Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 23,390 | 15,062 | 13,210 |
Revenue growth | 55.3% | 14.0% | |
Cost of goods sold | 0 | 0 | 0 |
Gross profit | 23,390 | 15,062 | 13,210 |
Gross margin | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 0 | 0 | 0 |
EBIT | 10,346 | 861 | 171 |
EBIT margin | 44.2% | 5.7% | 1.3% |
Pre-tax income | 10,127 | 851 | 139 |
Income taxes | 1,843 | -15 | -168 |
Tax rate | 18.2% | | |
Net income | 8,284 | 866 | 307 |
Net margin | 35.4% | 5.7% | 2.3% |
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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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