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-31-10 | Dec-31-09 |
Revenues | 0 | 0 | 0 | 0 | 0 | 0 | 7,179 | 6,499 |
Revenue growth | | | | | | | 10.5% | 3.3% |
Cost of goods sold | 0 | 0 | 0 | 0 | 0 | 0 | 1,675 | 1,614 |
Gross profit | 0 | 0 | 0 | 0 | 0 | 0 | 5,504 | 4,885 |
Gross margin | | | | | | | 76.7% | 75.2% |
Selling, general and administrative | 0 | 0 | 0 | 0 | 0 | 0 | 2,070 | 1,935 |
Research and development | | | | | | | 747 | 665 |
EBITA | 0 | 0 | 0 | 0 | 0 | 0 | 2,535 | 2,285 |
EBITA margin | | | | | | | 35.3% | 35.2% |
Amortization of intangibles | | | | | | | 60 | 24 |
EBIT | 0 | 0 | 0 | 0 | 0 | 0 | 2,475 | 2,261 |
EBIT margin | | | | | | | 34.5% | 34.8% |
Pre-tax income | 0 | 0 | 0 | 0 | 0 | 0 | 2,527 | 2,313 |
Income taxes | 0 | 0 | 0 | 0 | 0 | 0 | 317 | 306 |
Tax rate | | | | | | | 12.5% | 13.2% |
Net income | 0 | 0 | 0 | 0 | 0 | 0 | 2,210 | 2,007 |
Net margin | | | | | | | 30.8% | 30.9% |
|
Diluted EPS | | | | | | | $7.27 | $6.66 |
Shares outstanding (diluted) | | | | | | | 304 | 301 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|