Keysight Technologies, Inc. (KEYS) [Rocket]

In millions, except per share items	Oct-31-22	Oct-31-21	Oct-31-20	Oct-31-19	Oct-31-18	Oct-31-17	Oct-31-16	Oct-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Communications Solutions Group					2,843	2,064	1,752	1,703
Electronic Industrial Solutions Group					1,071	929	776	758
Ixia Solutions Group						256
Other							390	395
Total revenues [+]	5,420	4,941	4,221	4,303	3,878	3,189	2,918	2,856
Products								2,408
Services								448
Net interest income	79	79	78	80	83	80	47	46
Revenue growth [+]	9.7%	17.1%	-1.9%	11.0%	21.6%	9.3%	2.2%	-2.6%
Communications Solutions Group					37.7%	17.8%	2.9%	-3.6%
Electronic Industrial Solutions Group					15.3%	19.7%	2.4%	-1.0%
Cost of goods sold [+]	1,970	1,872	1,688	1,769	1,767	1,492	1,294	1,269
Cost of product sales								1,025
Cost of services								244
Gross profit	3,450	3,069	2,533	2,534	2,111	1,697	1,624	1,587
Gross margin	63.7%	62.1%	60.0%	58.9%	54.4%	53.2%	55.7%	55.6%
Selling, general and administrative	1,283	1,195	1,097	1,155	1,205	1,058	818	787
Research and development	841	811	715	688	624	507	425	387
Other operating expenses	-8	-17	-44	-20	-40	-32	-25	-18
EBITDA [+]	1,557	1,373	1,091	1,019	632	389	540	530
EBITDA growth	13.4%	25.8%	7.1%	61.2%	62.5%	-28.0%	1.9%	-4.2%
EBITDA margin	28.7%	27.8%	25.8%	23.7%	16.3%	12.2%	18.5%	18.6%
Depreciation	120	119	106	98	106	94	91	84
EBITA	1,437	1,254	985	921	526	295	449	446
EBITA margin	26.5%	25.4%	23.3%	21.4%	13.6%	9.3%	15.4%	15.6%
Amortization of intangibles	103	174	220	210	204	131	43	15
EBIT [+]	1,334	1,080	765	711	322	164	406	431
EBIT growth	23.5%	41.2%	7.6%	120.8%	96.3%	-59.6%	-5.8%	-8.1%
EBIT margin	24.6%	21.9%	18.1%	16.5%	8.3%	5.1%	13.9%	15.1%
Non-recurring items [+]					716	16
Asset impairment					709
Interest expense, net [+]	63	76	67	57	71	73	44	45
Interest expense	79	79	78	80	83	80	47	46
Interest income	16	3	11	23	12	7	3	1
Other income (expense), net [+]	14	6	63	61	1,200	523	184	173
Other	14	6	63	61	54	104	4	2
Pre-tax income	1,285	1,010	761	715	735	598	546	559
Income taxes	161	116	134	94	-576	77	31	-125
Tax rate	12.5%	11.5%	17.6%	13.1%		12.9%	5.7%
Net income	1,124	894	627	621	165	102	335	513
Net margin	20.7%	18.1%	14.9%	14.4%	4.3%	3.2%	11.5%	18.0%

Basic EPS [+]	$6.24	$4.83	$3.35	$3.30	$0.88	$0.57	$1.97	$3.04
Growth	29.2%	44.1%	1.5%	274.4%	55.7%	-71.2%	-35.1%	29.3%
Diluted EPS [+]	$6.18	$4.78	$3.32	$3.25	$0.86	$0.56	$1.95	$3.00
Growth	29.2%	44.1%	2.0%	276.4%	54.1%	-71.2%	-35.1%	27.8%

Shares outstanding (basic) [+]	180	185	187	188	187	180	170	169
Growth	-2.7%	-1.1%	-0.5%	0.5%	3.9%	5.9%	0.6%	1.2%
Shares outstanding (diluted) [+]	182	187	189	191	191	182	172	171
Growth	-2.7%	-1.1%	-1.0%	0.0%	4.9%	5.8%	0.6%	2.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.