Financial Summary (All financials)
In millions, except per share items | Oct-29-22 | Oct-30-21 | Oct-31-20 | Nov-02-19 | Nov-03-18 | Oct-28-17 | Oct-29-16 | Oct-31-15 |
Revenues | 12,014.0 | 7,318.3 | 5,603.1 | 5,991.1 | 6,224.7 | 5,246.4 | 3,421.4 | 3,435.1 |
Revenue growth | 64.2% | 30.6% | -6.5% | -3.8% | 18.6% | 53.3% | -0.4% | 19.9% |
Cost of goods sold | 4,481.5 | 2,793.3 | 1,912.6 | 1,977.3 | 1,974.3 | 2,078.1 | 1,194.2 | 1,175.8 |
Gross profit | 7,532.5 | 4,525.0 | 3,690.5 | 4,013.8 | 4,250.4 | 3,168.2 | 2,227.2 | 2,259.3 |
Gross margin | 62.7% | 61.8% | 65.9% | 67.0% | 68.3% | 60.4% | 65.1% | 65.8% |
Selling, general and administrative | 1,266.2 | 915.4 | 659.9 | 648.1 | 695.5 | 690.5 | 461.4 | 702.6 |
Research and development | 1,700.5 | 1,296.1 | 1,050.5 | 1,130.3 | 1,165.0 | 968.1 | 653.8 | 637.5 |
EBITA | 5,567.4 | 2,620.0 | 2,127.7 | 2,376.8 | 2,531.4 | 1,601.6 | 1,117.0 | 922.9 |
EBITA margin | 46.3% | 35.8% | 38.0% | 39.7% | 40.7% | 30.5% | 32.6% | 26.9% |
Amortization of intangibles | 2,014.2 | 843.4 | 577.1 | 570.6 | 570.5 | 389.4 | 75.3 | 92.1 |
EBIT | 3,553.2 | 1,776.7 | 1,550.6 | 1,806.3 | 1,960.9 | 1,212.2 | 1,041.8 | 830.8 |
EBIT margin | 29.6% | 24.3% | 27.7% | 30.1% | 31.5% | 23.1% | 30.4% | 24.2% |
Pre-tax income | 3,098.7 | 1,328.7 | 1,311.6 | 1,485.7 | 1,655.3 | 934.7 | 956.9 | 810.1 |
Income taxes | 350.2 | -61.7 | 90.9 | 122.7 | 148.3 | 129.4 | 95.3 | 113.2 |
Tax rate | 11.3% | | 6.9% | 8.3% | 9.0% | 13.8% | 10.0% | 14.0% |
Net income | 2,748.6 | 1,390.4 | 1,220.8 | 1,363.0 | 1,507.0 | 805.4 | 861.7 | 696.9 |
Net margin | 22.9% | 19.0% | 21.8% | 22.8% | 24.2% | 15.4% | 25.2% | 20.3% |
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Diluted EPS | $5.25 | $3.46 | $3.28 | $3.66 | $4.02 | $2.30 | $2.76 | $2.20 |
Shares outstanding (diluted) | 523.2 | 401.3 | 372.0 | 372.9 | 374.9 | 350.5 | 312.3 | 316.9 |
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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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