Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 12,617.0 | 11,141.0 | 9,660.0 | 10,189.0 | 10,736.0 | 10,530.0 | 10,281.0 | 11,260.0 |
Revenue growth | 13.2% | 15.3% | -5.2% | -5.1% | 2.0% | 2.4% | -8.7% | -30.2% |
Cost of goods sold | 10,069.0 | 8,430.0 | 6,967.0 | 7,840.0 | 8,163.0 | 8,066.0 | 7,901.0 | 8,597.0 |
Gross profit | 2,548.0 | 2,711.0 | 2,693.0 | 2,349.0 | 2,573.0 | 2,464.0 | 2,380.0 | 2,663.0 |
Gross margin | 20.2% | 24.3% | 27.9% | 23.1% | 24.0% | 23.4% | 23.1% | 23.7% |
Selling, general and administrative | | | | | | | | |
General and administrative | 207.0 | 166.0 | 165.0 | 196.0 | 192.0 | 215.0 | 194.0 | 196.0 |
EBIT | -505.0 | -955.0 | 149.0 | 477.0 | 777.0 | 499.0 | 1,279.0 | 1,727.0 |
EBIT margin | -4.0% | -8.6% | 1.5% | 4.7% | 7.2% | 4.7% | 12.4% | 15.3% |
Pre-tax income | -505.0 | -951.0 | 152.0 | 478.0 | 277.0 | -521.0 | 354.0 | 513.0 |
Income taxes | 41.0 | -542.0 | 106.0 | 175.0 | -708.0 | -990.0 | -32.0 | -412.0 |
Tax rate | | 57.0% | 69.7% | 36.6% | | 190.0% | | |
Earnings from continuing ops | -1,092.0 | -822.0 | 89.0 | 605.0 | 2,190.0 | 232.0 | 706.0 | 762.0 |
Earnings from discontinued ops | | 4.0 | 3.0 | 1.0 | 216.0 | -611.0 | -1,119.0 | |
Net income | -1,092.0 | -818.0 | 92.0 | 606.0 | 2,406.0 | -379.0 | -413.0 | 762.0 |
Net margin | -8.7% | -7.3% | 1.0% | 5.9% | 22.4% | -3.6% | -4.0% | 6.8% |
|
Diluted EPS | | | | $27.95 | $3.29 | $0.35 | $1.07 | $1.11 |
Shares outstanding (diluted) | | | | 21.6 | 665.0 | 660.0 | 660.0 | 689.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|