Company Fundamentals - Valuation

Company Name Kuala Lumpur Kepong Bhd (KLKK.KL)

Country of Exchange Malaysia
Country of Headquarters Malaysia
TRBC Industry Group Chemicals
CF Template IND
Consolidation Basis Consolidated
Scaling Millions
Period Annual
Export Date 05-08-2023
Statement Data 2022 2021 2020 2019
Period End Date 30-09-2022 30-09-2021 30-09-2020 30-09-2019
Standardized Currency MYR MYR MYR MYR
Valuation - Standardized (Currency: Malaysian Ringgit)
Field Name 30-09-2022 30-09-2021 30-09-2020 30-09-2019
Enterprise Value
Enterprise Value 30,853 29,562 28,345 28,383
Enterprise Value, 5 Year Average 29,495 29,229 29,116 28,681
Market Capitalization
Market Capitalization 22,377 21,750 24,647 24,638
Market Capitalization, 5 Year Average 24,011 24,780 25,549 25,253
Price Close
Price Close (End of Period) 20.70 20.12 22.80 23.08
Price Close (End of Period), 5 Year Average 22.33 23.10 23.88 23.66
FOCF Yield
Free Cash Flow Yield - % 6.6% 1.1% 2.3% 2.5%
Free Cash Flow Yield - %, 5 Year Average 2.8% 2.2% 1.6% 0.9%
Dividend Yield
Dividend Yield - Common Stock - Net - Issue Specific - % 4.8% 2.7% 2.2% 2.0%
Dividend Yield - Common Stock - Net - Issue Specific - %, 5 Year Average 2.7% 2.2% 2.0% 2.1%
Dividend Yield - Common Stock - Gross - Issue Specific - % 4.8% 2.7% 2.2% 2.0%
Dividend Yield - Common Stock - Gross - Issue Specific - %, 5 Year Average 2.7% 2.2% 2.0% 2.1%
Price to Book
Price to Book Value per Share - Issue Specific 1.56 1.83 2.27 2.37
Price to Book Value per Share - Issue Specific, 5 Year Average 2.05 2.22 2.34 2.37
Price to Tangible Book
Price to Tangible Book Value per Share 1.60 1.88 2.35 2.45
Price to Tangible Book Value per Share, 5 Year Average 2.11 2.29 2.42 2.45
Price to Sales
Price to Revenue from Business Activities - Total per Share 0.82 1.09 1.57 1.58
Price to Revenue from Business Activities - Total per Share, 5 Year Average 1.24 1.37 1.46 1.48
Price to FOCF
Price to Free Cash Flow per Share 15.20 88.95 44.08 39.80
Price to Free Cash Flow per Share, 5 Year Average 36.09 45.92 62.77 116.2
Price to CF Per Share
Price to Cash Flow per Share 6.62 7.03 16.60 20.23
Price to Cash Flow per Share, 5 Year Average 11.61 14.55 16.86 17.14
Price to Diluted EPS
Price to EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total 10.30 9.61 31.67 39.80
Price to EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total, 5 Year Average 18.69 23.53 27.69 26.83
Price to Normalized Diluted EPS
Price to EPS - Diluted - excluding Extraordinary Items - Normalized - Total 10.00 10.95 32.34 32.36
Price to EPS - Diluted - excluding Extraordinary Items - Normalized - Total, 5 Year Average 2.05 2.22 2.34 2.37
PEG Ratio
PE Growth Ratio -2.57 0.05 1.31 29.77
PE Growth Ratio, 5 Year Average 1.15 3.38 -11.11 -2.97
EV to Sales
Enterprise Value to Revenue from Business Activities - Total 1.14 1.48 1.82 1.83
Enterprise Value to Revenue from Business Activities - Total, 5 Year Average 1.53 1.62 1.67 1.69
EV to EBITDA
Enterprise Value to Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 7.13 8.38 14.02 18.37
Enterprise Value to Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA), 5 Year Average 11.24 13.42 15.04 15.45
EV to CFO
Enterprise Value to Net Cash Flow from Operating Activities 11.24 23.69 19.61 22.38
Enterprise Value to Net Cash Flow from Operating Activities, 5 Year Average 19.03 22.39 21.79 24.69
EV to FOCF
Enterprise Value to Free Cash Flow 21.02 121.2 51.06 45.96
Enterprise Value to Free Cash Flow, 5 Year Average 44.42 54.40 71.73 132.3
Company Fundamentals - Balance Sheet
Company Name Kuala Lumpur Kepong Bhd (KLKK.KL)
Country of Exchange Malaysia
Country of Headquarters Malaysia
TRBC Industry Group Chemicals
CF Template IND
Consolidation Basis Consolidated
Scaling Millions
Period Annual
Export Date 05-08-2023
Statement Data 2022 2021 2020 2019
Period End Date 30-09-2022 30-09-2021 30-09-2020 30-09-2019
Standardized Currency MYR MYR MYR MYR
Balance Sheet - Standardized (Currency: Malaysian Ringgit)
Field Name 30-09-2022 30-09-2021 30-09-2020 30-09-2019
Current Assets
Cash & Short-Term Investments 2,851.6 3,459.4 3,872.9 3,699.8
Cash & Cash Equivalents 2,006.2 1,983.0 1,942.5 1,711.8
Short-Term Investments - Total 845.4 1,476.4 1,930.5 1,988.0
Derivative Financial Instruments - Hedging - Short-Term 545.3 162.5 98.31 33.97
Loans & Receivables - Net - Short-Term 2,695.8 2,760.5 2,042.1 2,081.9
Trade Accounts & Trade Notes Receivable - Net 1,911.7 1,965.4 1,259.2 1,225.4
Trade Accounts & Trade Notes Receivable - Gross 1,936.0 2,014.6 1,307.3 1,273.0
Provision - Trade Accounts & Trade Notes Receivable 24.29 49.21 48.06 47.58
Income Tax - Receivables - Short-Term 308.2 256.8 225.4 326.8
Receivables - Other - Total 475.9 538.3 557.5 529.7
Inventories - Total 4,233.5 3,201.2 2,099.8 2,222.4
Inventories - Raw Materials 4,024.2 2,991.0 1,972.9 2,124.1
Inventories - Other - Total 209.3 210.2 126.9 98.26
Biological Assets - Short-Term 209.3 210.2 126.9 98.26
Prepaid Expenses - Short-Term 135.7 101.3 98.31 71.88
Other Current Assets - Total 43.02 338.0 62.25 23.91
Other Current Assets 43.02 338.0 62.25 23.91
Total Current Assets 10,505 10,023 8,273.7 8,133.8
Non-Current Assets
Investments - Long-Term 595.7 599.0 416.2 412.0
Investments - Available for Sale/Held to Maturity - Long-Term 595.7 599.0 416.2 412.0
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries 2,583.0 1,957.5 1,690.7 1,646.0
Receivables & Loans - Long-Term 425.9 444.4 228.3 234.0
Receivables - Other - Net - Long-Term 425.9 444.4 228.3 234.0
Property, Plant & Equipment - Net - Total 15,453 14,367 9,621.1 8,857.4
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 15,453 14,367 9,621.1 8,857.4
Land & Buildings - Net 2,045.3 2,023.0 1,694.7 1,671.9
Land/Improvements - Net 993.3 1,000.1 945.0 904.2
Buildings - Net 1,052.0 1,022.9 749.7 767.7
Plant, Machinery & Equipment - Net 2,827.3 2,940.6 2,734.3 2,822.4
Transportation Equipment - Net 115.9 106.0 77.88 82.12
Construction in Progress - Net 877.9 416.8 266.2 171.6
Property, Plant & Equipment - Under Capital Lease - Net 0 171.5
Right of Use Tangible Assets - Total - Net 1,338.5 1,316.6 868.4
Right of Use Tangible Assets - Capital/Finance Lease - Net 1,338.5 1,316.6 868.4
Property, Plant & Equipment - Other - Net 8,364.5 7,669.8 4,057.6 4,020.1
Natural Resources/Biological Assets - Net 5,856.3 5,094.4 2,798.1 2,744.0
Property, Plant & Equipment - Gross - Total 22,448 20,585 15,397 14,271
Property, Plant & Equipment - excluding Assets Leased Out - Gross 22,448 20,585 15,397 14,271
Land & Buildings - Gross 2,928.1 2,810.2 2,434.3 2,361.3
Land/Improvements - Gross 993.3 1,000.1 945.0 904.2
Buildings - Gross 1,934.8 1,810.2 1,489.3 1,457.1
Plant, Machinery & Equipment - Gross 6,511.6 6,295.7 5,931.8 5,732.9
Transportation Equipment - Gross 483.8 443.0 409.0 425.8
Construction in Progress - Gross 877.9 416.8 266.2 171.6
Property, Plant & Equipment - Under Capital Lease - Gross 0 251.2
Right of Use Tangible Assets - Total - Gross 1,338.5 1,316.6 868.4
Right of Use Tangible Assets - Capital/Finance Lease - Gross 1,338.5 1,316.6 868.4
Property, Plant & Equipment - Other - Gross 10,792 9,745.6 5,896.7 5,753.9
Natural Resources/Biological Assets - Gross 7,800.3 6,781.5 4,262.8 4,127.4
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 6,994.3 6,218.2 5,776.3 5,413.3
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total 6,994.3 6,218.2 5,776.3 5,413.3
Land & Buildings - Accumulated Depreciation & Impairment 882.8 787.2 739.6 689.3
Land/Improvements - Accumulated Depreciation & Impairment 0 0 0 0
Buildings - Accumulated Depreciation & Impairment 882.8 787.2 739.6 689.3
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment 3,684.4 3,355.2 3,197.6 2,910.5
Transportation Equipment - Accumulated Depreciation & Impairment 367.8 337.1 331.1 343.7
Construction in Progress - Accumulated Depreciation & Impairment 0 0 0 0
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment 0 79.68
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment 2,427.1 2,075.8 1,839.1 1,733.8
Natural Resources/Biological Assets - Accumulated Depreciation & Impairment 1,944.0 1,687.1 1,464.7 1,383.4
Other Non-Current Assets - Total 322.3 338.7 367.8 777.3
Deferred Tax - Asset - Long-Term 322.3 338.7 367.8 437.0
Deferred Charges - Long-Term 0 340.3
Intangible Assets - Total - Net 353.4 348.3 348.7 338.9
Goodwill/Cost in Excess of Assets Purchased - Net 336.2 327.4 326.4 316.8
Intangible Assets - excluding Goodwill - Net - Total 17.14 20.91 22.32 22.08
Total Non-Current Assets 19,734 18,055 12,673 12,266
Total Assets
Total Assets 30,239 28,077 20,946 20,399
Current Liabilities
Trade Accounts Payable & Accruals - Short-Term 1,582.8 1,479.6 943.4 924.2
Trade Accounts & Trade Notes Payable - Short-Term 1,000.5 879.7 490.5 517.9
Accrued Expenses - Short-Term 582.3 599.9 452.9 406.3
Short-Term Debt & Current Portion of Long-Term Debt 2,195.9 3,177.5 1,343.3 1,349.0
Short-Term Debt & Notes Payable 1,796.5 1,825.9 1,227.8 1,222.4
Current Portion of Long-Term Debt including Capitalized Leases 399.4 1,351.6 115.5 126.6
Current Portion of Long-Term Debt excluding Capitalized Leases 376.9 1,326.6 83.07 126.6
Capitalized Leases - Current Portion 22.51 24.98 32.44
Derivative Liabilities - Hedging - Short-Term 544.3 238.2 97.45 20.56
Income Taxes - Payable - Short-Term 165.3 229.9 45.76 65.50
Other Current Liabilities - Total 659.7 1,375.0 357.2 510.2
Deferred Income - Short-Term 146.8 129.2 93.95 99.44
Other Current Liabilities 513.0 1,245.8 263.3 410.8
Total Current Liabilities 5,148.1 6,500.1 2,787.1 2,869.5
Non-Current Liabilities
Debt - Long-Term - Total 7,367.2 5,746.3 5,250.3 5,169.8
Long-Term Debt excluding Capitalized Leases 7,208.9 5,612.9 5,110.4 5,169.8
Debt - Non-Convertible - Long-Term 7,208.9 5,612.9 5,110.4 5,169.8
Capitalized Lease Obligations - Long-Term 158.3 133.5 139.9
Deferred Tax & Investment Tax Credits - Long-Term 1,098.7 966.0 452.7 424.6
Deferred Tax - Liability - Long-Term 1,098.7 966.0 452.7 424.6
Other Non-Current Liabilities - Total 572.8 658.0 652.1 648.8
Provisions - Long-Term 482.6 559.6 545.6 538.5
Post Employment Benefits - Pension & Other - Long-Term 482.6 559.6 545.6 538.5
Deferred Revenue - Long-Term 90.15 98.47 106.6 110.3
Total Non-Current Liabilities 9,038.6 7,370.3 6,355.1 6,243.2
Total Liabilities
Total Liabilities 14,187 13,870 9,142.2 9,112.7
Shareholders' Equity
Shareholders' Equity - Attributable to Parent Shareholders - Total 14,287 11,859 10,827 10,360
Common Equity Attributable to Parent Shareholders 14,287 11,859 10,827 10,360
Common Stock - Treasury/Repurchased 24.50 26.81 13.45 13.45
Common Equity - Contributed 1,379.3 1,375.7 1,373.9 1,067.8
Common Stock - Issued & Paid 1,379.3 1,375.7 1,373.9 1,067.8
Equity - Non-Contributed - Reserves & Retained Earnings 12,932 10,510 9,466.7 9,306.1
Retained Earnings - Total 11,768 10,588 8,860.4 8,676.9
Comprehensive Income - Accumulated - Total 1,163.8 857.1 606.3 629.1
Investments - Unrealized Gain/Loss 750.9 743.8 610.6 633.5
Foreign Currency Translation Adjustment - Accumulated 412.9 113.4 -4.32 -4.40
Other Reserves/Equity - Total 0 -935.1
Common Equity - Total 14,287 11,859 10,827 10,360
Minority Interest - Equity 1,764.8 2,347.8 977.0 926.3
Total Shareholders' Equity
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 16,052 14,207 11,804 11,287
Total Liabilities & Shareholders' Equity
Total Liabilities & Equity 30,239 28,077 20,946 20,399
Share/Per Share - Common
Common Shares - Issued - Total 1,081.0 1,081.0 1,081.0 1,067.5
Common Shares - Outstanding - Total 1,078.2 1,077.9 1,078.5 1,065.0
Common Shares - Treasury - Total 2.86 3.13 2.54 2.54
Common Shares - Issued - Issue Specific 1,081.0 1,081.0 1,081.0 1,067.5
Common Shares - Outstanding - Issue Specific 1,078.2 1,077.9 1,078.5 1,065.0
Common Shares - Treasury - Issue Specific 2.86 3.13 2.54 2.54
Share/Per Share - Other
Asset Allocation Factor - Issue Specific 1.00 1.00 1.00 1.00
Right of Use Tangible Assets
Right of Use Tangible Assets - Total - Net - Supplemental 1,338.5 1,316.6 868.4
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 1,338.5 1,316.6 868.4
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net 14,115 13,050 8,752.6 8,685.9
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross 15,397 14,020
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation 5,776.3 5,333.7
Right of Use Liabilities
Finance and Operating Lease Liabilities - Total 180.8 158.4 172.3
Debt including Finance and Operating Lease Liabilities 9,563.1 8,923.8 6,593.6 6,518.8
Long-Term & Short-Term
Derivative Financial Instruments - Hedging - Total 545.3 162.5 98.31 33.97
Investments - Total 1,441.1 2,075.3 2,346.6 2,399.9
Loans & Receivables - Total 3,121.7 3,204.9 2,270.3 2,315.9
Accounts & Notes Receivable - Trade - Gross - Total 1,936.0 2,014.6 1,307.3 1,273.0
Other Assets - Total 365.3 676.7 430.0 801.2
Income Taxes - Payable - Long-Term & Short-Term 165.3 229.9 45.76 65.50
Payables & Accrued Expenses 1,582.8 1,479.6 943.4 924.2
Trade Account Payables - Total 1,000.5 879.7 490.5 517.9
Accrued Expenses 582.3 599.9 452.9 406.3
Derivative Liabilities - Hedging 544.3 238.2 97.45 20.56
Contract Assets - Short-Term - Unbilled Revenue in Excess of Advance Consideration & Progress Billings 83.19 7.45 10.28 14.87
Debt Related
Net Debt 6,711.6 5,464.4 2,720.7 2,819.0
Debt - Total 9,563.1 8,923.8 6,593.6 6,518.8
Islamic
Islamic Debt - Long-Term & Short-Term 5,600.0 4,600.0 4,600.0 4,600.0
Other
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 138.1 120.6 85.53 91.24
Minority Interest - Total 1,764.8 2,347.8 977.0 926.3
Accruals - Short-Term 3,350.5 1,539.8 3,544.1 3,552.5
Asset Accruals 27,470 25,323 18,449 18,137
Cash & Cash Equivalents - Total 2,006.2 1,983.0 1,942.5 1,711.8
Cash & Short Term Investments - Total 2,851.6 3,459.4 3,872.9 3,699.8
Debt - including Preferred Equity & Minority Interest - Total 11,328 11,272 7,570.6 7,445.1
Investments - Permanent 3,178.7 2,556.5 2,106.9 2,058.0
Net Book Capital 22,763 19,671 14,525 14,106
Net Operating Assets 22,763 19,671 14,525 14,106
Provisions - Total 1,581.3 1,525.5 998.3 963.1
Shareholders Equity - Common 14,287 11,859 10,827 10,360
Tangible Total Equity 15,698 13,859 11,455 10,948
Tangible Book Value 13,934 11,511 10,478 10,021
Total Book Capital 23,850 20,783 17,421 16,879
Total Capital 25,615 23,131 18,398 17,805
Total Long Term Capital 25,090 21,577 18,159 17,530
Total Fixed Assets - Net 18,972 17,283 12,118 11,715
Unearned Revenue - Total 236.9 227.7 200.5 209.8
Working Capital 5,356.7 3,522.8 5,486.6 5,264.3
Working Capital - Non-Cash 2,505.1 63.39 1,613.6 1,564.5
Working Capital excluding Other Current Assets & Liabilities 5,973.4 4,559.8 5,781.5 5,750.6
Book Value excluding Other Equity 14,287 12,794 10,827 10,360
Shareholders
Common Shareholders - Number 6,102.0 5,097.0 5,070.0
Operating Lease Maturity
Operating Lease Payments - Total 270.1
Operating Lease Payments - Due in Year 1 36.42
Operating Lease Payments - Due in Year 5 113.5
Operating Lease Payments - Remaining Maturities 120.1
Operating Lease Payments - Due in Year 6 & Beyond 120.1
Employees
Employees - Full-Time/Full-Time Equivalents - Period End 43,000 40,000 40,000 40,000
Employees - Full-Time/Full-Time Equivalents - Current Date 43,000 40,000 40,000 40,000
Company Fundamentals - Income Statement
Company Name Kuala Lumpur Kepong Bhd (KLKK.KL)
Country of Exchange Malaysia
Country of Headquarters Malaysia
TRBC Industry Group Chemicals
CF Template IND
Consolidation Basis Consolidated
Scaling Millions
Period Annual
Export Date 05-08-2023
Statement Data 2022 2021 2020 2019
Period End Date 30-09-2022 30-09-2021 30-09-2020 30-09-2019
Standardized Currency MYR MYR MYR MYR
Income Statement - Standardized (Currency: Malaysian Ringgit)
Field Name 30-09-2022 30-09-2021 30-09-2020 30-09-2019
Revenues
Revenue from Goods & Services 27,007 19,778 15,416 15,534
Sales of Goods & Services - Net - Unclassified 27,007 19,778 15,416 15,534
Revenue from Financing-Related Operations 142.1 137.9 179.8
Business-Related Financing Revenue - Other 142.1 137.9 179.8
Revenue from Business Activities - Total 27,149 19,916 15,596 15,534
Operating Expenses
Cost of Operating Revenue 22,175 16,494 13,526 13,858
Cost of Revenues - Total 22,175 16,494 13,526 13,858
Cost of Revenues - Unclassified 22,173 16,494
Amortization in Cost of Revenues 2.19 0.03
Gross Profit - Industrials/Property - Total 4,974.8 3,421.8 2,070.2 1,675.5
Selling, General & Administrative Expenses - Total 1,301.8 1,027.1 752.0 751.5
Selling, General & Administrative Expenses - Unclassified 1,312.2 1,024.4 748.2 748.0
Amortization of Intangibles in Selling, General & Administrative Expenses 1.54 3.89 3.84 3.50
Selling, General & Administrative Expenses - Other - Total -11.96 -1.22
Provision for Doubtful Accounts & Write-off -11.96 -1.22
Other Operating Expense/(Income) - Net 279.0 -500.1 -86.58 -57.00
Other Operating Income - Total 468.8 814.2 333.0 340.3
Other Operating Expense 747.9 314.2 246.4 283.3
Operating Expenses - Total 23,756 17,021 14,191 14,553
Operating Profit
Operating Profit before Non-Recurring Income/Expense 3,394.0 2,894.7 1,404.8 981.0
Non-Operating Expenses
Financing Income/(Expense) - Net - Total -358.1 -237.7 -242.6 -165.7
Interest Expense - Net of (Interest Income) 358.1 237.7 242.6 97.88
Interest Income - Non-Bank 67.79
Interest Expense - Net of Capitalized Interest 358.1 237.7 242.6 165.7
Non-Interest Financial Income/(Expense) - Total -67.79
Non-Interest Financial Income/(Expense) - Other - Net -67.79
Sale of Tangible & Intangible Fixed Assets - Gain/(Loss) 9.34 162.8 86.45 95.79
Other Non-Operating Income/(Expense) - Total 56.11 -438.3 -102.6 46.32
Non-Recurring Adjustments - Non-Operating- Decrease/(Increase) 65.44 -275.6 -16.16 142.1
Supplementary Adjustments - Non-Operating- Decrease/(Increase) -9.34 -162.8 -86.45 -95.79
Normalized Pre-tax Profit 3,101.3 2,381.5 1,146.0 957.5
Non-Recurring Income/Expense
Non-Recurring Income/(Expense) - Total -65.44 275.5 16.16 -142.1
Impairment - Tangible & Intangible Fixed Assets 50.11 96.85 15.00 101.7
Impairment - Fixed Assets 50.11 96.85 15.00 101.7
Impairment - Financial Investments 0 0.04 0.31
Fair Value Adjustments - Biological Assets -15.34 48.16 31.47 -2.17
Fair Value Adjustments - Financial Investments 0 324.3
Pre-Tax Income
Income before Taxes 3,035.9 2,657.0 1,162.2 815.4
Taxes
Income Taxes 781.1 524.4 328.7 173.2
Income Taxes for the Year - Current 798.0 462.7 252.4 196.5
Income Taxes - Domestic - Current 361.3 186.0 113.7 89.53
Income Taxes - Foreign - Current 436.7 276.7 138.7 106.9
Income Taxes - Deferred -14.52 57.29 82.33 -16.68
Income Taxes - Domestic - Deferred -3.89 63.05 48.97 -15.29
 Income Taxes - Other - Deferred -10.63 -5.76 33.36 -1.39
Income Taxes - Other (by Type) -2.35 4.42 -6.04 -6.58
Net Income After Tax
Net Income after Tax 2,254.7 2,132.6 833.5 642.2
After Tax Income/Expense
Equity in Earnings/(Loss) of Affiliates (after Taxes) 183.6 319.4 23.58 8.57
Income before Discontinued Operations & Extraordinary Items 2,438.4 2,452.1 857.1 650.7
Net Income before Minority Interest 2,438.4 2,452.1 857.1 650.7
Minority Interest 272.1 194.5 84.45 33.23
Net Income after Minority Interest 2,166.3 2,257.6 772.6 617.5
Net Income
Income Available to Common Shares 2,166.3 2,257.6 772.6 617.5
Other Comprehensive Income
Other Comprehensive Income - Starting Line 2,438.4 2,452.1 857.1 650.7
Other Comprehensive Income - Foreign Currency 182.7 193.7 -24.89 40.58
Other Comprehensive Income - Unrealized Investment Gain/(Loss) 119.9 134.5 -21.86 -868.3
Other Comprehensive Income - Associated Companies 63.42 2.47 -19.23
Other Comprehensive Income - Pension Related 70.76 -3.63 10.81 -46.21
Other Comprehensive Income - Net of Tax - Total 436.8 327.0 -55.17 -873.9
Comprehensive Income before Minority Interest - Total 2,875.2 2,779.1 801.9 -223.2
Comprehensive Income - Attributable to Minority Interest - Total 266.8 207.3 73.96 38.48
Comprehensive Income - Attributable to Parent Company Equity Holders - Total 2,608.4 2,571.8 727.9 -261.6
Share/Per Share - Basic
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 2,166.3 2,257.6 772.6 617.5
Income available to Common excluding Extraordinary Items 2,166.3 2,257.6 772.6 617.5
Shares used to calculate Basic EPS - Total 1,078.1 1,078.4 1,073.1 1,065.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total 2.01 2.09 0.72 0.58
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total 2.01 2.09 0.72 0.58
EPS - Basic - excluding Extraordinary Items - Normalized - Total 2.07 1.84 0.70 0.71
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 2,166.3 2,257.6 772.6 617.5
Earnings Allocation Factor - Basic - Issue Specific 1.00 1.00 1.00 1.00
Shares used to calculate Basic EPS - Issue Specific 1,078.1 1,078.4 1,073.1 1,065.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific 2.01 2.09 0.72 0.58
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific 2.01 2.09 0.72 0.58
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific 2.07 1.84 0.70 0.71
EPS - Basic from Discontinued Operations & Extraordinary Items 0 0 0 0
Comprehensive Earnings Per Share - Basic - Issue Specific 2.42 2.38 0.68 -0.25
Share/Per Share - Diluted
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 2,166.3 2,257.6 772.6 617.5
Diluted Income available to Common excluding Extraordinary Items 2,166.3 2,257.6 772.6 617.5
Shares used to calculate Diluted EPS - Total 1,078.1 1,078.4 1,073.1 1,065.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total 2.01 2.09 0.72 0.58
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total 2.01 2.09 0.72 0.58
EPS - Diluted - excluding Extraordinary Items - Normalized - Total 2.07 1.84 0.70 0.71
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 2,166.3 2,257.6 772.6 617.5
Earnings Allocation Factor - Diluted - Issue Specific 1.00 1.00 1.00 1.00
Shares used to calculate Diluted EPS - Issue Specific 1,078.1 1,078.4 1,073.1 1,065.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific 2.01 2.09 0.72 0.58
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific 2.01 2.09 0.72 0.58
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific 2.07 1.84 0.70 0.71
EPS - Diluted from Discontinued Operations & Extraordinary Items 0 0 0 0
Comprehensive Earnings Per Share - Diluted - Issue Specific 2.42 2.38 0.68 -0.25
Share/Per Share - Dividends
DPS - Common - Gross - Issue - By Announcement Date 1.00 0.55 0.50 0.45
DPS - Common - Net - Issue - By Announcement Date 1.00 0.55 0.50 0.45
EBIT/EBITDA & related
Earnings before Interest & Taxes (EBIT) 3,394.0 2,894.7 1,404.8 981.0
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 4,324.7 3,528.4 2,021.2 1,545.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments 2,021.2 1,614.5
Depreciation/Amortization - Income Statement
Depreciation & Amortization - Supplemental 930.7 633.7 616.5 564.1
Depreciation Expense - Total - Supplemental 927.0 629.7 612.6 548.1
Depreciation - Fin Lease Right-of-Use Assets - Total - Suppl 59.22 49.38 47.74
Amortization - Total - Supplemental 3.73 3.92 3.84 16.00
Intangible Amortization - Other - Supplemental 3.73 3.92 3.84 3.50
Amortization of Brands, Patents, Trademarks, Marketing & Artistic Intangibles - Supplemental 3.73 3.92 3.84 3.50
 Amortization of Deferred Costs - Supplemental 0 12.50
Depreciation/Amortization - Total
Depreciation, Depletion & Amortization - Total 930.7 633.7 616.5 564.1
Depreciation - Total 927.0 629.7 612.6 548.1
Amortization of Intangible Assets excluding Goodwill - Total 3.73 3.92 3.84 3.50
Amortization of Deferred Charges - Total 0 12.50
Research & Development
Research & Development Expense - Expensed & Capitalized - Total - Supplemental 19.41 16.66 15.73 17.17
Research & Development Expense - Supplemental 19.41 16.66 15.73 17.17
Labor & Related Expenses
Labor & Related Expenses - Total 1,886.7 1,506.4 1,408.6 1,357.3
Labor & Related Expenses - Supplemental 1,886.7 1,506.4 1,408.6 1,357.3
Auditor Fees
Auditor Fees 3.86 3.56 3.40 0.84
Audit-Related Fees 1.31 0.85 0.84 0.83
Fees - Other 2.54 2.71 2.56 0.01
Normalized
Normalized after Tax Profit 2,320.2 1,857.1 817.3 784.3
Normalized Net Income from Continuing Operations 2,503.8 2,176.5 840.9 792.8
Normalized Net Income - Bottom Line 2,231.7 1,982.1 756.5 759.6
Earnings before Interest & Taxes (EBIT) - Normalized 3,459.4 2,619.2 1,388.6 1,055.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 4,390.2 3,252.8 2,005.1 1,619.5
Lease Expenses
Lease Expense -Total - Supplemental
Operating /Rental Expense - Supplemental 0
Depreciation of Financial Lease ROU Assets - Supplemental 59.22 49.38 47.74
Other
Rental/Operating Lease Expense 0 69.32
Cost of Revenue including Operation & Maintenance (Utility) - Total 22,175 16,494 13,526 13,858
Cost of Revenues excluding Depreciation 22,173 16,494 13,526 13,858
Interest Expense 358.1 237.7 242.6 165.7
Operating Expenses 23,756 17,021 14,191 14,553
Selling, General & Administrative Expenses excluding Research & Development Expenses 1,282.4 1,010.4 736.3 734.3