Fundamentals - Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Reclassified) Year Ending Dec 2017 (Reclassified)
Net Sales 5,116.79 4,607.50 5,755.19 5,645.29 5,527.34
Revenue 5,116.79 4,607.50 5,755.19 5,645.29 5,527.34
Total Revenue 5,116.79 4,607.50 5,755.19 5,645.29 5,527.34
Cost of Revenue 971.06 887.15 1,021.64 1,007.96 980.08
Cost of Revenue, Total 971.06 887.15 1,021.64 1,007.96 980.08
Gross Profit 4,145.73 3,720.35 4,733.55 4,637.32 4,547.26
Selling/General/Administrative Expense 215.00 194.24 224.97 183.22 187.12
Advertising Expense 114.30 98.61 150.34 151.24 150.87
Selling/General/Administrative Expenses, Total 329.30 292.85 375.31 334.46 337.99
Depreciation 1,262.72 1,318.01 1,340.50 1,282.45 1,275.45
Depreciation/Amortization 1,262.72 1,318.01 1,340.50 1,282.45 1,275.45
Investment Income - Operating -- -- -- -- --
Interest/Investment Income - Operating -- -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- -- --
Other Unusual Expense (Income) 51.84 -- 101.37 -288.83 124.97
Unusual Expense (Income) 51.84 -- 101.37 -288.83 124.97
Other Operating Expense 140.52 137.68 109.90 94.11 131.48
Other, Net -- -- -- -- --
Other Operating Expenses, Total 140.52 137.68 109.90 94.11 131.48
Total Operating Expense 2,755.44 2,635.69 2,948.73 2,430.16 2,849.97
Operating Income 2,361.35 1,971.81 2,806.46 3,215.13 2,677.37
Interest Expense - Non-Operating -826.92 -807.32 -822.70 -835.79 -834.15
Interest Capitalized - Non-Operating 31.20 22.92 33.34 19.87 24.75
Interest Expense, Net Non-Operating -795.71 -784.40 -789.35 -815.92 -809.39
Investment Income, Non-Operating 953.41 200.24 436.14 460.04 400.27
Interest/Investment Income, Non-Operating 953.41 200.24 436.14 460.04 400.27
Interest Income (Expense), Net-Non-Operating, Total 157.70 -584.16 -353.22 -355.89 -409.12
Gain (Loss) on Sale of Assets 206.86 -114.96 -- -- --
Other Non-Operating Income (Expense) -157.20 4.64 -30.05 -36.90 -23.34
Other, Net -157.20 4.64 -30.05 -36.90 -23.34
Net Income Before Taxes 2,568.71 1,277.32 2,423.19 2,822.34 2,244.90
Income After Tax 2,568.71 1,277.32 2,423.19 2,822.34 2,244.90
Minority Interest -319.08 -164.76 -321.60 -382.29 -296.94
Net Income Before Extraordinary Items 2,249.63 1,112.56 2,101.58 2,440.06 1,947.96
Discontinued Operations -- -- -- -- --
Total Extraordinary Items -- -- -- -- --
Net Income 2,249.63 1,112.56 2,101.58 2,440.06 1,947.96
Preferred Dividends -3.34 -3.34 -3.34 -3.34 -3.34
Total Adjustments to Net Income -3.34 -3.34 -3.34 -3.34 -3.34
Income Available to Common Excluding Extraordinary Items 2,246.29 1,109.23 2,098.25 2,436.72 1,944.63
Income Available to Common Stocks Including Extraordinary Items 2,246.29 1,109.23 2,098.25 2,436.72 1,944.63
Basic Weighted Average Shares 328.59 308.74 307.95 309.63 311.52
Basic EPS Excluding Extraordinary Items 6.84 3.59 6.81 7.87 6.24
Basic EPS Including Extraordinary Items 6.84 3.59 6.81 7.87 6.24
Dilution Adjustment -- -- -- -- --
Diluted Net Income 2,246.29 1,109.23 2,098.25 2,436.72 1,944.63
Diluted Weighted Average Shares 328.59 308.74 307.95 309.63 311.52
Diluted EPS Excluding Extraordinary Items 6.84 3.59 6.81 7.87 6.24
Diluted EPS Including Extraordinary Items 6.84 3.59 6.81 7.87 6.24
DPS - Common Stock Primary Issue 5.85 6.00 8.30 7.90 7.15
Gross Dividends - Common Stock 1,926.71 1,869.82 2,558.94 2,449.07 2,231.26
Total Special Items -155.01 114.96 101.37 -288.83 124.97
Normalized Income Before Taxes 2,413.69 1,392.28 2,524.56 2,533.52 2,369.87
Effect of Special Items on Income Taxes 0.00 0.00 0.00 0.00 0.00
Income Taxes Excluding Impact of Special Items 0.00 0.00 0.00 0.00 0.00
Normalized Income After Taxes 2,413.69 1,392.28 2,524.56 2,533.52 2,369.87
Normalized Income Available to Common 2,091.28 1,224.19 2,199.62 2,147.89 2,069.60
Basic Normalized EPS 6.36 3.97 7.14 6.94 6.64
Diluted Normalized EPS 6.36 3.97 7.14 6.94 6.64
Funds From Operations - REIT 4,486.96 3,236.96 4,272.27 4,324.60 4,020.51
Depreciation, Supplemental 1,325.90 1,354.99 1,394.17 1,349.78 1,357.35
Interest Expense, Supplemental 795.71 784.40 789.35 815.92 809.39
Interest Capitalized, Supplemental -31.20 -22.92 -33.34 -19.87 -24.75
Rental Expense, Supplemental 32.49 31.40 47.83 42.67 40.86
Advertising Expense, Supplemental 114.30 98.61 150.34 151.24 150.87
Equity in Affiliates, Supplemental 961.51 219.87 444.35 475.25 400.27
Minority Interest, Supplemental -319.08 -164.76 -321.60 -382.29 -296.94
Audit-Related Fees, Supplemental 5.44 4.71 4.23 3.94 3.96
Audit-Related Fees 4.89 5.07 4.84 5.02 5.12
Tax Fees, Supplemental 0.28 0.36 0.27 0.19 5.12
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 81.02 80.75 82.25 82.15 82.27
Operating Margin 46.15 42.80 48.76 56.95 48.44
Pretax Margin 50.20 27.72 42.10 49.99 40.61
Net Profit Margin 43.90 24.07 36.46 43.16 35.18
Normalized EBIT 2,413.19 1,971.81 2,907.83 2,926.30 2,802.34
Normalized EBITDA 3,739.09 3,326.80 4,302.00 4,276.08 4,159.69
FFO per Share (Basic) 11.94 9.11 12.04 12.13 11.21
FFO per Share (Diluted) 11.94 9.11 12.04 12.13 11.21
Funds Available for Distribution (FAD) 4,151.97 3,141.79 3,843.41 4,000.72 3,771.72
Net Operating Income (NOI) 5,084.61 4,158.07 6,096.07 6,385.22 6,618.76

Copyright Refinitiv

For a more complete picture of our financial results, please review our SEC Filings