Financial Summary (All financials)
In millions, except per share items | Aug-31-22 | Aug-31-21 | Aug-31-20 | Aug-31-19 | Aug-31-18 | Aug-31-17 | Aug-31-16 | Aug-31-15 |
Revenues | 132,703 | 132,509 | 121,982 | 120,074 | 131,537 | 118,214 | 117,351 | 103,444 |
Revenue growth | 0.1% | 8.6% | 1.6% | -8.7% | 11.3% | 0.7% | 13.4% | 35.4% |
Cost of goods sold | 104,437 | 104,442 | 95,905 | 91,915 | 100,745 | 89,052 | 87,477 | 76,691 |
Gross profit | 28,266 | 28,067 | 26,077 | 28,159 | 30,792 | 29,162 | 29,874 | 26,753 |
Gross margin | 21.3% | 21.2% | 21.4% | 23.5% | 23.4% | 24.7% | 25.5% | 25.9% |
Selling, general and administrative | 27,295 | 24,586 | 25,436 | 23,557 | 24,694 | 23,813 | 23,910 | 22,400 |
EBITA | 2,026 | 2,865 | 1,419 | 5,508 | 7,156 | 6,004 | 6,434 | 5,148 |
EBITA margin | 1.5% | 2.2% | 1.2% | 4.6% | 5.4% | 5.1% | 5.5% | 5.0% |
Amortization of intangibles | 639 | 523 | 384 | 473 | 493 | 385 | 396 | 480 |
EBIT | 1,387 | 2,342 | 1,035 | 5,035 | 6,663 | 5,619 | 6,038 | 4,668 |
EBIT margin | 1.0% | 1.8% | 0.8% | 4.2% | 5.1% | 4.8% | 5.1% | 4.5% |
Pre-tax income | 3,985 | 1,995 | 446 | 4,359 | 5,975 | 4,853 | 5,144 | 5,311 |
Income taxes | -30 | 667 | 339 | 577 | 998 | 760 | 997 | 1,056 |
Tax rate | | 33.4% | 76.0% | 13.2% | 16.7% | 15.7% | 19.4% | 19.9% |
Earnings from continuing ops | 4,065 | 1,955 | 138 | 3,790 | 5,024 | 4,078 | 4,173 | 4,220 |
Earnings from discontinued ops | | 557 | 286 | 172 | | | | |
Net income | 4,065 | 2,512 | 424 | 3,962 | 5,024 | 4,078 | 4,173 | 4,220 |
Net margin | 3.1% | 1.9% | 0.3% | 3.3% | 3.8% | 3.4% | 3.6% | 4.1% |
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Diluted EPS | $4.69 | $2.26 | $0.16 | $4.10 | $5.05 | $3.78 | $3.82 | $4.00 |
Shares outstanding (diluted) | 866 | 866 | 880 | 924 | 995 | 1,079 | 1,091 | 1,054 |
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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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