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 | 36,999.0 | 26,325.0 | 25,781.0 | 19,740.0 | 20,592.0 | 21,230.0 | 20,281.0 | 22,879.0 |
Revenue growth | 40.5% | 2.1% | 30.6% | -4.1% | -3.0% | 4.7% | -11.4% | -4.2% |
Cost of goods sold | 1,671.0 | 1,493.0 | 1,554.0 | 1,486.0 | 1,451.0 | 1,328.0 | 1,336.0 | 1,319.0 |
Gross profit | 35,328.0 | 24,832.0 | 24,227.0 | 18,254.0 | 19,141.0 | 19,902.0 | 18,945.0 | 21,560.0 |
Gross margin | 95.5% | 94.3% | 94.0% | 92.5% | 93.0% | 93.7% | 93.4% | 94.2% |
Selling, general and administrative | | | | | | | | |
General and administrative | 4,137.0 | 3,820.0 | 3,661.0 | 3,593.0 | 3,635.0 | 3,213.0 | 3,191.0 | 3,797.0 |
EBIT | 30,341.0 | 20,195.0 | 19,645.0 | 13,694.0 | 14,474.0 | 15,756.0 | 14,799.0 | 16,779.0 |
EBIT margin | 82.0% | 76.7% | 76.2% | 69.4% | 70.3% | 74.2% | 73.0% | 73.3% |
Pre-tax income | 16,233.0 | 27,949.0 | 14,879.0 | 17,577.0 | 20,099.0 | 18,447.0 | 18,333.0 | 16,208.0 |
Income taxes | 3,310.0 | 5,773.0 | 3,074.0 | 3,417.0 | 4,140.0 | 15,984.0 | 6,020.0 | 5,253.0 |
Tax rate | 20.4% | 20.7% | 20.7% | 19.4% | 20.6% | 86.6% | 32.8% | 32.4% |
Net income | 3.0 | 78.0 | 15.0 | 191.0 | 3,346.0 | -6,481.0 | 77.0 | -262.0 |
Net margin | 0.0% | 0.3% | 0.1% | 1.0% | 16.2% | -30.5% | 0.4% | -1.1% |
|
Diluted EPS | $0.00 | $0.01 | $2.55 | $32.41 | $567.79 | ($1,124.78) | $13.07 | ($45.47) |
Shares outstanding (diluted) | 5,893.0 | 5,893.0 | 5.9 | 5.9 | 5.9 | 5.8 | 5.9 | 5.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|