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 | 11,737.1 | 11,200.6 | 9,552.2 | 9,970.7 | 9,983.6 | 9,491.3 | 8,959.1 | 8,071.6 |
Revenue growth | 4.8% | 17.3% | -4.2% | -0.1% | 5.2% | 5.9% | 11.0% | 3.4% |
Cost of goods sold | 8,793.6 | 7,931.9 | 7,121.5 | 7,294.6 | 7,145.6 | 6,494.9 | 6,146.3 | 5,660.9 |
Gross profit | 2,943.4 | 3,268.7 | 2,430.7 | 2,676.0 | 2,838.1 | 2,996.4 | 2,812.8 | 2,410.7 |
Gross margin | 25.1% | 29.2% | 25.4% | 26.8% | 28.4% | 31.6% | 31.4% | 29.9% |
Selling, general and administrative | 2,003.4 | 1,933.7 | 1,794.7 | 1,848.8 | 1,742.7 | 1,642.2 | 1,532.9 | 1,573.1 |
EBITA | 968.1 | 1,364.3 | 664.9 | 854.8 | 1,126.1 | 1,388.5 | 1,319.5 | 867.5 |
EBITA margin | 8.2% | 12.2% | 7.0% | 8.6% | 11.3% | 14.6% | 14.7% | 10.7% |
Amortization of intangibles | 28.1 | 29.3 | 28.9 | 27.6 | 30.7 | 34.3 | 39.5 | 29.9 |
EBIT | 940.0 | 1,335.0 | 636.0 | 827.2 | 1,095.3 | 1,354.2 | 1,279.9 | 837.6 |
EBIT margin | 8.0% | 11.9% | 6.7% | 8.3% | 11.0% | 14.3% | 14.3% | 10.4% |
Pre-tax income | 183.9 | 1,290.0 | 584.4 | 749.5 | 1,049.2 | 1,317.9 | 1,241.1 | 748.9 |
Income taxes | 158.1 | 256.4 | 68.6 | 5.0 | 184.3 | 343.2 | 307.6 | 131.9 |
Tax rate | 86.0% | 19.9% | 11.7% | 0.7% | 17.6% | 26.0% | 24.8% | 17.6% |
Net income | 25.2 | 1,033.2 | 515.6 | 744.2 | 861.7 | 971.6 | 930.4 | 615.3 |
Net margin | 0.2% | 9.2% | 5.4% | 7.5% | 8.6% | 10.2% | 10.4% | 7.6% |
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Diluted EPS | $0.39 | $14.94 | $7.22 | $10.30 | $11.52 | $12.98 | $12.48 | $8.31 |
Shares outstanding (diluted) | 64.1 | 69.1 | 71.4 | 72.3 | 74.8 | 74.8 | 74.6 | 74.0 |
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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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