Income Statement | | | | | | | | | | | |
| | | | | | | Original | | | | |
USD | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | 41,909 | 50,601 | 51,411 | 57,094 | 64,106 | | 64,106 | | 57,094 | 64,106 | |
% Growth | NA | 20.7% | 1.6% | 11.1% | 12.3% | | | | | 12.3% | |
| | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
General and Admin | (5,443) | (6,616) | (7,562) | (7,146) | (8,589) | | (8,589) | | (7,146) | (8,589) | |
Other Exp / (Inc) | (29,346) | (37,189) | (45,344) | (49,917) | (49,356) | | (49,356) | | (49,917) | (49,356) | |
Total Operating Exp | (34,789) | (43,805) | (52,906) | (57,063) | (57,945) | | (57,945) | | (57,063) | (57,945) | |
| | | | | | | | | | | |
Operating Income | 7,120 | 6,796 | (1,495) | 31 | 6,161 | | 6,161 | | 31 | 6,161 | |
% Revenue | 17.0% | 13.4% | -2.9% | 0.1% | 9.6% | | 9.6% | | 0.1% | 9.6% | |
| | | | | | | | | | | |
Interest Expense | (318) | (330) | (335) | (379) | (400) | | (400) | | (379) | (400) | |
Pre-tax Income | 6,802 | 6,466 | (1,830) | (348) | 5,761 | | 5,761 | | (348) | 5,761 | |
Earnings of Discontinued Ops. | 147 | (3,593) | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | (1,373) | (1,292) | 488 | 135 | (1,162) | | (1,162) | | 135 | (1,162) | |
Net Income to Company | 5,576 | 1,581 | (1,342) | (213) | 4,599 | | 4,599 | | (213) | 4,599 | |
% Margin | 13.3% | 3.1% | -2.6% | -0.4% | 7.2% | | 7.2% | | -0.4% | 7.2% | |
| | | | | | | | | | | |
Minority Interest in Earnings | | 33 | 53 | 25 | 68 | | 68 | | 25 | 68 | |
Net Income to Stockholders | 5,576 | 1,614 | (1,289) | (188) | 4,667 | | 4,667 | | (188) | 4,667 | |
| | | | | | | | | | | |
Preferred Dividends | (115) | (114) | (105) | (128) | (117) | | (117) | | (128) | (117) | |
Other Adj. | (147) | 3,593 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
| | | | | | | | | | | |
Net Income to Common | 5,314 | 5,093 | (1,394) | (316) | 4,550 | | 4,550 | | (316) | 4,550 | |
% Margin | 12.7% | 10.1% | -2.7% | -0.6% | 7.1% | | 7.1% | | -0.6% | 7.1% | |
| | | | | | | | | | | |
As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 17.05 | 17.28 | (5.14) | (1.20) | 17.22 | | 17.22 | | (1.20) | 17.22 | |
Diluted EPS (Continuing Ops) | 16.84 | 17.03 | (5.14) | (1.20) | 16.99 | | 16.99 | | (1.20) | 16.99 | |
| | | | | | | | | | | |
WA Basic Shares Out. | 312 | 295 | 271 | 263 | 264 | | 264 | | 263 | 264 | |
WA Diluted Shares Out. | 316 | 299 | 271 | 263 | 268 | | 268 | | 263 | 268 | |
| | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Restructuring Charges | 253 | 170 | 51 | 169 | 61 | | 61 | | 169 | 61 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | 948 | 29 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Total Unusual Items | 1,201 | 199 | 51 | 169 | 61 | | 61 | | 169 | 61 | |
% Margin | 2.9% | 0.4% | 0.1% | 0.3% | 0.1% | | 0.1% | | 0.3% | 0.1% | |
| | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | 5,576 | 1,581 | (1,342) | (213) | 4,599 | | 4,599 | | (213) | 4,599 | |
Addback: Unusual Items | 1,201 | 199 | 51 | 169 | 61 | | 61 | | 169 | 61 | |
Less: Tax Benefit of Unusual Items (26%) | (312) | (52) | (13) | (44) | (16) | | (16) | | (44) | (16) | |
Adjusted Net Income | 6,465 | 1,728 | (1,304) | (88) | 4,644 | | 4,644 | | (88) | 4,644 | |
% Margin | 15.4% | 3.4% | -2.5% | -0.2% | 7.2% | | 7.2% | | -0.2% | 7.2% | |
| | | | | | | | | | | |
Adjusted Basic EPS | 20.75 | 5.86 | (4.81) | (0.34) | 17.57 | | 17.57 | | (0.34) | 17.57 | |