Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-05-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-05-17 |
Revenues | 20,642.0 | 18,469.0 | 17,129.0 | 17,129.0 | 16,759.0 | 16,759.0 | 17,135.0 | 17,135.0 |
Revenue growth | 11.8% | 7.8% | 2.2% | 2.2% | -2.2% | -2.2% | -3.0% | |
Cost of goods sold | 10,200.0 | 8,684.0 | 8,725.0 | 27,223.0 | 7,153.0 | 26,459.0 | 14,230.0 | 14,230.0 |
Gross profit | 10,442.0 | 9,785.0 | 8,404.0 | -10,094.0 | 9,606.0 | -9,700.0 | 2,905.0 | 2,905.0 |
Gross margin | 50.6% | 53.0% | 49.1% | -58.9% | 57.3% | -57.9% | 17.0% | 17.0% |
Selling, general and administrative | 444.0 | 1,871.0 | 108.0 | -346.0 | 19,306.0 | 0.0 | 0.0 | 0.0 |
EBIT | 2,327.0 | 3,626.0 | -9,986.0 | -10,440.0 | -9,700.0 | -9,700.0 | 2,905.0 | 2,905.0 |
EBIT margin | 11.3% | 19.6% | -58.3% | -60.9% | -57.9% | -57.9% | 17.0% | 17.0% |
Pre-tax income | 748.0 | -942.0 | -11,042.0 | -11,042.0 | -10,129.0 | -10,129.0 | 2,171.0 | 2,171.0 |
Income taxes | 836.0 | 362.0 | -3,400.0 | -3,400.0 | -3,292.0 | -3,292.0 | 511.0 | 511.0 |
Tax rate | 111.8% | | 30.8% | 30.8% | 32.5% | 32.5% | 23.5% | 23.5% |
Net income | -102.0 | -1,318.0 | -7,656.0 | -7,656.0 | -6,851.0 | -6,851.0 | 1,646.0 | 1,646.0 |
Net margin | -0.5% | -7.1% | -44.7% | -44.7% | -40.9% | -40.9% | 9.6% | 9.6% |
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Diluted EPS | ($0.05) | ($1.05) | ($14.50) | ($14.50) | ($13.25) | ($13.25) | $3.21 | $3.21 |
Shares outstanding (diluted) | 1,985.0 | 1,257.0 | 528.0 | 528.0 | 517.0 | 517.0 | 513.0 | 513.0 |
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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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