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 | 15,433.8 | 9,837.7 | 7,131.8 | 7,210.3 | 6,874.4 | 786.1 | 6,527.8 | 6,588.3 |
Revenue growth | 56.9% | 37.9% | -1.1% | 4.9% | 774.5% | -88.0% | -0.9% | 12.3% |
Cost of goods sold | 12,333.3 | 7,935.5 | 5,908.4 | 6,041.4 | 5,771.4 | 5,400.6 | 5,469.1 | 5,527.5 |
Gross profit | 3,100.5 | 1,902.2 | 1,223.4 | 1,168.9 | 1,103.0 | -4,614.5 | 1,058.7 | 1,060.8 |
Gross margin | 20.1% | 19.3% | 17.2% | 16.2% | 16.0% | -587.0% | 16.2% | 16.1% |
Selling, general and administrative | 1,763.4 | 1,073.9 | 781.9 | 799.8 | 755.8 | 729.7 | 732.5 | 729.9 |
EBIT | 1,272.6 | 791.8 | 393.8 | 332.1 | 314.6 | 292.8 | 297.8 | 301.6 |
EBIT margin | 8.2% | 8.0% | 5.5% | 4.6% | 4.6% | 37.2% | 4.6% | 4.6% |
Pre-tax income | 1,319.1 | 697.7 | 338.1 | 243.9 | 224.8 | 209.1 | 267.8 | 273.4 |
Income taxes | 321.8 | 165.3 | 83.8 | 59.5 | 56.8 | 70.0 | 100.6 | 104.0 |
Tax rate | 24.4% | 23.7% | 24.8% | 24.4% | 25.3% | 33.5% | 37.6% | 38.0% |
Net income | 997.3 | 532.4 | 254.4 | 184.4 | 168.0 | 139.1 | 167.2 | 169.2 |
Net margin | 6.5% | 5.4% | 3.6% | 2.6% | 2.4% | 17.7% | 2.6% | 2.6% |
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Diluted EPS | $44.52 | $26.49 | $13.18 | $9.55 | $8.28 | $6.62 | $7.40 | $6.42 |
Shares outstanding (diluted) | 22.4 | 20.1 | 19.3 | 19.3 | 20.3 | 21.0 | 22.6 | 26.4 |
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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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