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 | 13,399.4 | 12,642.1 | 11,558.9 | 11,378.3 | 10,772.3 | 10,409.9 | 18,256.3 | 9,043.5 |
Revenue growth | 6.0% | 9.4% | 1.6% | 5.6% | 3.5% | -43.0% | 101.9% | 10.2% |
Cost of goods sold | 6,762.3 | 6,163.9 | 5,613.1 | 8,312.8 | 7,869.2 | 7,473.7 | 0.0 | 6,332.2 |
Gross profit | 6,637.1 | 6,478.2 | 5,945.8 | 3,065.5 | 2,903.1 | 2,936.2 | 18,256.3 | 2,711.3 |
Gross margin | 49.5% | 51.2% | 51.4% | 26.9% | 26.9% | 28.2% | 100.0% | 30.0% |
Selling, general and administrative | | | | | | | | |
General and administrative | 1,474.3 | 1,427.1 | 1,288.1 | 1,251.3 | 1,274.7 | 1,208.2 | 5,714.2 | 1,069.1 |
EBIT | -18,154.5 | -16,079.9 | -4,254.7 | 1,215.9 | 1,175.3 | 1,280.2 | 1,281.4 | 1,259.4 |
EBIT margin | -135.5% | -127.2% | -36.8% | 10.7% | 10.9% | 12.3% | 7.0% | 13.9% |
Pre-tax income | 866.3 | 1,293.3 | 1,252.1 | 1,066.3 | 1,034.5 | 1,135.0 | 1,156.4 | 1,145.9 |
Income taxes | 209.3 | 305.7 | 299.3 | 238.8 | 236.6 | 363.7 | 409.2 | 395.2 |
Tax rate | 24.2% | 23.6% | 23.9% | 22.4% | 22.9% | 32.0% | 35.4% | 34.5% |
Net income | 675.6 | 991.6 | 944.0 | 814.9 | 779.7 | 752.3 | 702.4 | 680.5 |
Net margin | 5.0% | 7.8% | 8.2% | 7.2% | 7.2% | 7.2% | 3.8% | 7.5% |
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Diluted EPS | $9.15 | $11.85 | $11.03 | $9.15 | $8.32 | $7.81 | $7.14 | $6.76 |
Shares outstanding (diluted) | 73.8 | 83.7 | 85.6 | 89.0 | 93.8 | 96.3 | 98.4 | 100.7 |
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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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