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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Americas | | | | | | 11,070.0 | 6,201.7 | 5,203.8 |
EMEA | | | | | | 4,128.9 | 2,984.3 | 2,344.3 |
Asia Pacific | | | | | | 1,729.5 | 1,143.5 | 967.8 |
Global Investment Management | | | | | | 369.8 | 460.7 | 468.9 |
Other | | | | | | 70.9 | 65.6 | 65.2 |
Total revenues | 26,950.4 | 23,170.1 | 23,274.1 | 20,778.1 | 18,152.5 | 17,369.1 | 10,855.8 | 9,049.9 |
Revenue growth [+] | 16.3% | -0.4% | 12.0% | 14.5% | 4.5% | 60.0% | 20.0% | 26.0% |
Americas | | | | | | 78.5% | 19.2% | 15.5% |
EMEA | | | | | | 38.4% | 27.3% | 92.6% |
Asia Pacific | | | | | | 51.3% | 18.2% | 10.9% |
Global Investment Management | | | | | | -19.7% | -1.8% | -12.7% |
Development Services | | | | | | 8.0% | 0.7% | 22.4% |
Cost of goods sold | 21,579.5 | 19,047.6 | 18,689.0 | 16,449.2 | 14,305.1 | 13,420.9 | 7,082.9 | 5,611.3 |
Gross profit | 5,370.9 | 4,122.5 | 4,585.1 | 4,328.9 | 3,847.4 | 3,948.2 | 3,772.9 | 3,438.7 |
Gross margin | 19.9% | 17.8% | 19.7% | 20.8% | 21.2% | 22.7% | 34.8% | 38.0% |
Selling, general and administrative | 4,074.2 | 3,306.2 | 3,436.0 | 3,365.8 | 2,858.7 | 2,780.3 | 2,633.6 | 265.1 |
Equity in earnings | 618.7 | 126.2 | 160.9 | 324.7 | 210.2 | 197.4 | 162.8 | 101.7 |
Other operating expenses | -856.0 | -743.9 | -639.8 | -576.9 | -496.1 | -15.9 | -10.8 | 2,116.2 |
EBITDA [+] | 2,771.3 | 1,686.3 | 1,949.8 | 1,864.6 | 1,695.0 | 1,381.1 | 1,312.9 | 1,159.1 |
EBITDA growth | 64.3% | -13.5% | 4.6% | 10.0% | 22.7% | 5.2% | 13.3% | 19.6% |
EBITDA margin | 10.3% | 7.3% | 8.4% | 9.0% | 9.3% | 8.0% | 12.1% | 12.8% |
Depreciation | 249.4 | 274.6 | 213.5 | 193.3 | 167.4 | 155.2 | 138.8 | 127.0 |
EBITA | 2,522.0 | 1,411.7 | 1,736.3 | 1,671.4 | 1,527.6 | 1,225.9 | 1,174.1 | 1,032.1 |
EBITA margin | 9.4% | 6.1% | 7.5% | 8.0% | 8.4% | 7.1% | 10.8% | 11.4% |
Amortization of intangibles | 276.5 | 227.1 | 225.7 | 258.7 | 238.7 | 211.7 | 175.3 | 138.1 |
EBIT [+] | 2,245.5 | 1,184.6 | 1,510.6 | 1,412.7 | 1,288.9 | 1,014.2 | 998.8 | 894.0 |
EBIT growth | 89.6% | -21.6% | 6.9% | 9.6% | 27.1% | 1.5% | 11.7% | 14.8% |
EBIT margin | 8.3% | 5.1% | 6.5% | 6.8% | 7.1% | 5.8% | 9.2% | 9.9% |
Non-recurring items [+] | -10.7 | 88.7 | 89.8 | | | | | |
Asset impairment | | 88.7 | 89.8 | | | | | |
Interest expense, net [+] | 50.4 | 67.8 | 85.8 | 98.7 | 127.0 | 136.8 | 112.6 | 105.8 |
Interest expense | 50.4 | 67.8 | 85.8 | 98.7 | 127.0 | 144.9 | 118.9 | 112.0 |
Interest income | | | | | | 8.1 | 6.3 | 6.2 |
Other income (expense), net [+] | 203.6 | -58.2 | 26.3 | 65.0 | 9.4 | 4.7 | -6.5 | -10.9 |
Gain (loss) on debt retirement | | 75.6 | 2.6 | 28.0 | | | 2.7 | 23.1 |
Write-off of deferred debt issuance costs | | 75.6 | 2.6 | 28.0 | | | 2.7 | |
Other | 203.6 | 17.4 | 28.9 | 93.0 | 9.4 | 4.7 | -3.8 | 12.2 |
Pre-tax income | 2,409.4 | 970.0 | 1,361.3 | 1,379.0 | 1,171.3 | 882.1 | 879.7 | 777.3 |
Income taxes | 567.5 | 214.1 | 69.9 | 313.1 | 467.8 | 296.9 | 320.9 | 263.8 |
Tax rate | 23.6% | 22.1% | 5.1% | 22.7% | 39.9% | 33.7% | 36.5% | 33.9% |
Minority interest | 5.3 | 3.9 | 9.1 | 2.7 | 6.5 | 12.1 | 11.7 | 29.0 |
Net income | 1,836.6 | 752.0 | 1,282.4 | 1,063.2 | 697.1 | 573.1 | 547.1 | 484.5 |
Net margin | 6.8% | 3.2% | 5.5% | 5.1% | 3.8% | 3.3% | 5.0% | 5.4% |
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Basic EPS [+] | $5.48 | $2.24 | $3.82 | $3.13 | $2.06 | $1.71 | $1.64 | $1.47 |
Growth | 144.2% | -41.3% | 21.9% | 51.8% | 20.8% | 3.9% | 12.2% | 66.1% |
Diluted EPS [+] | $5.41 | $2.22 | $3.77 | $3.10 | $2.05 | $1.69 | $1.63 | $1.45 |
Growth | 143.3% | -41.0% | 21.5% | 51.5% | 20.8% | 4.1% | 12.2% | 66.1% |
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Shares outstanding (basic) [+] | 335.2 | 335.2 | 335.8 | 339.3 | 337.7 | 335.4 | 332.6 | 330.6 |
Growth | 0.0% | -0.2% | -1.0% | 0.5% | 0.7% | 0.8% | 0.6% | 0.8% |
Shares outstanding (diluted) [+] | 339.7 | 338.4 | 340.5 | 343.1 | 340.8 | 338.4 | 336.4 | 334.2 |
Growth | 0.4% | -0.6% | -0.8% | 0.7% | 0.7% | 0.6% | 0.7% | 0.7% |
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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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