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 | 100,330.0 | 81,288.0 | 41,651.0 | 40,905.0 | 40,825.0 | 52,546.0 | 52,824.0 | 48,851.0 |
| Revenue growth | 23.4% | 95.2% | 1.8% | 0.2% | -22.3% | -0.5% | 8.1% | -1.5% |
| Cost of goods sold | 34,344.0 | 30,821.0 | 8,484.0 | 8,054.0 | 8,987.0 | 11,228.0 | 12,322.0 | 9,648.0 |
| Gross profit | 65,986.0 | 50,467.0 | 33,167.0 | 32,851.0 | 31,838.0 | 41,318.0 | 40,502.0 | 39,203.0 |
| Gross margin | 65.8% | 62.1% | 79.6% | 80.3% | 78.0% | 78.6% | 76.7% | 80.3% |
| Selling, general and administrative | 13,677.0 | 12,703.0 | 11,597.0 | 12,726.0 | 12,612.0 | 14,804.0 | 14,844.0 | 14,809.0 |
| Research and development | 11,428.0 | 10,360.0 | 8,709.0 | 8,385.0 | 7,760.0 | 7,683.0 | 7,892.0 | 7,690.0 |
| EBITA | 39,085.0 | 23,935.0 | 12,176.0 | 11,741.0 | 11,465.0 | 18,830.0 | 17,766.0 | 16,705.0 |
| EBITA margin | 39.0% | 29.4% | 29.2% | 28.7% | 28.1% | 35.8% | 33.6% | 34.2% |
| Amortization of intangibles | 3,609.0 | 3,700.0 | 3,348.0 | 4,429.0 | 4,736.0 | 4,758.0 | 4,056.0 | 3,728.0 |
| EBIT | 35,476.0 | 20,235.0 | 8,828.0 | 7,312.0 | 6,729.0 | 14,072.0 | 13,710.0 | 12,977.0 |
| EBIT margin | 35.4% | 24.9% | 21.2% | 17.9% | 16.5% | 26.8% | 26.0% | 26.6% |
| Pre-tax income | 34,729.0 | 24,311.0 | 7,036.0 | 11,321.0 | 3,594.0 | 12,305.0 | 8,351.0 | 8,965.0 |
| Income taxes | 3,328.0 | 1,852.0 | 370.0 | 583.0 | -266.0 | -9,049.0 | 1,123.0 | 1,990.0 |
| Tax rate | 9.6% | 7.6% | 5.3% | 5.1% | | | 13.4% | 22.2% |
| Earnings from continuing ops | 31,366.0 | 44,873.0 | 6,630.0 | -5,318.0 | 3,824.0 | 21,303.0 | 7,198.0 | 6,949.0 |
| Earnings from discontinued ops | 6.0 | -434.0 | 2,529.0 | 5,318.0 | 7,328.0 | 5.0 | 17.0 | 11.0 |
| Net income | 31,372.0 | 44,439.0 | 9,159.0 | 0.0 | 11,152.0 | 21,308.0 | 7,215.0 | 6,960.0 |
| Net margin | 31.3% | 54.7% | 22.0% | 0.0% | 27.3% | 40.6% | 13.7% | 14.2% |
| |
| Diluted EPS | $5,471.13 | $7,861.42 | $1,177.20 | ($937.09) | $0.64 | $3.52 | $1.17 | $1.11 |
| Shares outstanding (diluted) | 5.7 | 5.7 | 5.6 | 5.7 | 5,977.0 | 6,058.0 | 6,159.0 | 6,257.0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|