Income Statement | | | | | | | | | | | | |
| | | | | | | | | | | | Original |
USD | Fiscal Year Ending | | Latest |
(in millions) | Apr-15 | Apr-16 | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Mar-23 | Mar-24 | | Dec-24 |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM |
| | | | | | | | | | | | |
Revenue | 8,117 | 7,106 | 7,607 | 21,733 | 20,753 | 19,577 | 17,729 | 16,265 | 14,430 | 13,667 | | 13,088 |
% Growth | NA | -12.5% | 7.1% | 185.7% | -4.5% | -5.7% | -9.4% | -8.3% | -11.3% | -5.3% | | |
| | | | | | | | | | | | |
Cost of Revenue | (6,159) | (5,185) | (5,549) | (16,317) | (14,946) | (14,901) | (14,086) | (12,683) | (11,246) | (10,567) | | (9,948) |
Gross Profit | 1,958 | 1,921 | 2,058 | 5,416 | 5,807 | 4,676 | 3,643 | 3,582 | 3,184 | 3,100 | | 3,140 |
% Revenue | 24.1% | 27.0% | 27.1% | 24.9% | 28.0% | 23.9% | 20.5% | 22.0% | 22.1% | 22.7% | | 24.0% |
| | | | | | | | | | | | |
Research and Development | (67) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
General and Admin | (1,220) | (1,068) | (1,258) | (1,381) | (1,777) | (1,392) | (1,818) | (316) | (2,456) | (1,521) | | (1,564) |
Other Inc / (Exp) | (1,236) | (758) | (892) | (2,500) | (2,309) | (8,294) | (908) | (1,986) | (1,548) | (1,386) | | (1,519) |
Total Operating Exp | (2,523) | (1,826) | (2,150) | (3,881) | (4,086) | (9,686) | (2,726) | (2,302) | (4,004) | (2,907) | | (3,083) |
| | | | | | | | | | | | |
Operating Income | (565) | 95 | (92) | 1,535 | 1,721 | (5,010) | 917 | 1,280 | (820) | 193 | | 57 |
% Revenue | -7.0% | 1.3% | -1.2% | 7.1% | 8.3% | -25.6% | 5.2% | 7.9% | -5.7% | 1.4% | | 0.4% |
| | | | | | | | | | | | |
Interest Expense | (106) | (85) | (82) | (231) | (206) | (218) | (263) | (139) | (65) | (84) | | (74) |
Pre-tax Income | (671) | 10 | (174) | 1,304 | 1,515 | (5,228) | 654 | 1,141 | (885) | 109 | | (17) |
Earnings of Discontinued Ops. | 224 | 191 | 0 | 236 | 35 | 0 | 0 | 0 | 0 | 0 | | 0 |
Provision for Taxes | 464 | 62 | 74 | 242 | (288) | (130) | (800) | (405) | 319 | (23) | | (45) |
Net Income to Company | 17 | 263 | (100) | 1,782 | 1,262 | (5,358) | (146) | 736 | (566) | 86 | | (62) |
% Margin | 0.2% | 3.7% | -1.3% | 8.2% | 6.1% | -27.4% | -0.8% | 4.5% | -3.9% | 0.6% | | -0.5% |
| | | | | | | | | | | | |
Minority Interest in Earnings | (15) | (12) | (23) | (31) | (5) | (11) | (3) | (18) | (2) | 5 | | (13) |
Net Income to Stockholders | 2 | 251 | (123) | 1,751 | 1,257 | (5,369) | (149) | 718 | (568) | 91 | | (75) |
| | | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Other Adj. | (224) | (191) | 0 | (236) | (35) | 0 | 0 | 0 | 0 | 0 | | 0 |
| | | | | | | | | | | | |
Net Income to Common | (222) | 60 | (123) | 1,515 | 1,222 | (5,369) | (149) | 718 | (568) | 91 | | (75) |
% Margin | -2.7% | 0.8% | -1.6% | 7.0% | 5.9% | -27.4% | -0.8% | 4.4% | -3.9% | 0.7% | | -0.6% |
| | | | | | | | | | | | |
As Reported | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | (1.56) | 0.43 | (0.88) | 5.32 | 4.40 | (20.76) | (0.59) | 2.87 | (2.48) | 0.46 | | (0.29) |
Diluted EPS (Continuing Ops) | (1.56) | 0.43 | (0.88) | 5.23 | 4.35 | (20.76) | (0.59) | 2.81 | (2.48) | 0.46 | | (0.29) |
| | | | | | | | | | | | |
WA Basic Shares Out. | 142.56 | 138.28 | 140.39 | 284.93 | 277.54 | 258.57 | 254.14 | 250.02 | 228.99 | 195.80 | | 175.66 |
WA Diluted Shares Out. | 142.56 | 141.33 | 140.39 | 289.77 | 281.43 | 258.57 | 254.14 | 255.21 | 228.99 | 198.78 | | 179.88 |
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EBITDA, EBIT Reconciliation | | | | | | | | | | | | |
EBT, Incl. Unusual Items | (671) | 10 | (174) | 1,304 | 1,515 | (5,228) | 654 | 1,141 | (885) | 109 | | (17) |
Addback: Net Interest Expense | 106 | 85 | 82 | 231 | 206 | 218 | 263 | 139 | 65 | 84 | | 74 |
Addback: Other Non Operating Expenses, Total | 10 | (3) | (10) | (84) | (124) | (694) | 7 | 73 | (25) | (47) | | 19 |
Addback: Depreciation & Amortization | 840 | 677 | 579 | 1,788 | 1,765 | 1,680 | 1,724 | 1,515 | 1,347 | 1,221 | | 1,143 |
Addback: Restructuring Charges | 256 | 23 | 238 | 789 | 465 | 252 | 551 | 318 | 216 | 111 | | 144 |
Addback: Merger / Acquisition Expenses | 0 | 7 | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 6,794 | 0 | 0 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | (15) | 0 | 11 | 5 | | 5 |
Addback: Gain (Loss) On Sale Of Assets | 0 | (6) | 0 | 0 | 0 | 0 | (2,004) | (459) | (280) | (119) | | 10 |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | 0 | 165 | 0 | 8 | 0 | | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75 | 16 | | 1 |
Addback: Other Unusual Items | 197 | 79 | 0 | 0 | 0 | 0 | 399 | 337 | 24 | 16 | | 16 |
Adjusted EBITDA | 738 | 872 | 732 | 4,028 | 3,827 | 3,022 | 1,744 | 3,064 | 556 | 1,396 | | 1,395 |
% Margin | 9.1% | 12.3% | 9.6% | 18.5% | 18.4% | 15.4% | 9.8% | 18.8% | 3.9% | 10.2% | | 10.7% |
| | | | | | | | | | | | |
Adjusted EBIT | (102) | 195 | 153 | 2,240 | 2,062 | 1,342 | 20 | 1,549 | (791) | 175 | | 252 |
% Margin | -1.3% | 2.7% | 2.0% | 10.3% | 9.9% | 6.9% | 0.1% | 9.5% | -5.5% | 1.3% | | 1.9% |
| | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | |
Net Income to Company | 17 | 263 | (100) | 1,782 | 1,262 | (5,358) | (146) | 736 | (566) | 86 | | (62) |
Addback: Unusual Items | 453 | 103 | 255 | 789 | 465 | 7,046 | (904) | 196 | 54 | 29 | | 176 |
Less: Tax Benefit of Unusual Items (26%) | (118) | (27) | (66) | (205) | (121) | (1,832) | 235 | (51) | (14) | (8) | | (46) |
Adjusted Net Income | 352 | 339 | 89 | 2,366 | 1,606 | (144) | (815) | 881 | (526) | 107 | | 68 |
% Margin | 4.3% | 4.8% | 1.2% | 10.9% | 7.7% | -0.7% | -4.6% | 5.4% | -3.6% | 0.8% | | 0.5% |