Financial Summary (All financials)
In millions, 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 | 76,555.0 | 74,196.0 | 75,833.0 | 90,221.0 | 97,012.0 | 99,279.0 | 119,469.0 | 117,386.0 |
Revenue growth | 3.2% | -2.2% | -15.9% | -7.0% | -2.3% | -16.9% | 1.8% | 0.2% |
Cost of goods sold | 58,815.0 | 65,670.0 | 64,812.0 | 74,168.0 | 79,712.0 | 94,840.0 | 97,839.0 | 82,693.0 |
Gross profit | 17,740.0 | 8,526.0 | 11,021.0 | 16,053.0 | 17,300.0 | 4,439.0 | 21,630.0 | 34,693.0 |
Gross margin | 23.2% | 11.5% | 14.5% | 17.8% | 17.8% | 4.5% | 18.1% | 29.6% |
Selling, general and administrative | 12,781.0 | 11,716.0 | 12,628.0 | 13,806.0 | 14,643.0 | 14,257.0 | 17,756.0 | 17,831.0 |
Research and development | 2,813.0 | 2,497.0 | 2,565.0 | 3,118.0 | 3,415.0 | | | |
EBITA | 6,696.0 | -5,989.0 | 10,668.0 | 8,105.0 | 8,292.0 | -195.0 | 9,989.0 | 9,512.0 |
EBITA margin | 8.7% | -8.1% | 14.1% | 9.0% | 8.5% | -0.2% | 8.4% | 8.1% |
Amortization of intangibles | 1,742.0 | 1,138.0 | 1,336.0 | 1,523.0 | 2,163.0 | 1,862.0 | 2,073.0 | |
EBIT | 4,954.0 | -7,127.0 | 9,332.0 | 6,582.0 | 6,129.0 | -2,057.0 | 7,916.0 | 9,512.0 |
EBIT margin | 6.5% | -9.6% | 12.3% | 7.3% | 6.3% | -2.1% | 6.6% | 8.1% |
Pre-tax income | 1,412.0 | -3,683.0 | 5,970.0 | -54.0 | -20,987.0 | -11,345.0 | 7,031.0 | 8,186.0 |
Income taxes | 476.0 | 286.0 | -487.0 | 552.0 | 93.0 | 2,808.0 | 1,133.0 | -6,485.0 |
Tax rate | 33.7% | | | | | | 16.1% | |
Earnings from continuing ops | 580.0 | -3,562.0 | 6,141.0 | -1,133.0 | -21,439.0 | -8,608.0 | 7,799.0 | 1,350.0 |
Earnings from discontinued ops | -644.0 | -3,195.0 | -911.0 | -4,306.0 | -1,363.0 | -312.0 | -954.0 | -7,495.0 |
Net income | -64.0 | -6,757.0 | 5,230.0 | -5,439.0 | -22,802.0 | -8,920.0 | 6,845.0 | -6,145.0 |
Net margin | -0.1% | -9.1% | 6.9% | -6.0% | -23.5% | -9.0% | 5.7% | -5.2% |
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Diluted EPS | $1,094,339,622.64 | $1,096,000,000.00 | $1,124,725,274.73 | $1,156,122,448.98 | $8,679,757,085.02 | $8,608,000,000.00 | $0.85 | $0.13 |
Shares outstanding (diluted) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 9,130.0 | 10,016.0 |
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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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