Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 11,743.0 | 5,240.0 | 8,532.0 | 5,189.0 | 10,039.0 | 7,872.0 | 12,764.0 | 23,125.0 |
Revenue growth | | -38.6% | 64.4% | -48.3% | 27.5% | -38.3% | -44.8% | 21.2% |
Cost of goods sold | 242.0 | 149.0 | 224.0 | 189.0 | 134.0 | 74.0 | 8,275.0 | 13,875.0 |
Gross profit | 11,501.0 | 5,091.0 | 8,308.0 | 5,000.0 | 9,905.0 | 7,798.0 | 4,489.0 | 9,250.0 |
Gross margin | 97.9% | 97.2% | 97.4% | 96.4% | 98.7% | 99.1% | 35.2% | 40.0% |
General and administrative | 142.0 | 267.0 | 315.0 | 335.0 | 333.0 | 240.0 | 235.0 | 554.0 |
EBIT | 4,085.0 | -94.0 | 35.0 | 452.0 | 1,114.0 | -1,394.0 | -18,781.0 | 3,532.0 |
EBIT margin | 34.8% | -1.8% | 0.4% | 8.7% | 11.1% | -17.7% | -147.1% | 15.3% |
Pre-tax income | 3,651.0 | -9,769.0 | -639.0 | 218.0 | -500.0 | -4,589.0 | -19,098.0 | 3,200.0 |
Income taxes | -1,285.0 | -19.0 | -331.0 | -10.0 | 2.0 | -190.0 | -4,463.0 | 1,144.0 |
Tax rate | | 0.2% | 51.8% | | | 4.1% | 23.4% | 35.8% |
Net income | 4,869.0 | -9,756.0 | -416.0 | 133.0 | -631.0 | -4,915.0 | -14,738.0 | 1,273.0 |
Net margin | 41.5% | -186.2% | -4.9% | 2.6% | -6.3% | -62.4% | -115.5% | 5.5% |
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Diluted EPS | $33.36 | ($998.26) | ($49.97) | $29.26 | ($0.70) | ($6.43) | ($22.26) | $1.65 |
Shares outstanding (diluted) | 146.0 | 9.8 | 8.3 | 4.5 | 906.0 | 764.0 | 662.0 | 772.0 |
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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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