Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
USD | Fiscal Year Ending | | 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 |
| | | | | | | | | | |
Revenue | 34,608 | 43,075 | 43,653 | 40,109 | 41,950 | | 41,950 | | 40,109 | 41,950 |
% Growth | NA | 24.5% | 1.3% | -8.1% | 4.6% | | | | | 4.6% |
| | | | | | | | | | |
Cost of Revenue | (15,003) | (18,080) | (19,083) | (17,919) | (18,644) | | (18,644) | | (17,919) | (18,644) |
Gross Profit | 19,605 | 24,995 | 24,570 | 22,190 | 23,306 | | 23,306 | | 22,190 | 23,306 |
% Revenue | 56.6% | 58.0% | 56.3% | 55.3% | 55.6% | | 55.6% | | 55.3% | 55.6% |
| | | | | | | | | | |
Research and Development | (2,420) | (2,742) | (2,888) | (2,741) | (2,844) | | (2,844) | | (2,741) | (2,844) |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
General and Admin | (9,591) | (11,006) | (10,703) | (10,385) | (11,109) | | (11,109) | | (10,385) | (11,109) |
Other Inc / (Exp) | (2,126) | (2,546) | (2,298) | (2,148) | (2,125) | | (2,125) | | (2,148) | (2,125) |
Total Operating Exp | (14,137) | (16,294) | (15,889) | (15,274) | (16,078) | | (16,078) | | (15,274) | (16,078) |
| | | | | | | | | | |
Operating Income | 5,468 | 8,701 | 8,681 | 6,916 | 7,228 | | 7,228 | | 6,916 | 7,228 |
% Revenue | 15.8% | 20.2% | 19.9% | 17.2% | 17.2% | | 17.2% | | 17.2% | 17.2% |
| | | | | | | | | | |
Interest Expense | (500) | (490) | (375) | (252) | (215) | | (215) | | (252) | (215) |
Pre-tax Income | 4,968 | 8,211 | 8,306 | 6,664 | 7,013 | | 7,013 | | 6,664 | 7,013 |
Earnings of Discontinued Ops. | 24 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Provision for Taxes | (497) | (1,140) | (1,373) | (941) | 6,389 | | 6,389 | | (941) | 6,389 |
Net Income to Company | 4,495 | 7,071 | 6,933 | 5,723 | 13,402 | | 13,402 | | 5,723 | 13,402 |
% Margin | 13.0% | 16.4% | 15.9% | 14.3% | 31.9% | | 31.9% | | 14.3% | 31.9% |
| | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Net Income to Stockholders | 4,495 | 7,071 | 6,933 | 5,723 | 13,402 | | 13,402 | | 5,723 | 13,402 |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | (46) | (29) | (28) | (22) | (51) | | (51) | | (22) | (51) |
| | | | | | | | | | |
Net Income to Common | 4,449 | 7,042 | 6,905 | 5,701 | 13,351 | | 13,351 | | 5,701 | 13,351 |
% Margin | 12.9% | 16.3% | 15.8% | 14.2% | 31.8% | | 31.8% | | 14.2% | 31.8% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | 2.51 | 3.97 | 3.94 | 3.28 | 7.67 | | 7.67 | | 3.28 | 7.67 |
Diluted EPS (Continuing Ops) | 2.49 | 3.94 | 3.91 | 3.26 | 7.64 | | 7.64 | | 3.26 | 7.64 |
| | | | | | | | | | |
WA Basic Shares Out. | 1,773.00 | 1,775.00 | 1,753.00 | 1,740.00 | 1,740.00 | | 1,740.00 | | 1,740.00 | 1,740.00 |
WA Diluted Shares Out. | 1,786.00 | 1,789.00 | 1,764.00 | 1,749.00 | 1,748.00 | | 1,748.00 | | 1,749.00 | 1,748.00 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | 4,968 | 8,211 | 8,306 | 6,664 | 7,013 | | 7,013 | | 6,664 | 7,013 |
Addback: Net Interest Expense | 500 | 490 | 375 | 252 | 215 | | 215 | | 252 | 215 |
Addback: Other Non Operating Expenses, Total | (21) | (6) | 87 | 63 | 139 | | 139 | | 63 | 139 |
Addback: Depreciation & Amortization | 3,327 | 3,538 | 3,267 | 3,243 | 3,218 | | 3,218 | | 3,243 | 3,218 |
Addback: Restructuring Charges | 0 | 509 | 234 | 144 | 129 | | 129 | | 144 | 129 |
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. | 115 | 0 | 0 | 39 | 0 | | 0 | | 39 | 0 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Asset Writedown | 0 | 0 | 111 | 100 | 0 | | 0 | | 100 | 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 | (100) | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | (42) | 0 | | 0 | | (42) | 0 |
Adjusted EBITDA | 8,789 | 12,742 | 12,380 | 10,463 | 10,714 | | 10,714 | | 10,463 | 10,714 |
% Margin | 25.4% | 29.6% | 28.4% | 26.1% | 25.5% | | 25.5% | | 26.1% | 25.5% |
| | | | | | | | | | |
Adjusted EBIT | 5,462 | 9,204 | 9,113 | 7,220 | 7,496 | | 7,496 | | 7,220 | 7,496 |
% Margin | 15.8% | 21.4% | 20.9% | 18.0% | 17.9% | | 17.9% | | 18.0% | 17.9% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | 4,495 | 7,071 | 6,933 | 5,723 | 13,402 | | 13,402 | | 5,723 | 13,402 |
Addback: Unusual Items | 15 | 509 | 345 | 241 | 129 | | 129 | | 241 | 129 |
Less: Tax Benefit of Unusual Items (26%) | (4) | (132) | (90) | (63) | (34) | | (34) | | (63) | (34) |
Adjusted Net Income | 4,506 | 7,448 | 7,188 | 5,901 | 13,497 | | 13,497 | | 5,901 | 13,497 |
% Margin | 13.0% | 17.3% | 16.5% | 14.7% | 32.2% | | 32.2% | | 14.7% | 32.2% |