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 | 19,125.2 | 12,357.4 | 8,681.7 | 8,906.3 | 9,587.3 | 1,593.0 | 1,362.9 | 8,895.3 |
Revenue growth | 54.8% | 42.3% | -2.5% | -7.1% | 501.8% | 16.9% | -84.7% | -1.8% |
Cost of goods sold | 13,606.6 | 9,368.9 | 7,843.7 | 8,258.1 | 8,088.9 | 750.2 | 552.9 | 7,983.3 |
Gross profit | 5,518.6 | 2,988.5 | 838.0 | 648.2 | 1,498.4 | 842.8 | 810.0 | 912.0 |
Gross margin | 28.9% | 24.2% | 9.7% | 7.3% | 15.6% | 52.9% | 59.4% | 10.3% |
Selling, general and administrative | 498.0 | 430.5 | 371.5 | 354.1 | 341.1 | 301.3 | 304.2 | 361.2 |
EBITA | 4,983.1 | 2,635.5 | 320.3 | 312.9 | 929.5 | 488.5 | 311.0 | 1,284.0 |
EBITA margin | 26.1% | 21.3% | 3.7% | 3.5% | 9.7% | 30.7% | 22.8% | 14.4% |
Amortization of intangibles | 1.8 | 1.1 | 1.2 | 5.1 | 5.7 | 6.1 | 7.4 | 7.6 |
EBIT | 4,981.3 | 2,634.4 | 319.1 | 307.8 | 923.8 | 482.4 | 303.6 | 1,276.4 |
EBIT margin | 26.0% | 21.3% | 3.7% | 3.5% | 9.6% | 30.3% | 22.3% | 14.3% |
Pre-tax income | 4,642.5 | 2,224.8 | 180.9 | -1,256.1 | 551.5 | 374.0 | 242.4 | 1,103.3 |
Income taxes | 1,224.3 | 597.7 | -578.5 | -224.7 | 77.1 | 494.9 | -74.2 | 99.1 |
Tax rate | 26.4% | 26.9% | | 17.9% | 14.0% | 132.3% | | 9.0% |
Net income | 3,582.8 | 1,630.6 | 666.1 | -1,067.4 | 944.4 | -228.1 | 614.4 | 2,004.6 |
Net margin | 18.7% | 13.2% | 7.7% | -12.0% | 9.9% | -14.3% | 45.1% | 22.5% |
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Diluted EPS | $10.06 | $4.27 | $1.75 | ($2.78) | $2.44 | ($0.65) | $1.75 | $5.56 |
Shares outstanding (diluted) | 356.0 | 381.6 | 381.3 | 383.8 | 386.4 | 350.9 | 351.7 | 360.3 |
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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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