Mastercard Inc (MA) [Rocket]

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	23,616.0	24,980.0	21,831.0	12,497.0	10,776.0	9,667.0	9,441.0	8,312.0
Revenue growth	-5.5%	14.4%	74.7%	16.0%	11.5%	2.4%	13.6%	12.5%
Cost of goods sold	8,315.0	8,097.0	6,881.0	0.0	0.0	0.0	0.0	0.0
Gross profit	15,301.0	16,883.0	14,950.0	12,497.0	10,776.0	9,667.0	9,441.0	8,312.0
Gross margin	64.8%	67.6%	68.5%	100.0%	100.0%	100.0%	100.0%	100.0%
Sales and marketing	657.0	934.0	907.0	771.0	698.0	821.0	862.0	841.0
General and administrative	5,910.0	5,763.0	5,174.0	4,653.0	3,827.0	3,341.0	3,152.0	2,615.0
EBITA	8,457.0	9,949.0	8,660.0	6,889.0	6,099.0	5,374.0	5,320.0	4,764.0
EBITA margin	35.8%	39.8%	39.7%	55.1%	56.6%	55.6%	56.3%	57.3%
Amortization of intangibles	303.0	285.0	250.0	252.0	221.0	235.0	214.0	166.0
EBIT	8,154.0	9,664.0	8,410.0	6,637.0	5,878.0	5,139.0	5,106.0	4,598.0
EBIT margin	34.5%	38.7%	38.5%	53.1%	54.5%	53.2%	54.1%	55.3%
Pre-tax income	7,760.0	9,731.0	7,204.0	6,522.0	5,646.0	4,958.0	5,079.0	4,500.0
Income taxes	1,349.0	1,613.0	1,345.0	2,607.0	1,587.0	1,150.0	1,462.0	1,384.0
Tax rate	17.4%	16.6%	18.7%	40.0%	28.1%	23.2%	28.8%	30.8%
Net income	6,411.0	8,118.0	5,859.0	3,915.0	4,059.0	3,808.0	3,617.0	3,116.0
Net margin	27.1%	32.5%	26.8%	31.3%	37.7%	39.4%	38.3%	37.5%

Diluted EPS	$6.37	$7.94	$5.60	$3.65	$3.69	$3.35	$3.09	$2.56
Shares outstanding (diluted)	1,006.0	1,022.0	1,047.0	1,072.0	1,101.0	1,137.0	1,169.0	1,215.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.