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 | 49,610.7 | 47,702.0 | 42,658.1 | 39,022.3 | 31,979.0 | 26,839.0 | 23,441.4 | 20,853.8 |
Revenue growth | 4.0% | 11.8% | 9.3% | 22.0% | 19.2% | 14.5% | 12.4% | 7.5% |
Cost of goods sold | 48,463.8 | 43,492.0 | 35,484.9 | 33,862.0 | 28,815.4 | 24,700.1 | 21,970.7 | 18,942.2 |
Gross profit | 1,146.9 | 4,210.0 | 7,173.2 | 5,160.3 | 3,163.6 | 2,138.9 | 1,470.7 | 1,911.6 |
Gross margin | 2.3% | 8.8% | 16.8% | 13.2% | 9.9% | 8.0% | 6.3% | 9.2% |
Selling, general and administrative | 224.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBITA | 1,421.4 | 4,486.3 | 7,447.1 | 5,416.3 | 3,081.6 | 1,943.1 | 1,237.8 | 1,683.4 |
EBITA margin | 2.9% | 9.4% | 17.5% | 13.9% | 9.6% | 7.2% | 5.3% | 8.1% |
Amortization of intangibles | 31.0 | 57.7 | 56.9 | 66.3 | 72.0 | 66.2 | 62.1 | 46.8 |
EBIT | 1,390.4 | 4,428.6 | 7,390.2 | 5,350.0 | 3,009.6 | 1,876.9 | 1,175.7 | 1,636.6 |
EBIT margin | 2.8% | 9.3% | 17.3% | 13.7% | 9.4% | 7.0% | 5.0% | 7.8% |
Pre-tax income | 922.1 | 4,210.0 | 7,173.2 | 5,160.3 | 3,163.6 | 2,138.9 | 1,470.7 | 1,911.6 |
Income taxes | 200.6 | 859.1 | 1,468.6 | 1,180.3 | 542.6 | 540.8 | 413.5 | 611.1 |
Tax rate | 21.8% | 20.4% | 20.5% | 22.9% | 17.2% | 25.3% | 28.1% | 32.0% |
Net income | 694.6 | 3,324.0 | 5,677.7 | 3,943.4 | 2,593.9 | 1,592.2 | 1,031.0 | 1,267.6 |
Net margin | 1.4% | 7.0% | 13.3% | 10.1% | 8.1% | 5.9% | 4.4% | 6.1% |
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Diluted EPS | $1.18 | $5.66 | $9.66 | $6.72 | $4.42 | $2.72 | $1.76 | $2.15 |
Shares outstanding (diluted) | 587.1 | 587.1 | 587.6 | 587.2 | 586.7 | 585.7 | 585.0 | 589.2 |
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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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