Morningstar Statements
MO
Morningstar 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
571.9
100
222.7
38.9
349.2
61.1
—
0
191.6
33.5
240.7
42.1
108.5
19
-10.1
-1.8
-8.9
-1.5
89.5
15.6
19.2
3.4
69.1
12.1
1.603
43.1
542.8
100
218.1
40.2
324.7
59.8
—
0
184.9
34.1
232.1
42.8
92.6
17.1
-8.9
-1.6
3.3
0.6
87
16
21.3
3.9
64.2
11.8
1.493
43
538.7
100
205.4
38.1
333.3
61.9
—
0
192.4
35.7
238.9
44.3
94.4
17.5
-11
-2.04
6.9
1.3
90.3
16.8
14.1
2.6
73.5
13.6
1.701
43.2
515.5
100
202.9
39.4
312.6
60.6
—
0
196
38
242.6
47.1
70
13.6
-10.9
-2.1
-1.7
-0.3
57.4
11.1
16.7
3.2
39.1
7.6
0.91
42.9
504.7
100
216.4
42.9
288.3
57.1
—
0
199.6
39.5
246.6
48.9
41.7
8.3
-13.8
-2.7
3.8
0.8
31.7
6.3
-6.2
-1.2
36.1
7.2
0.84
42.8
479.7
100
218.8
45.6
260.9
54.4
—
0
191.6
39.9
236.4
49.3
24.5
5.1
-24.9
-5.2
2.5
0.5
2.1
0.4
8.4
1.8
-7.6
-1.6
-0.18
42.5
475
100
195
41.1
280
58.9
—
0
199.7
42
244.5
51.5
35.5
7.5
-11.1
-2.3
6.2
1.3
30.6
6.4
26.4
5.6
3.3
0.7
0.08
42.6
468.2
100
195.4
41.7
272.8
58.3
—
0
206.6
44.1
250.8
53.6
22
4.7
-10.5
-2.2
-13.8
-2.9
-2.3
-0.5
5.4
1.2
-9
-1.9
-0.21
42.5
470.4
100
197.6
42
272.8
58
—
0
178.9
38
218.9
46.5
53.9
11.5
-7.5
-1.6
-7.1
-1.5
39.3
8.4
7.4
1.6
30.1
6.4
0.7
42.9
457
100
191.3
41.9
265.7
58.1
—
0
171.7
37.6
209.3
45.8
56.4
12.3
-1.4
-0.3
8
1.8
63
13.8
17.3
3.8
46.1
10.1
1.06
43.3
462.2
100
189.6
41
272.6
59
—
0
159.4
34.5
197.8
42.8
74.8
16.2
0.4
0.09
-1
-0.2
74.2
16.1
18.5
4
56.5
12.2
1.29
43.7
428.9
100
183.1
42.7
245.8
57.3
—
0
139.9
32.6
178
41.5
67.8
15.8
-1.1
-0.3
-3.5
-0.8
63.2
14.7
16.1
3.8
49
11.4
1.13
43.4
415.4
100
168.4
40.5
247
59.5
—
0
162.2
39
199.8
48.1
47.2
11.4
-0.6
-0.1
-0.8
-0.2
45.8
11
13.9
3.3
32.9
7.9
0.76
43.3
392.8
100
157.3
40
235.5
60
—
0
131.7
33.5
168.3
42.8
67.2
17.1
-1.5
-0.4
1.6
0.4
67.3
17.1
14.1
3.6
54.9
14
1.27
43.3
380.4
100
149.6
39.3
230.8
60.7
—
0
129.9
34.1
165.7
43.6
65.1
17.1
27.9
7.3
0.4
0.1
93.4
24.6
19.1
5
75.3
19.8
1.74
43.2
357.2
100
138.7
38.8
218.5
61.2
—
0
138.4
38.7
174.2
48.8
44.3
12.4
50.2
14.1
-2
-0.6
92.5
25.9
16.9
4.7
76.2
21.3
1.76
43.2
327.9
100
131.1
40
196.8
60
—
0
101.8
31
135.5
41.3
61.3
18.7
-1
-0.3
3.6
1.1
63.9
19.5
15.2
4.6
48.2
14.7
1.12
43.2
324
100
137
42.3
187
57.7
—
0
108.3
33.4
142.5
44
44.5
13.7
-3.6
-1.1
-7.7
-2.4
33.2
10.2
8.5
2.6
23.9
7.4
0.55
43.3
332.4
100
142.1
42.7
190.3
57.3
—
0
116.9
35.2
150.6
45.3
39.7
11.9
-3.4
-1.02
-0.6
-0.2
35.7
10.7
9.1
2.7
27.6
8.3
0.63
43.5
313.8
100
128.4
40.9
185.4
59.1
—
0
101.2
32.2
135.8
43.3
49.6
15.8
15
4.8
-1.1
-0.4
63.5
20.2
13.3
4.2
49.1
15.6
1.14
43.2
273.9
100
107.5
39.2
166.4
60.8
—
0
89.7
32.7
115.6
42.2
50.8
18.5
0.5
0.2
1.8
0.7
53.1
19.4
11.7
4.3
42.1
15.4
0.98
43.1
258.9
100
105.1
40.6
153.8
59.4
—
0
80.8
31.2
104.3
40.3
49.5
19.1
-0.1
-0.04
-3.2
-1.2
46.2
17.8
11.5
4.4
33.2
12.8
0.77
43
262.7
100
108.9
41.5
153.8
58.5
—
0
79
30.1
104.5
39.8
49.3
18.8
-0.5
-0.2
-0.4
-0.2
48.4
18.4
7.9
3
42.4
16.1
0.98
43
261.3
100
100
38.3
161.3
61.7
—
0
71.2
27.2
95.9
36.7
65.4
25
5.7
2.2
1.6
0.6
72.7
27.8
16.1
6.2
56.9
21.8
1.32
43.1
252.4
100
99.8
39.5
152.6
60.5
—
0
75.4
29.9
99
39.2
53.6
21.2
-0.6
-0.2
2
0.8
55
21.8
12.8
5.1
41.8
16.6
0.97
43
243.5
100
102.4
42.1
141.1
57.9
—
0
70.7
29
93.6
38.4
47.5
19.5
0.2
0.08
-1.4
-0.6
56.8
23.3
13.4
5.5
41.9
17.2
0.98
42.9
243.1
103.4
139.7
—
70.7
97.1
42.6
1.1
-1
41.9
13.3
38.9
0.91
42.7
229.9
90.9
139
—
64.4
86.2
52.8
-0.6
-1.4
50.8
16.9
33.9
0.79
42.8
229.2
95.3
133.9
—
66.4
87.9
46
-0.5
-1.7
61.3
15
46.1
1.07
43.1
209.5
97
112.5
—
62.6
84.1
28.4
-1.3
—
27.1
8.3
18
0.42
43.2
212.2
88
124.2
—
55.6
74.3
49.9
37.2
1.3
88.4
17.2
70.3
1.62
43.3
196.1
84.9
111.2
—
48.9
67
44.2
0.3
1.8
46.3
16.5
30.2
0.7
43.3
198.2
86.1
112.1
—
50.4
67.7
44.4
0.4
2.6
47.4
15.4
31.8
0.73
43.3
192.1
85.3
106.8
—
47.9
64.5
42.3
0.3
0.2
42.8
14.6
28.7
0.67
43.1
201.6
84.9
116.7
—
50
66.6
50.1
1
0.4
51.5
14.5
37.3
0.85
44
195.3
83.4
111.9
—
49.3
65.7
46.2
0.2
1.2
47.6
14.6
33.5
0.76
44.3
202.1
83.2
118.9
—
52.9
69.2
49.7
0.6
—
50.3
18.7
32.2
0.73
44.4
189.8
78.6
111.2
—
51.5
66.6
44.6
0.1
-0.4
44.3
14.9
29.6
0.67
44.4
196.4
81.4
115
—
53.9
68.4
46.6
0.8
1
48.4
15.5
31.5
0.71
44.6
193.1
80.1
113
—
53.1
67.7
45.3
0.7
-1
45
15.1
30.2
0.67
44.9
189.4
81.4
108
—
58.4
71.8
36.2
6.2
-0.3
-18.9
-8.6
-9.8
-0.22
45.5
181.2
75.7
105.5
—
54.5
66.9
38.5
0.6
0.3
39.4
13.7
26.4
0.59
44.9
180.5
72.9
107.6
—
53.8
65.7
41.9
3.8
-1.2
44.4
13.4
31.3
0.68
46.1
173.5
72.4
101.1
—
45.2
56.5
44.6
0.5
0.3
45.4
14.3
31.5
0.68
46.5
175.4
64.4
111
—
56.2
67.4
43.6
4.8
-1.7
46.7
16
31.1
0.67
46.9
168.9
61.7
107.2
—
55.3
66.6
40.6
1.5
-0.5
41.5
12.4
29.6
0.63
46.8
170.6
47.9
122.7
12.8
59.2
83.4
39.3
1.3
-1.9
38.7
11.4
33.1
0.697
47.5