Financial Summary (All financials)
In millions, except per share items | Feb-28-23 | Feb-28-22 | Feb-28-21 | Feb-29-20 | Feb-28-19 | Feb-28-18 | Feb-28-17 | Feb-29-16 |
Revenues | 656 | 718 | 893 | 1,040 | 904 | 932 | 1,309 | 2,160 |
Revenue growth | -8.6% | -19.6% | -14.1% | 15.0% | -3.0% | -28.8% | -39.4% | |
Cost of goods sold | 237 | 251 | 250 | 277 | 206 | 262 | 692 | 1,219 |
Gross profit | 419 | 467 | 643 | 763 | 698 | 670 | 617 | 941 |
Gross margin | 63.9% | 65.0% | 72.0% | 73.4% | 77.2% | 71.9% | 47.1% | 43.6% |
Selling, general and administrative | 340 | 297 | 344 | 493 | 409 | 476 | 553 | 653 |
Research and development | 207 | 219 | 215 | 259 | 219 | 239 | 306 | 469 |
EBITA | 242 | 159 | -250 | 71 | 189 | 435 | -460 | 269 |
EBITA margin | 36.9% | 22.1% | -28.0% | 6.8% | 20.9% | 46.7% | -35.1% | 12.5% |
Amortization of intangibles | 93 | 161 | 177 | 188 | 129 | 141 | 163 | 492 |
EBIT | 149 | -2 | -427 | -117 | 60 | 294 | -623 | -223 |
EBIT margin | 22.7% | -0.3% | -47.8% | -11.3% | 6.6% | 31.5% | -47.6% | -10.3% |
Pre-tax income | -720 | 19 | -1,113 | -148 | 77 | 406 | -1,208 | -282 |
Income taxes | 14 | 7 | -9 | 4 | -16 | 1 | -2 | -74 |
Tax rate | | 36.8% | 0.8% | | | 0.2% | 0.2% | 26.2% |
Net income | -734 | 12 | -1,104 | -152 | 93 | 405 | -1,206 | -208 |
Net margin | -111.9% | 1.7% | -123.6% | -14.6% | 10.3% | 43.5% | -92.1% | -9.6% |
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Diluted EPS | ($1.15) | $0.02 | ($1.97) | ($0.25) | $0.15 | $0.74 | ($2.30) | ($0.32) |
Shares outstanding (diluted) | 639 | 631 | 561 | 614 | 616 | 546 | 525 | 651 |
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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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