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 | 855.0 | 717.2 | 495.7 | 527.2 | 7,440.1 | 6,663.9 | 5,785.7 | 4,771.5 |
Revenue growth | 19.2% | 44.7% | -6.0% | -92.9% | 11.6% | 15.2% | 21.3% | 16.4% |
Cost of goods sold | 3,156.4 | 2,585.3 | 2,189.6 | 2,173.7 | 2,128.7 | 2,056.6 | 1,762.7 | 1,308.8 |
Gross profit | -2,301.4 | -1,868.1 | -1,693.9 | -1,646.5 | 5,311.4 | 4,607.3 | 4,023.0 | 3,462.7 |
Gross margin | -269.2% | -260.5% | -341.7% | -312.3% | 71.4% | 69.1% | 69.5% | 72.6% |
Selling, general and administrative | 972.3 | 811.6 | 778.7 | 730.4 | 733.2 | 637.0 | 543.4 | 497.8 |
EBITA | 4,052.3 | 4,332.0 | 3,787.5 | 3,479.7 | 3,049.1 | 2,784.3 | 2,552.8 | 2,151.3 |
EBITA margin | 474.0% | 604.0% | 764.1% | 660.0% | 41.0% | 41.8% | 44.1% | 45.1% |
Amortization of intangibles | 1,700.0 | 1,200.0 | 900.0 | 791.3 | 1,144.1 | 785.9 | 699.8 | 568.3 |
EBIT | 2,352.3 | 3,132.0 | 2,887.5 | 2,688.4 | 1,905.0 | 1,998.4 | 1,853.0 | 1,583.0 |
EBIT margin | 275.1% | 436.7% | 582.5% | 509.9% | 25.6% | 30.0% | 32.0% | 33.2% |
Pre-tax income | 1,720.7 | 2,829.4 | 1,821.1 | 1,916.4 | 1,154.6 | 1,256.1 | 1,125.9 | 830.0 |
Income taxes | 24.0 | 261.8 | 129.6 | -0.2 | -110.1 | 30.7 | 155.5 | 158.0 |
Tax rate | 1.4% | 9.3% | 7.1% | | | 2.4% | 13.8% | 19.0% |
Net income | 1,765.8 | 2,567.7 | 1,690.6 | 1,887.8 | 1,227.0 | 1,151.5 | 849.3 | 594.9 |
Net margin | 206.5% | 358.0% | 341.1% | 358.1% | 16.5% | 17.3% | 14.7% | 12.5% |
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Diluted EPS | $3.82 | $5.66 | $3.79 | $4.24 | $2.77 | $2.67 | $1.98 | $1.41 |
Shares outstanding (diluted) | 462.8 | 453.3 | 446.1 | 445.5 | 443.0 | 431.7 | 429.3 | 423.0 |
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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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