Financial Summary (All financials)
In millions, except per share items | Dec-30-22 | Dec-31-21 | Jan-01-21 | Jan-03-20 | Dec-28-18 | Dec-29-17 | Dec-30-16 | Jan-01-16 |
Revenues | 14,396 | 54,588 | 48,888 | 44,022 | 10,194 | 10,170 | 6,936 | 5,086 |
Revenue growth | -73.6% | 11.7% | 11.1% | 331.8% | 0.2% | 46.6% | 36.4% | |
Cost of goods sold | 12,312 | 11,723 | 10,560 | 9,546 | 8,690 | 8,738 | 6,103 | 4,468 |
Gross profit | 2,084 | 42,865 | 38,328 | 34,476 | 1,504 | 1,432 | 833 | 618 |
Gross margin | 14.5% | 78.5% | 78.4% | 78.3% | 14.8% | 14.1% | 12.0% | 12.2% |
Selling, general and administrative | 950 | 860 | 770 | 689 | 729 | 737 | 422 | 232 |
EBITA | 1,140 | 1,384 | 1,208 | 1,085 | 957 | 840 | 505 | 377 |
EBITA margin | 7.9% | 2.5% | 2.5% | 2.5% | 9.4% | 8.3% | 7.3% | 7.4% |
Amortization of intangibles | | 228 | 198 | 173 | 201 | 281 | 84 | |
EBIT | 1,140 | 1,156 | 1,010 | 912 | 756 | 559 | 421 | 377 |
EBIT margin | 7.9% | 2.1% | 2.1% | 2.1% | 7.4% | 5.5% | 6.1% | 7.4% |
Pre-tax income | 886 | 967 | 781 | 866 | 610 | 393 | 318 | 328 |
Income taxes | 193 | 208 | 152 | 196 | 28 | 29 | 72 | 92 |
Tax rate | 21.8% | 21.5% | 19.5% | 22.6% | 4.6% | 7.4% | 22.6% | 28.0% |
Earnings from continuing ops | 693 | 753 | 628 | 667 | 581 | 366 | 244 | 236 |
Earnings from discontinued ops | | | | | | | | 0 |
Net income | 693 | 753 | 628 | 667 | 581 | 366 | 244 | 254 |
Net margin | 4.8% | 1.4% | 1.3% | 1.5% | 5.7% | 3.6% | 3.5% | 5.0% |
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Diluted EPS | $5.02 | $5.27 | $4.36 | $4.60 | $3.80 | $2.38 | $2.35 | $3.19 |
Shares outstanding (diluted) | 138 | 143 | 144 | 145 | 153 | 154 | 104 | 74 |
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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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