Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 21,099 | 171,437 | 274,634 | 285,857 | 247,627 | 240,944 | 180,036 | 105,195 |
Revenue growth | -87.7% | -37.6% | -3.9% | 15.4% | 2.8% | 33.8% | 71.1% | -16.5% |
Cost of goods sold | -3,343 | -28,372 | -31,180 | -30,014 | -21,445 | -18,264 | -15,647 | -12,490 |
Gross profit | 24,442 | 199,809 | 305,814 | 315,871 | 269,072 | 259,208 | 195,683 | 117,685 |
Gross margin | 115.8% | 116.5% | 111.4% | 110.5% | 108.7% | 107.6% | 108.7% | 111.9% |
Selling, general and administrative | 935 | 5,705 | 6,613 | 7,859 | 3,377 | 2,854 | 3,039 | 2,264 |
EBIT | -677 | 17,891 | 83,073 | 81,185 | 91,080 | 90,607 | 71,985 | 40,183 |
EBIT margin | -3.2% | 10.4% | 30.2% | 28.4% | 36.8% | 37.6% | 40.0% | 38.2% |
Pre-tax income | -760 | 17,130 | 82,513 | 80,851 | 90,172 | 0 | 72,603 | 40,821 |
Income taxes | 852 | 3,116 | -22,314 | -24,390 | 0 | 0 | -18,193 | 0 |
Tax rate | | 18.2% | | | 0.0% | | | 0.0% |
Net income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 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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