Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 3,745.81 3,574.15 3,443.52 3,286.40
Revenue 3,745.81 3,574.15 3,443.52 3,286.40
Total Revenue 3,745.81 3,574.15 3,443.52 3,286.40
Cost of Revenue 1,691.30 1,486.46 1,442.07 1,410.21
Cost of Revenue, Total 1,691.30 1,486.46 1,442.07 1,410.21
Gross Profit 2,054.51 2,087.69 2,001.45 1,876.19
Selling/General/Administrative Expense 151.98 135.49 126.88 128.04
Selling/General/Administrative Expenses, Total 151.98 135.49 126.88 128.04
Depreciation 837.64 850.45 898.92 894.06
Depreciation/Amortization 837.64 850.45 898.92 894.06
Interest Expense - Operating -- -- -- --
Interest Expense, Net - Operating -- -- -- --
Investment Income - Operating -- -- -- --
Interest/Investment Income - Operating -- -- -- --
Interest Expense (Income), Net-Operating, Total -- -- -- --
Litigation -- -- -- --
Impairment-Assets Held for Use 82.00 37.50 -- --
Other Unusual Expense (Income) 88.80 11.29 27.41 117.36
Unusual Expense (Income) 170.80 48.79 27.41 117.36
Other Operating Expense -- -- -- --
Other Operating Expenses, Total -- -- -- --
Total Operating Expense 2,851.72 2,521.19 2,495.29 2,549.65
Operating Income 894.09 1,052.96 948.24 736.75
Interest Expense - Non-Operating -442.50 -453.04 -422.10 -368.79
Interest Capitalized - Non-Operating -- 4.84 2.36 1.67
Interest Expense, Net Non-Operating -442.50 -448.20 -419.74 -367.11
Investment Income, Non-Operating -55.03 -0.56 4.36 -1.42
Interest/Investment Income, Non-Operating -55.03 -0.56 4.36 -1.42
Interest Income (Expense), Net-Non-Operating, Total -497.53 -448.76 -415.38 -368.53
Other Non-Operating Income (Expense) -66.77 -20.05 -9.99 -17.96
Other, Net -66.77 -20.05 -9.99 -17.96
Net Income Before Taxes 329.79 584.15 522.87 350.26
Income Tax – Total -16.79 -18.59 -31.34 -39.28
Income After Tax 346.58 602.74 554.21 389.54
Minority Interest -6.51 -4.64 -2.26 -1.38
Net Income Before Extraordinary Items 340.07 598.10 551.95 388.16
Discontinued Operations 46.24 717.16 97.28 29.68
Extraordinary Item 23.16 41.21 -- --
Total Extraordinary Items 69.40 758.38 97.28 29.68
Net Income 409.47 1,356.47 649.23 417.84
Income Available to Common Excluding Extraordinary Items 340.07 598.10 551.95 388.16
Income Available to Common Stocks Including Extraordinary Items 409.47 1,356.47 649.23 417.84
Basic Weighted Average Shares 356.27 355.33 344.70 330.31
Basic EPS Excluding Extraordinary Items 0.95 1.68 1.60 1.18
Basic EPS Including Extraordinary Items 1.15 3.82 1.88 1.27
Dilution Adjustment -- -- -- 0.00
Diluted Net Income 409.47 1,356.47 649.23 417.84
Diluted Weighted Average Shares 359.30 358.57 348.39 334.01
Diluted EPS Excluding Extraordinary Items 0.95 1.67 1.58 1.16
Diluted EPS Including Extraordinary Items 1.14 3.78 1.86 1.25
DPS - Common Stock Primary Issue 3.16 3.10 2.92 3.10
Gross Dividends - Common Stock 1,129.63 1,109.47 1,024.97 1,003.41
Total Special Items 170.80 48.79 27.41 117.36
Normalized Income Before Taxes 500.59 632.94 550.28 467.61
Effect of Special Items on Income Taxes 59.78 17.08 9.59 41.07
Income Taxes Excluding Impact of Special Items 42.99 -1.51 -21.75 1.79
Normalized Income After Taxes 457.60 634.45 572.03 465.82
Normalized Income Available to Common 451.09 629.81 569.77 464.44
Basic Normalized EPS 1.27 1.77 1.65 1.41
Diluted Normalized EPS 1.26 1.76 1.64 1.39
Funds From Operations - REIT 1,308.15 1,512.89 1,440.54 1,365.41
Amortization of Intangibles, Supplemental 49.20 67.20 104.50 142.70
Depreciation, Supplemental 870.44 820.75 794.42 830.96
Interest Expense, Supplemental 442.50 448.20 419.74 367.11
Interest Capitalized, Supplemental -- -4.84 -2.36 -1.67
Stock-Based Compensation, Supplemental 29.96 26.54 20.96 19.54
Equity in Affiliates, Supplemental -55.03 -0.56 4.36 -1.42
Minority Interest, Supplemental -6.51 -4.64 -2.26 -1.38
Audit-Related Fees, Supplemental 3.99 3.89 3.60 3.49
Audit-Related Fees 0.00 0.00 0.00 0.00
Tax Fees, Supplemental 0.00 0.00 0.05 0.00
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 54.85 58.41 58.12 57.09
Operating Margin 23.87 29.46 27.54 22.42
Pretax Margin 8.80 16.34 15.18 10.66
Effective Tax Rate -5.09 -3.18 -5.99 -11.22
Net Profit Margin 9.08 16.73 16.03 11.81
Normalized EBIT 1,064.89 1,101.75 975.65 854.10
Normalized EBITDA 1,984.53 1,989.70 1,874.57 1,827.76
Current Tax - Domestic -2.95 -5.67 -2.99 0.14
Current Tax - Foreign 1.89 2.31 1.07 0.95
Current Tax - Local 1.33 1.12 1.24 1.45
Current Tax - Total 0.27 -2.25 -0.68 2.54
Deferred Tax - Domestic -9.33 -13.18 -19.54 -25.96
Deferred Tax - Foreign -6.91 -6.39 -7.49 -12.81
Deferred Tax - Local -0.83 3.24 -3.63 -3.05
Deferred Tax - Total -17.06 -16.34 -30.66 -41.83
Income Tax - Total -16.79 -18.59 -31.34 -39.28
Defined Contribution Expense - Domestic 1.50 1.40 1.30 1.23
Total Pension Expense 1.50 1.40 1.30 1.23
FFO per Share (Diluted) 4.07 4.16 4.13 4.09
Funds Available for Distribution (FAD) 1,284.27 1,327.93 1,268.72 1,195.70
Net Operating Income (NOI) 516.38 2,081.65 2,000.57 1,875.14
Average Rent per Square Meter 344.45 344.45 -- --

In millions of USD (except for per share items)

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