Financial Summary (All financials)
In millions of CAD, 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 | 7,916 | 7,648 | 7,729 | 7,254 | 6,492 | 6,232 | 6,712 | 6,620 |
Revenue growth | 3.5% | -1.0% | 6.5% | 11.7% | 4.2% | -7.2% | 1.4% | 7.9% |
Cost of goods sold | 2,424 | 2,212 | 2,422 | 2,386 | 3,295 | 3,919 | 3,450 | 3,381 |
Gross profit | 5,492 | 5,436 | 5,307 | 4,868 | 3,197 | 2,313 | 3,262 | 3,239 |
Gross margin | 69.4% | 71.1% | 68.7% | 67.1% | 49.2% | 37.1% | 48.6% | 48.9% |
Selling, general and administrative | 811 | 779 | 706 | 696 | 4,035 | 3,821 | 4,024 | 4,281 |
EBITA | 3,350 | 3,314 | 3,124 | 2,831 | 2,519 | 2,436 | 2,620 | 2,339 |
EBITA margin | 42.3% | 43.3% | 40.4% | 39.0% | 38.8% | 39.1% | 39.0% | 35.3% |
Amortization of intangibles | 3 | 3 | | | | | | |
EBIT | 3,347 | 3,311 | 3,124 | 2,831 | 2,519 | 2,436 | 2,620 | 2,339 |
EBIT margin | 42.3% | 43.3% | 40.4% | 39.0% | 38.8% | 39.1% | 39.0% | 35.3% |
Pre-tax income | 3,620 | 3,202 | 3,146 | 2,588 | 2,498 | 2,152 | 1,959 | 2,038 |
Income taxes | 768 | 758 | 706 | 637 | 93 | 553 | 607 | 562 |
Tax rate | 21.2% | 23.7% | 22.4% | 24.6% | 3.7% | 25.7% | 31.0% | 27.6% |
Net income | 2,852 | 2,444 | 2,440 | 1,951 | 2,405 | 1,599 | 1,352 | 1,476 |
Net margin | 36.0% | 32.0% | 31.6% | 26.9% | 37.0% | 25.7% | 20.1% | 22.3% |
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Diluted EPS | $4.18 | $3.59 | $3.50 | $13.61 | $16.44 | $10.62 | $8.40 | $8.46 |
Shares outstanding (diluted) | 683 | 680 | 696 | 143 | 146 | 151 | 161 | 174 |
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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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