Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 20,689.0 | 11,266.0 | 8,207.0 | 21,461.0 | 11,759.0 | 7,000.1 | 4,046.0 | 3,198.4 |
Revenue growth | 83.6% | 37.3% | -61.8% | 82.5% | 68.0% | 73.0% | 26.5% | 58.8% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 17,419.0 | 9,536.0 | 5,400.9 | 3,122.5 | 2,316.7 |
Gross profit | 20,689.0 | 11,266.0 | 8,207.0 | 4,042.0 | 2,223.0 | 1,599.3 | 923.5 | 881.7 |
Gross margin | 100.0% | 100.0% | 100.0% | 18.8% | 18.9% | 22.8% | 22.8% | 27.6% |
Selling, general and administrative | 7,083.0 | 4,636.0 | 4,138.0 | 2,835.0 | 2,477.0 | 1,432.2 | 922.2 | 603.7 |
Research and development | | | | 1,460.0 | 1,378.0 | 834.4 | 717.9 | 464.7 |
EBITA | 13,657.0 | 6,681.0 | 4,113.0 | -187.0 | -1,592.0 | -667.3 | -716.6 | -186.7 |
EBITA margin | 66.0% | 59.3% | 50.1% | -0.9% | -13.5% | -9.5% | -17.7% | -5.8% |
Amortization of intangibles | 51.0 | 51.0 | 44.0 | 66.0 | 40.0 | | | |
EBIT | 13,606.0 | 6,630.0 | 4,069.0 | -253.0 | -1,632.0 | -667.3 | -716.6 | -186.7 |
EBIT margin | 65.8% | 58.8% | 49.6% | -1.2% | -13.9% | -9.5% | -17.7% | -5.8% |
Pre-tax income | 6,343.0 | 1,154.0 | -665.0 | -1,005.0 | -2,209.0 | -746.3 | -875.6 | -284.6 |
Income taxes | 699.0 | 292.0 | 110.0 | 58.0 | 32.0 | 26.7 | 13.0 | 9.4 |
Tax rate | 11.0% | 25.3% | | | | | | |
Net income | 5,644.0 | 862.0 | -775.0 | -976.0 | -1,962.0 | -674.9 | -888.7 | -294.0 |
Net margin | 27.3% | 7.7% | -9.4% | -4.5% | -16.7% | -9.6% | -22.0% | -9.2% |
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Diluted EPS | $5.00 | $0.80 | ($0.87) | ($1.14) | ($11.82) | ($4.68) | ($6.93) | ($2.36) |
Shares outstanding (diluted) | 1,129.0 | 1,083.0 | 887.0 | 853.0 | 166.0 | 144.2 | 128.2 | 124.5 |
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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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