Fundamentals - Annual Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Gross Revenue 2,196.65 1,851.81 1,329.11 1,057.50 921.74
Excise Tax Receipts -139.03 -115.38 -79.28 -61.85 -58.74
Revenue 2,057.62 1,736.43 1,249.82 995.65 862.99
Total Revenue 2,057.62 1,736.43 1,249.82 995.65 862.99
Cost of Revenue 1,259.83 913.78 635.66 483.41 413.09
Cost of Revenue, Total 1,259.83 913.78 635.66 483.41 413.09
Gross Profit 797.79 822.65 614.17 512.24 449.90
Selling/General/Administrative Expense 120.62 107.40 112.73 90.86 73.13
Labor & Related Expense 18.62 15.28 -- -- --
Advertising Expense 601.38 443.10 355.61 304.85 258.65
Selling/General/Administrative Expenses, Total 740.62 565.78 468.34 395.71 331.78
Litigation -- -- -- -- --
Impairment-Assets Held for Use 18.50 4.47 0.91 0.65 2.45
Other Unusual Expense (Income) 30.68 8.20 -- -- --
Unusual Expense (Income) 49.18 12.67 0.91 0.65 2.45
Total Operating Expense 2,049.63 1,492.23 1,104.91 879.77 747.32
Operating Income 8.00 244.21 144.91 115.88 115.68
Interest Expense - Non-Operating -0.12 -0.14 -- -- --
Interest Expense, Net Non-Operating -0.12 -0.14 -- -- --
Interest Income, Non-Operating -- -- 0.65 1.29 0.55
Interest/Investment Income, Non-Operating -- -- 0.65 1.29 0.55
Interest Income (Expense), Net Non-Operating 0.01 -0.06 -- -- --
Interest Income (Expense), Net-Non-Operating, Total -0.11 -0.20 0.65 1.29 0.55
Other Non-Operating Income (Expense) -0.98 0.22 -1.19 -0.89 -0.08
Other, Net -0.98 0.22 -1.19 -0.89 -0.08
Net Income Before Taxes 6.91 244.23 144.37 116.29 116.14
Income Tax – Total -7.64 64.17 43.23 29.72 37.39
Income After Tax 14.55 180.06 101.14 86.56 78.75
Net Income Before Extraordinary Items 14.55 180.06 101.14 86.56 78.75
Extraordinary Item -- 11.90 8.90 6.10 20.30
Total Extraordinary Items -- 11.90 8.90 6.10 20.30
Net Income 14.55 191.96 110.04 92.66 99.05
Miscellaneous Earnings Adjustment -- -1.16 -0.97 -0.87 -0.54
Total Adjustments to Net Income -- -1.16 -0.97 -0.87 -0.54
Income Available to Common Excluding Extraordinary Items 14.55 178.90 100.17 85.69 78.21
Income Available to Common Stocks Including Extraordinary Items 14.55 190.80 109.07 91.79 98.51
Basic Weighted Average Shares 12.28 12.13 11.78 11.62 12.04
Basic EPS Excluding Extraordinary Items 1.19 14.75 8.50 7.37 6.50
Basic EPS Including Extraordinary Items 1.19 15.73 9.26 7.90 8.18
Dilution Adjustment -- 0.01 0.01 0.01 0.01
Diluted Net Income 14.55 190.81 109.08 91.80 98.51
Diluted Weighted Average Shares 12.44 12.28 11.91 11.73 12.18
Diluted EPS Excluding Extraordinary Items 1.17 14.57 8.41 7.30 6.42
Diluted EPS Including Extraordinary Items 1.17 15.53 9.16 7.82 8.09
DPS - Common Stock Primary Issue -- -- -- -- --
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
Impairment-Assets Held for Use, Supplemental -- -- -- -- --
Other Unusual Expense (Income), Supplemental -- 4.50 -- -- --
Non-Recurring Items, Total -- 4.50 -- -- -1.00
Total Special Items 49.18 17.17 0.91 0.65 1.45
Normalized Income Before Taxes 56.09 261.40 145.28 116.94 117.59
Effect of Special Items on Income Taxes 17.21 4.51 0.27 0.17 0.47
Income Taxes Excluding Impact of Special Items 9.57 68.68 43.50 29.89 37.86
Normalized Income After Taxes 46.52 192.72 101.78 87.05 79.73
Normalized Income Available to Common 46.52 191.55 100.81 86.18 79.19
Basic Normalized EPS 3.79 15.79 8.56 7.41 6.58
Diluted Normalized EPS 3.74 15.60 8.47 7.34 6.50
Amortization of Intangibles, Supplemental 0.25 0.25 -- -- --
Depreciation, Supplemental 71.84 65.40 56.27 51.97 51.26
Interest Expense, Supplemental 0.12 0.14 0.06 -- --
Rental Expense, Supplemental 10.28 9.76 6.69 4.60 3.40
Stock-Based Compensation, Supplemental 18.62 15.28 12.34 10.04 6.32
Advertising Expense, Supplemental 601.38 443.10 355.61 304.85 258.65
Audit-Related Fees, Supplemental 1.17 0.91 0.98 0.69 0.64
Audit-Related Fees 0.06 0.09 0.08 0.08 0.08
Tax Fees, Supplemental 0.07 0.13 0.10 0.25 0.07
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin 38.77 47.38 49.14 51.45 52.13
Operating Margin 0.39 14.06 11.59 11.64 13.40
Pretax Margin 0.34 14.07 11.55 11.68 13.46
Effective Tax Rate -110.64 26.27 29.94 25.56 32.20
Net Profit Margin 0.71 10.30 8.02 8.61 9.06
Normalized EBIT 57.17 261.37 145.82 116.53 117.13
Normalized EBITDA 129.27 327.03 202.09 168.50 168.38
Current Tax - Domestic -4.47 25.12 18.51 4.47 34.26
Current Tax - Local 2.08 9.46 8.08 4.89 5.23
Current Tax - Total -2.40 34.57 26.59 9.37 39.48
Deferred Tax - Domestic -2.76 28.26 16.98 18.96 -2.19
Deferred Tax - Local -2.49 1.34 -0.35 1.40 0.10
Deferred Tax - Total -5.25 29.60 16.64 20.36 -2.09
Other Tax -- -- -- -- --
Income Tax - Total -7.64 64.17 43.23 29.72 37.39
Defined Contribution Expense - Domestic 7.40 6.40 4.00 3.50 3.20
Total Pension Expense 7.40 6.40 4.00 3.50 3.20