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 | 22,831.7 | 13,124.3 | 12,672.7 | 11,821.4 | 10,086.5 | 8,678.2 | 7,864.3 | 5,390.3 |
Revenue growth | 74.0% | 3.6% | 7.2% | 17.2% | 16.2% | 10.3% | 45.9% | 34.6% |
Cost of goods sold | 18,572.7 | 10,898.7 | 10,718.9 | 10,044.4 | 8,570.4 | 7,376.9 | 6,688.6 | 4,567.0 |
Gross profit | 4,259.0 | 2,225.6 | 1,953.8 | 1,777.0 | 1,516.1 | 1,301.3 | 1,175.6 | 823.3 |
Gross margin | 18.7% | 17.0% | 15.4% | 15.0% | 15.0% | 15.0% | 14.9% | 15.3% |
Selling, general and administrative | 2,461.9 | 1,428.3 | 1,373.8 | 1,253.3 | 1,049.4 | 899.6 | 811.2 | 563.2 |
EBIT | 1,669.8 | 705.0 | 497.6 | 448.3 | 409.0 | 352.4 | 322.9 | 233.8 |
EBIT margin | 7.3% | 5.4% | 3.9% | 3.8% | 4.1% | 4.1% | 4.1% | 4.3% |
Pre-tax income | 1,484.8 | 648.5 | 375.4 | 337.5 | 347.1 | 283.5 | 262.7 | 210.5 |
Income taxes | 422.1 | 178.2 | 103.9 | 71.8 | 101.9 | 86.4 | 79.7 | 75.0 |
Tax rate | 28.4% | 27.5% | 27.7% | 21.3% | 29.4% | 30.5% | 30.3% | 35.6% |
Earnings from continuing ops | 1,062.7 | 470.3 | 271.5 | 265.7 | 245.2 | 197.1 | 183.0 | 135.5 |
Earnings from discontinued ops | | | | | | | | 3.2 |
Net income | 1,062.7 | 470.3 | 271.5 | 265.7 | 245.2 | 197.1 | 183.0 | 138.7 |
Net margin | 4.7% | 3.6% | 2.1% | 2.2% | 2.4% | 2.3% | 2.3% | 2.6% |
|
Diluted EPS | $36.64 | $19.51 | $11.60 | $10.84 | $9.77 | $7.73 | $6.91 | $5.14 |
Shares outstanding (diluted) | 29.0 | 24.1 | 23.4 | 24.5 | 25.1 | 25.5 | 26.5 | 26.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|