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 | 36,483.9 | 20,139.7 | 22,588.9 | 25,067.3 | 20,252.4 | 16,208.1 | 16,439.3 | 21,105.1 |
Revenue growth | 81.2% | -10.8% | -9.9% | 23.8% | 25.0% | -1.4% | -22.1% | 10.8% |
Cost of goods sold | 25,458.5 | 17,911.7 | 19,909.8 | 20,771.9 | 17,683.0 | 14,182.2 | 15,325.4 | 19,255.9 |
Gross profit | 11,025.4 | 2,228.0 | 2,679.1 | 4,295.4 | 2,569.4 | 2,025.9 | 1,113.9 | 1,849.2 |
Gross margin | 30.2% | 11.1% | 11.9% | 17.1% | 12.7% | 12.5% | 6.8% | 8.8% |
Selling, general and administrative | 1,706.6 | 615.0 | 711.2 | 860.7 | 687.5 | 596.8 | 459.0 | 520.8 |
EBITA | 9,659.6 | 1,253.3 | 2,162.5 | 3,619.4 | 2,201.5 | 1,725.2 | 669.7 | 1,388.9 |
EBITA margin | 26.5% | 6.2% | 9.6% | 14.4% | 10.9% | 10.6% | 4.1% | 6.6% |
Amortization of intangibles | 129.2 | 83.4 | 85.7 | 88.8 | 91.2 | 73.9 | 74.3 | 72.4 |
EBIT | 9,530.4 | 1,169.9 | 2,076.8 | 3,530.6 | 2,110.3 | 1,651.3 | 595.4 | 1,316.5 |
EBIT margin | 26.1% | 5.8% | 9.2% | 14.1% | 10.4% | 10.2% | 3.6% | 6.2% |
Pre-tax income | 9,200.9 | 835.5 | 1,782.8 | 3,229.4 | 1,750.0 | 1,298.7 | 241.9 | 1,147.3 |
Income taxes | 2,078.5 | -0.5 | 411.9 | 748.3 | 369.4 | 398.2 | 48.8 | 368.7 |
Tax rate | 22.6% | | 23.1% | 23.2% | 21.1% | 30.7% | 20.2% | 32.1% |
Net income | 6,827.5 | 721.5 | 1,271.1 | 2,360.8 | 1,318.7 | 796.3 | 80.7 | 679.3 |
Net margin | 18.7% | 3.6% | 5.6% | 9.4% | 6.5% | 4.9% | 0.5% | 3.2% |
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Diluted EPS | $23.27 | $2.38 | $4.16 | $7.45 | $4.11 | $2.49 | $0.25 | $2.12 |
Shares outstanding (diluted) | 293.4 | 303.3 | 305.5 | 316.7 | 320.8 | 319.8 | 320.7 | 320.1 |
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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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