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 | 20,862.1 | 19,367.0 | 16,589.9 | 17,983.2 | 16,318.4 | 14,453.2 | 12,991.2 | 5,965.7 |
Revenue growth | 7.7% | 16.7% | -7.7% | 10.2% | 12.9% | 11.3% | 117.8% | 9.9% |
Cost of goods sold | 10,010.8 | 9,535.5 | 7,708.1 | 5,812.7 | 5,206.8 | 4,622.4 | 4,040.5 | 3,564.6 |
Gross profit | 10,851.3 | 9,831.5 | 8,881.8 | 12,170.5 | 11,111.6 | 9,830.8 | 8,950.7 | 2,401.1 |
Gross margin | 52.0% | 50.8% | 53.5% | 67.7% | 68.1% | 68.0% | 68.9% | 40.2% |
Selling, general and administrative | | | | | | | | |
General and administrative | 9,650.3 | 8,485.8 | 7,953.9 | 3,115.7 | 2,950.9 | 2,601.2 | 2,204.1 | 1,729.1 |
EBITA | 1,208.7 | 1,497.5 | 709.5 | 936.1 | 778.5 | 692.8 | 558.0 | 607.2 |
EBITA margin | 5.8% | 7.7% | 4.3% | 5.2% | 4.8% | 4.8% | 4.3% | 10.2% |
Amortization of intangibles | 184.8 | 159.9 | | | | 71.8 | | |
EBIT | 1,023.9 | 1,337.6 | 709.5 | 936.1 | 778.5 | 621.0 | 558.0 | 607.2 |
EBIT margin | 4.9% | 6.9% | 4.3% | 5.2% | 4.8% | 4.3% | 4.3% | 10.2% |
Pre-tax income | 994.2 | 1,223.6 | 529.6 | 697.6 | 706.0 | 535.8 | 463.7 | 579.1 |
Income taxes | 200.8 | 264.3 | 106.9 | 159.7 | 214.3 | 256.3 | 117.8 | 132.8 |
Tax rate | 20.2% | 21.6% | 20.2% | 22.9% | 30.4% | 47.8% | 25.4% | 22.9% |
Net income | 654.5 | 961.6 | 402.5 | 534.4 | 484.1 | 276.0 | 329.3 | 438.4 |
Net margin | 3.1% | 5.0% | 2.4% | 3.0% | 3.0% | 1.9% | 2.5% | 7.3% |
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Diluted EPS | $13.26 | $18.47 | $7.70 | $10.87 | $10.54 | $6.03 | $7.23 | $9.65 |
Shares outstanding (diluted) | 49.3 | 52.1 | 52.3 | 49.2 | 45.9 | 45.8 | 45.5 | 45.4 |
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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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