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 | 8,840.5 | 1,532.1 | 2,208.8 | 10,950.7 | 9,493.8 | 8,777.8 | 8,496.4 | 8,299.1 |
Revenue growth | 477.0% | -30.6% | -79.8% | 15.3% | 8.2% | 3.3% | 2.4% | 2.8% |
Cost of goods sold | 6,614.3 | 2,657.5 | 2,765.1 | 6,760.7 | 5,972.8 | 4,896.6 | 5,015.5 | 5,099.4 |
Gross profit | 2,226.2 | -1,125.4 | -556.3 | 4,189.9 | 3,521.0 | 3,881.3 | 3,480.9 | 3,199.7 |
Gross margin | 25.2% | -73.5% | -25.2% | 38.3% | 37.1% | 44.2% | 41.0% | 38.6% |
Selling, general and administrative | 1,582.9 | 1,370.1 | 1,199.6 | 1,559.3 | 1,303.1 | 1,186.0 | 1,108.7 | 1,086.5 |
EBIT | -707.3 | -4,005.8 | -4,814.8 | 2,313.7 | 2,105.6 | 1,900.3 | 1,605.6 | 1,367.2 |
EBIT margin | -8.0% | -261.5% | -218.0% | 21.1% | 22.2% | 21.6% | 18.9% | 16.5% |
Pre-tax income | -2,156.0 | -5,260.5 | -5,775.1 | 1,907.6 | 1,815.8 | 1,625.1 | 1,283.4 | 677.8 |
Income taxes | 0.0 | 0.0 | 22.3 | 28.7 | 4.8 | 0.0 | 0.0 | 12.0 |
Tax rate | 0.0% | 0.0% | | 1.5% | 0.3% | 0.0% | 0.0% | 1.8% |
Net income | -2,156.0 | -5,260.5 | -5,797.5 | 1,878.9 | 1,811.0 | 1,625.1 | 1,283.4 | 665.8 |
Net margin | -24.4% | -343.3% | -262.5% | 17.2% | 19.1% | 18.5% | 15.1% | 8.0% |
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Diluted EPS | ($8.45) | ($20.89) | ($27.05) | $8.95 | $8.56 | $7.53 | $5.93 | $3.02 |
Shares outstanding (diluted) | 255.0 | 251.8 | 214.3 | 209.9 | 211.6 | 215.7 | 216.3 | 220.7 |
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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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