Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Emerging Markets | 20,097.0 | 20,701.0 | 8,372.0 | 8,828.0 | | 11,399.0 | 10,420.0 | 11,136.0 |
Europe | 21,982.0 | 18,336.0 | 7,788.0 | 7,729.0 | | 8,508.0 | 9,306.0 | 9,714.0 |
Developed Rest of World | 15,778.0 | 12,506.0 | 4,036.0 | 4,022.0 | | 6,612.0 | 6,729.0 | 6,298.0 |
Other products | | | | | | 3,472.0 | | |
Other | 42,473.0 | 29,745.0 | 21,455.0 | 20,326.0 | | 22,555.0 | 26,369.0 | 21,703.0 |
Total revenues | 100,330.0 | 81,288.0 | 41,651.0 | 40,905.0 | 40,825.0 | 52,546.0 | 52,824.0 | 48,851.0 |
Revenue growth [+] | 23.4% | 95.2% | 1.8% | 0.2% | -22.3% | -0.5% | 8.1% | -1.5% |
Emerging Markets | -2.9% | 147.3% | -5.2% | | | 9.4% | -6.4% | -3.2% |
Europe | 19.9% | 135.4% | 0.8% | | | -8.6% | -4.2% | -17.1% |
Developed Rest of World | 26.2% | 209.9% | 0.3% | | | -1.7% | 6.8% | -13.9% |
Cost of goods sold | 34,344.0 | 30,821.0 | 8,484.0 | 8,054.0 | 8,987.0 | 11,228.0 | 12,322.0 | 9,648.0 |
Gross profit | 65,986.0 | 50,467.0 | 33,167.0 | 32,851.0 | 31,838.0 | 41,318.0 | 40,502.0 | 39,203.0 |
Gross margin | 65.8% | 62.1% | 79.6% | 80.3% | 78.0% | 78.6% | 76.7% | 80.3% |
Selling, general and administrative | 13,677.0 | 12,703.0 | 11,597.0 | 12,726.0 | 12,612.0 | 14,804.0 | 14,844.0 | 14,809.0 |
Research and development | 11,428.0 | 10,360.0 | 8,709.0 | 8,385.0 | 7,760.0 | 7,683.0 | 7,892.0 | 7,690.0 |
Other operating expenses | 1,796.0 | 3,469.0 | 685.0 | -1.0 | 1.0 | 1.0 | | -1.0 |
EBITDA [+] | 40,540.0 | 25,426.0 | 13,509.0 | 13,067.0 | 12,879.0 | 20,341.0 | 19,467.0 | 18,134.0 |
EBITDA growth | 59.4% | 88.2% | 3.4% | 1.5% | -36.7% | 4.5% | 7.4% | -4.7% |
EBITDA margin | 40.4% | 31.3% | 32.4% | 31.9% | 31.5% | 38.7% | 36.9% | 37.1% |
Depreciation and amortization | 1,455.0 | 1,491.0 | 1,333.0 | 1,326.0 | 1,414.0 | 1,511.0 | 1,701.0 | 1,429.0 |
EBITA | 39,085.0 | 23,935.0 | 12,176.0 | 11,741.0 | 11,465.0 | 18,830.0 | 17,766.0 | 16,705.0 |
EBITA margin | 39.0% | 29.4% | 29.2% | 28.7% | 28.1% | 35.8% | 33.6% | 34.2% |
Amortization of intangibles | 3,609.0 | 3,700.0 | 3,348.0 | 4,429.0 | 4,736.0 | 4,758.0 | 4,056.0 | 3,728.0 |
EBIT [+] | 35,476.0 | 20,235.0 | 8,828.0 | 7,312.0 | 6,729.0 | 14,072.0 | 13,710.0 | 12,977.0 |
EBIT growth | 75.3% | 129.2% | 20.7% | 8.7% | -52.2% | 2.6% | 5.6% | -3.9% |
EBIT margin | 35.4% | 24.9% | 21.2% | 17.9% | 16.5% | 26.8% | 26.0% | 26.6% |
Non-recurring items [+] | 1,375.0 | 802.0 | 579.0 | -7,506.0 | 1,058.0 | 351.0 | 1,565.0 | 1,152.0 |
Restructuring charges | 1,375.0 | 802.0 | 579.0 | 601.0 | 1,058.0 | 351.0 | 1,565.0 | 1,152.0 |
Interest expense, net [+] | -251.0 | -36.0 | -73.0 | -225.0 | -333.0 | -391.0 | -470.0 | -471.0 |
Interest expense | 1,238.0 | 1,291.0 | 1,449.0 | 1,573.0 | 1,316.0 | 1,270.0 | 1,186.0 | 1,199.0 |
Interest income | 251.0 | 36.0 | 73.0 | 225.0 | 333.0 | 391.0 | 470.0 | 471.0 |
Other income (expense), net | 1,615.0 | 6,133.0 | 163.0 | -2,149.0 | -1,094.0 | -537.0 | -3,078.0 | -2,132.0 |
Pre-tax income | 34,729.0 | 24,311.0 | 7,036.0 | 11,321.0 | 3,594.0 | 12,305.0 | 8,351.0 | 8,965.0 |
Income taxes | 3,328.0 | 1,852.0 | 370.0 | 583.0 | -266.0 | -9,049.0 | 1,123.0 | 1,990.0 |
Tax rate | 9.6% | 7.6% | 5.3% | 5.1% | | | 13.4% | 22.2% |
Minority interest | 35.0 | 45.0 | 36.0 | 29.0 | 36.0 | 47.0 | 31.0 | 26.0 |
Earnings from continuing ops | 31,366.0 | 44,873.0 | 6,630.0 | -5,318.0 | 3,824.0 | 21,303.0 | 7,198.0 | 6,949.0 |
Earnings from discontinued ops | 6.0 | -434.0 | 2,529.0 | 5,318.0 | 7,328.0 | 5.0 | 17.0 | 11.0 |
Net income | 31,372.0 | 44,439.0 | 9,159.0 | 0.0 | 11,152.0 | 21,308.0 | 7,215.0 | 6,960.0 |
Net margin | 31.3% | 54.7% | 22.0% | 0.0% | 27.3% | 40.6% | 13.7% | 14.2% |
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Basic EPS [+] | $5,593.08 | $8,011.61 | $1,193.52 | ($954.93) | $0.65 | $3.57 | $1.18 | $1.13 |
Growth | -30.2% | 571.3% | -225.0% | -146735.6% | -81.7% | 201.9% | 5.1% | -21.0% |
Diluted EPS [+] | $5,471.13 | $7,861.42 | $1,177.20 | ($937.09) | $0.64 | $3.52 | $1.17 | $1.11 |
Growth | -30.4% | 567.8% | -225.6% | -146569.7% | -81.8% | 200.9% | 5.2% | -21.0% |
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Dividends per share [+] | $1.61 | $1.57 | $1.53 | $1.46 | $1.38 | $1.30 | $1.22 | $1.12 |
Growth | 2.5% | 2.6% | 4.8% | 5.8% | 6.2% | 6.6% | 8.9% | 7.7% |
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Shares outstanding (basic) [+] | 5.6 | 5.6 | 5.6 | 5.6 | 5,872.0 | 5,970.0 | 6,089.0 | 6,176.0 |
Growth | 0.1% | 0.8% | -0.3% | -99.9% | -1.6% | -2.0% | -1.4% | -2.7% |
Shares outstanding (diluted) [+] | 5.7 | 5.7 | 5.6 | 5.7 | 5,977.0 | 6,058.0 | 6,159.0 | 6,257.0 |
Growth | 0.4% | 1.3% | -0.8% | -99.9% | -1.3% | -1.6% | -1.6% | -2.6% |
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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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