Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | -114 | 94 | -223 | 0 |
Revenue growth | -221.3% | -142.2% | | |
Cost of goods sold | -268 | 204 | -123 | 207 |
Gross profit | 154 | -110 | -100 | -207 |
Gross margin | -135.1% | -117.0% | 44.8% | |
General and administrative | 483 | 376 | 290 | 406 |
EBIT | 7,490 | -5,646 | 13,512 | -141 |
EBIT margin | -6570.2% | -6006.4% | -6059.2% | |
Pre-tax income | 5,734 | 1,891 | -4,840 | -3,008 |
Income taxes | 1,652 | 578 | 64 | 674 |
Tax rate | 28.8% | 30.6% | | |
Net income | 3,674 | 973 | -4,860 | -3,553 |
Net margin | -3222.8% | 1035.1% | 2179.4% | |
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Diluted EPS | $11.03 | $2.59 | ($12.86) | ($9.42) |
Shares outstanding (diluted) | 333 | 375 | 378 | 377 |
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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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