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Income Statement

Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 2.62M 2.27M 2.54M 2.81M
Revenue 2.62M 2.27M 2.54M 2.81M
Total Revenue 2.62M 2.27M 2.54M 2.81M
Cost of Revenue 1.74M 1.49M 1.69M 1.86M
Cost of Revenue, Total 1.74M 1.49M 1.69M 1.86M
Gross Profit 880.33 789.30 841.14 949.30
Selling/General/Administrative Expense 501.56 397.12 424.67 490.32
Advertising Expense
Selling/General/Administrative Expenses, Total 501.56 397.12 424.67 490.32
Research & Development 47.90 44.72 47.18 43.26
Investment Income - Operating -11.94 24.84 24.90 11.92
Interest/Investment Income - Operating -11.94 24.84 24.90 11.92
Interest Expense (Income), Net-Operating, Total -11.94 24.84 24.90 11.92
Other Unusual Expense (Income) -34.91 34.35 162.70 30.05
Unusual Expense (Income) -34.91 34.35 162.70 30.05
Total Operating Expense 2.25M 1.99M 2.35M 2.44M
Operating Income 377.71 288.27 181.70 373.75
Interest Expense - Non-Operating -24.22 -19.08 -21.82 -10.43
Interest Expense, Net Non-Operating -24.22 -19.08 -21.82 -10.43
Interest Income, Non-Operating 4.79 2.09 2.71 3.09
Investment Income, Non-Operating 2.74 2.93 3.02 5.41
Interest/Investment Income, Non-Operating 7.53 5.02 5.73 8.51
Interest Income (Expense), Net-Non-Operating, Total -16.69 -14.06 -16.10 -1.93
Other Non-Operating Income (Expense) 5.22 3.17 4.18 4.00
Other, Net 5.22 3.17 4.18 4.00
Net Income Before Taxes 366.24 277.39 169.79 375.81
Income Tax – Total 90.24 79.02 42.38 121.93
Income After Tax 276.00 198.37 127.41 253.88
Minority Interest 0.03 0.03 0.07 0.81
Net Income Before Extraordinary Items 276.03 198.40 127.48 254.69
Extraordinary Item -28.52
Total Extraordinary Items -28.52
Net Income 247.50 198.40 127.48 254.69
Income Available to Common Excluding Extraordinary Items 276.03 198.40 127.48 254.69
Income Available to Common Stocks Including Extraordinary Items 247.50 198.40 127.48 254.69
Basic Weighted Average Shares 65.74 67.46 74.11 79.19
Basic EPS Excluding Extraordinary Items 4.20 2.94 1.72 3.22
Basic EPS Including Extraordinary Items 3.76 2.94 1.72 3.22
Dilution Adjustment
Diluted Net Income 247.50 198.40 127.48 254.69
Diluted Weighted Average Shares 66.64 68.16 74.85 80.10
Diluted EPS Excluding Extraordinary Items 4.14 2.91 1.70 3.18
Diluted EPS Including Extraordinary Items 3.71 2.91 1.70 3.18
DPS - Common Stock Primary Issue 1.40 1.28 1.16 0.92
Gross Dividends - Common Stock 87.81 88.17 87.81 76.97
(Gain) Loss on Sale of Assets, Supplemental 6.32 3.93
Impairment-Assets Held for Use, Supplemental 6.32 32.74
Other Unusual Expense (Income), Supplemental 13.72 22.37
Non-Recurring Items, Total 26.35 59.05
Total Special Items -34.91 34.35 189.05 89.10
Normalized Income Before Taxes 331.33 311.74 358.83 464.91
Effect of Special Items on Income Taxes -8.60 9.78 47.18 28.91
Income Taxes Excluding Impact of Special Items 81.64 88.80 89.56 150.84
Normalized Income After Taxes 249.69 222.94 269.28 314.07
Normalized Income Available to Common 249.72 222.96 269.34 314.88
Basic Normalized EPS 3.80 3.31 3.63 3.98
Diluted Normalized EPS 3.75 3.27 3.60 3.93
Amortization of Intangibles, Supplemental 15.67 14.53 13.30 13.87
Depreciation, Supplemental 52.44 50.55 50.71 55.74
Interest Expense, Supplemental 24.22 19.08 21.82 10.43
Rental Expense, Supplemental 20.45 16.90 16.70 18.10
Stock-Based Compensation, Supplemental 12.70 10.33 7.93 8.42
Advertising Expense, Supplemental
Equity in Affiliates, Supplemental 2.74 2.93 3.02 5.41
Minority Interest, Supplemental 0.03 0.03 0.07 0.81
Research & Development Expense, Supplemental 47.90 44.72 47.18 43.26
Audit-Related Fees, Supplemental 3.47 3.08 3.14 3.35
Audit-Related Fees 0.01 0.01 0.09 0.28
Tax Fees, Supplemental 0.24 0.18 0.12 0.15
All Other Fees Paid to Auditor, Supplemental -- -- -- --
Gross Margin 33.54 34.70 33.17 33.74
Operating Margin 14.39 12.67 7.17 13.28
Pretax Margin 13.95 12.19 6.70 13.36
Effective Tax Rate 24.64 28.49 24.96 32.45
Net Profit Margin 10.52 8.72 5.03 9.05
Normalized EBIT 330.87 347.46 395.64 474.77
Normalized EBITDA 398.98 412.53 459.65 544.38
Current Tax - Domestic 46.13 57.09 60.50 71.60
Current Tax - Foreign 25.75 23.34 28.05 24.21
Current Tax - Local 7.64 8.39 9.56 8.24
Current Tax - Total 79.51 88.82 98.10 104.05
Deferred Tax - Domestic 10.14 -1.72 -47.90 15.18
Deferred Tax - Foreign -0.08 -8.26 -3.36 1.37
Deferred Tax - Local 0.67 0.17 -4.46 1.34
Deferred Tax - Total 10.73 -9.81 -55.73 17.89
Income Tax - Total 90.24 79.02 42.38 121.93
Interest Cost - Domestic 22.75 23.58 36.00 42.49
Service Cost - Domestic 3.29 17.69 19.93 19.06
Prior Service Cost - Domestic 0.02 -0.39 -0.63 -0.62
Expected Return on Assets - Domestic -35.80 -35.72 -54.64 -67.95
Actuarial Gains and Losses - Domestic 4.01 9.89 19.41 17.64
Curtailments & Settlements - Domestic 8.25 -1.06 142.74 1.77
Domestic Pension Plan Expense 2.52 13.99 162.82 12.40
Defined Contribution Expense - Domestic 25.29 8.36 10.91 12.16
Total Pension Expense 27.80 22.35 173.73 24.55
Discount Rate - Domestic 4.20 4.50 4.00 4.70
Expected Rate of Return - Domestic 6.00 6.10 6.30 7.30
Compensation Rate - Domestic 2.50 2.70 2.70 4.10
Total Plan Interest Cost 22.75 23.58 36.00 42.49
Total Plan Service Cost 3.29 17.69 19.93 19.06
Total Plan Expected Return -35.80 -35.72 -54.64 -67.95

For a more complete picture of our financial results, please review our SEC Filings

In millions of USD (except for per share items)

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