Financial Summary (All financials)
In millions of CAD, 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 |
Revenues | 14,112 | 12,952 | 12,647 | 12,670 | 12,794 | 13,449 | 12,547 |
Revenue growth | 9.0% | 2.4% | -0.2% | -1.0% | -4.9% | 7.2% | |
Cost of goods sold | 6,314 | 4,959 | 4,605 | 5,005 | 5,648 | 4,475 | 6,588 |
Gross profit | 7,798 | 7,993 | 8,042 | 7,665 | 7,146 | 8,974 | 5,959 |
Gross margin | 55.3% | 61.7% | 63.6% | 60.5% | 55.9% | 66.7% | 47.5% |
Selling, general and administrative | 3,037 | 5,297 | 2,590 | 2,464 | 3,151 | 3,312 | 3,327 |
EBIT | 2,196 | 5,238 | 5,406 | 5,541 | 5,446 | 6,069 | 1,811 |
EBIT margin | 15.6% | 40.4% | 42.7% | 43.7% | 42.6% | 45.1% | 14.4% |
Pre-tax income | 1,374 | 2,166 | 5,107 | 5,187 | 3,949 | 3,306 | 837 |
Income taxes | 589 | 120 | 194 | 754 | 1,031 | 626 | 352 |
Tax rate | 42.9% | 5.5% | 3.8% | 14.5% | 26.1% | 18.9% | 42.1% |
Net income | 641 | 1,815 | 4,457 | 3,976 | 3,539 | 2,997 | 124 |
Net margin | 4.5% | 14.0% | 35.2% | 31.4% | 27.7% | 22.3% | 1.0% |
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Diluted EPS | $0.64 | $1.86 | $4.74 | $4.27 | $3.92 | $3.43 | $0.16 |
Shares outstanding (diluted) | 996 | 974 | 940 | 931 | 903 | 874 | 760 |
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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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