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 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 9,498.0 | 12,052.0 | 11,584.0 | 11,451.0 | 11,152.0 | 10,809.0 | 10,680.3 | 10,713.6 |
Revenue growth | -21.2% | 4.0% | 1.2% | 2.7% | 3.2% | 1.2% | -0.3% | 3.2% |
Cost of goods sold | 6,475.0 | 9,229.0 | 8,972.0 | 3,227.0 | 2,998.0 | 3,051.0 | 3,199.8 | 3,258.0 |
Gross profit | 3,023.0 | 2,823.0 | 2,612.0 | 8,224.0 | 8,154.0 | 7,758.0 | 7,480.5 | 7,455.6 |
Gross margin | 31.8% | 23.4% | 22.5% | 71.8% | 73.1% | 71.8% | 70.0% | 69.6% |
Selling, general and administrative | 1,128.0 | 1,115.0 | 1,000.0 | 2,292.0 | 2,043.0 | 1,980.0 | 1,825.4 | 1,693.7 |
EBITA | 2,886.0 | 2,682.0 | 2,633.0 | 2,252.0 | 2,535.0 | 2,284.0 | 2,306.6 | 2,193.4 |
EBITA margin | 30.4% | 22.3% | 22.7% | 19.7% | 22.7% | 21.1% | 21.6% | 20.5% |
Amortization of intangibles | 770.0 | 752.0 | 761.0 | 843.0 | 877.0 | 924.0 | 1,046.4 | 1,052.1 |
EBIT | 2,116.0 | 1,930.0 | 1,872.0 | 1,409.0 | 1,658.0 | 1,360.0 | 1,260.2 | 1,141.3 |
EBIT margin | 22.3% | 16.0% | 16.2% | 12.3% | 14.9% | 12.6% | 11.8% | 10.7% |
Pre-tax income | 1,247.0 | 935.0 | 741.0 | -1,167.0 | -183.0 | -670.0 | -751.3 | -606.2 |
Income taxes | 49.0 | -729.0 | 81.0 | 101.0 | 82.0 | 105.0 | -224.0 | -270.1 |
Tax rate | 3.9% | | 10.9% | | | | 29.8% | 44.6% |
Net income | 1,005.0 | 1,465.0 | 420.0 | -1,481.0 | -458.0 | -952.0 | -700.9 | -516.1 |
Net margin | 10.6% | 12.2% | 3.6% | -12.9% | -4.1% | -8.8% | -6.6% | -4.8% |
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Diluted EPS | $1.05 | $1.56 | $0.46 | ($7.71) | ($458,000.00) | ($952,000.00) | ($700,900.00) | |
Shares outstanding (diluted) | 957.0 | 940.0 | 921.0 | 192.0 | 0.0 | 0.0 | 0.0 | |
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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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