Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 8,083.7 | 9,341.6 | 7,166.0 | 7,460.5 | 6,258.8 | 6,263.1 | 5,900.5 | 5,766.1 |
Revenue growth | -13.5% | 30.4% | -3.9% | 19.2% | -0.1% | 6.1% | 2.3% | 4.3% |
Cost of goods sold | 7,226.3 | 7,419.5 | 6,477.5 | 6,138.1 | 5,820.7 | 5,537.7 | 5,214.5 | 5,134.3 |
Gross profit | 857.4 | 1,922.1 | 688.5 | 1,322.4 | 438.1 | 725.4 | 686.0 | 631.8 |
Gross margin | 10.6% | 20.6% | 9.6% | 17.7% | 7.0% | 11.6% | 11.6% | 11.0% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBIT | 924.1 | 1,978.3 | 732.1 | 1,362.4 | 480.3 | 788.4 | 736.2 | 673.7 |
EBIT margin | 11.4% | 21.2% | 10.2% | 18.3% | 7.7% | 12.6% | 12.5% | 11.7% |
Pre-tax income | 857.4 | 1,922.1 | 688.4 | 1,322.4 | 438.1 | 725.4 | 686.0 | 631.8 |
Income taxes | 170.9 | 387.7 | 259.5 | 265.9 | 135.1 | 164.8 | 219.0 | 209.6 |
Tax rate | 19.9% | 20.2% | 37.7% | 20.1% | 30.8% | 22.7% | 31.9% | 33.2% |
Net income | 686.4 | 1,534.3 | 558.6 | 1,056.4 | 370.5 | 560.5 | 466.9 | 422.1 |
Net margin | 8.5% | 16.4% | 7.8% | 14.2% | 5.9% | 8.9% | 7.9% | 7.3% |
|
Diluted EPS | $2.26 | $5.05 | $1.87 | $3.51 | $1.23 | $1.87 | $1.58 | $1.43 |
Shares outstanding (diluted) | 303.3 | 303.7 | 298.9 | 301.2 | 301.0 | 299.4 | 296.4 | 296.1 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|