Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 22,577.1 | 6,101.9 | 7,338.3 | 6,833.3 | 7,145.0 | 5,146.3 | 4,646.6 | 7,484.7 |
Revenue growth | 270.0% | -16.8% | 7.4% | -4.4% | 38.8% | 10.8% | -37.9% | 13.2% |
Cost of goods sold | 8,350.1 | 2,588.8 | 3,067.9 | 2,674.7 | 2,933.5 | 1,335.4 | 1,726.2 | 1,868.9 |
Gross profit | 14,227.0 | 3,513.2 | 4,270.4 | 4,158.6 | 4,211.5 | 3,810.9 | 2,920.4 | 5,615.9 |
Gross margin | 63.0% | 57.6% | 58.2% | 60.9% | 58.9% | 74.1% | 62.9% | 75.0% |
General and administrative | 917.8 | 711.8 | 679.4 | 594.9 | 488.6 | 541.6 | 576.1 | 549.5 |
EBITA | 12,912.0 | 2,829.0 | 3,644.3 | 3,544.2 | 4,683.9 | 2,802.0 | 2,237.1 | 3,521.4 |
EBITA margin | 57.2% | 46.4% | 49.7% | 51.9% | 65.6% | 54.4% | 48.1% | 47.0% |
Amortization of intangibles | 74.9 | 71.1 | 71.0 | 59.0 | 46.8 | 82.9 | 101.4 | 101.9 |
EBIT | 12,837.2 | 2,758.0 | 3,573.3 | 3,485.2 | 4,637.2 | 2,719.0 | 2,135.6 | 3,419.4 |
EBIT margin | 56.9% | 45.2% | 48.7% | 51.0% | 64.9% | 52.8% | 46.0% | 45.7% |
Pre-tax income | 13,559.4 | 2,617.5 | 3,818.0 | 3,512.9 | 4,118.1 | 2,381.6 | 1,814.7 | 3,986.7 |
Income taxes | 1,184.4 | 356.0 | -48.0 | 249.4 | 743.1 | 132.4 | 190.4 | 291.2 |
Tax rate | 8.7% | 13.6% | | 7.1% | 18.0% | 5.6% | 10.5% | 7.3% |
Net income | 10,749.7 | 2,044.4 | 3,389.2 | 2,904.7 | 2,877.5 | 2,003.1 | 1,404.5 | 3,360.5 |
Net margin | 47.6% | 33.5% | 46.2% | 42.5% | 40.3% | 38.9% | 30.2% | 44.9% |
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Diluted EPS | $14.93 | $2.93 | $5.01 | $2.41 | $4.32 | $1.68 | $1.18 | $5.48 |
Shares outstanding (diluted) | 720.1 | 697.3 | 676.2 | 1,207.0 | 666.2 | 1,195.1 | 1,188.1 | 613.2 |
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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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