Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 0 | 0 | 0 | 115,892 | 146,529 | 112,425 |
Revenue growth | | | | -20.9% | 30.3% | |
Cost of goods sold | 0 | 0 | 0 | -49,584 | 73,298 | -50,451 |
Gross profit | 0 | 0 | 0 | 165,476 | 73,231 | 162,876 |
Gross margin | | | | 142.8% | 50.0% | 144.9% |
Selling, general and administrative | 0 | 0 | 0 | 7,020 | 7,429 | 6,250 |
Research and development | | | | 681 | 941 | 881 |
EBIT | 0 | 0 | 0 | 21,869 | 25,294 | 20,451 |
EBIT margin | | | | 18.9% | 17.3% | 18.2% |
Pre-tax income | 0 | 0 | 0 | 22,061 | 26,992 | 19,299 |
Income taxes | 0 | 0 | 0 | -5,238 | -9,259 | -5,888 |
Net income | 0 | 0 | 0 | 16,823 | 17,733 | 13,411 |
Net margin | | | | 14.5% | 12.1% | 11.9% |
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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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