Financial Summary (All financials)
In millions, except per share items | Oct-31-22 | Oct-31-21 | Oct-31-20 | Oct-31-19 | Oct-31-18 | Oct-31-17 | Oct-31-16 | Oct-31-15 |
Revenues | 6,848 | 6,319 | 5,339 | 5,163 | 4,914 | 4,472 | 4,202 | 4,038 |
Revenue growth | 8.4% | 18.4% | 3.4% | 5.1% | 9.9% | 6.4% | 4.1% | -0.2% |
Cost of goods sold | 3,126 | 2,912 | 2,502 | 2,358 | 2,234 | 2,073 | 2,005 | 1,997 |
Gross profit | 3,722 | 3,407 | 2,837 | 2,805 | 2,680 | 2,399 | 2,197 | 2,041 |
Gross margin | 54.4% | 53.9% | 53.1% | 54.3% | 54.5% | 53.6% | 52.3% | 50.5% |
Selling, general and administrative | 1,637 | 1,619 | 1,496 | 1,460 | 1,389 | 1,251 | 1,253 | 1,189 |
Research and development | 467 | 441 | 495 | 404 | 387 | 341 | 329 | 330 |
EBITA | 1,810 | 1,542 | 1,032 | 1,069 | 1,014 | 927 | 769 | 680 |
EBITA margin | 26.4% | 24.4% | 19.3% | 20.7% | 20.6% | 20.7% | 18.3% | 16.8% |
Amortization of intangibles | 192 | 195 | 186 | 128 | 110 | 120 | 154 | 158 |
EBIT | 1,618 | 1,347 | 846 | 941 | 904 | 807 | 615 | 522 |
EBIT margin | 23.6% | 21.3% | 15.8% | 18.2% | 18.4% | 18.0% | 14.6% | 12.9% |
Pre-tax income | 1,504 | 1,360 | 842 | 919 | 946 | 803 | 544 | 767 |
Income taxes | 250 | 150 | 123 | -152 | 630 | 119 | 82 | 42 |
Tax rate | 16.6% | 11.0% | 14.6% | | 66.6% | 14.8% | 15.1% | 5.5% |
Earnings from continuing ops | 1,254 | 1,210 | 719 | 1,071 | 316 | 684 | 462 | 438 |
Earnings from discontinued ops | | | | | | | | -37 |
Net income | 1,254 | 1,210 | 719 | 1,071 | 316 | 684 | 462 | 401 |
Net margin | 18.3% | 19.1% | 13.5% | 20.7% | 6.4% | 15.3% | 11.0% | 9.9% |
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Diluted EPS | $4.18 | $3.94 | $2.30 | $3.37 | $0.97 | $2.10 | $1.40 | $1.31 |
Shares outstanding (diluted) | 300 | 307 | 312 | 318 | 325 | 326 | 329 | 335 |
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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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