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 | 6,557.0 | 9,630.0 | 7,536.0 | 7,924.0 | 5,407.0 | 5,732.0 | 5,449.0 | 5,142.0 |
Revenue growth | -31.9% | 27.8% | -4.9% | 46.6% | -5.7% | 5.2% | 6.0% | 4.0% |
Cost of goods sold | 23.0 | 20.0 | 20.0 | 23.0 | 16.0 | 13.0 | 12.0 | 13.0 |
Gross profit | 6,534.0 | 9,610.0 | 7,516.0 | 7,901.0 | 5,391.0 | 5,719.0 | 5,437.0 | 5,129.0 |
Gross margin | 99.6% | 99.8% | 99.7% | 99.7% | 99.7% | 99.8% | 99.8% | 99.7% |
Selling, general and administrative | 7,227.0 | 5,940.0 | 6,017.0 | 5,429.0 | 5,140.0 | 4,989.0 | 4,625.0 | 4,248.0 |
EBIT | -862.0 | 3,530.0 | 1,387.0 | 2,377.0 | 176.0 | 666.0 | 757.0 | 934.0 |
EBIT margin | -13.1% | 36.7% | 18.4% | 30.0% | 3.3% | 11.6% | 13.9% | 18.2% |
Pre-tax income | -693.0 | 3,670.0 | 1,499.0 | 2,472.0 | 251.0 | 730.0 | 812.0 | 881.0 |
Income taxes | -207.0 | 724.0 | 283.0 | 475.0 | -36.0 | -315.0 | 221.0 | 247.0 |
Tax rate | 29.9% | 19.7% | 18.9% | 19.2% | | | 27.2% | 28.0% |
Net income | -486.0 | 2,946.0 | 1,216.0 | 1,997.0 | 287.0 | 1,045.0 | 591.0 | 634.0 |
Net margin | -7.4% | 30.6% | 16.1% | 25.2% | 5.3% | 18.2% | 10.8% | 12.3% |
|
Diluted EPS | ($3.06) | $18.11 | $7.49 | $12.10 | $1.74 | $6.30 | $3.55 | $3.83 |
Shares outstanding (diluted) | 158.8 | 162.7 | 162.4 | 165.1 | 164.5 | 166.0 | 166.5 | 165.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|