Financial Summary (All financials)
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 12,206 | 4,828 | 6,220 | 8,896 | 6,501 | 6,753 | 7,260 | 37,143 |
| Revenue growth | 152.8% | -22.4% | -30.1% | 36.8% | -3.7% | -7.0% | -80.5% | 250.8% |
| Cost of goods sold | 0 | 0 | 0 | 0 | 3,559 | 2,821 | 6,461 | 9,147 |
| Gross profit | 12,206 | 4,828 | 6,220 | 8,896 | 2,942 | 3,932 | 799 | 27,996 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 45.3% | 58.2% | 11.0% | 75.4% |
| Selling, general and administrative | | | | | | 215 | 451 | 6,793 |
| General and administrative | 391 | 338 | 475 | 574 | 645 | | | |
| EBIT | 2,659 | -619 | -323 | 339 | -500 | 291 | -19,332 | 4,595 |
| EBIT margin | 21.8% | -12.8% | -5.2% | 3.8% | -7.7% | 4.3% | -266.3% | 12.4% |
| Pre-tax income | 2,898 | -3,090 | -109 | 944 | 40 | -433 | -19,858 | 4,059 |
| Income taxes | 65 | -547 | -30 | 230 | 7 | 141 | -6,213 | 2,368 |
| Tax rate | 2.2% | 17.7% | 27.5% | 24.4% | 17.5% | | 31.3% | 58.3% |
| Earnings from continuing ops | 2,813 | -2,552 | -81 | 554 | -147 | -574 | -12,896 | 1,607 |
| Earnings from discontinued ops | | -128 | -274 | 2,510 | 1,045 | | | |
| Net income | 2,813 | -2,680 | -355 | 3,064 | 898 | -1,056 | -12,896 | 1,607 |
| Net margin | 23.0% | -55.5% | -5.7% | 34.4% | 13.8% | -15.6% | -177.6% | 4.3% |
| |
| Diluted EPS | $4.23 | ($6.77) | ($0.20) | $1.11 | ($0.28) | ($1.13) | ($31.69) | $3.95 |
| Shares outstanding (diluted) | 665 | 377 | 401 | 497 | 520 | 507 | 407 | 407 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|