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 | -107.0 | 94.0 | -223.0 | 0.0 | 7,764.0 | 5,887.0 | 5,367.0 | 6,987.0 |
Revenue growth | -213.8% | -142.2% | | -100.0% | 31.9% | 9.7% | -23.2% | -40.6% |
Cost of goods sold | -256.0 | 204.0 | -123.0 | 207.0 | 215.0 | 346.0 | 326.0 | 2,452.0 |
Gross profit | 149.0 | -110.0 | -100.0 | -207.0 | 7,549.0 | 5,541.0 | 5,041.0 | 4,535.0 |
Gross margin | -139.3% | -117.0% | 44.8% | | 97.2% | 94.1% | 93.9% | 64.9% |
General and administrative | 462.0 | 357.0 | 290.0 | 406.0 | 431.0 | 395.0 | 410.0 | 380.0 |
EBIT | 7,163.0 | -5,557.0 | 13,512.0 | -141.0 | 1,520.0 | 1,033.0 | -506.0 | -1,773.0 |
EBIT margin | -6694.4% | -5911.7% | -6059.2% | | 19.6% | 17.5% | -9.4% | -25.4% |
Pre-tax income | 5,874.0 | 1,980.0 | -4,840.0 | -3,008.0 | 958.0 | 918.0 | -1,682.0 | -12,169.0 |
Income taxes | 1,652.0 | 578.0 | 64.0 | 674.0 | 672.0 | -585.0 | -442.0 | -1,010.0 |
Tax rate | 28.1% | 29.2% | | | 70.1% | | 26.3% | 8.3% |
Earnings from continuing ops | 4,222.0 | 1,402.0 | -4,904.0 | -3,682.0 | 40.0 | 1,304.0 | -1,372.0 | -10,844.0 |
Earnings from discontinued ops | | | | | | | -33.0 | 492.0 |
Net income | 4,222.0 | 1,402.0 | -4,904.0 | -3,682.0 | 40.0 | 1,304.0 | -1,405.0 | -10,352.0 |
Net margin | -3945.8% | 1491.5% | 2199.1% | | 0.5% | 22.2% | -26.2% | -148.2% |
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Diluted EPS | | | ($12.97) | ($9.77) | $0.10 | $3.40 | ($3.62) | ($28.69) |
Shares outstanding (diluted) | | | 378.0 | 377.0 | 384.0 | 383.0 | 379.0 | 378.0 |
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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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