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 | May-31-16 |
Revenues | 8,975.5 | 8,523.8 | 7,423.6 | 4,911.9 | 3,366.4 | 3,975.2 | 3,371.0 | 2,898.2 |
Revenue growth | 5.3% | 14.8% | 51.1% | 45.9% | -15.3% | 17.9% | | 4.5% |
Cost of goods sold | 3,778.6 | 3,773.7 | 3,650.7 | 2,073.8 | 1,095.0 | 1,928.0 | 1,603.5 | 1,147.6 |
Gross profit | 5,196.9 | 4,750.0 | 3,772.8 | 2,838.1 | 2,271.4 | 2,047.1 | 1,767.4 | 1,750.5 |
Gross margin | 57.9% | 55.7% | 50.8% | 57.8% | 67.5% | 51.5% | 52.4% | 60.4% |
Selling, general and administrative | 3,524.6 | 3,391.2 | 2,878.9 | 2,046.7 | 1,534.3 | 1,488.3 | 1,411.1 | 1,325.6 |
EBITA | 2,821.9 | 2,766.3 | 2,239.2 | 1,472.1 | 1,114.7 | 896.7 | 615.7 | 538.6 |
EBITA margin | 31.4% | 32.5% | 30.2% | 30.0% | 33.1% | 22.6% | 18.3% | 18.6% |
Amortization of intangibles | 1,263.0 | 1,295.0 | 1,256.9 | 667.1 | 377.7 | 337.9 | 259.3 | 113.7 |
EBIT | 1,558.9 | 1,471.2 | 982.3 | 805.0 | 737.1 | 558.9 | 356.3 | 424.9 |
EBIT margin | 17.4% | 17.3% | 13.2% | 16.4% | 21.9% | 14.1% | 10.6% | 14.7% |
Pre-tax income | 224.3 | 1,044.5 | 594.0 | 517.9 | 562.2 | 392.7 | 257.0 | 360.9 |
Income taxes | 166.7 | 169.0 | 77.2 | 62.2 | 77.5 | -101.4 | -36.3 | 70.7 |
Tax rate | 74.3% | 16.2% | 13.0% | 12.0% | 13.8% | | | 19.6% |
Net income | 111.5 | 965.5 | 584.5 | 430.6 | 452.1 | 468.4 | 201.8 | 271.7 |
Net margin | 1.2% | 11.3% | 7.9% | 8.8% | 13.4% | 11.8% | 6.0% | 9.4% |
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Diluted EPS | $0.40 | $3.29 | $1.95 | $2.16 | $2.84 | $3.01 | $1.37 | $2.04 |
Shares outstanding (diluted) | 275.6 | 293.7 | 300.5 | 199.1 | 159.3 | 155.5 | 146.9 | 133.2 |
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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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