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 | 8,930.7 | 7,574.4 | 6,205.7 | 4,162.8 | 3,047.6 | 2,488.7 | 1,702.2 | 1,032.3 |
Revenue growth | 17.9% | 22.1% | 49.1% | 36.6% | 22.5% | 46.2% | 64.9% | 77.9% |
Cost of goods sold | 1,080.3 | 904.2 | 736.3 | 547.8 | 409.5 | 275.1 | 210.5 | 117.2 |
Gross profit | 7,850.4 | 6,670.2 | 5,469.4 | 3,615.0 | 2,638.1 | 2,213.5 | 1,491.7 | 915.2 |
Gross margin | 87.9% | 88.1% | 88.1% | 86.8% | 86.6% | 88.9% | 87.6% | 88.7% |
Selling, general and administrative | 944.7 | 840.1 | 770.5 | 658.5 | 557.6 | 496.1 | 432.8 | 376.6 |
Research and development | 2,540.3 | 3,051.1 | 1,829.5 | 1,754.5 | 1,416.5 | 1,324.6 | 1,047.7 | 995.9 |
EBIT | 4,365.4 | 2,779.0 | 2,869.4 | 1,202.0 | 664.0 | 392.8 | 11.2 | -464.7 |
EBIT margin | 48.9% | 36.7% | 46.2% | 28.9% | 21.8% | 15.8% | 0.7% | -45.0% |
Pre-tax income | 4,232.4 | 2,730.4 | 3,116.9 | 1,394.9 | 600.2 | -15.7 | -67.4 | -557.8 |
Income taxes | 910.4 | 388.3 | 405.2 | 218.1 | -1,486.9 | -107.3 | 16.7 | 30.4 |
Tax rate | 21.5% | 14.2% | 13.0% | 15.6% | | 684.1% | | |
Net income | 3,322.0 | 2,342.1 | 2,711.7 | 1,176.8 | 2,096.9 | 263.5 | -112.1 | -556.3 |
Net margin | 37.2% | 30.9% | 43.7% | 28.3% | 68.8% | 10.6% | -6.6% | -53.9% |
|
Diluted EPS | $12.82 | $9.01 | $10.29 | $4.51 | $8.09 | $1.04 | ($0.46) | ($2.31) |
Shares outstanding (diluted) | 259.1 | 259.9 | 263.4 | 260.7 | 259.2 | 253.2 | 244.7 | 241.3 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|