Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-05-18 | Dec-31-17 | Dec-05-17 | Dec-31-16 |
Revenues | 10,486.0 | 8,879.9 | 7,306.4 | 7,245.6 | 7,016.1 | 6,182.1 | 6,152.5 | 5,822.5 |
Revenue growth | 18.1% | 21.5% | 0.8% | | 14.0% | 6.2% | | 12.9% |
Cost of goods sold | 7,662.3 | 6,763.1 | 5,937.4 | 5,770.0 | 5,692.1 | 4,990.4 | 4,990.4 | 4,707.9 |
Gross profit | 2,823.7 | 2,116.7 | 1,369.0 | 1,475.6 | 1,324.0 | 1,191.7 | 1,162.1 | 1,114.7 |
Gross margin | 26.9% | 23.8% | 18.7% | 20.4% | 18.9% | 19.3% | 18.9% | 19.1% |
Selling, general and administrative | 625.3 | 563.4 | 509.7 | 527.4 | 512.7 | 460.8 | 460.8 | 443.3 |
General and administrative | 92.9 | 88.6 | 78.7 | 79.9 | 83.8 | 68.5 | 68.5 | 60.9 |
EBIT | 2,169.2 | 1,470.3 | 977.4 | 948.2 | 895.1 | 837.0 | 799.4 | 686.8 |
EBIT margin | 20.7% | 16.6% | 13.4% | 13.1% | 12.8% | 13.5% | 13.0% | 11.8% |
Pre-tax income | 2,253.2 | 1,590.4 | 1,078.0 | 1,025.8 | 959.7 | 846.9 | 846.9 | 661.7 |
Income taxes | 527.6 | 353.7 | -176.8 | 147.3 | 162.5 | 309.4 | 309.4 | 236.4 |
Tax rate | 23.4% | 22.2% | | 14.4% | 16.9% | 36.5% | 36.5% | 35.7% |
Net income | 1,725.6 | 1,236.7 | 0.0 | 878.5 | 797.2 | 537.5 | 537.5 | 425.3 |
Net margin | 16.5% | 13.9% | 0.0% | 12.1% | 11.4% | 8.7% | 8.7% | 7.3% |
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Diluted EPS | $491.76 | $320.48 | $0.00 | $221.13 | $194.82 | $126.77 | $126.77 | $103.62 |
Shares outstanding (diluted) | 3.5 | 3.9 | 3.9 | 4.0 | 4.1 | 4.2 | 4.2 | 4.1 |
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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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