Income StatementLTMMay '25May '24May '23May '22May '21May '20May '19May '18May '17May '16

Total Revenues

10,556.7

10,340.2

9,596.6

8,815.8

7,854.5

7,116.3

7,085.1

6,892.3

6,476.6

5,323.4

4,795.8

Total Revenues %Chg

8.2%

7.7%

8.9%

12.2%

10.4%

0.4%

2.8%

6.4%

21.7%

11%

9.8%

Cost of Sales

5,268.1

5,166

4,910.2

4,642.4

4,222.2

3,801.7

3,851.4

3,763.7

3,568.1

2,943.1

2,694.4

Gross Profit

5,288.6

5,174.2

4,686.4

4,173.4

3,632.2

3,314.7

3,233.7

3,128.6

2,908.5

2,380.3

2,101.3

Gross Profit Margin

50.1%

50%

48.8%

47.3%

46.2%

46.6%

45.6%

45.4%

44.9%

44.7%

43.8%

Selling, General & Administrative Expenses

2,872

2,814.4

2,617.8

2,370.7

2,044.9

1,929.2

2,071.1

1,980.6

1,916.8

1,527.4

1,332.4

Other Operating Expenses

—

—

—

—

—

—

—

14.4

41.9

79.2

—

Operating Profit

2,416.6

2,359.7

2,068.6

1,802.7

1,587.4

1,385.5

1,162.7

1,133.5

949.8

773.7

768.9

Operating Margin

22.9%

22.8%

21.6%

20.4%

20.2%

19.5%

16.4%

16.4%

14.7%

14.5%

16%

Interest and Investment Income

6.5

5.6

5.7

1.7

0.2

0.5

1

1.2

1.3

0.2

0.9

Interest Expense

-99.7

-101.1

-100.7

-111.2

-88.8

-98.2

-105.4

-101.7

-110.2

-86.5

-64.5

Non-Operating Income

—

—

—

—

—

—

—

69.4

—

—

—

Total Non-Operating Income

-93.1

-95.5

-95

-109.5

-88.6

-97.7

-104.4

-31.1

-108.8

-86.3

-63.6

Income Before Provision for Income Taxes

2,323.4

2,264.2

1,973.6

1,693.1

1,498.8

1,287.7

1,058.3

1,102.4

841

687.4

705.3

Provision for Income Taxes

472.1

451.9

402

345.1

263

176.8

181.9

219.8

57.1

230.1

256.7

Consolidated Net Income

1,851.4

1,812.3

1,571.6

1,348

1,235.8

1,111

876.4

882.6

783.9

457.3

448.6

Net Income Attributable to Discontinued Operations

—

—

—

—

—

—

-0.3

2.3

58.7

23.4

244.9

Net Income Attributable to Common Shareholders

1,851.4

1,812.3

1,571.6

1,348

1,235.8

1,111

876

885

842.6

480.7

693.5

Basic EPS

4.6

4.5

3.9

3.3

3

2.6

2.1

2.1

1.8

1.1

1

Diluted EPS

4.5

4.4

3.8

3.3

2.9

2.6

2

2

1.8

1

1

Basic Weighted Average Shares Outstanding

403.5

403.5

406.6

406.6

412.7

419.5

415.3

424.3

426.4

419.9

432.9

Total Shares Outstanding

401.9

402.9

405

407

406.8

416.2

413.7

413.1

425.3

421.6

416.9

Diluted Weighted Average Shares Outstanding

410

410.3

413.5

413.5

422.1

430.8

428

438

439.2

431.1

439.8

EBITDA

2,921.5

2,853.9

2,525.5

2,222

1,987.1

1,773.4

1,541.7

1,493.6

1,229.3

970.3

934.2

Effective Tax Rate

20.3%

20%

20.4%

20.4%

17.5%

13.7%

17.2%

19.9%

6.8%

33.5%

36.4%