Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| Revenues | 38,204.8 | 18,389.1 | 11,183.6 |
| Revenue growth | 107.8% | 64.4% | |
| Cost of goods sold | 63,694.9 | 32,651.6 | 19,617.9 |
| Gross profit | -25,490.1 | -14,262.4 | -8,434.2 |
| Gross margin | -66.7% | -77.6% | -75.4% |
| Selling, general and administrative | 426.5 | 362.0 | 313.6 |
| EBITA | 4,133.5 | 895.3 | -58.9 |
| EBITA margin | 10.8% | 4.9% | -0.5% |
| Amortization of intangibles | 51.0 | 35.6 | 34.1 |
| EBIT | 4,082.5 | 859.7 | -93.0 |
| EBIT margin | 10.7% | 4.7% | -0.8% |
| Pre-tax income | 3,936.0 | 787.2 | -747.0 |
| Income taxes | 894.9 | 123.9 | -232.1 |
| Tax rate | 22.7% | 15.7% | 31.1% |
| Net income | 2,922.7 | 558.3 | -601.4 |
| Net margin | 7.6% | 3.0% | -5.4% |
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| Diluted EPS | $14.43 | $3.43 | ($3.71) |
| Shares outstanding (diluted) | 202.6 | 162.6 | 162.0 |
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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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