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 | 23,814.0 | 15,790.0 | 9,048.0 | 22,428.0 | 21,965.0 | 21,146.0 | 33,361.0 | 19,820.0 |
Revenue growth | 50.8% | 74.5% | -59.7% | 2.1% | 3.9% | -36.6% | 68.3% | 6.5% |
Cost of goods sold | 16,203.0 | 13,363.0 | 10,650.0 | 15,226.0 | 14,706.0 | 13,674.0 | 13,072.0 | 12,408.0 |
Gross profit | 7,611.0 | 2,427.0 | -1,602.0 | 7,202.0 | 7,259.0 | 7,472.0 | 20,289.0 | 7,412.0 |
Gross margin | 32.0% | 15.4% | -17.7% | 32.1% | 33.0% | 35.3% | 60.8% | 37.4% |
Selling, general and administrative | 3,735.0 | 3,666.0 | 3,181.0 | 4,245.0 | 4,053.0 | 17,739.0 | 16,767.0 | 15,704.0 |
EBITA | 0.0 | 1,721.0 | -3,816.0 | 2,957.0 | 3,206.0 | 3,420.0 | 3,539.0 | 4,174.0 |
EBITA margin | 0.0% | 10.9% | -42.2% | 13.2% | 14.6% | 16.2% | 10.6% | 21.1% |
Amortization of intangibles | | | | | | 13.0 | 17.0 | 19.0 |
EBIT | 0.0 | 1,721.0 | -3,816.0 | 2,957.0 | 3,206.0 | 3,407.0 | 3,522.0 | 4,155.0 |
EBIT margin | 0.0% | 10.9% | -42.2% | 13.2% | 14.6% | 16.1% | 10.6% | 21.0% |
Pre-tax income | 0.0 | 1,325.0 | -4,256.0 | 2,957.0 | 3,164.0 | 3,265.0 | 3,450.0 | 3,479.0 |
Income taxes | 0.0 | 348.0 | -1,182.0 | 657.0 | 699.0 | -92.0 | 1,267.0 | 1,298.0 |
Tax rate | | 26.3% | 27.8% | 22.2% | 22.1% | | 36.7% | 37.3% |
Net income | 0.0 | 977.0 | -3,074.0 | 2,300.0 | 2,465.0 | 3,357.0 | 2,183.0 | 2,181.0 |
Net margin | 0.0% | 6.2% | -34.0% | 10.3% | 11.2% | 15.9% | 6.5% | 11.0% |
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Diluted EPS | | $1.60 | ($5.44) | $4.27 | $4.29 | $5.57 | $3.45 | $3.26 |
Shares outstanding (diluted) | | 609.0 | 565.0 | 539.0 | 574.0 | 603.0 | 633.0 | 669.0 |
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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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