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 | 19,820.7 | 16,093.1 | 6,874.1 | 7,397.9 | 9,350.9 | 7,800.8 | 6,690.9 | 6,658.6 |
Revenue growth | 23.2% | 134.1% | -7.1% | -20.9% | 19.9% | 16.6% | 0.5% | -22.7% |
Cost of goods sold | 17,794.9 | 14,476.5 | 5,884.9 | 6,911.4 | 8,960.2 | 7,529.0 | 5,476.6 | 5,377.6 |
Gross profit | 2,025.8 | 1,616.6 | 989.2 | 486.5 | 390.7 | 271.8 | 1,214.3 | 1,281.0 |
Gross margin | 10.2% | 10.0% | 14.4% | 6.6% | 4.2% | 3.5% | 18.1% | 19.2% |
General and administrative | 309.7 | 273.2 | 254.6 | 280.7 | 256.9 | 203.4 | 187.2 | 161.7 |
EBIT | 1,719.9 | 1,341.0 | 1,066.5 | 379.2 | 440.2 | 272.6 | 248.5 | 517.0 |
EBIT margin | 8.7% | 8.3% | 15.5% | 5.1% | 4.7% | 3.5% | 3.7% | 7.8% |
Pre-tax income | 1,663.2 | 436.9 | -1,573.1 | -46.7 | 65.9 | -292.9 | -259.7 | -111.8 |
Income taxes | 131.8 | 14.8 | -248.1 | -87.9 | 5.5 | -397.1 | -100.6 | 39.6 |
Tax rate | 7.9% | 3.4% | 15.8% | 188.2% | 8.3% | 135.6% | 38.7% | |
Net income | 896.8 | -16.1 | -1,684.8 | -334.0 | -119.3 | -63.4 | -278.1 | 58.3 |
Net margin | 4.5% | -0.1% | -24.5% | -4.5% | -1.3% | -0.8% | -4.2% | 0.9% |
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Diluted EPS | $3.88 | ($0.07) | ($7.26) | ($1.44) | ($0.53) | ($0.31) | ($1.80) | $1.09 |
Shares outstanding (diluted) | 231.1 | 228.6 | 232.2 | 232.5 | 224.2 | 206.9 | 154.4 | 53.6 |
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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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