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 | 20,724.4 | 18,001.0 | 20,863.5 | 21,991.2 | 21,034.3 | 19,654.1 | 19,329.9 | 20,762.9 |
Revenue growth | 15.1% | -13.7% | -5.1% | 4.5% | 7.0% | 1.7% | -6.9% | 2.5% |
Cost of goods sold | 17,316.9 | 15,176.3 | 17,488.4 | 18,412.2 | 17,549.7 | 16,320.3 | 16,034.1 | 17,274.6 |
Gross profit | 3,407.5 | 2,824.7 | 3,375.1 | 3,579.0 | 3,484.6 | 3,333.8 | 3,295.8 | 3,488.3 |
Gross margin | 16.4% | 15.7% | 16.2% | 16.3% | 16.6% | 17.0% | 17.1% | 16.8% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 2,782.3 | 2,695.4 | 2,588.3 | 2,606.9 | 2,768.3 |
EBITA | 607.0 | 170.1 | 881.4 | 831.8 | 823.8 | 781.5 | 721.7 | 753.3 |
EBITA margin | 2.9% | 0.9% | 4.2% | 3.8% | 3.9% | 4.0% | 3.7% | 3.6% |
Amortization of intangibles | 24.2 | 27.2 | 29.8 | 35.1 | 34.6 | 36.0 | 32.8 | 33.4 |
EBIT | 582.8 | 142.9 | 851.6 | 796.7 | 789.2 | 745.5 | 688.9 | 719.9 |
EBIT margin | 2.8% | 0.8% | 4.1% | 3.6% | 3.8% | 3.8% | 3.6% | 3.5% |
Pre-tax income | 568.1 | 147.7 | 685.5 | 754.7 | 737.3 | 701.3 | 660.7 | 681.6 |
Income taxes | 185.7 | 123.9 | 219.8 | 198.0 | 191.9 | 257.6 | 241.5 | 254.0 |
Tax rate | 32.7% | 83.9% | 32.1% | 26.2% | 26.0% | 36.7% | 36.6% | 37.3% |
Net income | 0.0 | 0.0 | 0.0 | 556.7 | 545.4 | 433.6 | 412.6 | 427.6 |
Net margin | 0.0% | 0.0% | 0.0% | 2.5% | 2.6% | 2.2% | 2.1% | 2.1% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $8.55 | $8.03 | $6.12 | $5.31 | $5.30 |
Shares outstanding (diluted) | 55.4 | 58.3 | 60.3 | 65.1 | 67.9 | 70.8 | 77.7 | 80.7 |
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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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