To calculate the net income for the year 2021 based on the provided financial data, follow these steps:
### Step-by-Step Calculation:
1. Identify the Financial Data for 2021:
- Revenues: \[tex]$5011 million
- Cost of Sales: \$[/tex]3019 million
- Total Operating Expenses: \[tex]$1222 million
- Interest Expense: \$[/tex]34.6 million
- Income Tax Expense: \[tex]$139.3 million
2. Calculate Earnings Before Tax (EBT):
\[
\text{EBT} = \text{Revenues} - (\text{Cost of Sales} + \text{Total Operating Expenses} + \text{Interest Expense})
\]
Substituting the values,
\[
\text{EBT} = 5011 - (3019 + 1222 + 34.6)
\]
\[
\text{EBT} = 5011 - 4275.6
\]
\[
\text{EBT} = 735.4 \text{ million}
\]
3. Calculate Net Income:
\[
\text{Net Income} = \text{EBT} - \text{Income Tax Expense}
\]
Substituting the values,
\[
\text{Net Income} = 735.4 - 139.3
\]
\[
\text{Net Income} = 596.1 \text{ million}
\]
Thus, the net income for 2021 is \$[/tex]596.1 million.
