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 | 67,417.0 | 38,954.0 | 54,213.0 | 54,087.0 | 40,523.0 | 31,792.0 | 36,096.0 | 55,691.0 |
Revenue growth | 73.1% | -28.1% | 0.2% | 33.5% | 27.5% | -11.9% | -35.2% | 15.2% |
Cost of goods sold | 53,969.0 | 28,705.0 | 43,095.0 | 44,692.0 | 33,610.0 | 26,029.0 | 30,971.0 | 50,516.0 |
Gross profit | 13,448.0 | 10,249.0 | 11,118.0 | 9,395.0 | 6,913.0 | 5,763.0 | 5,125.0 | 5,175.0 |
Gross margin | 19.9% | 26.3% | 20.5% | 17.4% | 17.1% | 18.1% | 14.2% | 9.3% |
Selling, general and administrative | 818.0 | 711.0 | 694.0 | 702.0 | 599.0 | 656.0 | 548.0 | 611.0 |
EBIT | 9,059.0 | 5,979.0 | 7,579.0 | 6,178.0 | 3,904.0 | 3,161.0 | 2,902.0 | 3,172.0 |
EBIT margin | 13.4% | 15.3% | 14.0% | 11.4% | 9.6% | 9.9% | 8.0% | 5.7% |
Pre-tax income | 6,871.0 | 377.0 | 5,020.0 | 3,689.0 | 710.0 | 204.0 | 900.0 | 1,417.0 |
Income taxes | 184.0 | 237.0 | 195.0 | 4.0 | -1,833.0 | -258.0 | -123.0 | 357.0 |
Tax rate | 2.7% | 62.9% | 3.9% | 0.1% | | | | 25.2% |
Earnings from continuing ops | 5,179.0 | -647.0 | 3,514.0 | 1,978.0 | 1,092.0 | 1,445.0 | 1,145.0 | 565.0 |
Earnings from discontinued ops | | | | -265.0 | -177.0 | -462.0 | 38.0 | 64.0 |
Net income | 5,179.0 | -647.0 | 3,514.0 | 1,713.0 | 915.0 | 983.0 | 1,183.0 | 629.0 |
Net margin | 7.7% | -1.7% | 6.5% | 3.2% | 2.3% | 3.1% | 3.3% | 1.1% |
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Diluted EPS | $1.89 | ($0.24) | $1.33 | $1.35 | $0.95 | $1.34 | $1.08 | $0.52 |
Shares outstanding (diluted) | 2,739.5 | 2,695.6 | 2,637.6 | 1,461.4 | 1,150.8 | 1,078.6 | 1,064.4 | 1,090.8 |
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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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