Financial Summary (All financials)
In millions, except per share items | Aug-31-23 | Aug-31-22 | Aug-31-21 | Aug-31-20 | Aug-31-19 | Aug-31-18 | Aug-31-17 | Aug-31-16 |
Revenues | 34,702.0 | 33,478.0 | 29,285.0 | 27,266.0 | 25,282.0 | 22,095.4 | 19,063.1 | 18,353.1 |
Revenue growth | 3.7% | 14.3% | 7.4% | 7.8% | 14.4% | 15.9% | 3.9% | 2.5% |
Cost of goods sold | 31,835.0 | 30,846.0 | 26,926.0 | 25,335.0 | 23,369.0 | 20,388.6 | 17,517.5 | 16,825.4 |
Gross profit | 2,867.0 | 2,632.0 | 2,359.0 | 1,931.0 | 1,913.0 | 1,706.8 | 1,545.6 | 1,527.7 |
Gross margin | 8.3% | 7.9% | 8.1% | 7.1% | 7.6% | 7.7% | 8.1% | 8.3% |
Selling, general and administrative | 1,206.0 | 1,154.0 | 1,213.0 | 1,175.0 | 1,111.0 | 1,091.2 | 941.3 | 957.7 |
Research and development | 34.0 | 33.0 | 34.0 | 43.0 | 43.0 | 38.5 | 29.7 | 32.0 |
General and administrative | | | | | | 40.5 | 33.6 | |
EBITA | 1,627.0 | 1,445.0 | 1,117.0 | 754.0 | 755.0 | 633.8 | 702.6 | 572.5 |
EBITA margin | 4.7% | 4.3% | 3.8% | 2.8% | 3.0% | 2.9% | 3.7% | 3.1% |
Amortization of intangibles | 33.0 | 34.0 | 47.0 | 56.0 | 32.0 | 38.5 | 35.5 | 37.1 |
EBIT | 1,594.0 | 1,411.0 | 1,070.0 | 698.0 | 723.0 | 595.3 | 667.1 | 535.4 |
EBIT margin | 4.6% | 4.2% | 3.7% | 2.6% | 2.9% | 2.7% | 3.5% | 2.9% |
Pre-tax income | 1,262.0 | 1,231.0 | 944.0 | 261.0 | 451.0 | 373.4 | 256.2 | 387.0 |
Income taxes | 444.0 | 235.0 | 246.0 | 204.0 | 162.0 | 285.9 | 129.1 | 132.1 |
Tax rate | 35.2% | 19.1% | 26.1% | 78.2% | 35.9% | 76.6% | 50.4% | 34.1% |
Net income | 818.0 | 996.0 | 696.0 | 54.0 | 287.0 | 86.3 | 129.1 | 254.1 |
Net margin | 2.4% | 3.0% | 2.4% | 0.2% | 1.1% | 0.4% | 0.7% | 1.4% |
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Diluted EPS | $6.02 | $6.90 | $4.58 | $0.35 | $1.81 | $0.49 | $0.69 | $1.32 |
Shares outstanding (diluted) | 135.9 | 144.4 | 152.1 | 155.3 | 158.6 | 175.0 | 185.8 | 192.8 |
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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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