Fundamentals - Annual Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Gross Revenue 1,851.81 1,329.11 1,057.50 921.74 968.99
Excise Tax Receipts -115.38 -79.28 -61.85 -58.74 -62.55
Revenue 1,736.43 1,249.82 995.65 862.99 906.45
Total Revenue 1,736.43 1,249.82 995.65 862.99 906.45
Cost of Revenue 913.78 635.66 483.41 413.09 446.78
Cost of Revenue, Total 913.78 635.66 483.41 413.09 446.78
Gross Profit 822.65 614.17 512.24 449.90 459.67
Selling/General/Administrative Expense 107.40 112.73 90.86 73.13 78.03
Labor & Related Expense 15.28 -- -- -- --
Advertising Expense 443.10 355.61 304.85 258.65 244.21
Selling/General/Administrative Expenses, Total 565.78 468.34 395.71 331.78 322.25
Litigation -- -- -- -- --
Impairment-Assets Held for Use 4.47 0.91 0.65 2.45 -0.24
Other Unusual Expense (Income) 8.20 -- -- -- --
Unusual Expense (Income) 12.67 0.91 0.65 2.45 -0.24
Total Operating Expense 1,492.23 1,104.91 879.77 747.32 768.79
Operating Income 244.21 144.91 115.88 115.68 137.66
Interest Expense - Non-Operating -0.14 -- -- -- --
Interest Expense, Net Non-Operating -0.14 -- -- -- --
Interest Income, Non-Operating -- 0.65 1.29 0.55 0.17
Interest/Investment Income, Non-Operating -- 0.65 1.29 0.55 0.17
Interest Income (Expense), Net Non-Operating -0.06 -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -0.20 0.65 1.29 0.55 0.17
Other Non-Operating Income (Expense) 0.22 -1.19 -0.89 -0.08 -0.71
Other, Net 0.22 -1.19 -0.89 -0.08 -0.71
Net Income Before Taxes 244.23 144.37 116.29 116.14 137.12
Income Tax – Total 64.17 43.23 29.72 37.39 49.77
Income After Tax 180.06 101.14 86.56 78.75 87.35
Net Income Before Extraordinary Items 180.06 101.14 86.56 78.75 87.35
Extraordinary Item 11.90 8.90 6.10 20.30 --
Total Extraordinary Items 11.90 8.90 6.10 20.30 --
Net Income 191.96 110.04 92.66 99.05 87.35
Miscellaneous Earnings Adjustment -1.16 -0.97 -0.87 -0.54 -0.44
Total Adjustments to Net Income -1.16 -0.97 -0.87 -0.54 -0.44
Income Available to Common Excluding Extraordinary Items 178.90 100.17 85.69 78.21 86.91
Income Available to Common Stocks Including Extraordinary Items 190.80 109.07 91.79 98.51 86.91
Basic Weighted Average Shares 12.13 11.78 11.62 12.04 12.53
Basic EPS Excluding Extraordinary Items 14.75 8.50 7.37 6.50 6.93
Basic EPS Including Extraordinary Items 15.73 9.26 7.90 8.18 6.93
Dilution Adjustment 0.01 0.01 0.01 0.01 0.01
Diluted Net Income 190.81 109.08 91.80 98.51 86.92
Diluted Weighted Average Shares 12.28 11.91 11.73 12.18 12.80
Diluted EPS Excluding Extraordinary Items 14.57 8.41 7.30 6.42 6.79
Diluted EPS Including Extraordinary Items 15.53 9.16 7.82 8.09 6.79
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 -1.00
Impairment-Assets Held for Use, Supplemental -- -- -- -- 0.70
Other Unusual Expense (Income), Supplemental 4.50 -- -- -- --
Non-Recurring Items, Total 4.50 -- -- -1.00 -0.30
Total Special Items 17.17 0.91 0.65 1.45 -0.54
Normalized Income Before Taxes 261.40 145.28 116.94 117.59 136.59
Effect of Special Items on Income Taxes 4.51 0.27 0.17 0.47 -0.19
Income Taxes Excluding Impact of Special Items 68.68 43.50 29.89 37.86 49.58
Normalized Income After Taxes 192.72 101.78 87.05 79.73 87.01
Normalized Income Available to Common 191.55 100.81 86.18 79.19 86.57
Basic Normalized EPS 15.79 8.56 7.41 6.58 6.91
Diluted Normalized EPS 15.60 8.47 7.34 6.50 6.77
Amortization of Intangibles, Supplemental 0.25 -- -- -- --
Depreciation, Supplemental 65.40 56.27 51.97 51.26 49.56
Interest Expense, Supplemental 0.14 0.06 -- -- --
Rental Expense, Supplemental 9.76 6.69 4.60 3.40 3.80
Stock-Based Compensation, Supplemental 15.28 12.34 10.04 6.32 6.15
Advertising Expense, Supplemental 443.10 355.61 304.85 258.65 244.21
Audit-Related Fees, Supplemental -- -- 0.69 0.64 0.65
Audit-Related Fees -- -- 0.08 0.08 0.08
Tax Fees, Supplemental -- -- 0.25 0.07 0.07
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin 47.38 49.14 51.45 52.13 50.71
Operating Margin 14.06 11.59 11.64 13.40 15.19
Pretax Margin 14.07 11.55 11.68 13.46 15.13
Effective Tax Rate 26.27 29.94 25.56 32.20 36.30
Net Profit Margin 10.30 8.02 8.61 9.06 9.59
Normalized EBIT 261.37 145.82 116.53 117.13 137.12
Normalized EBITDA 327.03 202.09 168.50 168.38 186.68
Current Tax - Domestic 25.12 18.51 4.47 34.26 35.39
Current Tax - Local 9.46 8.08 4.89 5.23 6.11
Current Tax - Total 34.57 26.59 9.37 39.48 41.50
Deferred Tax - Domestic 28.26 16.98 18.96 -2.19 7.67
Deferred Tax - Local 1.34 -0.35 1.40 0.10 0.61
Deferred Tax - Total 29.60 16.64 20.36 -2.09 8.27
Other Tax -- -- -- -- --
Income Tax - Total 64.17 43.23 29.72 37.39 49.77
Defined Contribution Expense - Domestic 6.40 4.00 3.50 3.20 3.50
Total Pension Expense 6.40 4.00 3.50 3.20 3.50