19.8%

Interest Expense

-305

-217

-139.5

-128.4

-115.5

-115.4

-117.6

-101.7

-92.3

-72.6

-68.3

Non-Operating Income

67.6

72

34.7

10

-0.4

3.6

-5.7

3.2

17.1

8.5

16.4

Total Non-Operating Income

-237.4

-145

-104.8

-118.4

-115.9

-111.8

-123.3

-98.5

-75.2

-64.1

-51.9

Income Before Provision for Income Taxes

4,862.2

3,011.9

2,454.8

2,467.4

1,989.2

1,526.6

1,495.9

1,588.4

1,352.4

1,141.1

1,052.8

Provision for Income Taxes

1,010.1

570.3

509.3

550.6

409.1

313.3

331.9

371.5

691.7

308.5

280.5

Consolidated Net Income

3,852.1

2,441.6

1,945.5

1,916.8

1,580.1

1,213.3

1,164

1,216.9

660.7

832.6

772.3

Net Income Attributable to Minority Interests and Other

31.1

17.6

17.5

14.5

10.7

9.9

9

11.9

10.2

9.7

8.8

Net Income Attributable to Discontinued Operations

—

—

—

—

21.4

—

—

—

—

—

—

Net Income Attributable to Common Shareholders

3,821

2,424

1,928

1,902.3

1,590.8

1,203.4

1,155

1,205

650.5

822.9

763.5

Basic EPS

3.2

2

1.6

1.6

1.3

1

1

1

0.5

0.7

0.6

Diluted EPS

3

1.9

1.6

1.5

1.3

1

0.9

1

0.5

0.7

0.6

Basic Weighted Average Shares Outstanding

1,213.7

1,203.8

1,193

1,192.3

1,195.8

1,192.2

1,190

1,204.8

1,222.8

1,233.2

1,236.4

Total Shares Outstanding

1,224.1

1,209.3

1,197.8

1,189.6

1,198.2

1,197.4

1,191.6

1,194.8

1,222.8

1,233.2

1,232

Diluted Weighted Average Shares Outstanding

1,272.3

1,263.6

1,241.2

1,242

1,251

1,230

1,231.8

1,250.4

1,266

1,260.8

1,266

EBITDA

5,916.8

3,729.4

2,966

2,978.7

2,500.7

1,946.5

1,931.3

1,986.6

1,654.4

1,422.2

1,276.3

Effective Tax Rate

20.8%

18.9%

20.7%

22.3%

20.6%

20.5%

22.2%

23.4%

51.1%

27%

26.6%