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-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 24,384.0 | 17,870.0 | 7,024.0 | 9,325.0 | 9,415.0 | 38.0 | 5,455.0 | 3,382.0 |
Revenue growth | 36.5% | 154.4% | -24.7% | -1.0% | 72.6% | | 61.3% | -25.8% |
Cost of goods sold | 965.0 | 651.0 | 242.0 | 299.0 | 5,855.0 | 0.0 | 2,905.0 | 2,460.0 |
Gross profit | 23,419.0 | 17,219.0 | 6,782.0 | 9,026.0 | 3,560.0 | 38.0 | 2,550.0 | 922.0 |
Gross margin | 96.0% | 96.4% | 96.6% | 96.8% | 37.8% | 100.0% | 46.7% | 27.3% |
General and administrative | 334.0 | 292.0 | 244.0 | 324.0 | 381.0 | 381.0 | 326.0 | 325.0 |
EBIT | 10,358.0 | 2,250.0 | 156.0 | 1,055.0 | 2,263.0 | 1,377.0 | 1,046.0 | -623.0 |
EBIT margin | 42.5% | 12.6% | 2.2% | 11.3% | 24.0% | 3623.7% | 19.2% | -18.4% |
Pre-tax income | 9,951.0 | 2,746.0 | -261.0 | 1,008.0 | 1,251.0 | 1,251.0 | 309.0 | -959.0 |
Income taxes | 2,106.0 | 628.0 | -61.0 | 235.0 | 276.0 | 0.0 | -524.0 | -403.0 |
Tax rate | 21.2% | 22.9% | 23.4% | 23.3% | 22.1% | 0.0% | | 42.0% |
Net income | 7,845.0 | 2,118.0 | -200.0 | 773.0 | 978.0 | 978.0 | 833.0 | -556.0 |
Net margin | 32.2% | 11.9% | -2.8% | 8.3% | 10.4% | 2573.7% | 15.3% | -16.4% |
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Diluted EPS | $31.13 | $8.61 | ($1.21) | $4.63 | $5.72 | $5.72 | $4.90 | ($3.35) |
Shares outstanding (diluted) | 252.0 | 246.0 | 165.0 | 167.0 | 171.0 | 171.0 | 170.0 | 166.0 |
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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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