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 | 52,057.0 | 43,736.0 | 49,746.0 | 47,389.0 | 49,520.0 | 52,367.0 | 58,327.0 | 64,406.0 |
Revenue growth | 19.0% | -12.1% | 5.0% | -4.3% | -5.4% | -10.2% | -9.4% | -6.5% |
Cost of goods sold | 31,168.0 | 42,633.0 | 35,922.0 | 37,830.0 | 38,947.0 | 41,452.0 | 42,360.0 | 1,585.0 |
Gross profit | 20,889.0 | 1,103.0 | 13,824.0 | 9,559.0 | 10,573.0 | 10,915.0 | 15,967.0 | 62,821.0 |
Gross margin | 40.1% | 2.5% | 27.8% | 20.2% | 21.4% | 20.8% | 27.4% | 97.5% |
Selling, general and administrative | 8,790.0 | 8,396.0 | 8,537.0 | 9,302.0 | 9,107.0 | 10,989.0 | 12,686.0 | 13,138.0 |
EBIT | 13,015.0 | -5,848.0 | 6,672.0 | 1,559.0 | 5,051.0 | 4,233.0 | 6,700.0 | 14,501.0 |
EBIT margin | 25.0% | -13.4% | 13.4% | 3.3% | 10.2% | 8.1% | 11.5% | 22.5% |
Pre-tax income | 12,099.0 | -7,293.0 | 5,287.0 | 257.0 | 1,466.0 | -74.0 | 3,281.0 | 10,501.0 |
Income taxes | 2,176.0 | -1,460.0 | 1,166.0 | 154.0 | 7,526.0 | 185.0 | 1,059.0 | 2,927.0 |
Tax rate | 18.0% | 20.0% | 22.1% | 59.9% | 513.4% | | 32.3% | 27.9% |
Earnings from continuing ops | 9,359.0 | -5,977.0 | 3,278.0 | 36.0 | -6,088.0 | -259.0 | 2,222.0 | 7,579.0 |
Earnings from discontinued ops | | 4.0 | 48.0 | -42.0 | 4.0 | -90.0 | | -50.0 |
Net income | 9,359.0 | -5,973.0 | 3,326.0 | -6.0 | -6,084.0 | -349.0 | 2,222.0 | 7,529.0 |
Net margin | 18.0% | -13.7% | 6.7% | 0.0% | -12.3% | -0.7% | 3.8% | 11.7% |
|
Diluted EPS | $10.82 | ($6.88) | $3.69 | $0.04 | ($6.54) | ($0.24) | $1.67 | $5.24 |
Shares outstanding (diluted) | 864.9 | 869.3 | 889.5 | 910.1 | 930.6 | 1,091.1 | 1,334.5 | 1,447.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|