Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Jun-25 | | Jun-24 | Jun-25 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
Revenue | 13,979 | 13,136 | 11,864 | 12,162 | 13,009 | | 13,484 | | 6,398 | 6,872 |
% Growth | NA | -6.0% | -9.7% | 2.5% | 7.0% | | | | | 7.4% |
| | | | | | | | | | |
Cost of Revenue | (9,026) | (8,144) | (8,155) | (8,797) | (9,385) | | (9,689) | | (4,574) | (4,878) |
Gross Profit | 4,953 | 4,992 | 3,709 | 3,365 | 3,624 | | 3,795 | | 1,824 | 1,994 |
% Revenue | 35.4% | 38.0% | 31.3% | 27.7% | 27.9% | | 28.1% | | 28.5% | 29.0% |
| | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
General and Admin | (1,729) | (1,690) | (1,763) | (2,032) | (2,230) | | (2,289) | | (1,066) | (1,125) |
Other Inc / (Exp) | (807) | (212) | (536) | (593) | (249) | | (331) | | (102) | (184) |
Total Operating Exp | (2,537) | (1,902) | (2,299) | (2,625) | (2,479) | | (2,620) | | (1,168) | (1,309) |
| | | | | | | | | | |
Operating Income | 2,416 | 3,091 | 1,410 | 740 | 1,146 | | 1,175 | | 655 | 685 |
% Revenue | 17.3% | 23.5% | 11.9% | 6.1% | 8.8% | | 8.7% | | 10.2% | 10.0% |
| | | | | | | | | | |
Interest Expense | (197) | (203) | (172) | (171) | (186) | | (201) | | (90) | (105) |
Pre-tax Income | 2,219 | 2,888 | 1,237 | 569 | 960 | | 974 | | 565 | 580 |
Earnings of Discontinued Ops. | 0 | 182 | 277 | 39 | 0 | | 0 | | 0 | 0 |
Provision for Taxes | (662) | (690) | (234) | (189) | (212) | | (210) | | (131) | (129) |
Net Income to Company | 1,557 | 2,380 | 1,281 | 419 | 747 | | 765 | | 434 | 451 |
% Margin | 11.1% | 18.1% | 10.8% | 3.4% | 5.7% | | 5.7% | | 6.8% | 6.6% |
| | | | | | | | | | |
Minority Interest in Earnings | (1) | (2) | (2) | (1) | (1) | | (1) | | (1) | (1) |
Net Income to Stockholders | 1,556 | 2,377 | 1,279 | 418 | 746 | | 763 | | 433 | 451 |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | (182) | (277) | (39) | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
Net Income to Common | 1,556 | 2,195 | 1,002 | 379 | 746 | | 763 | | 433 | 451 |
% Margin | 11.1% | 16.7% | 8.4% | 3.1% | 5.7% | | 5.7% | | 6.8% | 6.6% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | 15.99 | 22.70 | 11.00 | 4.35 | 8.89 | | 9.14 | | 5.15 | 5.40 |
Diluted EPS (Continuing Ops) | 15.88 | 22.52 | 10.94 | 4.33 | 8.84 | | 9.07 | | 5.13 | 5.36 |
| | | | | | | | | | |
WA Basic Shares Out. | 97.30 | 96.70 | 91.10 | 87.10 | 83.90 | | 83.30 | | 84.10 | 83.50 |
WA Diluted Shares Out. | 98.00 | 97.50 | 91.60 | 87.60 | 84.40 | | 84.00 | | 84.50 | 84.10 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | 2,219 | 2,888 | 1,237 | 569 | 960 | | 974 | | 565 | 580 |
Addback: Net Interest Expense | 197 | 203 | 172 | 171 | 186 | | 201 | | 90 | 105 |
Addback: Other Non Operating Expenses, Total | 29 | 20 | 27 | (76) | (144) | | (103) | | (40) | 1 |
Addback: Depreciation & Amortization | 502 | 503 | 470 | 508 | 563 | | 589 | | 311 | 337 |
Addback: Restructuring Charges | 41 | 24 | 55 | 54 | 46 | | 40 | | 17 | 11 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Goodwill Impairment | 422 | 0 | 0 | 334 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | (62) | 0 | 5 | 11 | | 40 | | 6 | 35 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | (6) | | (2) | | (5) | 0 |
Addback: Asset Writedown | 67 | 88 | 262 | 15 | 5 | | 3 | | 3 | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Other Unusual Items | 0 | 0 | (1) | 41 | 80 | | 80 | | 0 | 0 |
Adjusted EBITDA | 3,478 | 3,664 | 2,222 | 1,621 | 1,701 | | 1,823 | | 947 | 1,068 |
% Margin | 24.9% | 27.9% | 18.7% | 13.3% | 13.1% | | 13.5% | | 14.8% | 15.5% |
| | | | | | | | | | |
Adjusted EBIT | 2,976 | 3,161 | 1,752 | 1,113 | 1,138 | | 1,234 | | 635 | 731 |
% Margin | 21.3% | 24.1% | 14.8% | 9.2% | 8.7% | | 9.2% | | 9.9% | 10.6% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | 1,557 | 2,380 | 1,281 | 419 | 747 | | 765 | | 434 | 451 |
Addback: Unusual Items | 530 | 51 | 316 | 449 | 136 | | 162 | | 20 | 45 |
Less: Tax Benefit of Unusual Items (26%) | (138) | (13) | (82) | (117) | (35) | | (42) | | (5) | (12) |
Adjusted Net Income | 1,949 | 2,417 | 1,514 | 751 | 848 | | 884 | | 449 | 485 |
% Margin | 13.9% | 18.4% | 12.8% | 6.2% | 6.5% | | 6.6% | | 7.0% | 7.1% |