Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 | Dec-31-16 |
Revenues | 17,360.5 | 11,264.3 | 14,034.6 | 14,362.9 | 14,362.9 | 12,826.6 | 2,372.7 | 11,594.6 |
Revenue growth | 54.1% | -19.7% | -2.3% | 12.0% | 505.3% | 10.6% | | -8.7% |
Cost of goods sold | 827.3 | 549.1 | 559.3 | 541.3 | -49.3 | 514.9 | -10,450.0 | 493.3 |
Gross profit | 16,533.2 | 10,715.2 | 13,475.3 | 13,821.6 | 14,412.2 | 12,311.7 | 12,822.7 | 11,101.3 |
Gross margin | 95.2% | 95.1% | 96.0% | 96.2% | 100.3% | 96.0% | 540.4% | 95.7% |
Selling, general and administrative | 193.6 | 171.1 | 144.6 | 136.2 | 136.2 | 141.2 | 141.2 | 122.7 |
EBIT | 615.9 | 562.0 | 268.7 | 374.4 | 326.2 | 279.4 | 287.2 | 476.3 |
EBIT margin | 3.5% | 5.0% | 1.9% | 2.6% | 2.3% | 2.2% | 12.1% | 4.1% |
Pre-tax income | 521.9 | 509.1 | 202.4 | 273.9 | 273.9 | 240.1 | 240.1 | 352.1 |
Income taxes | 125.0 | 123.0 | 47.6 | 60.3 | 60.3 | -5.2 | -5.2 | 130.6 |
Tax rate | 24.0% | 24.2% | 23.5% | 22.0% | 22.0% | | | 37.1% |
Net income | 396.9 | 386.1 | 154.8 | 213.6 | 213.6 | 245.3 | 245.3 | 221.5 |
Net margin | 2.3% | 3.4% | 1.1% | 1.5% | 1.5% | 1.9% | 10.3% | 1.9% |
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Diluted EPS | $14.92 | $13.08 | $4.86 | $6.48 | $6.48 | $6.78 | $6.78 | $5.59 |
Shares outstanding (diluted) | 26.6 | 29.5 | 31.9 | 33.0 | 33.0 | 36.2 | 36.2 | 39.6 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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