Financial Summary (All financials)
| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| Revenues | 5,939 | 4,443 | 2,918 | 4,422 | 8,019 |
| Revenue growth | 33.7% | 52.3% | -34.0% | -44.9% | |
| Cost of goods sold | 454 | 506 | 598 | 1,975 | 2,163 |
| Gross profit | 5,485 | 3,937 | 2,320 | 2,447 | 5,856 |
| Gross margin | 92.4% | 88.6% | 79.5% | 55.3% | 73.0% |
| General and administrative | 304 | 366 | 408 | 419 | 537 |
| EBIT | 1,694 | 1,068 | -485 | 172 | 4,431 |
| EBIT margin | 28.5% | 24.0% | -16.6% | 3.9% | 55.3% |
| Pre-tax income | 1,163 | 1,430 | -1,620 | -8,010 | 4,629 |
| Income taxes | 94 | 603 | -676 | -2,845 | 1,203 |
| Tax rate | 8.1% | 42.2% | 41.7% | 35.5% | 26.0% |
| Net income | 1,069 | 827 | -944 | -5,165 | 3,392 |
| Net margin | 18.0% | 18.6% | -32.4% | -116.8% | 42.3% |
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| Diluted EPS | $1.11 | $0.85 | ($1.07) | ($6.28) | $4.58 |
| Shares outstanding (diluted) | 960 | 973 | 883 | 822 | 741 |
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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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