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 | 5,802.8 | 5,541.8 | 4,877.1 | 4,891.8 | 4,427.7 | 4,488.4 | 4,469.0 | 4,958.6 |
Revenue growth | 4.7% | 13.6% | -0.3% | 10.5% | -1.4% | 0.4% | -9.9% | 2.8% |
Cost of goods sold | 1,239.3 | 1,150.6 | 958.0 | 919.3 | 848.6 | 854.6 | 856.0 | 982.9 |
Gross profit | 4,563.5 | 4,391.2 | 3,919.1 | 3,972.5 | 3,579.1 | 3,633.8 | 3,613.0 | 3,975.7 |
Gross margin | 78.6% | 79.2% | 80.4% | 81.2% | 80.8% | 81.0% | 80.8% | 80.2% |
Selling, general and administrative | 2,012.1 | 2,075.0 | 1,940.3 | 1,955.2 | 1,758.6 | 1,966.9 | 1,784.5 | 1,991.1 |
EBIT | 734.1 | 640.6 | 568.1 | 683.1 | 617.1 | 458.1 | 583.6 | 513.5 |
EBIT margin | 12.7% | 11.6% | 11.6% | 14.0% | 13.9% | 10.2% | 13.1% | 10.4% |
Pre-tax income | 560.8 | 516.4 | 451.4 | 464.2 | 471.2 | 364.7 | 486.4 | 421.3 |
Income taxes | 113.6 | 143.8 | 140.4 | 167.6 | 257.3 | 104.7 | 147.3 | 112.6 |
Tax rate | 20.3% | 27.8% | 31.1% | 36.1% | 54.6% | 28.7% | 30.3% | 26.7% |
Net income | 447.2 | 372.6 | 311.0 | 296.6 | 213.9 | 260.0 | 339.1 | 308.7 |
Net margin | 7.7% | 6.7% | 6.4% | 6.1% | 4.8% | 5.8% | 7.6% | 6.2% |
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Diluted EPS | $4.13 | $2.77 | $2.20 | $1.98 | $1.29 | $1.51 | $3.98 | $3.40 |
Shares outstanding (diluted) | 108.3 | 134.5 | 141.6 | 149.5 | 165.7 | 172.2 | 85.3 | 90.8 |
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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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