Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Title | 9,106.0 | 11,497.0 | 9,374.0 | 8,259.0 | 7,175.0 | 7,211.0 | 6,978.0 | |
| Corporate and Other | 110.0 | 184.0 | 171.0 | 210.0 | 419.0 | 452.0 | 279.0 | |
| Total revenues [+] | 2,232.0 | 2,821.0 | 2,399.0 | 2,122.0 | 2,216.0 | 7,663.0 | 7,257.0 | 6,664.0 |
| Net investment income | 1,891.0 | 1,961.0 | 900.0 | 225.0 | 177.0 | 131.0 | 126.0 | 121.0 |
| Revenue growth [+] | -20.9% | 17.6% | 13.1% | -4.2% | -71.1% | 5.6% | 8.9% | -16.9% |
| Title | -20.8% | 22.6% | 13.5% | 15.1% | -0.5% | 3.3% | | |
| Corporate and Other | -40.2% | 7.6% | -18.6% | -49.9% | -7.3% | 62.0% | | |
| Cost of goods sold | 3,192.0 | 3,528.0 | 2,951.0 | 2,696.0 | 2,538.0 | 2,460.0 | 2,275.0 | 2,137.0 |
| Gross profit | -960.0 | -707.0 | -552.0 | -574.0 | -322.0 | 5,203.0 | 4,982.0 | 4,527.0 |
| Gross margin | -43.0% | -25.1% | -23.0% | -27.0% | -14.5% | 67.9% | 68.7% | 67.9% |
| Selling, general and administrative [+] | 3,064.0 | 3,821.0 | 2,749.0 | 2,258.0 | 2,059.0 | 2,089.0 | 1,998.0 | 1,731.0 |
| Sales and marketing | 3,064.0 | 3,821.0 | 2,749.0 | 2,258.0 | 2,059.0 | 2,089.0 | 1,998.0 | 1,731.0 |
| Equity in earnings | -15.0 | 64.0 | 15.0 | 15.0 | 5.0 | 10.0 | 14.0 | 5.0 |
| Other operating expenses | -4,803.0 | -8,427.0 | -5,456.0 | -4,411.0 | -3,351.0 | 2,030.0 | 1,820.0 | 1,808.0 |
| EBITDA [+] | 764.0 | 3,963.0 | 2,170.0 | 1,594.0 | 975.0 | 1,300.0 | 1,449.0 | 1,253.0 |
| EBITDA growth | -80.7% | 82.6% | 36.1% | 63.5% | -25.0% | -10.3% | 15.6% | 25.4% |
| EBITDA margin | 34.2% | 140.5% | 90.5% | 75.1% | 44.0% | 17.0% | 20.0% | 18.8% |
| Depreciation and amortization | 496.0 | 645.0 | 296.0 | 178.0 | 182.0 | 389.0 | 431.0 | 410.0 |
| EBIT [+] | 268.0 | 3,318.0 | 1,874.0 | 1,416.0 | 793.0 | 911.0 | 1,018.0 | 843.0 |
| EBIT growth | -91.9% | 77.1% | 32.3% | 78.6% | -13.0% | -10.5% | 20.8% | 61.2% |
| EBIT margin | 12.0% | 117.6% | 78.1% | 66.7% | 35.8% | 11.9% | 14.0% | 12.7% |
| Non-recurring items | -1,382.0 | 121.0 | | | | -1.0 | -1.0 | |
| Interest expense | 115.0 | 114.0 | 90.0 | 47.0 | 43.0 | 48.0 | 64.0 | 73.0 |
| Interest expense | 115.0 | 114.0 | 90.0 | 47.0 | 43.0 | 48.0 | 64.0 | 73.0 |
| Pre-tax income | 1,535.0 | 3,083.0 | 1,784.0 | 1,369.0 | 750.0 | 864.0 | 955.0 | 770.0 |
| Income taxes | 398.0 | 713.0 | 322.0 | 308.0 | 120.0 | 235.0 | 347.0 | 274.0 |
| Tax rate | 25.9% | 23.1% | 18.0% | 22.5% | 16.0% | 27.2% | 36.3% | 35.6% |
| Minority interest | 16.0 | 20.0 | 25.0 | 14.0 | 7.0 | 23.0 | 42.0 | 34.0 |
| Earnings from continuing ops | 1,136.0 | 2,414.0 | 2,929.0 | 1,062.0 | 628.0 | 616.0 | 580.0 | 467.0 |
| Earnings from discontinued ops | | 8.0 | -25.0 | | | 155.0 | 70.0 | 60.0 |
| Net income | 1,136.0 | 2,422.0 | 2,904.0 | 1,062.0 | 628.0 | 771.0 | 650.0 | 527.0 |
| Net margin | 50.9% | 85.9% | 121.1% | 50.0% | 28.3% | 10.1% | 9.0% | 7.9% |
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| Basic EPS [+] | $4.13 | $8.47 | $10.31 | $3.89 | $2.30 | $1.83 | $1.71 | $1.31 |
| Growth | -51.2% | -17.9% | 165.1% | 69.1% | 25.5% | 7.2% | 30.4% | -68.6% |
| Diluted EPS [+] | $4.10 | $8.41 | $10.24 | $3.83 | $2.26 | $1.79 | $1.66 | $1.27 |
| Growth | -51.2% | -17.9% | 167.1% | 69.7% | 26.5% | 7.7% | 30.6% | -69.6% |
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| Dividends per share [+] | $1.78 | $1.56 | $1.37 | $1.26 | $1.20 | $0.83 | $0.71 | $0.62 |
| Growth | 13.6% | 14.3% | 8.7% | 4.9% | 45.2% | 17.4% | 14.1% | |
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| Shares outstanding (basic) [+] | 275.0 | 285.0 | 284.0 | 273.0 | 273.0 | 336.0 | 339.0 | 356.0 |
| Growth | -3.5% | 0.4% | 4.0% | 0.0% | -18.8% | -0.9% | -4.8% | 158.0% |
| Shares outstanding (diluted) [+] | 277.0 | 287.0 | 286.0 | 277.0 | 278.0 | 345.0 | 350.0 | 368.0 |
| Growth | -3.5% | 0.3% | 3.2% | -0.4% | -19.4% | -1.4% | -4.9% | 166.7% |
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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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