Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 2,230.0 | 2,008.0 | 1,950.0 | 1,983.0 | 1,890.0 | 2,472.0 | 8,716.0 | 10,987.4 |
Revenue growth | 11.1% | 3.0% | -1.7% | 4.9% | -23.5% | -71.6% | -20.7% | 25.5% |
Cost of goods sold | 1,453.0 | 4,643.0 | 4,151.0 | 1,434.0 | 1,713.0 | 3,464.0 | 5,556.0 | 6,724.0 |
Gross profit | 777.0 | -2,635.0 | -2,201.0 | 549.0 | 177.0 | -992.0 | 3,160.0 | 4,263.4 |
Gross margin | 34.8% | -131.2% | -112.9% | 27.7% | 9.4% | -40.1% | 36.3% | 38.8% |
Selling, general and administrative | 2,586.0 | 2,654.0 | 2,753.0 | 2,599.0 | 2,562.0 | 2,655.0 | 2,684.0 | 3,462.2 |
EBITA | 2,432.0 | 238.0 | 407.0 | -84.0 | 252.0 | 121.0 | 619.0 | 1,251.6 |
EBITA margin | 109.1% | 11.9% | 20.9% | -4.2% | 13.3% | 4.9% | 7.1% | 11.4% |
Amortization of intangibles | 46.0 | 55.0 | 60.0 | 61.0 | 62.0 | 63.0 | 59.0 | 54.6 |
EBIT | 2,386.0 | 183.0 | 347.0 | -145.0 | 190.0 | 58.0 | 560.0 | 1,197.0 |
EBIT margin | 107.0% | 9.1% | 17.8% | -7.3% | 10.1% | 2.3% | 6.4% | 10.9% |
Pre-tax income | 2,777.0 | 352.0 | 574.0 | 521.0 | 385.0 | 10.0 | 476.0 | 1,230.6 |
Income taxes | -98.0 | -18.0 | -217.0 | 39.0 | 687.0 | -29.0 | 84.0 | -1,731.5 |
Tax rate | | | | 7.5% | 178.4% | | 17.6% | |
Earnings from continuing ops | 2,078.0 | 177.0 | 713.0 | 337.0 | -519.0 | 10.0 | 262.0 | 2,295.0 |
Earnings from discontinued ops | 12.0 | -419.0 | -1,101.0 | 425.0 | -2,473.0 | -337.0 | 146.0 | |
Net income | 2,090.0 | -242.0 | -388.0 | 762.0 | -2,992.0 | -327.0 | 408.0 | 2,295.0 |
Net margin | 93.7% | -12.1% | -19.9% | 38.4% | -158.3% | -13.2% | 4.7% | 20.9% |
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Diluted EPS | $16.52 | $1.34 | $4.85 | $2.00 | ($2.82) | $0.05 | $1.15 | $9.00 |
Shares outstanding (diluted) | 125.8 | 131.9 | 147.0 | 168.2 | 184.1 | 202.7 | 227.4 | 255.1 |
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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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