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

Total Revenues

6,005.4

5,670

5,635.5

5,458.6

4,614.3

3,086.2

3,163.6

2,901.8

2,603.8

2,149.9

2,298.1

Total Revenues %Chg

7.4%

0.6%

3.2%

18.3%

49.5%

-2.4%

9%

11.4%

21.1%

-6.4%

-4%

Cost of Sales

3,439.1

3,235.2

3,196.1

3,128.3

2,772.9

1,905.3

1,920.3

1,791

1,624

1,329.5

1,427.8

Gross Profit

2,566.3

2,434.8

2,439.4

2,330.3

1,841.4

1,180.9

1,243.3

1,110.8

979.8

820.4

870.3

Gross Profit Margin

42.7%

42.9%

43.3%

42.7%

39.9%

38.3%

39.3%

38.3%

37.6%

38.2%

37.9%

Selling, General & Administrative Expenses

933.5

902.6

852

804

1,067.8

662

715.1

694.2

658.1

579.9

588.6

Depreciation & Amortization Expenses

211.4

198

196.7

201.7

149.3

38.8

36.5

—

—

—

—

Research & Development Expenses

311.5

292.6

356.3

352.2

—

—

—

—

—

—

—

Other Operating Expenses

—

52.5

—

0.4

—

—

—

—

—

—

—

Operating Profit

1,057.4

989.1

1,034.4

972

624.3

480.1

491.7

416.6

321.7

240.5

281.7

Operating Margin

17.6%

17.4%

18.4%

17.8%

13.5%

15.6%

15.5%

14.4%

12.4%

11.2%

12.3%

Interest Expense

-61.2

-57.9

-77.3

-89.3

-90.8

-15.3

-21

-25.5

-33.1

-23.2

-23.9

Non-Operating Income

2.7

6.7

1.8

25.4

0.3

4.9

3

2.8

-1.6

24

0.4

Total Non-Operating Income

-58.5

-51.2

-75.5

-63.9

-90.5

-10.4

-18

-22.7

-34.7

0.8

-23.5

Income Before Provision for Income Taxes

998.9

937.9

958.9

908.1

533.8

469.7

473.7

393.9

287

241.3

258.2

Provision for Income Taxes

179.7

117.2

72.3

119.2

88.5

67.8

71.4

60.1

59.8

50.4

62.7

Consolidated Net Income

819.2

820.7

886.6

788.9

445.3

401.9

402.3

333.8

227.2

190.9

195.5

Net Income Attributable to Minority Interests and Other

1.5

1.5

0.9

0.3

—

—

—

—

—

—

0.3

Net Income Attributable to Discontinued Operations

—

—

—

—

—

—

—

—

—

—

—

Net Income Attributable to Common Shareholders

817.7

819.2

885.7

788.6

445.3

401.9

402.3

333.8

227.2

190.9

195.8

Basic EPS

17.4

17.4

18.8

16.9

10.3

11

11.1

9.3

6.5

5.5

5.6

Diluted EPS

17.3

17.2

18.5

16.5

10.1

10.6

10.7

9

6.3

5.4

5.4

Basic Weighted Average Shares Outstanding

47

47

47.1

46.8

43.2

36.7

36.3

35.8

35.2

34.6

35.3

Total Shares Outstanding

47

46.7

47.3

46.9

46.7

37

36.5

36.1

35.5

35.1

34.5

Diluted Weighted Average Shares Outstanding

47.4

47.6

47.9

47.7

44.3

37.9

37.5

37

36.3

35.5

36

EBITDA

1,386.3

1,299

1,350.8

1,304.2

996.1

596.3

603.6

529.6

434.7

327.8

372

Effective Tax Rate

18%

12.5%

7.5%

13.1%

16.6%

14.4%

15.1%

15.3%

20.8%

20.9%

24.3%