Income Statement

Income Statement

  Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Sales 8,929.00 9,321.00 9,789.00 10,084.00
Revenue 8,929.00 9,321.00 9,789.00 10,084.00
Total Revenue 8,929.00 9,321.00 9,789.00 10,084.00
Cost of Revenue 1,563.00 1,526.00 1,660.00 1,656.00
Cost of Revenue, Total 1,563.00 1,526.00 1,660.00 1,656.00
Gross Profit 7,366.00 7,795.00 8,129.00 8,428.00
Selling/General/Administrative Expense 1,745.00 1,853.00 2,231.00 2,356.00
Labor & Related Expense 1,933.00 1,992.00 2,005.00 2,012.00
Selling/General/Administrative Expenses, Total 3,678.00 3,845.00 4,236.00 4,368.00
Depreciation 1,912.00 2,189.00 1,715.00 1,739.00
Depreciation/Amortization 1,912.00 2,189.00 1,715.00 1,739.00
Litigation 10.00 91.00 -- --
Impairment-Assets Held for Use 1,147.00 1,675.00 87.00 --
Loss (Gain) on Sale of Assets - Operating -508.00 -1.00 -66.00 -107.00
Unusual Expense (Income) 649.00 1,765.00 21.00 -107.00
Other Operating Expense -- -- -- --
Other, Net 277.00 544.00 47.00 107.00
Other Operating Expenses, Total 277.00 544.00 47.00 107.00
Total Operating Expense 8,079.00 9,869.00 7,679.00 7,763.00
Operating Income 850.00 -548.00 2,110.00 2,321.00
Interest Expense - Non-Operating -378.00 -396.00 -341.00 -358.00
Interest Expense, Net Non-Operating -378.00 -396.00 -341.00 -358.00
Interest Income, Non-Operating 29.00 0.00 0.00 0.00
Investment Income, Non-Operating -54.00 -66.00 -51.00 -37.00
Interest/Investment Income, Non-Operating -25.00 -66.00 -51.00 -37.00
Interest Income (Expense), Net-Non-Operating, Total -403.00 -462.00 -392.00 -395.00
Other Non-Operating Income (Expense) -148.00 24.00 -30.00 -57.00
Other, Net -148.00 24.00 -30.00 -57.00
Net Income Before Taxes 299.00 -986.00 1,688.00 1,869.00
Income Tax – Total 1,493.00 80.00 453.00 625.00
Income After Tax -1,194.00 -1,066.00 1,235.00 1,244.00
Minority Interest -- -- -- --
Equity In Affiliates -- -- -- --
Net Income Before Extraordinary Items -1,194.00 -1,066.00 1,235.00 1,244.00
Net Income -1,194.00 -1,066.00 1,235.00 1,244.00
Income Available to Common Excluding Extraordinary Items -1,194.00 -1,066.00 1,235.00 1,244.00
Income Available to Common Stocks Including Extraordinary Items -1,194.00 -1,066.00 1,235.00 1,244.00
Basic Weighted Average Shares 2,776.74 2,765.00 2,765.00 2,765.00
Basic EPS Excluding Extraordinary Items -0.43 -0.39 0.45 0.45
Basic EPS Including Extraordinary Items -0.43 -0.39 0.45 0.45
Dilution Adjustment -- -- -- --
Diluted Net Income -1,194.00 -1,066.00 1,235.00 1,244.00
Diluted Weighted Average Shares 2,776.74 2,765.00 2,765.00 2,765.00
Diluted EPS Excluding Extraordinary Items -0.43 -0.39 0.45 0.45
Diluted EPS Including Extraordinary Items -0.43 -0.39 0.45 0.45
DPS - Common Stock Primary Issue 0.00 0.11 0.39 0.45
Gross Dividends - Common Stock -- 318.00 1,076.00 1,243.00
Total Special Items 649.00 1,765.00 21.00 -107.00
Normalized Income Before Taxes 948.00 779.00 1,709.00 1,762.00
Effect of Special Items on Income Taxes 227.15 617.75 5.64 -35.78
Income Taxes Excluding Impact of Special Items 1,720.15 697.75 458.64 589.22
Normalized Income After Taxes -772.15 81.25 1,250.36 1,172.78
Normalized Income Available to Common -772.15 81.25 1,250.36 1,172.78
Basic Normalized EPS -0.28 0.03 0.45 0.42
Diluted Normalized EPS -0.28 0.03 0.45 0.42
Amortization of Intangibles, Supplemental 196.00 399.00 414.00 477.00
Depreciation, Supplemental 1,716.00 1,790.00 1,301.00 1,262.00
Interest Expense, Supplemental 378.00 396.00 341.00 358.00
Stock-Based Compensation, Supplemental -- -- -- --
Equity in Affiliates, Supplemental -2.00 -3.00 -5.00 -5.00
Minority Interest, Supplemental -- -- -- --
Gross Margin 82.50 83.63 83.04 83.58
Operating Margin 9.52 -5.88 21.55 23.02
Pretax Margin 3.35 -10.58 17.24 18.53
Effective Tax Rate 499.33 -- 26.84 33.44
Net Profit Margin -13.37 -11.44 12.62 12.34
Normalized EBIT 1,499.00 1,217.00 2,131.00 2,214.00
Normalized EBITDA 3,411.00 3,406.00 3,846.00 3,953.00
Current Tax - Domestic 391.00 311.00 438.00 437.00
Current Tax - Other -11.00 -24.00 54.00 -32.00
Current Tax - Total 380.00 287.00 492.00 405.00
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Other 1,113.00 -207.00 -39.00 220.00
Deferred Tax - Total -- -- -- --
Deferred Tax - Total 1,113.00 -207.00 -39.00 220.00
Domestic Tax - Other -- -- -- --
Income Tax - Total 1,493.00 80.00 453.00 625.00

In millions of USD (except for per share items)

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