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 | 10,641.7 | 10,309.5 | 10,171.9 | 9,589.2 | 6,565.3 | 6,340.7 | 5,726.7 | 8,842.6 |
Revenue growth | 3.2% | 1.4% | 6.1% | 46.1% | 3.5% | 10.7% | -35.2% | 244.6% |
Cost of goods sold | 2,639.0 | 2,528.9 | 2,548.8 | 2,459.2 | 2,564.4 | 2,338.2 | 2,190.1 | 1,968.5 |
Gross profit | 8,002.8 | 7,780.6 | 7,623.1 | 7,130.0 | 4,000.8 | 4,002.4 | 3,536.6 | 6,874.1 |
Gross margin | 75.2% | 75.5% | 74.9% | 74.4% | 60.9% | 63.1% | 61.8% | 77.7% |
Sales and marketing | | | | | | | | 59.1 |
General and administrative | 7,297.9 | 9,317.4 | 7,710.0 | 7,031.6 | 8,577.7 | 8,018.9 | 6,874.7 | 4,983.8 |
EBITA | -145.7 | -1,719.0 | -191.4 | -208.8 | -4,846.4 | -4,185.5 | 922.8 | 4,978.3 |
EBITA margin | -1.4% | -16.7% | -1.9% | -2.2% | -73.8% | -66.0% | 16.1% | 56.3% |
Amortization of intangibles | | | | | | | 79.9 | 105.4 |
EBIT | -145.7 | -1,719.0 | -191.4 | -208.8 | -4,846.4 | -4,185.5 | 842.9 | 4,872.9 |
EBIT margin | -1.4% | -16.7% | -1.9% | -2.2% | -73.8% | -66.0% | 14.7% | 55.1% |
Pre-tax income | 4,704.9 | -766.9 | 1,514.0 | 1,416.9 | 800.9 | 954.5 | -3,655.2 | 4,707.2 |
Income taxes | 1,083.6 | -110.6 | 472.2 | 425.9 | -157.0 | 313.7 | -599.8 | 1,673.1 |
Tax rate | 23.0% | 14.4% | 31.2% | 30.1% | | 32.9% | 16.4% | 35.5% |
Net income | 2,982.4 | -840.4 | 753.2 | 707.4 | 552.4 | 362.9 | -1,401.7 | 2,569.4 |
Net margin | 28.0% | -8.2% | 7.4% | 7.4% | 8.4% | 5.7% | -24.5% | 29.1% |
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Diluted EPS | | | | | | | | |
Shares outstanding (diluted) | | | | | | | | |
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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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