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 | 175,702.0 | 114,852.0 | 65,494.0 | 109,559.0 | 114,217.0 | 104,622.0 | 85,777.0 | 100,949.0 |
Revenue growth | 53.0% | 75.4% | -40.2% | -4.1% | 9.2% | 22.0% | -15.0% | -38.5% |
Cost of goods sold | 156,043.0 | 107,249.0 | 62,270.0 | 100,603.0 | 102,810.0 | 84,108.0 | 66,743.0 | 77,693.0 |
Gross profit | 19,659.0 | 7,603.0 | 3,224.0 | 8,956.0 | 11,407.0 | 20,514.0 | 19,034.0 | 23,256.0 |
Gross margin | 11.2% | 6.6% | 4.9% | 8.2% | 10.0% | 19.6% | 22.2% | 23.0% |
Selling, general and administrative | 2,698.0 | 2,154.0 | 2,008.0 | 2,090.0 | 2,102.0 | 15,157.0 | 15,326.0 | 15,747.0 |
General and administrative | 530.0 | 410.0 | 464.0 | 409.0 | 425.0 | 13,462.0 | 13,688.0 | 14,077.0 |
EBITA | 18,073.0 | 4,300.0 | -108.0 | 5,638.0 | 8,001.0 | 4,559.0 | 2,537.0 | 6,423.0 |
EBITA margin | 10.3% | 3.7% | -0.2% | 5.1% | 7.0% | 4.4% | 3.0% | 6.4% |
Amortization of intangibles | 27.0 | 26.0 | 27.0 | 17.0 | 14.0 | 21.0 | 18.0 | 13.0 |
EBIT | 18,046.0 | 4,274.0 | -135.0 | 5,621.0 | 7,987.0 | 4,538.0 | 2,519.0 | 6,410.0 |
EBIT margin | 10.3% | 3.7% | -0.2% | 5.1% | 7.0% | 4.3% | 2.9% | 6.3% |
Pre-tax income | 14,639.0 | 1,740.0 | -4,964.0 | 4,178.0 | 7,445.0 | 3,555.0 | 2,191.0 | 6,044.0 |
Income taxes | 3,248.0 | 146.0 | -1,250.0 | 801.0 | 1,572.0 | -1,693.0 | 547.0 | 1,764.0 |
Tax rate | 22.2% | 8.4% | 25.2% | 19.2% | 21.1% | | 25.0% | 29.2% |
Net income | 11,024.0 | 1,317.0 | -3,975.0 | 3,076.0 | 5,595.0 | 5,106.0 | 2,102.0 | 5,991.0 |
Net margin | 6.3% | 1.1% | -6.1% | 2.8% | 4.9% | 4.9% | 2.5% | 5.9% |
|
Diluted EPS | $23.27 | $2.99 | ($9.04) | $6.78 | $11.80 | $9.85 | $3.97 | $10.95 |
Shares outstanding (diluted) | 473.7 | 440.4 | 439.5 | 453.9 | 474.0 | 518.5 | 530.1 | 547.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|