Financial Summary (All financials)
In millions, except per share items | Mar-31-18 | Mar-31-17 | Mar-31-16 | Mar-31-15 | Mar-31-14 | Mar-31-13 | Mar-31-12 | Mar-31-11 |
Revenues | 4,235.0 | 4,036.0 | 4,025.0 | 4,262.0 | 4,412.0 | 4,504.0 | 4,779.0 | 4,429.0 |
Revenue growth | 4.9% | 0.3% | -5.6% | -3.4% | -2.0% | -5.8% | 7.9% | 4.8% |
Cost of goods sold | 600.0 | 573.0 | 583.0 | 635.0 | 649.0 | 629.0 | 641.0 | 581.0 |
Gross profit | 3,635.0 | 3,463.0 | 3,442.0 | 3,627.0 | 3,763.0 | 3,875.0 | 4,138.0 | 3,848.0 |
Gross margin | 85.8% | 85.8% | 85.5% | 85.1% | 85.3% | 86.0% | 86.6% | 86.9% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 1,061.0 | 1,028.0 | 1,006.0 | 1,060.0 | 1,104.0 | 1,225.0 | 1,388.0 | 1,286.0 |
Research and development | 642.0 | 586.0 | 560.0 | 603.0 | 574.0 | 483.0 | 509.0 | 471.0 |
General and administrative | 406.0 | 375.0 | 367.0 | 377.0 | 395.0 | 405.0 | 462.0 | 451.0 |
EBITA | 1,119.0 | 1,135.0 | 1,135.0 | 1,162.0 | 1,070.0 | 1,304.0 | 1,365.0 | 1,441.0 |
EBITA margin | 26.4% | 28.1% | 28.2% | 27.3% | 24.3% | 29.0% | 28.6% | 32.5% |
Amortization of intangibles | | | | | | | | 187.0 |
EBIT | 1,119.0 | 1,135.0 | 1,135.0 | 1,162.0 | 1,070.0 | 1,304.0 | 1,365.0 | 1,254.0 |
EBIT margin | 26.4% | 28.1% | 28.2% | 27.3% | 24.3% | 29.0% | 28.6% | 28.3% |
Pre-tax income | 1,021.0 | 1,073.0 | 1,084.0 | 1,115.0 | 1,016.0 | 1,260.0 | 1,330.0 | 1,209.0 |
Income taxes | 545.0 | 298.0 | 315.0 | 305.0 | 129.0 | 339.0 | 407.0 | 386.0 |
Tax rate | 53.4% | 27.8% | 29.1% | 27.4% | 12.7% | 26.9% | 30.6% | 31.9% |
Earnings from continuing ops | 476.0 | 775.0 | 769.0 | 810.0 | 887.0 | 921.0 | 923.0 | 823.0 |
Earnings from discontinued ops | | | | | | | 28.0 | 4.0 |
Net income | 476.0 | 775.0 | 783.0 | 846.0 | 914.0 | 955.0 | 951.0 | 827.0 |
Net margin | 11.2% | 19.2% | 19.5% | 19.8% | 20.7% | 21.2% | 19.9% | 18.7% |
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Diluted EPS | $1.15 | $1.87 | $1.80 | $1.84 | $1.98 | $2.02 | $1.90 | $1.62 |
Shares outstanding (diluted) | 415.0 | 415.0 | 427.0 | 441.0 | 448.0 | 457.0 | 487.0 | 507.0 |
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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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