Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-09 |
Revenues | 5,613.0 | 5,039.0 | 5,080.0 | 3,729.0 | 5,117.0 | 4,456.0 | 2,208.0 | 3,469.2 |
Revenue growth | 11.4% | -0.8% | 36.2% | -27.1% | 14.8% | 101.8% | | 63.9% |
Cost of goods sold | 3,519.0 | 3,137.0 | 2,808.0 | 2,805.0 | 2,686.0 | 2,727.0 | 2,935.0 | 2,630.8 |
Gross profit | 2,094.0 | 1,902.0 | 2,272.0 | 924.0 | 2,431.0 | 1,729.0 | -727.0 | 838.4 |
Gross margin | 37.3% | 37.7% | 44.7% | 24.8% | 47.5% | 38.8% | -32.9% | 24.2% |
Selling, general and administrative | 1,193.0 | 998.0 | 1,044.0 | 1,055.0 | 1,090.0 | 1,030.0 | 122.0 | -2,051.0 |
EBIT | 1,602.0 | 1,231.0 | 1,243.0 | -100.0 | 1,191.0 | -1,181.0 | -2,743.0 | 258.6 |
EBIT margin | 28.5% | 24.4% | 24.5% | -2.7% | 23.3% | -26.5% | -124.2% | 7.5% |
Pre-tax income | 901.0 | 904.0 | 1,228.0 | -131.0 | 1,341.0 | 699.0 | -849.0 | 0.0 |
Income taxes | -408.0 | 126.0 | 293.0 | -147.0 | 313.0 | 99.0 | -427.0 | 0.0 |
Tax rate | | 13.9% | 23.9% | 112.2% | 23.3% | 14.2% | 50.3% | |
Net income | 1,405.0 | 869.0 | 1,031.0 | 110.0 | 1,110.0 | 661.0 | -366.0 | 0.0 |
Net margin | 25.0% | 17.2% | 20.3% | 2.9% | 21.7% | 14.8% | -16.6% | 0.0% |
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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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