Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 6,069.9 | 4,991.1 | 4,131.2 | 3,551.1 | 3,084.1 | 2,604.0 | 2,234.0 | 1,551.3 |
Revenue growth | 21.6% | 20.8% | 16.3% | 15.1% | 18.4% | 16.6% | 44.0% | 36.8% |
Cost of goods sold | 553.5 | 394.5 | 374.3 | 454.2 | 258.3 | 233.1 | 174.0 | 177.6 |
Gross profit | 5,516.4 | 4,596.6 | 3,756.9 | 3,096.9 | 2,825.8 | 2,370.9 | 2,060.0 | 1,373.8 |
Gross margin | 90.9% | 92.1% | 90.9% | 87.2% | 91.6% | 91.0% | 92.2% | 88.6% |
Selling, general and administrative | 1,399.9 | 1,261.1 | 1,111.8 | 1,094.4 | 953.0 | 862.6 | 630.0 | 489.7 |
Research and development | 1,002.9 | 886.0 | 730.4 | 878.4 | 757.2 | 709.5 | 514.0 | 317.1 |
EBITA | 3,117.5 | 2,459.0 | 732.7 | 1,124.2 | 1,115.6 | 798.8 | 907.0 | 570.8 |
EBITA margin | 51.4% | 49.3% | 17.7% | 31.7% | 36.2% | 30.7% | 40.6% | 36.8% |
Amortization of intangibles | 257.6 | 315.0 | 321.1 | 320.2 | 322.2 | 116.6 | 11.0 | 8.3 |
EBIT | 2,859.9 | 2,144.0 | 411.6 | 804.0 | 793.4 | 682.2 | 896.0 | 562.6 |
EBIT margin | 47.1% | 43.0% | 10.0% | 22.6% | 25.7% | 26.2% | 40.1% | 36.3% |
Pre-tax income | 569.0 | 2,178.8 | 242.2 | 547.8 | 576.2 | 498.1 | 872.0 | 526.3 |
Income taxes | -34.4 | -225.5 | 164.6 | 104.5 | 176.8 | 353.7 | 215.0 | 273.4 |
Tax rate | | | 68.0% | 19.1% | 30.7% | 71.0% | 24.7% | 51.9% |
Net income | 603.4 | 2,404.3 | 77.6 | 443.3 | 399.4 | 144.4 | 657.0 | 252.9 |
Net margin | 9.9% | 48.2% | 1.9% | 12.5% | 13.0% | 5.5% | 29.4% | 16.3% |
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Diluted EPS | $2.72 | $10.70 | $0.35 | $1.97 | $1.76 | $0.67 | $3.25 | $1.27 |
Shares outstanding (diluted) | 222.0 | 224.8 | 224.5 | 225.4 | 226.3 | 215.9 | 202.0 | 199.7 |
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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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