Fundamentals - Annual Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Gross Revenue 1,329.11 1,057.50 921.74 968.99 1,024.04
Excise Tax Receipts -79.28 -61.85 -58.74 -62.55 -64.11
Revenue 1,249.82 995.65 862.99 906.45 959.93
Total Revenue 1,249.82 995.65 862.99 906.45 959.93
Cost of Revenue 635.66 483.41 413.09 446.78 458.32
Cost of Revenue, Total 635.66 483.41 413.09 446.78 458.32
Gross Profit 614.17 512.24 449.90 459.67 501.62
Selling/General/Administrative Expense 112.73 90.86 73.13 78.03 71.56
Advertising Expense 355.61 304.85 258.65 244.21 273.63
Selling/General/Administrative Expenses, Total 468.34 395.71 331.78 322.25 345.19
Litigation -- -- -- -- --
Impairment-Assets Held for Use 0.91 0.65 2.45 -0.24 0.26
Unusual Expense (Income) 0.91 0.65 2.45 -0.24 0.26
Total Operating Expense 1,104.91 879.77 747.32 768.79 803.76
Operating Income 144.91 115.88 115.68 137.66 156.17
Interest Income, Non-Operating 0.65 1.29 0.55 0.17 0.06
Interest/Investment Income, Non-Operating 0.65 1.29 0.55 0.17 0.06
Interest Income (Expense), Net-Non-Operating, Total 0.65 1.29 0.55 0.17 0.06
Other Non-Operating Income (Expense) -1.19 -0.89 -0.08 -0.71 -1.22
Other, Net -1.19 -0.89 -0.08 -0.71 -1.22
Net Income Before Taxes 144.37 116.29 116.14 137.12 155.01
Income Tax – Total 43.23 29.72 37.39 49.77 56.60
Income After Tax 101.14 86.56 78.75 87.35 98.41
Net Income Before Extraordinary Items 101.14 86.56 78.75 87.35 98.41
Extraordinary Item 8.90 6.10 20.30 -- --
Total Extraordinary Items 8.90 6.10 20.30 -- --
Net Income 110.04 92.66 99.05 87.35 98.41
Miscellaneous Earnings Adjustment -0.97 -0.87 -0.54 -0.44 -0.46
Total Adjustments to Net Income -0.97 -0.87 -0.54 -0.44 -0.46
Income Available to Common Excluding Extraordinary Items 100.17 85.69 78.21 86.91 97.95
Income Available to Common Stocks Including Extraordinary Items 109.07 91.79 98.51 86.91 97.95
Basic Weighted Average Shares 11.78 11.62 12.04 12.53 13.12
Basic EPS Excluding Extraordinary Items 8.50 7.37 6.50 6.93 7.46
Basic EPS Including Extraordinary Items 9.26 7.90 8.18 6.93 7.46
Dilution Adjustment 0.01 0.01 0.01 0.01 0.01
Diluted Net Income 109.08 91.80 98.51 86.92 97.97
Diluted Weighted Average Shares 11.91 11.73 12.18 12.80 13.52
Diluted EPS Excluding Extraordinary Items 8.41 7.30 6.42 6.79 7.25
Diluted EPS Including Extraordinary Items 9.16 7.82 8.09 6.79 7.25
DPS - Common Stock Primary Issue -- -- -- -- 0.00
Dividend per Share – Common Stock Issue 2 -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
(Gain) Loss on Sale of Assets, Supplemental -- -- -1.00 -1.00 --
Impairment-Assets Held for Use, Supplemental 0.90 0.70 2.50 0.70 0.30
Non-Recurring Items, Total 0.90 0.70 1.50 -0.30 0.30
Total Special Items 1.81 1.35 3.95 -0.54 0.56
Normalized Income Before Taxes 146.18 117.64 120.09 136.59 155.57
Effect of Special Items on Income Taxes 0.54 0.35 1.27 -0.19 0.20
Income Taxes Excluding Impact of Special Items 43.77 30.07 38.67 49.58 56.80
Normalized Income After Taxes 102.41 87.57 81.43 87.01 98.77
Normalized Income Available to Common 101.44 86.70 80.88 86.57 98.31
Basic Normalized EPS 8.61 7.46 6.72 6.91 7.49
Diluted Normalized EPS 8.52 7.39 6.64 6.77 7.27
Depreciation, Supplemental 56.27 51.97 51.26 49.56 43.40
Interest Expense, Supplemental 0.06 -- -- -- --
Rental Expense, Supplemental 6.69 4.60 3.40 3.80 3.40
Stock-Based Compensation, Supplemental 12.34 10.04 6.32 6.15 6.67
Advertising Expense, Supplemental 355.61 304.85 258.65 244.21 273.63
Audit-Related Fees, Supplemental -- 0.69 0.64 0.65 0.70
Audit-Related Fees -- 0.08 0.08 0.08 0.01
Tax Fees, Supplemental -- 0.25 0.07 0.07 0.05
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin 49.14 51.45 52.13 50.71 52.26
Operating Margin 11.59 11.64 13.40 15.19 16.27
Pretax Margin 11.55 11.68 13.46 15.13 16.15
Effective Tax Rate 29.94 25.56 32.20 36.30 36.51
Net Profit Margin 8.02 8.61 9.06 9.59 10.20
Normalized EBIT 146.72 117.23 119.63 137.12 156.73
Normalized EBITDA 202.99 169.20 170.88 186.68 200.13
Current Tax - Domestic 18.51 4.47 34.26 35.39 42.39
Current Tax - Local 8.08 4.89 5.23 6.11 7.40
Current Tax - Total 26.59 9.37 39.48 41.50 49.79
Deferred Tax - Domestic 16.98 18.96 -2.19 7.67 6.28
Deferred Tax - Local -0.35 1.40 0.10 0.61 0.52
Deferred Tax - Total 16.64 20.36 -2.09 8.27 6.80
Other Tax -- -- -- -- --
Income Tax - Total 43.23 29.72 37.39 49.77 56.60
Defined Contribution Expense - Domestic 4.00 3.50 3.20 3.50 3.00
Total Pension Expense 4.00 3.50 3.20 3.50 3.00