Income Statement

Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update)
Net Sales 8,723.00 8,929.00 9,321.00 9,789.00
Revenue 8,723.00 8,929.00 9,321.00 9,789.00
Total Revenue 8,723.00 8,929.00 9,321.00 9,789.00
Cost of Revenue 1,523.00 1,563.00 1,526.00 1,660.00
Cost of Revenue, Total 1,523.00 1,563.00 1,526.00 1,660.00
Gross Profit 7,200.00 7,366.00 7,795.00 8,129.00
Selling/General/Administrative Expense 1,650.00 1,745.00 1,853.00 2,231.00
Labor & Related Expense 1,891.00 1,933.00 1,992.00 2,005.00
Selling/General/Administrative Expenses, Total 3,541.00 3,678.00 3,845.00 4,236.00
Depreciation 1,837.00 1,912.00 2,189.00 1,715.00
Depreciation/Amortization 1,837.00 1,912.00 2,189.00 1,715.00
Litigation 11.00 10.00 91.00 --
Impairment-Assets Held for Use 293.00 1,147.00 1,675.00 87.00
Loss (Gain) on Sale of Assets - Operating -18.00 -508.00 -1.00 -66.00
Other Unusual Expense (Income) -22.00 -- -- --
Unusual Expense (Income) 264.00 649.00 1,765.00 21.00
Other Operating Expense -- -- -- --
Other, Net 103.00 277.00 544.00 47.00
Other Operating Expenses, Total 103.00 277.00 544.00 47.00
Total Operating Expense 7,268.00 8,079.00 9,869.00 7,679.00
Operating Income 1,455.00 850.00 -548.00 2,110.00
Interest Expense - Non-Operating -303.00 -378.00 -396.00 -341.00
Interest Expense, Net Non-Operating -303.00 -378.00 -396.00 -341.00
Interest Income, Non-Operating 30.00 29.00 0.00 0.00
Investment Income, Non-Operating -33.00 -54.00 -66.00 -51.00
Interest/Investment Income, Non-Operating -3.00 -25.00 -66.00 -51.00
Interest Income (Expense), Net-Non-Operating, Total -306.00 -403.00 -462.00 -392.00
Other Non-Operating Income (Expense) -65.00 -148.00 24.00 -30.00
Other, Net -65.00 -148.00 24.00 -30.00
Net Income Before Taxes 1,084.00 299.00 -986.00 1,688.00
Income Tax – Total 288.00 1,493.00 80.00 453.00
Income After Tax 796.00 -1,194.00 -1,066.00 1,235.00
Minority Interest -- -- -- --
Equity In Affiliates -- -- -- --
Net Income Before Extraordinary Items 796.00 -1,194.00 -1,066.00 1,235.00
Net Income 796.00 -1,194.00 -1,066.00 1,235.00
Income Available to Common Excluding Extraordinary Items 796.00 -1,194.00 -1,066.00 1,235.00
Income Available to Common Stocks Including Extraordinary Items 796.00 -1,194.00 -1,066.00 1,235.00
Basic Weighted Average Shares 2,765.00 2,776.74 2,765.00 2,765.00
Basic EPS Excluding Extraordinary Items 0.29 -0.43 -0.39 0.45
Basic EPS Including Extraordinary Items 0.29 -0.43 -0.39 0.45
Dilution Adjustment -- -- -- --
Diluted Net Income 796.00 -1,194.00 -1,066.00 1,235.00
Diluted Weighted Average Shares 2,765.00 2,776.74 2,765.00 2,765.00
Diluted EPS Excluding Extraordinary Items 0.29 -0.43 -0.39 0.45
Diluted EPS Including Extraordinary Items 0.29 -0.43 -0.39 0.45
DPS - Common Stock Primary Issue 0.00 0.00 0.11 0.39
Gross Dividends - Common Stock -- -- 318.00 1,076.00
Total Special Items 264.00 649.00 1,765.00 21.00
Normalized Income Before Taxes 1,348.00 948.00 779.00 1,709.00
Effect of Special Items on Income Taxes 70.14 227.15 617.75 5.64
Income Taxes Excluding Impact of Special Items 358.14 1,720.15 697.75 458.64
Normalized Income After Taxes 989.86 -772.15 81.25 1,250.36
Normalized Income Available to Common 989.86 -772.15 81.25 1,250.36
Basic Normalized EPS 0.36 -0.28 0.03 0.45
Diluted Normalized EPS 0.36 -0.28 0.03 0.45
Amortization of Intangibles, Supplemental 176.00 196.00 399.00 414.00
Depreciation, Supplemental 1,661.00 1,716.00 1,790.00 1,301.00
Interest Expense, Supplemental 303.00 378.00 396.00 341.00
Stock-Based Compensation, Supplemental -- -- -- --
Equity in Affiliates, Supplemental 0.00 -2.00 -3.00 -5.00
Minority Interest, Supplemental -- -- -- --
Gross Margin 82.54 82.50 83.63 83.04
Operating Margin 16.68 9.52 -5.88 21.55
Pretax Margin 12.43 3.35 -10.58 17.24
Effective Tax Rate 26.57 499.33 -- 26.84
Net Profit Margin 9.13 -13.37 -11.44 12.62
Normalized EBIT 1,719.00 1,499.00 1,217.00 2,131.00
Normalized EBITDA 3,556.00 3,411.00 3,406.00 3,846.00
Current Tax - Domestic 273.00 391.00 311.00 438.00
Current Tax - Other 57.00 -11.00 -24.00 54.00
Current Tax - Total 330.00 380.00 287.00 492.00
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Other -42.00 1,113.00 -207.00 -39.00
Deferred Tax - Total -- -- -- --
Deferred Tax - Total -42.00 1,113.00 -207.00 -39.00
Domestic Tax - Other -- -- -- --
Income Tax - Total 288.00 1,493.00 80.00 453.00

In millions of USD (except for per share items)

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