Fundamentals - Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Gross Revenue 1,057.50 921.74 968.99 1,024.04 966.48
Sales Returns and Allowances -- -- -- -- --
Excise Tax Receipts -61.85 -58.74 -62.55 -64.11 -63.47
Revenue 995.65 862.99 906.45 959.93 903.01
Total Revenue 995.65 862.99 906.45 959.93 903.01
Cost of Revenue 483.41 413.09 446.78 458.32 438.00
Cost of Revenue, Total 483.41 413.09 446.78 458.32 438.00
Gross Profit 512.24 449.90 459.67 501.62 465.01
Selling/General/Administrative Expense 90.86 73.13 78.03 71.56 65.97
Advertising Expense 304.85 258.65 244.21 273.63 250.70
Selling/General/Administrative Expenses, Total 395.71 331.78 322.25 345.19 316.67
Litigation -- -- -- -- --
Impairment-Assets Held for Use 0.65 2.45 -0.24 0.26 1.78
Unusual Expense (Income) 0.65 2.45 -0.24 0.26 1.78
Total Operating Expense 879.77 747.32 768.79 803.76 756.44
Operating Income 115.88 115.68 137.66 156.17 146.57
Interest Income, Non-Operating 1.29 0.55 0.17 0.06 0.02
Interest/Investment Income, Non-Operating 1.29 0.55 0.17 0.06 0.02
Interest Income (Expense), Net-Non-Operating, Total 1.29 0.55 0.17 0.06 0.02
Other Non-Operating Income (Expense) -0.89 -0.08 -0.71 -1.22 -0.99
Other, Net -0.89 -0.08 -0.71 -1.22 -0.99
Net Income Before Taxes 116.29 116.14 137.12 155.01 145.59
Income Tax – Total 29.72 37.39 49.77 56.60 54.85
Income After Tax 86.56 78.75 87.35 98.41 90.74
Net Income Before Extraordinary Items 86.56 78.75 87.35 98.41 90.74
Extraordinary Item 6.10 20.30 -- -- --
Total Extraordinary Items 6.10 20.30 -- -- --
Net Income 92.66 99.05 87.35 98.41 90.74
Miscellaneous Earnings Adjustment -0.87 -0.54 -0.44 -0.46 -0.51
Total Adjustments to Net Income -0.87 -0.54 -0.44 -0.46 -0.51
Income Available to Common Excluding Extraordinary Items 85.69 78.21 86.91 97.95 90.23
Income Available to Common Stocks Including Extraordinary Items 91.79 98.51 86.91 97.95 90.23
Basic Weighted Average Shares 11.62 12.04 12.53 13.12 12.97
Basic EPS Excluding Extraordinary Items 7.37 6.50 6.93 7.46 6.96
Basic EPS Including Extraordinary Items 7.90 8.18 6.93 7.46 6.96
Dilution Adjustment 0.01 0.01 0.01 0.01 0.02
Diluted Net Income 91.80 98.51 86.92 97.97 90.25
Diluted Weighted Average Shares 11.73 12.18 12.80 13.52 13.48
Diluted EPS Excluding Extraordinary Items 7.30 6.42 6.79 7.25 6.69
Diluted EPS Including Extraordinary Items 7.82 8.09 6.79 7.25 6.69
DPS - Common Stock Primary Issue -- -- -- 0.00 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 0.70 2.50 0.70 0.30 --
Non-Recurring Items, Total 0.70 1.50 -0.30 0.30 --
Total Special Items 1.35 3.95 -0.54 0.56 1.78
Normalized Income Before Taxes 117.64 120.09 136.59 155.57 147.37
Effect of Special Items on Income Taxes 0.35 1.27 -0.19 0.20 0.67
Income Taxes Excluding Impact of Special Items 30.07 38.67 49.58 56.80 55.52
Normalized Income After Taxes 87.57 81.43 87.01 98.77 91.85
Normalized Income Available to Common 86.70 80.88 86.57 98.31 91.34
Basic Normalized EPS 7.46 6.72 6.91 7.49 7.04
Diluted Normalized EPS 7.39 6.64 6.77 7.27 6.78
Depreciation, Supplemental 51.97 51.26 49.56 43.40 35.14
Rental Expense, Supplemental 4.60 3.40 3.80 3.40 3.20
Stock-Based Compensation, Supplemental 10.04 6.32 6.15 6.67 6.86
Advertising Expense, Supplemental 304.85 258.65 244.21 273.63 250.70
Audit-Related Fees, Supplemental 0.69 0.64 0.65 0.70 0.75
Audit-Related Fees 0.08 0.08 0.08 0.01 0.03
Tax Fees, Supplemental 0.25 0.07 0.07 0.05 0.07
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin 51.45 52.13 50.71 52.26 51.50
Operating Margin 11.64 13.40 15.19 16.27 16.23
Pretax Margin 11.68 13.46 15.13 16.15 16.12
Effective Tax Rate 25.56 32.20 36.30 36.51 37.67
Net Profit Margin 8.61 9.06 9.59 10.20 9.99
Normalized EBIT 117.23 119.63 137.12 156.73 148.34
Normalized EBITDA 169.20 170.88 186.68 200.13 183.48
Current Tax - Domestic 4.47 34.26 35.39 42.39 30.60
Current Tax - Local 4.89 5.23 6.11 7.40 8.26
Current Tax - Total 9.37 39.48 41.50 49.79 38.86
Deferred Tax - Domestic 18.96 -2.19 7.67 6.28 15.41
Deferred Tax - Local 1.40 0.10 0.61 0.52 0.59
Deferred Tax - Total 20.36 -2.09 8.27 6.80 15.99
Other Tax -- -- -- -- --
Income Tax - Total 29.72 37.39 49.77 56.60 54.85
Defined Contribution Expense - Domestic 3.50 3.20 3.50 3.00 2.80
Total Pension Expense 3.50 3.20 3.50 3.00 2.80