Corporate Income Statement

Last Updated: August 13, 2025 at 12:33 PM EST

Corporate Income Statement (Mln$)

Accounting Concept	2021	2022	2023	2024
Gross Profit	13,818,350	15,328,476	16,058,624	17,058,960
Depreciation	2,070,306	2,288,732	2,454,634	2,595,027
OpEx (Total)	8,665,329	9,692,143	10,170,896	10,732,914
Employee Comp	7,888,296	8,506,337	8,966,216	9,475,512
Wages and Salaries	6,677,861	7,232,043	7,595,074	8,015,957
Supplements to Wages and Salaries	1,210,436	1,274,295	1,371,142	1,459,556
Taxes on production	777,033	1,185,806	1,204,680	1,257,402
Operating Income	3,082,714	3,347,601	3,433,094	3,731,019
Interest Expense	255,584	282,592	169,445	128,777
Business Transfers	151,713	193,139	206,676	258,088
Income Tax	464,240	579,268	624,674	673,101
Dividends	1,473,537	1,539,604	1,608,800	1,620,044
IVA	-262,334	-141,098	29,818	-15,601
CCAdj	-12,403	-72,012	-176,769	-270,285
GAAP
EBT	2,950,153	3,084,980	3,203,924	3,630,040
EBT Receipts from RoW	873,787	933,495	966,838	1,005,843
EBT Receipts from RoW	873,787	933,495	966,838	1,005,843
EBT Receipts from RoW	873,787	933,495	966,838	1,005,843
EBT Payments to RoW	471,614	488,631	477,325	522,200
NonGAAP
EBT Payments to RoW	471,614	488,631	477,325	522,200
EBT Payments to RoW	471,614	488,631	477,325	522,200
Net Income	2,485,913	2,505,712	2,579,250	2,956,939
Retained Earnings	1,012,375	966,108	970,450	1,336,895
EBT	2,675,417	2,871,869	3,056,973	3,344,154
Net Income	2,211,176	2,292,602	2,432,298	2,671,053
Retained Earnings	737,639	752,998	823,498	1,051,009
Ratios & Rates (%)
Retention Ratio	0.334	0.328	0.339	0.393
Payout Ratio	0.666	0.672	0.661	0.607
Effective Tax Rate	0.210	0.253	0.257	0.252