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 | 24,634.0 | 15,355.0 | 43,259.0 | 41,303.0 | 37,784.0 | 36,558.0 | 37,864.0 | 38,901.0 |
Revenue growth | 60.4% | -64.5% | 4.7% | 9.3% | 3.4% | -3.4% | -2.7% | 1.6% |
Cost of goods sold | 21,428.0 | 17,897.0 | 28,498.0 | 28,063.0 | 24,909.0 | 22,780.0 | 24,133.0 | 27,890.0 |
Gross profit | 3,206.0 | -2,542.0 | 14,761.0 | 13,240.0 | 12,875.0 | 13,778.0 | 13,731.0 | 11,011.0 |
Gross margin | 13.0% | -16.6% | 34.1% | 32.1% | 34.1% | 37.7% | 36.3% | 28.3% |
Selling, general and administrative | | | | | | | 1,360.0 | |
Sales and marketing | 677.0 | 459.0 | 1,651.0 | 1,558.0 | 1,435.0 | 1,395.0 | 1,342.0 | 1,373.0 |
EBITA | -4,340.0 | -8,864.0 | 4,607.0 | 3,783.0 | 3,885.0 | 5,179.0 | 5,629.0 | 2,944.0 |
EBITA margin | -17.6% | -57.7% | 10.6% | 9.2% | 10.3% | 14.2% | 14.9% | 7.6% |
Amortization of intangibles | 49.0 | 55.0 | 60.0 | 67.0 | 79.0 | 90.0 | 105.0 | 128.0 |
EBIT | -4,389.0 | -8,919.0 | 4,547.0 | 3,716.0 | 3,806.0 | 5,089.0 | 5,524.0 | 2,816.0 |
EBIT margin | -17.8% | -58.1% | 10.5% | 9.0% | 10.1% | 13.9% | 14.6% | 7.2% |
Pre-tax income | -2,557.0 | -8,822.0 | 3,914.0 | 2,648.0 | 3,023.0 | 3,773.0 | 4,219.0 | 1,128.0 |
Income taxes | -593.0 | -1,753.0 | 905.0 | 526.0 | 880.0 | 1,539.0 | -3,121.0 | -4.0 |
Tax rate | 23.2% | 19.9% | 23.1% | 19.9% | 29.1% | 40.8% | | |
Net income | -1,964.0 | -7,069.0 | 3,009.0 | 2,122.0 | 2,143.0 | 2,234.0 | 7,340.0 | 1,132.0 |
Net margin | -8.0% | -46.0% | 7.0% | 5.1% | 5.7% | 6.1% | 19.4% | 2.9% |
|
Diluted EPS | ($6.10) | ($25.30) | $11.58 | $7.67 | $7.06 | $6.76 | $19.47 | $2.90 |
Shares outstanding (diluted) | 321.9 | 279.4 | 259.9 | 276.7 | 303.6 | 330.3 | 376.9 | 389.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|