Financial Summary (All financials)
In millions, 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 | 10,589.0 | 9,385.0 | 9,715.0 | 10,154.0 | 11,170.4 | 9,181.1 | 5,915.7 | 5,727.0 |
Revenue growth | 12.8% | -3.4% | -4.3% | -9.1% | 21.7% | 55.2% | 3.3% | 2.1% |
Cost of goods sold | 7,293.0 | 6,306.0 | 6,496.0 | 6,636.0 | 7,359.9 | 6,210.2 | 3,611.1 | 3,523.6 |
Gross profit | 3,296.0 | 3,079.0 | 3,219.0 | 3,518.0 | 3,810.5 | 2,970.9 | 2,304.6 | 2,203.4 |
Gross margin | 31.1% | 32.8% | 33.1% | 34.6% | 34.1% | 32.4% | 39.0% | 38.5% |
Selling, general and administrative | 2,274.0 | 2,189.0 | 2,451.0 | 2,648.0 | 2,924.1 | 2,610.6 | 1,573.9 | 1,480.5 |
EBITA | 1,022.0 | 890.0 | 768.0 | 870.0 | 886.4 | 360.3 | 927.8 | 718.1 |
EBITA margin | 9.7% | 9.5% | 7.9% | 8.6% | 7.9% | 3.9% | 15.7% | 12.5% |
Amortization of intangibles | | | | | | | 76.5 | 60.6 |
EBIT | 1,022.0 | 890.0 | 768.0 | 870.0 | 886.4 | 360.3 | 851.3 | 657.5 |
EBIT margin | 9.7% | 9.5% | 7.9% | 8.6% | 7.9% | 3.9% | 14.4% | 11.5% |
Pre-tax income | 693.0 | -1,006.0 | -852.0 | -7,992.0 | 919.3 | 18.8 | 337.5 | 462.1 |
Income taxes | 121.0 | -236.0 | -1,038.0 | -1,359.0 | -1,515.0 | 57.1 | 78.2 | 89.1 |
Tax rate | 17.5% | 23.5% | 121.8% | 17.0% | | 303.7% | 23.2% | 19.3% |
Net income | 572.0 | -770.0 | 107.0 | -6,942.0 | 2,748.8 | 527.8 | 350.0 | 377.8 |
Net margin | 5.4% | -8.2% | 1.1% | -68.4% | 24.6% | 5.7% | 5.9% | 6.6% |
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Diluted EPS | $1.34 | ($1.82) | $0.44 | ($14.00) | $4.99 | ($0.09) | $0.96 | $1.34 |
Shares outstanding (diluted) | 428.0 | 424.1 | 423.9 | 473.7 | 488.0 | 421.3 | 271.5 | 278.9 |
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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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