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 | 11,984.0 | 12,143.0 | 9,894.0 | 9,033.0 | 8,469.0 | 7,506.0 | 6,557.0 | 6,694.0 |
Revenue growth | -1.3% | 22.7% | 9.5% | 6.7% | 12.8% | 14.5% | -2.0% | 6.6% |
Cost of goods sold | 9,150.0 | 9,267.0 | 7,708.0 | 7,037.0 | 6,441.0 | 5,715.0 | 5,002.0 | 5,023.0 |
Gross profit | 2,834.0 | 2,876.0 | 2,186.0 | 1,996.0 | 2,028.0 | 1,791.0 | 1,555.0 | 1,671.0 |
Gross margin | 23.6% | 23.7% | 22.1% | 22.1% | 23.9% | 23.9% | 23.7% | 25.0% |
Selling, general and administrative | 10,865.0 | 10,674.0 | 8,778.0 | 8,277.0 | | | | |
Sales and marketing | | | | | 92.0 | 86.0 | 78.0 | 69.0 |
Research and development | 687.0 | 485.0 | 413.0 | 392.0 | 338.0 | 324.0 | 302.0 | 286.0 |
General and administrative | | | | | 87.0 | 68.0 | 67.0 | 57.0 |
EBIT | -8,031.0 | -7,798.0 | -6,592.0 | -6,281.0 | 125.0 | 91.0 | 75.0 | -4,110.0 |
EBIT margin | -67.0% | -64.2% | -66.6% | -69.5% | 1.5% | 1.2% | 1.1% | -61.4% |
Pre-tax income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | | | | | | | |
Net income | 165.0 | 208.0 | 189.0 | -166.0 | 114.0 | 109.0 | 100.0 | 121.0 |
Net margin | 1.4% | 1.7% | 1.9% | -1.8% | 1.3% | 1.5% | 1.5% | 1.8% |
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Diluted EPS | $135.27 | $168.97 | $152.08 | ($132.12) | $128.16 | $121.57 | $110.02 | $131.27 |
Shares outstanding (diluted) | 1.2 | 1.2 | 1.2 | 1.3 | 0.9 | 0.9 | 0.9 | 0.9 |
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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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