Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 23,102.1 | 16,207.1 | 15,309.5 | 16,631.2 | 16,631.2 | 14,869.4 | 13,144.4 | 13,476.1 |
Revenue growth | 42.5% | 5.9% | -7.9% | 11.8% | | 13.1% | -2.5% | 0.0% |
Cost of goods sold | 1,543.6 | 1,242.9 | 1,298.5 | 1,343.5 | 15,719.1 | 1,179.5 | 1,064.9 | 2,416.7 |
Gross profit | 21,558.5 | 14,964.2 | 14,011.0 | 15,287.6 | 912.1 | 13,689.9 | 12,079.5 | 11,059.3 |
Gross margin | 93.3% | 92.3% | 91.5% | 91.9% | 5.5% | 92.1% | 91.9% | 82.1% |
Selling, general and administrative | 526.4 | 496.1 | 497.8 | 449.6 | 0.0 | 413.4 | 375.1 | 358.8 |
EBITA | 1,107.6 | 709.5 | 828.4 | 949.0 | 912.1 | 775.1 | 837.5 | 858.3 |
EBITA margin | 4.8% | 4.4% | 5.4% | 5.7% | 5.5% | 5.2% | 6.4% | 6.4% |
Amortization of intangibles | 25.5 | 36.2 | 38.4 | 36.9 | | | | |
EBIT | 1,082.1 | 673.3 | 790.0 | 912.1 | 912.1 | 775.1 | 837.5 | 858.3 |
EBIT margin | 4.7% | 4.2% | 5.2% | 5.5% | 5.5% | 5.2% | 6.4% | 6.4% |
Pre-tax income | 1,022.3 | 628.3 | 742.3 | 880.3 | 880.3 | 728.5 | 812.0 | 822.8 |
Income taxes | 178.0 | 121.9 | 165.3 | 215.8 | 215.8 | 223.6 | 298.6 | 313.1 |
Tax rate | 17.4% | 19.4% | 22.3% | 24.5% | 24.5% | 30.7% | 36.8% | 38.1% |
Net income | 844.2 | 506.4 | 577.0 | 664.5 | 664.5 | 504.9 | 513.4 | 509.7 |
Net margin | 3.7% | 3.1% | 3.8% | 4.0% | 4.0% | 3.4% | 3.9% | 3.8% |
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Diluted EPS | $6.31 | $3.72 | $4.19 | $4.73 | $4.73 | $3.57 | $3.59 | $3.51 |
Shares outstanding (diluted) | 133.8 | 136.2 | 137.7 | 140.4 | 140.4 | 141.4 | 143.0 | 145.3 |
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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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