Financial Summary (All financials)
In millions of CAD, 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 | Dec-31-15 |
Revenues | 8,730 | 7,916 | 7,648 | 7,729 | 7,254 | 6,492 | 6,232 | 6,712 |
Revenue growth | 10.3% | 3.5% | -1.0% | 6.5% | 11.7% | 4.2% | -7.2% | 1.4% |
Cost of goods sold | 2,970 | 2,424 | 2,212 | 2,422 | 2,386 | 3,295 | 3,919 | 3,450 |
Gross profit | 5,760 | 5,492 | 5,436 | 5,307 | 4,868 | 3,197 | 2,313 | 3,262 |
Gross margin | 66.0% | 69.4% | 71.1% | 68.7% | 67.1% | 49.2% | 37.1% | 48.6% |
Selling, general and administrative | 853 | 811 | 779 | 706 | 696 | 4,035 | 3,821 | 4,024 |
EBITA | 2,258 | 3,350 | 3,311 | 3,124 | 2,831 | 2,519 | 2,436 | 2,620 |
EBITA margin | 25.9% | 42.3% | 43.3% | 40.4% | 39.0% | 38.8% | 39.1% | 39.0% |
Amortization of intangibles | 3 | 3 | | | | | | |
EBIT | 2,255 | 3,347 | 3,311 | 3,124 | 2,831 | 2,519 | 2,436 | 2,620 |
EBIT margin | 25.8% | 42.3% | 43.3% | 40.4% | 39.0% | 38.8% | 39.1% | 39.0% |
Pre-tax income | 4,145 | 3,620 | 3,202 | 3,146 | 2,588 | 2,498 | 2,152 | 1,959 |
Income taxes | 628 | 768 | 758 | 706 | 637 | 93 | 553 | 607 |
Tax rate | 15.2% | 21.2% | 23.7% | 22.4% | 24.6% | 3.7% | 25.7% | 31.0% |
Net income | 3,517 | 2,852 | 2,444 | 2,440 | 1,951 | 2,405 | 1,599 | 1,352 |
Net margin | 40.3% | 36.0% | 32.0% | 31.6% | 26.9% | 37.0% | 25.7% | 20.1% |
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Diluted EPS | $3.77 | $4.18 | $3.59 | $3.50 | $13.61 | $16.44 | $10.62 | $8.40 |
Shares outstanding (diluted) | 933 | 683 | 680 | 696 | 143 | 146 | 151 | 161 |
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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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