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 | 17,478.0 | 12,321.0 | 14,745.0 | 15,475.0 | 0.0 | 0.0 | 16,443.0 | 18,138.0 |
Revenue growth | 41.9% | -16.4% | -4.7% | | | -100.0% | -9.3% | -7.2% |
Cost of goods sold | 13,692.0 | 10,337.0 | 11,602.0 | 11,961.0 | 11,680.0 | 10,935.0 | 12,164.0 | 13,906.0 |
Gross profit | 3,786.0 | 1,984.0 | 3,143.0 | 3,514.0 | -11,680.0 | -10,935.0 | 4,279.0 | 4,232.0 |
Gross margin | 21.7% | 16.1% | 21.3% | 22.7% | | | 26.0% | 23.3% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 2,312.0 | 2,279.0 | 2,409.0 | 2,614.0 | 2,720.0 |
EBITA | 520.0 | -1,157.0 | 185.0 | 1,216.0 | 1,956.0 | 2,544.0 | 1,474.0 | 1,512.0 |
EBITA margin | 3.0% | -9.4% | 1.3% | 7.9% | | | 9.0% | 8.3% |
Amortization of intangibles | 21.0 | 2.0 | 2.0 | 2.0 | 2.0 | 1.0 | 1.0 | |
EBIT | 499.0 | -1,159.0 | 183.0 | 1,214.0 | 1,954.0 | 2,543.0 | 1,473.0 | 1,512.0 |
EBIT margin | 2.9% | -9.4% | 1.2% | 7.8% | | | 9.0% | 8.3% |
Pre-tax income | 513.0 | -1,140.0 | 177.0 | 1,011.0 | 1,556.0 | 1,996.0 | 608.0 | 687.0 |
Income taxes | -267.0 | 110.0 | 474.0 | 303.0 | 513.0 | -77.0 | 232.0 | -1,834.0 |
Tax rate | | | 267.8% | 30.0% | 33.0% | | 38.2% | |
Net income | 764.0 | -1,254.0 | -311.0 | 693.0 | 346.0 | 1,264.0 | 307.0 | 2,445.0 |
Net margin | 4.4% | -10.2% | -2.1% | 4.5% | | | 1.9% | 13.5% |
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Diluted EPS | $2.89 | ($5.36) | ($1.33) | $0.97 | $1.37 | $4.75 | $1.12 | $8.76 |
Shares outstanding (diluted) | 264.0 | 234.0 | 233.0 | 715.0 | 253.0 | 266.0 | 273.0 | 279.0 |
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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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