Frontage Statements
15
Frontage Income Statement
B
M
USD (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
131.5
100
92.093
70
39.406
30
2.901
2.2
25.341
19.3
26.76
20.3
12.646
9.6
-3.565
-2.7
—
0
7.17
5.5
1
0.8
6.216
4.7
0.003
2 067.59
128.36
100
89.368
69.6
38.988
30.4
3.137
2.4
27.358
21.3
29.818
23.2
9.17
7.1
-1.763
-1.4
—
0
7.407
5.8
2.849
2.2
4.592
3.6
0.002
2 071.83
131.43
100
86.433
65.8
44.994
34.2
2.298
1.7
26.854
20.4
27.231
20.7
17.763
13.5
0.427
0.3
—
0
18.166
13.8
5.368
4.1
12.79
9.7
0.006
2 063.33
118.93
100
74.733
62.8
44.2
37.2
1.586
1.3
25.375
21.3
25.467
21.4
18.733
15.8
-0.778
-0.7
—
0
17.93
15.1
4.828
4.1
12.945
10.9
0.006
2 105.53
99.316
100
62.276
62.7
37.04
37.3
1.469
1.5
22.157
22.3
22.144
22.3
14.896
15
-1.296
-1.3
—
0
13.596
13.7
3.733
3.8
9.592
9.7
0.005
2 119.46
85.125
100
55.464
65.2
29.661
34.8
0.965
1.1
17.053
20
16.952
19.9
12.709
14.9
-1.241
-1.5
—
0
11.47
13.5
2.411
2.8
8.836
10.4
0.004
2 111.92
75.152
100
48.306
64.3
26.846
35.7
1.09
1.5
12.953
17.2
12.84
17.1
14.006
18.6
-0.003
-0.004
—
0
14.231
18.9
1.273
1.7
12.751
17
0.006
2 067.77
50.659
100
36.02
71.1
14.639
28.9
0.751
1.5
11.027
21.8
11.12
22
3.519
6.9
1.767
3.5
—
0
5.291
10.4
0.834
1.6
4.399
8.7
0.002
2 089.3
50.726
100
32.684
64.4
18.042
35.6
0.881
1.7
12.045
23.7
11.414
22.5
6.628
13.1
4.287
8.5
—
0
10.845
21.4
1.707
3.4
9.13
18
0.004
2 095.97
49.689
100
30.44
61.3
19.249
38.7
0.649
1.3
8.191
16.5
7.948
16
11.301
22.7
0.216
0.4
—
0
10.018
20.2
0.724
1.5
9.294
18.7
0.006
1 624.42
46.026
100
25.949
56.4
20.077
43.6
0.559
1.2
6.684
14.5
7.079
15.4
12.998
28.2
0.674
1.5
—
0
10.723
23.3
2.272
4.9
8.451
18.4
0.006
1 520.27
37.088
100
23.267
62.7
13.821
37.3
1.135
3.1
6.916
18.6
7.899
21.3
5.922
16
-0.458
-1.2
—
0
3.37
9.1
0.58
1.6
2.79
7.5
0.002
1 517.9