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 | 14,093.3 | 8,811.9 | 10,973.8 | 11,534.5 | 9,721.0 | 8,613.4 | 9,350.5 | 10,451.6 |
Revenue growth | 59.9% | -19.7% | -4.9% | 18.7% | 12.9% | -7.9% | -10.5% | 13.3% |
Cost of goods sold | 9,603.0 | 6,036.8 | 7,644.4 | 8,253.0 | 6,933.2 | 6,023.1 | 6,803.6 | 7,830.6 |
Gross profit | 4,490.3 | 2,775.1 | 3,329.4 | 3,281.5 | 2,787.8 | 2,590.3 | 2,546.9 | 2,621.0 |
Gross margin | 31.9% | 31.5% | 30.3% | 28.4% | 28.7% | 30.1% | 27.2% | 25.1% |
Selling, general and administrative | 2,306.5 | 1,874.0 | 2,095.4 | 2,091.8 | 1,902.8 | 1,798.1 | 1,725.3 | 1,789.8 |
EBITA | 1,992.3 | 713.4 | 1,057.8 | 1,020.3 | 717.2 | 624.3 | 656.8 | 674.1 |
EBITA margin | 14.1% | 8.1% | 9.6% | 8.8% | 7.4% | 7.2% | 7.0% | 6.4% |
Amortization of intangibles | 38.7 | 39.6 | 43.1 | 45.8 | 50.6 | 54.1 | 53.7 | 56.7 |
EBIT | 1,953.6 | 673.8 | 1,014.7 | 974.5 | 666.6 | 570.2 | 603.1 | 617.4 |
EBIT margin | 13.9% | 7.6% | 9.2% | 8.4% | 6.9% | 6.6% | 6.4% | 5.9% |
Pre-tax income | 1,883.1 | 478.2 | 929.3 | 850.6 | 583.8 | 429.2 | 458.7 | 546.3 |
Income taxes | 465.7 | 105.8 | 223.2 | 208.8 | -37.2 | 120.1 | 142.5 | 170.0 |
Tax rate | 24.7% | 22.1% | 24.0% | 24.5% | | 28.0% | 31.1% | 31.1% |
Net income | 1,413.0 | 369.1 | 701.5 | 633.7 | 613.4 | 304.3 | 311.5 | 371.5 |
Net margin | 10.0% | 4.2% | 6.4% | 5.5% | 6.3% | 3.5% | 3.3% | 3.6% |
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Diluted EPS | $21.97 | $5.66 | $10.34 | $8.75 | $8.34 | $4.16 | $4.16 | $4.73 |
Shares outstanding (diluted) | 64.3 | 65.3 | 67.9 | 72.4 | 73.5 | 73.1 | 74.9 | 78.6 |
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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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