Avery Dennison Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.16B | $6.61B | $6.09B | $6.33B | — | $6.14B | $5.86B | $5.84B |
| Label and Graphic Materials | $4.85B | $4.51B | $4.19B | — | — | — | — | — |
| Retail Branding and Information Solutions | $1.61B | $1.51B | $1.45B | — | — | — | — | — |
| Industrial and Healthcare Materials | $694.7M | $590.9M | $453.8M | — | — | — | — | — |
| Materials Group | — | — | — | — | — | — | — | — |
| Solutions Group | — | — | — | — | — | — | — | — |
| Cost of Revenue | $5.24B | $4.80B | $4.39B | $4.68B | — | $4.50B | $4.34B | $4.37B |
| Gross Profit | $1.92B | $1.81B | $1.70B | $1.65B | — | $1.64B | $1.53B | $1.48B |
| Gross Margin | 26.8% | 27.4% | 27.9% | 26.1% | — | 26.7% | 26.1% | 25.2% |
| Operating Expenses | ||||||||
| Research & Development | $98.2M | $93.4M | $89.7M | $102.5M | — | $96.0M | $98.6M | $93.8M |
| SG&A Expense | $1.13B | $1.11B | $1.09B | $1.16B | — | $1.17B | $1.15B | $1.14B |
| Operating Income | $613.3M | $652.5M | $537.0M | $424.1M | — | $426.9M | $310.5M | $284.3M |
| Operating Margin | 8.6% | 9.9% | 8.8% | 6.7% | — | 7.0% | 5.3% | 4.9% |
| Interest Expense | $58.5M | $63.0M | $59.9M | $63.3M | — | $60.9M | $72.9M | $71.1M |
| Pretax Income | $554.8M | $589.5M | $477.1M | $360.8M | — | $366.0M | $237.6M | $213.2M |
| Income Tax Expense | $85.4M | $307.7M | $156.4M | $113.5M | — | $124.3M | $80.0M | $71.5M |
| Net Income | $467.4M | $281.8M | $320.7M | $245.1M | — | $213.2M | $215.4M | $190.1M |
| Net Margin | 6.5% | 4.3% | 5.3% | 3.9% | — | 3.5% | 3.7% | 3.3% |
| EPS (Basic) | $5.35 | $3.19 | $3.60 | $2.61 | — | $2.17 | $2.10 | $1.80 |
| EPS (Diluted) | $5.28 | $3.13 | $3.54 | $2.56 | — | $2.13 | $2.08 | $1.78 |
| Shares Outstanding (Basic) | 87.3M | 88.3M | 89.1M | 93.8M | 96.0M | 98.4M | 102.6M | 105.8M |
| Shares Outstanding (Diluted) | 88.6M | 90.1M | 90.7M | 95.7M | 96.0M | 100.1M | 103.5M | 106.8M |
| Dividends Per Share | $2.01 | $1.76 | $1.60 | $1.34 | — | $1.14 | $1.08 | $1.00 |