Income Statement

Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Update)
Net Sales 8,821.00 8,723.00 8,929.00 9,321.00
Revenue 8,821.00 8,723.00 8,929.00 9,321.00
Total Revenue 8,821.00 8,723.00 8,929.00 9,321.00
Cost of Revenue 1,520.00 1,523.00 1,563.00 1,526.00
Cost of Revenue, Total 1,520.00 1,523.00 1,563.00 1,526.00
Gross Profit 7,301.00 7,200.00 7,366.00 7,795.00
Selling/General/Administrative Expense 1,737.00 1,650.00 1,745.00 1,853.00
Labor & Related Expense 1,882.00 1,891.00 1,933.00 1,992.00
Selling/General/Administrative Expenses, Total 3,619.00 3,541.00 3,678.00 3,845.00
Depreciation 1,889.00 1,837.00 1,912.00 2,189.00
Depreciation/Amortization 1,889.00 1,837.00 1,912.00 2,189.00
Litigation -23.00 11.00 10.00 91.00
Impairment-Assets Held for Use 0.00 293.00 1,147.00 1,675.00
Loss (Gain) on Sale of Assets - Operating -175.00 -18.00 -508.00 -1.00
Other Unusual Expense (Income) 0.00 -22.00 -- --
Unusual Expense (Income) -198.00 264.00 649.00 1,765.00
Other Operating Expense -- -- -- --
Other, Net 121.00 103.00 277.00 544.00
Other Operating Expenses, Total 121.00 103.00 277.00 544.00
Total Operating Expense 6,951.00 7,268.00 8,079.00 9,869.00
Operating Income 1,870.00 1,455.00 850.00 -548.00
Interest Expense - Non-Operating -270.00 -303.00 -378.00 -396.00
Interest Expense, Net Non-Operating -270.00 -303.00 -378.00 -396.00
Interest Income, Non-Operating 28.00 30.00 29.00 0.00
Investment Income, Non-Operating -49.00 -33.00 -54.00 -66.00
Interest/Investment Income, Non-Operating -21.00 -3.00 -25.00 -66.00
Interest Income (Expense), Net-Non-Operating, Total -291.00 -306.00 -403.00 -462.00
Other Non-Operating Income (Expense) -14.00 -65.00 -148.00 24.00
Other, Net -14.00 -65.00 -148.00 24.00
Net Income Before Taxes 1,565.00 1,084.00 299.00 -986.00
Income Tax – Total 382.00 288.00 1,493.00 80.00
Income After Tax 1,183.00 796.00 -1,194.00 -1,066.00
Minority Interest -- -- -- --
Net Income Before Extraordinary Items 1,183.00 796.00 -1,194.00 -1,066.00
Net Income 1,183.00 796.00 -1,194.00 -1,066.00
Income Available to Common Excluding Extraordinary Items 1,183.00 796.00 -1,194.00 -1,066.00
Income Available to Common Stocks Including Extraordinary Items 1,183.00 796.00 -1,194.00 -1,066.00
Basic Weighted Average Shares 2,765.00 2,765.00 2,776.74 2,765.00
Basic EPS Excluding Extraordinary Items 0.43 0.29 -0.43 -0.39
Basic EPS Including Extraordinary Items 0.43 0.29 -0.43 -0.39
Dilution Adjustment -- -- -- --
Diluted Net Income 1,183.00 796.00 -1,194.00 -1,066.00
Diluted Weighted Average Shares 2,765.00 2,765.00 2,776.74 2,765.00
Diluted EPS Excluding Extraordinary Items 0.43 0.29 -0.43 -0.39
Diluted EPS Including Extraordinary Items 0.43 0.29 -0.43 -0.39
DPS - Common Stock Primary Issue 0.09 0.00 0.00 0.11
Gross Dividends - Common Stock 240.00 -- -- 318.00
Total Special Items -198.00 264.00 649.00 1,765.00
Normalized Income Before Taxes 1,367.00 1,348.00 948.00 779.00
Effect of Special Items on Income Taxes -48.33 70.14 227.15 617.75
Income Taxes Excluding Impact of Special Items 333.67 358.14 1,720.15 697.75
Normalized Income After Taxes 1,033.33 989.86 -772.15 81.25
Normalized Income Available to Common 1,033.33 989.86 -772.15 81.25
Basic Normalized EPS 0.37 0.36 -0.28 0.03
Diluted Normalized EPS 0.37 0.36 -0.28 0.03
Amortization of Intangibles, Supplemental 163.00 176.00 196.00 399.00
Depreciation, Supplemental 1,726.00 1,661.00 1,716.00 1,790.00
Interest Expense, Supplemental 270.00 303.00 378.00 396.00
Equity in Affiliates, Supplemental 0.00 0.00 -2.00 -3.00
Minority Interest, Supplemental -- -- -- --
Gross Margin 82.77 82.54 82.50 83.63
Operating Margin 21.20 16.68 9.52 -5.88
Pretax Margin 17.74 12.43 3.35 -10.58
Effective Tax Rate 24.41 26.57 499.33 --
Net Profit Margin 13.41 9.13 -13.37 -11.44
Normalized EBIT 1,672.00 1,719.00 1,499.00 1,217.00
Normalized EBITDA 3,561.00 3,556.00 3,411.00 3,406.00
Current Tax - Domestic 289.00 273.00 391.00 311.00
Current Tax - Other 14.00 57.00 -11.00 -24.00
Current Tax - Total 303.00 330.00 380.00 287.00
Deferred Tax - Other 79.00 -42.00 1,113.00 -207.00
Deferred Tax - Total -- -- -- --
Deferred Tax - Total 79.00 -42.00 1,113.00 -207.00
Income Tax - Total 382.00 288.00 1,493.00 80.00

In millions of USD (except for per share items)

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