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 | 83,064.0 | 77,155.0 | 64,888.0 | 56,912.0 | 53,767.0 | 54,379.0 | 54,289.0 | 48,500.0 |
Revenue growth | 7.7% | 18.9% | 14.0% | 5.8% | -1.1% | 0.2% | 11.9% | 17.4% |
Cost of goods sold | 69,199.0 | 61,628.0 | 53,857.0 | 45,882.0 | 42,560.0 | 45,111.0 | 44,292.0 | 38,166.0 |
Gross profit | 13,865.0 | 15,527.0 | 11,031.0 | 11,030.0 | 11,207.0 | 9,268.0 | 9,997.0 | 10,334.0 |
Gross margin | 16.7% | 20.1% | 17.0% | 19.4% | 20.8% | 17.0% | 18.4% | 21.3% |
Selling, general and administrative | 10,121.0 | 10,052.0 | 7,381.0 | 7,525.0 | 6,567.0 | 7,173.0 | 7,295.0 | 7,639.0 |
EBITA | 3,278.0 | 5,148.0 | 3,276.0 | 3,201.0 | 4,337.0 | 1,818.0 | 2,440.0 | 2,483.0 |
EBITA margin | 3.9% | 6.7% | 5.0% | 5.6% | 8.1% | 3.3% | 4.5% | 5.1% |
Amortization of intangibles | 65.0 | 88.0 | 70.0 | 90.0 | 75.0 | 77.0 | 93.0 | 121.0 |
EBIT | 3,213.0 | 5,060.0 | 3,206.0 | 3,111.0 | 4,262.0 | 1,741.0 | 2,347.0 | 2,362.0 |
EBIT margin | 3.9% | 6.6% | 4.9% | 5.5% | 7.9% | 3.2% | 4.3% | 4.9% |
Pre-tax income | 3,419.0 | 4,674.0 | 3,470.0 | 2,074.0 | 4,020.0 | 1,552.0 | 2,431.0 | 2,170.0 |
Income taxes | 485.0 | 1,307.0 | 763.0 | 391.0 | 1,572.0 | 938.0 | 1,155.0 | 1,023.0 |
Tax rate | 14.2% | 28.0% | 22.0% | 18.9% | 39.1% | 60.4% | 47.5% | 47.1% |
Net income | 2,933.0 | 3,367.0 | 2,707.0 | 1,683.0 | 2,448.0 | 614.0 | 1,276.0 | 1,147.0 |
Net margin | 3.5% | 4.4% | 4.2% | 3.0% | 4.6% | 1.1% | 2.4% | 2.4% |
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Diluted EPS | $22.67 | $25.31 | $20.09 | $12.16 | $16.81 | $4.07 | $8.44 | $7.36 |
Shares outstanding (diluted) | 129.4 | 133.0 | 134.7 | 138.4 | 145.6 | 150.9 | 151.1 | 155.9 |
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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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