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 | 13,481.9 | 10,600.2 | 11,597.9 | 11,601.4 | 11,123.7 | 10,887.6 | 10,632.5 | 9,937.9 |
Revenue growth | 27.2% | -8.6% | 0.0% | 4.3% | 2.2% | 2.4% | 7.0% | 11.4% |
Cost of goods sold | 11,041.2 | 8,866.1 | 9,835.5 | 9,876.3 | 9,478.2 | 9,292.5 | 9,098.5 | 8,490.0 |
Gross profit | 2,440.7 | 1,734.1 | 1,762.4 | 1,725.1 | 1,645.5 | 1,595.1 | 1,534.0 | 1,447.9 |
Gross margin | 18.1% | 16.4% | 15.2% | 14.9% | 14.8% | 14.7% | 14.4% | 14.6% |
Selling, general and administrative | 1,477.2 | 1,138.2 | 1,312.4 | 1,273.1 | 1,226.2 | 1,170.8 | 1,120.8 | 1,062.0 |
EBIT | 886.1 | 522.4 | 380.0 | 391.1 | 366.4 | 373.1 | 365.9 | 343.6 |
EBIT margin | 6.6% | 4.9% | 3.3% | 3.4% | 3.3% | 3.4% | 3.4% | 3.5% |
Pre-tax income | 800.9 | 380.8 | 222.7 | 205.4 | 219.0 | 227.4 | 182.2 | 164.4 |
Income taxes | 175.5 | 84.2 | 53.7 | 47.6 | 5.6 | 80.3 | 88.2 | 71.4 |
Tax rate | 21.9% | 22.1% | 24.1% | 23.2% | 2.6% | 35.3% | 48.4% | 43.4% |
Net income | 552.1 | 286.5 | 174.0 | 157.8 | 213.4 | 147.1 | 94.0 | 93.0 |
Net margin | 4.1% | 2.7% | 1.5% | 1.4% | 1.9% | 1.4% | 0.9% | 0.9% |
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Diluted EPS | $35.29 | $16.66 | $9.42 | $8.11 | $10.45 | $6.95 | $4.06 | $3.74 |
Shares outstanding (diluted) | 17.7 | 17.8 | 17.9 | 19.5 | 20.4 | 21.2 | 23.2 | 24.9 |
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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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