Financial Summary (All financials)
In millions, except per share items | Dec-02-22 | Dec-03-21 | Nov-27-20 | Nov-29-19 | Nov-30-18 | Dec-01-17 | Dec-02-16 | Nov-27-15 |
Revenues | 17,606.0 | 15,785.0 | 12,868.0 | 11,171.0 | 9,030.0 | 7,301.5 | 5,854.4 | 4,795.5 |
Revenue growth | 11.5% | 22.7% | 15.2% | 23.7% | 23.7% | 24.7% | 22.1% | 15.6% |
Cost of goods sold | 2,165.0 | 3,911.0 | 3,649.0 | 3,573.0 | 2,481.0 | 2,097.1 | 1,718.4 | 1,557.3 |
Gross profit | 15,441.0 | 11,874.0 | 9,219.0 | 7,598.0 | 6,549.0 | 5,204.4 | 4,136.1 | 3,238.2 |
Gross margin | 87.7% | 75.2% | 71.6% | 68.0% | 72.5% | 71.3% | 70.6% | 67.5% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 4,968.0 | 4,321.0 | 3,591.0 | 3,244.0 | 2,621.0 | 2,197.6 | 1,910.2 | 1,683.2 |
Research and development | 2,987.0 | 2,540.0 | 2,188.0 | 1,930.0 | 1,538.0 | 1,224.1 | 976.0 | 862.7 |
General and administrative | 1,219.0 | 1,085.0 | 968.0 | 881.0 | 745.0 | 624.7 | 576.2 | 533.5 |
EBITA | 6,267.0 | 6,156.0 | 4,604.0 | 3,670.0 | 3,023.0 | 2,321.7 | 1,646.0 | 1,077.6 |
EBITA margin | 35.6% | 39.0% | 35.8% | 32.9% | 33.5% | 31.8% | 28.1% | 22.5% |
Amortization of intangibles | 169.0 | 354.0 | 367.0 | 402.0 | 183.0 | 153.6 | 152.4 | 174.5 |
EBIT | 6,098.0 | 5,802.0 | 4,237.0 | 3,268.0 | 2,840.0 | 2,168.1 | 1,493.6 | 903.1 |
EBIT margin | 34.6% | 36.8% | 32.9% | 29.3% | 31.5% | 29.7% | 25.5% | 18.8% |
Pre-tax income | 6,008.0 | 5,705.0 | 4,176.0 | 3,205.0 | 2,794.0 | 2,137.6 | 1,435.1 | 873.8 |
Income taxes | 1,252.0 | 883.0 | -1,084.0 | 254.0 | 203.0 | 443.7 | 266.4 | 244.2 |
Tax rate | 20.8% | 15.5% | | 7.9% | 7.3% | 20.8% | 18.6% | 28.0% |
Net income | 4,756.0 | 4,822.0 | 5,260.0 | 2,951.0 | 2,591.0 | 1,694.0 | 1,168.8 | 629.6 |
Net margin | 27.0% | 30.5% | 40.9% | 26.4% | 28.7% | 23.2% | 20.0% | 13.1% |
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Diluted EPS | $10.10 | $10.02 | $10.84 | $6.00 | $5.20 | $3.38 | $2.32 | $1.24 |
Shares outstanding (diluted) | 471.0 | 481.0 | 485.3 | 491.6 | 497.8 | 501.1 | 504.3 | 507.2 |
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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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