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 | 207,771.0 | 191,252.0 | 166,733.0 | 176,512.0 | 247,837.0 | 239,933.0 | 215,114.0 | 210,943.0 |
Revenue growth | 8.6% | 14.7% | -5.5% | -28.8% | 3.3% | 11.5% | 2.0% | 8.3% |
Cost of goods sold | 266,629.0 | 243,945.0 | 220,618.0 | 225,703.0 | 219,214.0 | 221,237.0 | 190,860.0 | 175,875.0 |
Gross profit | -58,858.0 | -52,693.0 | -53,885.0 | -49,191.0 | 28,623.0 | 18,696.0 | 24,254.0 | 35,068.0 |
Gross margin | -28.3% | -27.6% | -32.3% | -27.9% | 11.5% | 7.8% | 11.3% | 16.6% |
Selling, general and administrative | 0.0 | 0.0 | 10,671.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBITA | -101,566.0 | 188,083.0 | 119,650.0 | 180,581.0 | 31,702.0 | 28,283.0 | 31,345.0 | 39,567.0 |
EBITA margin | -48.9% | 98.3% | 71.8% | 102.3% | 12.8% | 11.8% | 14.6% | 18.8% |
Amortization of intangibles | 1,233.0 | 1,252.0 | 1,277.0 | 1,317.0 | 1,393.0 | 1,469.0 | 1,490.0 | 1,106.0 |
EBIT | -102,799.0 | 186,831.0 | 118,373.0 | 179,264.0 | 30,309.0 | 26,814.0 | 29,855.0 | 38,461.0 |
EBIT margin | -49.5% | 97.7% | 71.0% | 101.6% | 12.2% | 11.2% | 13.9% | 18.2% |
Pre-tax income | -30,576.0 | 111,686.0 | 55,693.0 | 102,696.0 | 4,001.0 | 23,838.0 | 33,667.0 | 34,946.0 |
Income taxes | -8,518.0 | 20,879.0 | 12,440.0 | 20,904.0 | -321.0 | -21,515.0 | 9,240.0 | 10,532.0 |
Tax rate | 27.9% | 18.7% | 22.3% | 20.4% | | | 27.4% | 30.1% |
Net income | -22,819.0 | 89,795.0 | 42,521.0 | 81,417.0 | 4,021.0 | 44,940.0 | 24,074.0 | 24,083.0 |
Net margin | -11.0% | 47.0% | 25.5% | 46.1% | 1.6% | 18.7% | 11.2% | 11.4% |
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Diluted EPS | | $59,459.80 | $26,667.81 | $49,828.45 | $2,446.17 | $27,325.54 | $14,645.10 | $14,656.31 |
Shares outstanding (diluted) | | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 |
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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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