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 | 18,389.1 | 11,183.6 | 17,486.6 | 17,714.7 | 14,251.3 | 30,962.9 | 13,237.9 | 19,764.3 |
| Revenue growth | 64.4% | -36.0% | -1.3% | 24.3% | -54.0% | 133.9% | -33.0% | -2.0% |
| Cost of goods sold | 32,651.6 | 19,617.9 | 29,230.8 | 29,167.4 | 24,123.7 | 18,261.3 | 21,765.8 | 35,999.2 |
| Gross profit | -14,262.4 | -8,434.2 | -11,744.2 | -11,452.7 | -9,872.4 | 12,701.7 | -8,527.9 | -16,234.9 |
| Gross margin | -77.6% | -75.4% | -67.2% | -64.7% | -69.3% | 41.0% | -64.4% | -82.1% |
| Selling, general and administrative | 362.0 | 313.6 | 354.2 | | | | | |
| General and administrative | | | | 290.4 | 265.7 | 125.9 | 120.8 | 114.6 |
| EBIT | 859.7 | -93.0 | 1,439.9 | 1,629.8 | 936.5 | 567.5 | 1,250.0 | 513.5 |
| EBIT margin | 4.7% | -0.8% | 8.2% | 9.2% | 6.6% | 1.8% | 9.4% | 2.6% |
| Pre-tax income | 787.2 | -747.0 | 1,171.5 | 1,524.5 | 868.9 | -171.5 | 1,208.6 | 467.5 |
| Income taxes | 123.9 | -232.1 | 299.2 | 347.2 | -12.4 | 19.4 | 406.1 | 141.2 |
| Tax rate | 15.7% | 31.1% | 25.5% | 22.8% | | | 33.6% | 30.2% |
| Net income | 558.3 | -601.4 | 772.4 | 1,098.0 | 805.4 | -260.5 | 740.1 | 281.3 |
| Net margin | 3.0% | -5.4% | 4.4% | 6.2% | 5.7% | -0.8% | 5.6% | 1.4% |
| |
| Diluted EPS | $3.43 | ($3.71) | $4.61 | $6.22 | $4.55 | ($1.48) | $3.92 | $1.42 |
| Shares outstanding (diluted) | 162.6 | 162.0 | 167.4 | 176.7 | 177.2 | 176.1 | 188.9 | 197.4 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|