Financial Summary (All financials)
In millions, except per share items | Aug-31-17 | Aug-31-16 | Aug-31-15 | Aug-31-14 | Aug-31-13 | Aug-31-12 | Aug-31-11 | Aug-31-10 |
Revenues | 14,640.0 | 13,502.0 | 15,001.0 | 15,855.0 | 14,861.0 | 13,504.0 | 11,822.0 | 10,483.0 |
Revenue growth | 8.4% | -10.0% | -5.4% | 6.7% | 10.0% | 14.2% | 12.8% | -10.3% |
Cost of goods sold | 6,703.0 | 6,485.0 | 6,819.0 | 7,281.0 | 7,208.0 | 6,459.0 | 5,743.0 | 5,416.0 |
Gross profit | 7,937.0 | 7,017.0 | 8,182.0 | 8,574.0 | 7,653.0 | 7,045.0 | 6,079.0 | 5,067.0 |
Gross margin | 54.2% | 52.0% | 54.5% | 54.1% | 51.5% | 52.2% | 51.4% | 48.3% |
Selling, general and administrative | 2,969.0 | 2,833.0 | 2,686.0 | 2,774.0 | 2,550.0 | 2,380.0 | 2,190.0 | 2,049.0 |
Research and development | 1,607.0 | 1,512.0 | 1,580.0 | 1,725.0 | 1,533.0 | 1,517.0 | 1,386.0 | 1,205.0 |
EBITA | 3,505.0 | 2,788.0 | 4,059.0 | 4,211.0 | 3,681.0 | 3,272.0 | 2,653.0 | 1,971.0 |
EBITA margin | 23.9% | 20.6% | 27.1% | 26.6% | 24.8% | 24.2% | 22.4% | 18.8% |
Amortization of intangibles | 144.0 | 116.0 | 143.0 | 136.0 | 111.0 | 124.0 | 150.0 | 158.0 |
EBIT | 3,361.0 | 2,672.0 | 3,916.0 | 4,075.0 | 3,570.0 | 3,148.0 | 2,503.0 | 1,813.0 |
EBIT margin | 23.0% | 19.8% | 26.1% | 25.7% | 24.0% | 23.3% | 21.2% | 17.3% |
Pre-tax income | 2,886.0 | 1,991.0 | 3,161.0 | 3,827.0 | 3,429.0 | 2,988.0 | 2,374.0 | 1,490.0 |
Income taxes | 626.0 | 695.0 | 864.0 | 1,078.0 | 915.0 | 901.0 | 717.0 | 379.0 |
Tax rate | 21.7% | 34.9% | 27.3% | 28.2% | 26.7% | 30.2% | 30.2% | 25.4% |
Earnings from continuing ops | 2,247.0 | 1,319.0 | 2,286.0 | 2,727.0 | 2,471.0 | 2,039.0 | 1,605.0 | 1,092.0 |
Earnings from discontinued ops | 13.0 | 17.0 | 28.0 | 13.0 | 11.0 | 6.0 | 2.0 | 4.0 |
Net income | 2,260.0 | 1,336.0 | 2,314.0 | 2,740.0 | 2,482.0 | 2,045.0 | 1,607.0 | 1,096.0 |
Net margin | 15.4% | 9.9% | 15.4% | 17.3% | 16.7% | 15.1% | 13.6% | 10.5% |
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Diluted EPS | $5.06 | $2.95 | $4.75 | $5.20 | $4.58 | $3.77 | $2.96 | $1.98 |
Shares outstanding (diluted) | 443.8 | 447.1 | 481.4 | 524.9 | 539.7 | 540.2 | 542.4 | 550.8 |
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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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