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 | 1,100.0 | 1,100.0 | 1,100.0 | 45,764.0 | 43,634.0 | 41,581.0 | 29,003.0 | 9,754.0 |
Revenue growth | 0.0% | 0.0% | -97.6% | 4.9% | 4.9% | 43.4% | 197.3% | 7.1% |
Cost of goods sold | 9,184.0 | 9,674.0 | 9,762.0 | 10,029.0 | 10,553.0 | 10,934.0 | 7,892.0 | 2,214.0 |
Gross profit | -8,084.0 | -8,574.0 | -8,662.0 | 35,735.0 | 33,081.0 | 30,647.0 | 21,111.0 | 7,540.0 |
Gross margin | -734.9% | -779.5% | -787.5% | 78.1% | 75.8% | 73.7% | 72.8% | 77.3% |
Selling, general and administrative | 32,876.0 | 31,482.0 | 29,930.0 | 29,224.0 | 27,860.0 | 26,541.0 | 18,655.0 | 6,426.0 |
EBITA | 13,535.0 | 12,375.0 | 10,395.0 | 8,772.0 | 7,771.0 | 6,785.0 | 4,373.0 | 1,400.0 |
EBITA margin | 1230.5% | 1125.0% | 945.0% | 19.2% | 17.8% | 16.3% | 15.1% | 14.4% |
Amortization of intangibles | 1,300.0 | 1,600.0 | 1,900.0 | 2,200.0 | 2,400.0 | 2,700.0 | 1,900.0 | 271.0 |
EBIT | 12,235.0 | 10,775.0 | 8,495.0 | 6,572.0 | 5,371.0 | 4,085.0 | 2,473.0 | 1,129.0 |
EBIT margin | 1112.3% | 979.5% | 772.3% | 14.4% | 12.3% | 9.8% | 8.5% | 11.6% |
Pre-tax income | 7,462.0 | 6,388.0 | 4,302.0 | 2,431.0 | 1,686.0 | 1,028.0 | 820.0 | -331.0 |
Income taxes | 1,613.0 | 1,068.0 | 626.0 | 439.0 | 180.0 | -9,087.0 | -2,925.0 | -60.0 |
Tax rate | 21.6% | 16.7% | 14.6% | 18.1% | 10.7% | | | 18.1% |
Net income | 5,055.0 | 4,654.0 | 3,222.0 | 1,668.0 | 1,230.0 | 9,895.0 | 3,522.0 | -271.0 |
Net margin | 459.5% | 423.1% | 292.9% | 3.6% | 2.8% | 23.8% | 12.1% | -2.8% |
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Diluted EPS | $30.74 | $24.11 | $15.40 | $7.45 | $5.22 | $33.35 | $15.00 | ($2.68) |
Shares outstanding (diluted) | 164.4 | 193.0 | 209.3 | 223.8 | 235.5 | 296.7 | 234.8 | 101.2 |
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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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