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 | 16,229.0 | 13,926.9 | 11,036.1 | 10,213.0 | 10,188.3 | 8,577.7 | 0.0 | 5,982.0 |
Revenue growth | 16.5% | 26.2% | 8.1% | 0.2% | 18.8% | | -100.0% | 2.7% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4,353.9 |
Gross profit | 16,229.0 | 13,926.9 | 11,036.1 | 10,213.0 | 10,188.3 | 8,577.7 | 0.0 | 1,628.1 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | | 27.2% |
Selling, general and administrative | 1,381.2 | 1,208.7 | 1,011.4 | 1,044.3 | 1,012.0 | 891.6 | 957.2 | 794.7 |
EBITA | 14,861.5 | 2,459.6 | 1,786.4 | 1,357.4 | 1,375.2 | 985.0 | 1,004.5 | 846.3 |
EBITA margin | 91.6% | 17.7% | 16.2% | 13.3% | 13.5% | 11.5% | | 14.1% |
Amortization of intangibles | | 16.5 | 19.7 | 14.2 | 13.8 | 13.8 | 13.8 | 12.9 |
EBIT | 14,861.5 | 2,443.1 | 1,766.7 | 1,343.2 | 1,361.4 | 971.2 | 990.7 | 833.4 |
EBIT margin | 91.6% | 17.5% | 16.0% | 13.2% | 13.4% | 11.3% | | 13.9% |
Pre-tax income | 3,439.6 | 2,509.8 | 1,728.7 | 1,339.6 | 1,347.5 | 938.8 | 933.9 | 816.0 |
Income taxes | 822.2 | 563.5 | 321.9 | 322.9 | 325.5 | 491.6 | 331.1 | 321.9 |
Tax rate | 23.9% | 22.5% | 18.6% | 24.1% | 24.2% | 52.4% | 35.5% | 39.5% |
Net income | 2,617.3 | 1,946.3 | 1,406.8 | 1,016.7 | 1,022.0 | 447.2 | 602.7 | 494.1 |
Net margin | 16.1% | 14.0% | 12.7% | 10.0% | 10.0% | 5.2% | | 8.3% |
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Diluted EPS | $11.08 | $7.49 | $5.22 | $3.69 | $3.59 | $1.46 | $1.76 | $1.37 |
Shares outstanding (diluted) | 236.2 | 259.9 | 269.4 | 275.3 | 284.9 | 306.8 | 342.1 | 359.8 |
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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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