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 | 20,705.0 | 23,838.0 | 22,877.0 | 17,179.0 | 13,082.0 | 16,688.0 | 24,551.0 | 22,364.0 |
Revenue growth | -13.1% | 4.2% | 33.2% | 31.3% | -21.6% | -32.0% | 9.8% | 4.7% |
Cost of goods sold | 17,506.0 | 19,406.0 | 18,891.0 | 13,731.0 | 10,150.0 | 12,193.0 | 19,746.0 | 18,553.0 |
Gross profit | 3,199.0 | 4,432.0 | 3,986.0 | 3,448.0 | 2,932.0 | 4,495.0 | 4,805.0 | 3,811.0 |
Gross margin | 15.5% | 18.6% | 17.4% | 20.1% | 22.4% | 26.9% | 19.6% | 17.0% |
Selling, general and administrative | 2,404.0 | 2,832.0 | 2,699.0 | 2,535.0 | 1,926.0 | 2,115.0 | 1,333.0 | 1,306.0 |
Research and development | | | | | | | 1,043.0 | 926.0 |
EBITA | 1,103.0 | 1,965.0 | 1,881.0 | 1,311.0 | 1,245.0 | 2,559.0 | 2,966.0 | 2,068.0 |
EBITA margin | 5.3% | 8.2% | 8.2% | 7.6% | 9.5% | 15.3% | 12.1% | 9.2% |
Amortization of intangibles | 308.0 | 365.0 | 455.0 | 387.0 | 239.0 | 179.0 | 107.0 | 119.0 |
EBIT | 795.0 | 1,600.0 | 1,426.0 | 924.0 | 1,006.0 | 2,380.0 | 2,859.0 | 1,949.0 |
EBIT margin | 3.8% | 6.7% | 6.2% | 5.4% | 7.7% | 14.3% | 11.6% | 8.7% |
Pre-tax income | -15,146.0 | 753.0 | 541.0 | -346.0 | 358.0 | -158.0 | 2,627.0 | 1,715.0 |
Income taxes | 650.0 | 476.0 | 402.0 | 146.0 | 173.0 | 473.0 | 896.0 | 612.0 |
Tax rate | | 63.2% | 74.3% | | 48.3% | | 34.1% | 35.7% |
Net income | -15,825.0 | 241.0 | 120.0 | -499.0 | 254.0 | -606.0 | 1,719.0 | 1,096.0 |
Net margin | -76.4% | 1.0% | 0.5% | -2.9% | 1.9% | -3.6% | 7.0% | 4.9% |
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Diluted EPS | | | | | $0.59 | ($1.38) | $3.92 | $2.47 |
Shares outstanding (diluted) | | | | | 434.0 | 438.0 | 439.0 | 444.0 |
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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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