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

Total Revenues

36,493

34,176

31,207

29,520

26,953

27,338

27,553

24,708

23,461

22,062

20,793

Total Revenues %Chg

9.7%

9.5%

5.7%

9.5%

-1.4%

-0.8%

11.5%

5.3%

6.3%

6.1%

18.4%

Cost of Sales

9,652

9,243

8,674

8,038

7,219

7,886

8,355

7,462

7,051

6,583

6,245

Gross Profit

26,838

24,932

22,534

21,482

19,734

19,453

19,199

17,246

16,410

15,479

14,548

Gross Profit Margin

73.5%

73%

72.2%

72.8%

73.2%

71.2%

69.7%

69.8%

69.9%

70.2%

70%

Selling, General & Administrative Expenses

10,534

10,525

10,192

9,235

8,043

8,462

9,322

7,879

7,999

7,270

6,830

Research & Development Expenses

6,611

6,514

6,324

6,080

5,270

4,454

4,292

3,624

3,352

3,044

2,845

Other Operating Expenses

323

3,229

219

254

113

-87

1,112

39

181

31

620

Operating Profit

9,292

4,665

5,799

5,914

6,308

6,623

4,473

5,703

4,877

5,135

4,252

Operating Margin

25.5%

13.6%

18.6%

20%

23.4%

24.2%

16.2%

23.1%

20.8%

23.3%

20.4%

Interest and Investment Income

1,824

1,429

857

811

3,123

1,473

787

371

476

230

241

Interest Expense

—

-1,031

-1,313

-2,200

-945

-697

-0

-0

-288

-259

-246

Non-Operating Income

—

-298

-3

-11

19

-179

-74

-56

-36

-234

-256

Total Non-Operating Income

1,824

100

-459

-1,400

2,197

597

713

315

152

-263

-261

Income Before Provision for Income Taxes

9,921

4,764

5,341

4,513

8,505

7,220

4,596

5,600

5,029

4,872

3,991

Provision for Income Taxes

2,711

1,614

1,741

1,446

1,682

1,938

1,226

1,511

983

1,242

935

Consolidated Net Income

7,211

3,150

5,964

1,708

5,376

5,283

3,370

4,088

4,046

3,629

3,056

Net Income Attributable to Minority Interests and Other

130

52

-208

-786

516

138

50

6

38

-13

-8

Net Income Attributable to Discontinued Operations

—

—

2,363

-1,359

-1,447

—

—

—

—

—

—

Net Income Attributable to Common Shareholders

7,081

3,098

6,139

2,284

5,256

5,145

3,320

4,082

4,008

3,642

3,064

Basic EPS

6.1

2.7

3.1

2.8

5.5

4.4

2.8

3.4

3.4

3

2.6

Diluted EPS

6

2.7

3.1

2.8

5.5

4.4

2.8

3.4

3.4

3

2.6

Basic Weighted Average Shares Outstanding

1,165.5

1,166

1,167

1,170

1,180

1,182

1,194

1,194

1,197

1,198

1,197

Total Shares Outstanding

1,164.6

1,166.6

1,167.2

1,167.1

1,179.6

1,179.6

1,193.6

1,193.6

1,193.4

1,198.6

1,198

Diluted Weighted Average Shares Outstanding

1,175

1,180

1,180

1,175

1,180

1,182

1,194

1,194

1,198

1,199

1,198

EBITDA

10,615

5,945

7,172

7,483

7,845

8,454

6,345

7,065

6,149

6,403

5,541

Effective Tax Rate

27.3%

33.9%

32.6%

32%

19.8%

26.8%

26.7%

27%

19.5%

25.5%

23.4%