BANK OF AMERICA CORP (BAC) [Rocket]

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	92,407.0	93,707.0	74,208.0	87,654.0	87,738.0	83,730.0	80,104.0	79,804.0
Revenue growth	-1.4%	26.3%	-15.3%	-0.1%	4.8%	4.5%	0.4%	-38.0%
Cost of goods sold	0.0	43,278.0	39,866.0	38,565.0	38,260.0	38,195.0	36,056.0	36,844.0
Gross profit	92,407.0	50,429.0	34,342.0	49,089.0	49,478.0	45,535.0	44,048.0	42,960.0
Gross margin	100.0%	53.8%	46.3%	56.0%	56.4%	54.4%	55.0%	53.8%
Selling, general and administrative	47,485.0
Sales and marketing	1,825.0	1,939.0	1,701.0	1,934.0	1,674.0	1,746.0	1,703.0	1,811.0
Research and development		5,769.0	5,222.0	4,646.0	4,555.0	4,530.0
General and administrative		1,775.0	1,694.0	1,597.0	1,699.0	1,888.0	5,724.0	6,202.0
EBITA	40,901.0	40,946.0	25,725.0	40,912.0	41,550.0	37,371.0	35,547.0	33,742.0
EBITA margin	44.3%	43.7%	34.7%	46.7%	47.4%	44.6%	44.4%	42.3%
Amortization of intangibles							730.0	834.0
EBIT	40,901.0	40,946.0	25,725.0	40,912.0	41,550.0	37,371.0	34,817.0	32,908.0
EBIT margin	44.3%	43.7%	34.7%	46.7%	47.4%	44.6%	43.5%	41.2%
Pre-tax income	30,969.0	33,976.0	18,995.0	32,754.0	34,584.0	29,213.0	25,021.0	22,187.0
Income taxes	3,441.0	1,998.0	1,101.0	5,324.0	6,437.0	10,981.0	7,199.0	6,277.0
Tax rate	11.1%	5.9%	5.8%	16.3%	18.6%	37.6%	28.8%	28.3%
Net income	26,015.0	30,557.0	16,473.0	25,998.0	26,696.0	16,618.0	16,140.0	14,427.0
Net margin	28.2%	32.6%	22.2%	29.7%	30.4%	19.8%	20.1%	18.1%

Diluted EPS	$3.19	$3.57	$1.87	$2.75	$2.61	$1.54	$1.46	$1.28
Shares outstanding (diluted)	8,167.5	8,558.4	8,796.9	9,442.9	10,236.9	10,778.4	11,046.8	11,236.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.