Financial Summary (All financials)
In millions, except per share items | Mar-31-23 | Mar-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 5,903.6 | 5,727.2 | 5,683.5 | 4,474.7 | 5,267.1 | 5,193.2 | 4,989.2 | 4,833.3 |
Revenue growth | 3.1% | | 27.0% | -15.0% | 1.4% | 4.1% | 3.2% | 22.0% |
Cost of goods sold | 3,254.3 | 2,889.2 | 2,822.0 | 2,314.6 | 2,796.6 | 2,852.7 | 2,737.8 | 2,584.7 |
Gross profit | 2,649.3 | 2,838.0 | 2,861.5 | 2,160.1 | 2,470.5 | 2,340.5 | 2,251.4 | 2,248.6 |
Gross margin | 44.9% | 49.6% | 50.3% | 48.3% | 46.9% | 45.1% | 45.1% | 46.5% |
Selling, general and administrative | 2,365.5 | 2,414.5 | 2,334.7 | 2,171.9 | 2,233.8 | 2,182.3 | 2,099.5 | 1,831.1 |
EBITA | 287.8 | 423.6 | 527.6 | 2.4 | 290.5 | 367.2 | 289.2 | 430.5 |
EBITA margin | 4.9% | 7.4% | 9.3% | 0.1% | 5.5% | 7.1% | 5.8% | 8.9% |
Amortization of intangibles | 1.9 | | 2.0 | 7.0 | 6.1 | 6.1 | 8.2 | 13.0 |
EBIT | 285.9 | 423.6 | 525.6 | -4.6 | 284.4 | 361.1 | 281.0 | 417.5 |
EBIT margin | 4.8% | 7.4% | 9.2% | -0.1% | 5.4% | 7.0% | 5.6% | 8.6% |
Pre-tax income | 287.8 | 253.1 | 390.9 | -492.5 | 209.8 | -67.8 | -10.3 | 388.3 |
Income taxes | -101.0 | 30.4 | 32.1 | 49.4 | 70.0 | -20.6 | 38.0 | 131.3 |
Tax rate | | 12.0% | 8.2% | | 33.4% | 30.3% | | 33.8% |
Net income | 386.8 | 0.0 | 360.1 | -549.2 | 92.1 | -46.3 | -48.3 | 257.0 |
Net margin | 6.6% | 0.0% | 6.3% | -12.3% | 1.7% | -0.9% | -1.0% | 5.3% |
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Diluted EPS | $0.84 | | $0.77 | ($1.21) | $0.20 | ($0.10) | ($0.11) | $0.58 |
Shares outstanding (diluted) | 461.5 | | 468.6 | 454.1 | 454.3 | 445.8 | 440.7 | 444.8 |
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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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