Financial Summary (All financials)
In millions, except per share items | Apr-25-14 | Apr-26-13 | Apr-27-12 | Apr-29-11 | Apr-30-10 | Apr-24-09 | Apr-25-08 | Apr-24-07 |
Revenues | 17,005.0 | 16,590.0 | 16,184.0 | 15,508.0 | 15,392.0 | 14,599.0 | 13,515.0 | 12,299.0 |
Revenue growth | 2.5% | 2.5% | 4.4% | 0.8% | 5.4% | 8.0% | 9.9% | 8.9% |
Cost of goods sold | 4,333.0 | 4,126.0 | 3,889.0 | 3,700.0 | 3,582.0 | 3,518.0 | 3,446.0 | 3,168.0 |
Gross profit | 12,672.0 | 12,464.0 | 12,295.0 | 11,808.0 | 11,810.0 | 11,081.0 | 10,069.0 | 9,131.0 |
Gross margin | 74.5% | 75.1% | 76.0% | 76.1% | 76.7% | 75.9% | 74.5% | 74.2% |
Selling, general and administrative | 5,847.0 | 5,698.0 | 5,623.0 | 5,427.0 | 5,282.0 | 5,152.0 | 4,707.0 | 4,153.0 |
Research and development | 1,477.0 | 1,557.0 | 1,490.0 | 1,472.0 | 1,424.0 | 1,355.0 | 1,275.0 | 1,239.0 |
EBITA | 4,280.0 | 4,905.0 | 4,716.0 | 4,785.0 | 4,931.0 | 3,124.0 | 2,895.0 | 3,417.0 |
EBITA margin | 25.2% | 29.6% | 29.1% | 30.9% | 32.0% | 21.4% | 21.4% | 27.8% |
Amortization of intangibles | 349.0 | 331.0 | 335.0 | 339.0 | 317.0 | 281.0 | | |
EBIT | 3,931.0 | 4,574.0 | 4,381.0 | 4,446.0 | 4,614.0 | 2,843.0 | 2,895.0 | 3,417.0 |
EBIT margin | 23.1% | 27.6% | 27.1% | 28.7% | 30.0% | 19.5% | 21.4% | 27.8% |
Pre-tax income | 3,705.0 | 4,251.0 | 4,145.0 | 3,664.0 | 3,944.0 | 2,440.0 | 2,740.0 | 3,515.0 |
Income taxes | 640.0 | 784.0 | 730.0 | 609.0 | 861.0 | 370.0 | 602.0 | 713.0 |
Tax rate | 17.3% | 18.4% | 17.6% | 16.6% | 21.8% | 15.2% | 22.0% | 20.3% |
Earnings from continuing ops | 3,065.0 | 3,467.0 | 3,009.0 | 3,014.0 | 3,067.0 | 2,070.0 | 2,138.0 | 2,802.0 |
Earnings from discontinued ops | | | 406.0 | 41.0 | 16.0 | | | |
Net income | 3,065.0 | 3,467.0 | 3,415.0 | 3,055.0 | 3,083.0 | 2,070.0 | 2,138.0 | 2,802.0 |
Net margin | 18.0% | 20.9% | 21.1% | 19.7% | 20.0% | 14.2% | 15.8% | 22.8% |
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Diluted EPS | $3.02 | $3.37 | $2.84 | $2.79 | $2.76 | $1.84 | $1.87 | $2.41 |
Shares outstanding (diluted) | 1,013.6 | 1,027.5 | 1,059.9 | 1,081.7 | 1,109.4 | 1,126.3 | 1,143.8 | 1,161.8 |
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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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