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

Total Revenues

17,750

17,168

16,478

15,228

13,022

11,797

11,486

11,221

10,425

10,137

9,973.4

Total Revenues %Chg

4.8%

4.2%

8.2%

16.9%

10.4%

2.7%

2.4%

7.6%

2.8%

1.6%

0.1%

Cost of Sales

10,811

10,410

9,982

9,379

8,302

7,559

7,089

6,873

6,327

6,022

5,742

Gross Profit

6,939

6,758

6,496

5,849

4,720

4,238

4,397

4,348

4,098

4,115

4,231.4

Gross Profit Margin

39.1%

39.4%

39.4%

38.4%

36.2%

35.9%

38.3%

38.7%

39.3%

40.6%

42.4%

Selling, General & Administrative Expenses

4,445

4,121

3,931

3,634

3,173

3,219

3,135

3,190

3,063

3,002

2,931.1

Operating Profit

2,494

2,637

2,565

2,215

1,547

1,019

1,262

1,158

1,035

1,113

1,300.3

Operating Margin

14.1%

15.4%

15.6%

14.5%

11.9%

8.6%

11%

10.3%

9.9%

11%

13%

Interest and Investment Income

—

—

—

—

—

—

—

—

—

1

1.2

Interest Expense

-78

-77

-93

-93

-87

-93

-79

-82

-86

-76

-33.6

Non-Operating Income

-16

-24

-28

-24

-25

-21

-26

-5

13

-19

-17.2

Total Non-Operating Income

-94

-101

-121

-117

-112

-114

-105

-87

-73

-94

-49.6

Income Before Provision for Income Taxes

2,400

2,536

2,444

2,098

1,435

905

1,157

1,071

962

1,019

1,250.7

Provision for Income Taxes

606

595

597

533

371

192

314

258

313

386

465.5

Consolidated Net Income

1,794

1,941

1,847

1,565

1,064

713

843

813

649

633

785.2

Net Income Attributable to Minority Interests and Other

96

80

74

66

71

60

46

41

37

27

16.2

Net Income Attributable to Common Shareholders

1,698

1,861

1,773

1,499

993

653

797

772

612

606

769

Basic EPS

35.7

38.8

36.4

30.2

19.8

12.9

15.4

13.8

10.1

9.9

11.7

Diluted EPS

35.7

38.7

36.2

30.1

19.8

12.8

15.3

13.7

10

9.9

11.6

Basic Weighted Average Shares Outstanding

48.2

48.9

49.9

50.9

51.9

53.5

54.7

56.1

57.7

60.4

65.2

Total Shares Outstanding

47.6

48.3

49.3

50.3

51.2

52.5

53.7

55.9

56.3

58.8

62

Diluted Weighted Average Shares Outstanding

48.3

49

50.1

51.1

52.2

53.7

54.9

56.5

58

60.8

65.8

EBITDA

2,746

2,874

2,779

2,420

1,734

1,201

1,491

1,415

1,299

1,362

1,528.3

Effective Tax Rate

25.3%

23.5%

24.4%

25.4%

25.9%

21.2%

27.1%

24.1%

32.5%

37.9%

37.2%