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 | 246,252.0 | 162,465.0 | 94,692.0 | 146,516.0 | 166,339.0 | 141,722.0 | 114,472.0 | 138,477.0 |
Revenue growth | 51.6% | 71.6% | -35.4% | -11.9% | 17.4% | 23.8% | -17.3% | -34.7% |
Cost of goods sold | 174,162.0 | 116,938.0 | 75,310.0 | 105,634.0 | 119,989.0 | 107,223.0 | 90,891.0 | 104,815.0 |
Gross profit | 72,090.0 | 45,527.0 | 19,382.0 | 40,882.0 | 46,350.0 | 34,499.0 | 23,581.0 | 33,662.0 |
Gross margin | 29.3% | 28.0% | 20.5% | 27.9% | 27.9% | 24.3% | 20.6% | 24.3% |
Selling, general and administrative | 4,312.0 | 4,014.0 | 4,213.0 | 4,143.0 | 3,838.0 | 4,110.0 | 4,305.0 | 4,443.0 |
EBIT | 49,158.0 | 20,927.0 | -8,150.0 | 4,738.0 | 19,827.0 | 8,914.0 | -1,959.0 | 974.0 |
EBIT margin | 20.0% | 12.9% | -8.6% | 3.2% | 11.9% | 6.3% | -1.7% | 0.7% |
Pre-tax income | 49,674.0 | 21,639.0 | -7,453.0 | 5,536.0 | 20,575.0 | 9,221.0 | -2,160.0 | 4,842.0 |
Income taxes | 14,066.0 | 5,950.0 | -1,892.0 | 2,691.0 | 5,715.0 | -48.0 | -1,729.0 | 132.0 |
Tax rate | 28.3% | 27.5% | 25.4% | 48.6% | 27.8% | | 80.0% | 2.7% |
Net income | 35,465.0 | 15,625.0 | -5,543.0 | 2,924.0 | 14,824.0 | 9,195.0 | -497.0 | 4,587.0 |
Net margin | 14.4% | 9.6% | -5.9% | 2.0% | 8.9% | 6.5% | -0.4% | 3.3% |
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Diluted EPS | $18.28 | $8.14 | ($2.96) | $1.54 | $7.75 | $4.84 | ($0.27) | $2.45 |
Shares outstanding (diluted) | 1,940.0 | 1,920.0 | 1,870.0 | 1,895.0 | 1,914.0 | 1,898.0 | 1,873.0 | 1,875.0 |
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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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