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 | 34,477.0 | 28,673.4 | 28,916.8 | 29,676.8 | 26,554.6 | 23,487.9 | 23,282.0 | 22,768.7 |
Revenue growth | 20.2% | -0.8% | -2.6% | 11.8% | 13.1% | 0.9% | 2.3% | 6.6% |
Cost of goods sold | 30,274.7 | 25,482.2 | 25,618.5 | 25,975.9 | 23,197.6 | 20,343.6 | 20,246.8 | 19,772.8 |
Gross profit | 4,202.4 | 3,191.1 | 3,298.4 | 3,700.9 | 3,357.0 | 3,144.3 | 3,035.3 | 2,995.9 |
Gross margin | 12.2% | 11.1% | 11.4% | 12.5% | 12.6% | 13.4% | 13.0% | 13.2% |
Selling, general and administrative | 2,435.0 | 2,087.1 | 2,191.6 | 2,303.1 | 2,162.0 | 2,046.9 | 1,986.2 | 1,959.7 |
EBITA | 1,606.9 | 953.4 | 1,029.2 | 1,287.6 | 1,116.4 | 1,000.7 | 951.3 | 931.5 |
EBITA margin | 4.7% | 3.3% | 3.6% | 4.3% | 4.2% | 4.3% | 4.1% | 4.1% |
Amortization of intangibles | 36.9 | 38.4 | 48.1 | 49.4 | 50.1 | 54.9 | 51.0 | 44.1 |
EBIT | 1,570.0 | 915.0 | 981.1 | 1,238.3 | 1,066.3 | 945.8 | 900.3 | 887.4 |
EBIT margin | 4.6% | 3.2% | 3.4% | 4.2% | 4.0% | 4.0% | 3.9% | 3.9% |
Pre-tax income | 1,436.4 | 759.3 | -111.8 | 909.4 | 693.9 | 715.5 | 692.2 | 683.3 |
Income taxes | 325.9 | 172.8 | 88.3 | 187.8 | 286.5 | 190.7 | 191.7 | 184.9 |
Tax rate | 22.7% | 22.8% | | 20.7% | 41.3% | 26.7% | 27.7% | 27.1% |
Net income | 1,108.2 | 584.4 | -204.1 | 716.2 | 402.2 | 522.8 | 497.7 | 498.0 |
Net margin | 3.2% | 2.0% | -0.7% | 2.4% | 1.5% | 2.2% | 2.1% | 2.2% |
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Diluted EPS | $15.10 | $7.43 | ($2.44) | $8.10 | $4.48 | $5.68 | $5.20 | $4.98 |
Shares outstanding (diluted) | 73.4 | 78.6 | 83.6 | 88.4 | 89.8 | 92.0 | 95.7 | 99.9 |
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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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