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 | 17,090.0 | 10,958.0 | 6,796.0 | 15,066.0 | 14,527.0 | 12,681.0 | 10,743.0 | 9,224.0 |
Revenue growth | 56.0% | 61.2% | -54.9% | 3.7% | 14.6% | 18.0% | 16.5% | 9.3% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 242.0 | 415.0 | 632.2 |
Gross profit | 17,090.0 | 10,958.0 | 6,796.0 | 15,066.0 | 14,527.0 | 12,439.0 | 10,328.0 | 8,591.8 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 98.1% | 96.1% | 93.1% |
Sales and marketing | 5,993.0 | 3,801.0 | 2,179.0 | 4,967.0 | 4,956.0 | | | 353.2 |
Research and development | 526.0 | 412.0 | 299.0 | 285.0 | 233.0 | 189.0 | 142.0 | 113.6 |
General and administrative | 3,399.0 | 2,934.0 | 2,525.0 | 3,045.0 | 2,741.0 | 2,236.0 | 1,802.0 | 415.4 |
EBITA | 5,326.0 | 2,658.0 | 598.0 | 5,520.0 | 5,519.0 | 4,714.0 | 4,016.0 | 3,429.9 |
EBITA margin | 31.2% | 24.3% | 8.8% | 36.6% | 38.0% | 37.2% | 37.4% | 37.2% |
Amortization of intangibles | 224.0 | 162.0 | 167.0 | 175.0 | 178.0 | 176.0 | 169.0 | 171.0 |
EBIT | 5,102.0 | 2,496.0 | 431.0 | 5,345.0 | 5,341.0 | 4,538.0 | 3,847.0 | 3,258.9 |
EBIT margin | 29.9% | 22.8% | 6.3% | 35.5% | 36.8% | 35.8% | 35.8% | 35.3% |
Pre-tax income | 3,923.0 | 1,465.0 | 567.0 | 5,958.0 | 4,835.0 | 4,399.0 | 2,713.0 | 3,128.3 |
Income taxes | 865.0 | 300.0 | 508.0 | 1,093.0 | 837.0 | 2,058.0 | 578.0 | 577.0 |
Tax rate | 22.0% | 20.5% | 89.6% | 18.3% | 17.3% | 46.8% | 21.3% | 18.4% |
Net income | 3,058.0 | 1,165.0 | 59.0 | 4,865.0 | 3,998.0 | 2,341.0 | 2,135.0 | 2,551.4 |
Net margin | 17.9% | 10.6% | 0.9% | 32.3% | 27.5% | 18.5% | 19.9% | 27.7% |
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Diluted EPS | $76.35 | $28.17 | $1.43 | $111.82 | $83.26 | $46.86 | $42.65 | $49.45 |
Shares outstanding (diluted) | 40.1 | 41.4 | 41.2 | 43.5 | 48.0 | 50.0 | 50.1 | 51.6 |
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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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