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 | 22,989.0 | 20,444.0 | 5,354.0 | 1,990.0 | 2,332.0 | 1,866.0 | 1,379.7 | 2,013.3 |
Revenue growth | 12.4% | 281.8% | 169.0% | -14.7% | 25.0% | 35.2% | -31.5% | -40.3% |
Cost of goods sold | 20,471.0 | 15,910.0 | 5,102.0 | 1,414.0 | 1,523.0 | 1,398.4 | 1,274.4 | 1,776.8 |
Gross profit | 2,518.0 | 4,534.0 | 252.0 | 576.0 | 809.0 | 467.6 | 105.3 | 236.5 |
Gross margin | 11.0% | 22.2% | 4.7% | 28.9% | 34.7% | 25.1% | 7.6% | 11.7% |
Selling, general and administrative | 465.0 | 422.0 | 244.0 | 113.0 | 136.0 | 77.4 | 149.4 | 85.2 |
EBITA | 1,948.0 | 4,002.0 | -232.0 | 422.0 | 586.0 | 390.2 | 455.9 | 135.3 |
EBITA margin | 8.5% | 19.6% | -4.3% | 21.2% | 25.1% | 20.9% | 33.0% | 6.7% |
Amortization of intangibles | 13.0 | 10.0 | | | | | | |
EBIT | 1,935.0 | 3,992.0 | -232.0 | 422.0 | 586.0 | 390.2 | 455.9 | 135.3 |
EBIT margin | 8.4% | 19.5% | -4.3% | 21.2% | 25.1% | 20.9% | 33.0% | 6.7% |
Pre-tax income | 1,796.0 | 3,803.0 | -193.0 | 313.0 | 565.0 | 108.2 | 110.4 | 313.1 |
Income taxes | 423.0 | 773.0 | -111.0 | 18.0 | -460.0 | -252.4 | -12.2 | 169.3 |
Tax rate | 23.6% | 20.3% | 57.5% | 5.8% | | | | 54.1% |
Earnings from continuing ops | 1,335.0 | 2,988.0 | -122.0 | 293.0 | 1,040.0 | 364.5 | 97.4 | 135.1 |
Earnings from discontinued ops | | 0.0 | | 0.0 | | 2.5 | 76.7 | -892.1 |
Net income | 1,335.0 | 2,988.0 | -122.0 | 293.0 | 1,128.0 | 367.0 | 174.1 | -749.3 |
Net margin | 5.8% | 14.6% | -2.3% | 14.7% | 48.4% | 19.7% | 12.6% | -37.2% |
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Diluted EPS | $2.55 | $5.35 | ($0.32) | $1.03 | $3.42 | $1.24 | $0.49 | $0.88 |
Shares outstanding (diluted) | 524.0 | 558.0 | 379.0 | 284.0 | 304.0 | 293.0 | 200.1 | 153.6 |
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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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