Loews Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.74B | $13.11B | $13.42B | $14.33B | $14.61B | $14.07B | $14.13B | $14.62B |
| Cost of Revenue | $299.0M | $271.0M | — | — | — | — | — | — |
| Gross Profit | $13.44B | $12.83B | — | — | — | — | — | — |
| Gross Margin | 97.8% | 97.9% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $2.23B | $1.47B | $764.0M | $2.31B | $2.70B | $2.45B | $2.75B | $2.90B |
| Operating Margin | 16.2% | 11.2% | 5.7% | 16.1% | 18.5% | 17.4% | 19.4% | 19.9% |
| Interest Expense | $646.0M | $536.0M | $520.0M | $498.0M | $425.0M | $426.0M | $522.0M | $517.0M |
| Pretax Income | $1.58B | $936.0M | $244.0M | $1.81B | $2.28B | $2.02B | $2.23B | — |
| Income Tax Expense | $170.0M | $220.0M | $-43.0M | $457.0M | $656.0M | $513.0M | $532.0M | $894.0M |
| Net Income | $1.16B | $654.0M | $260.0M | $591.0M | $595.0M | $568.0M | $1.06B | $1.29B |
| Net Margin | 8.5% | 5.0% | 1.9% | 4.1% | 4.1% | 4.0% | 7.5% | 8.8% |
| EPS (Basic) | $3.46 | $1.93 | $0.72 | $1.55 | $1.53 | $1.44 | $2.62 | $3.08 |
| EPS (Diluted) | $3.45 | $1.93 | $0.72 | $1.55 | $1.53 | $1.43 | $2.62 | $3.07 |
| Shares Outstanding (Basic) | 336.6M | 338.0M | 362.4M | 381.9M | 388.6M | 395.1M | 404.5M | 418.7M |
| Shares Outstanding (Diluted) | 337.5M | 338.3M | 362.7M | 382.6M | 388.6M | 395.9M | 405.3M | 419.5M |
| Dividends Per Share | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 |