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 | 57,342.0 | 42,078.0 | 23,290.0 | 33,669.0 | 34,055.0 | 26,223.0 | 20,182.0 | 23,152.0 |
Revenue growth | 36.3% | 80.7% | -30.8% | -1.1% | 29.9% | 29.9% | -12.8% | -46.7% |
Cost of goods sold | 54,760.0 | 39,569.0 | 21,507.0 | 30,755.0 | 31,056.0 | 24,168.0 | 18,415.0 | 21,180.0 |
Gross profit | 2,582.0 | 2,509.0 | 1,783.0 | 2,914.0 | 2,999.0 | 2,055.0 | 1,767.0 | 1,972.0 |
Gross margin | 4.5% | 6.0% | 7.7% | 8.7% | 8.8% | 7.8% | 8.8% | 8.5% |
General and administrative | 325.0 | 292.0 | 271.0 | 297.0 | 316.0 | 276.0 | 279.0 | 278.0 |
EBITA | 1,822.0 | 1,839.0 | 1,304.0 | 2,480.0 | 2,604.0 | 1,606.0 | 1,213.0 | 1,494.0 |
EBITA margin | 3.2% | 4.4% | 5.6% | 7.4% | 7.6% | 6.1% | 6.0% | 6.5% |
Amortization of intangibles | | 122.0 | 90.0 | 76.0 | 66.0 | 54.0 | 44.0 | 49.0 |
EBIT | 1,822.0 | 1,717.0 | 1,214.0 | 2,404.0 | 2,538.0 | 1,552.0 | 1,169.0 | 1,445.0 |
EBIT margin | 3.2% | 4.1% | 5.2% | 7.1% | 7.5% | 5.9% | 5.8% | 6.2% |
Pre-tax income | 1,417.0 | 721.0 | -2,599.0 | 2,246.0 | 2,414.0 | 902.0 | 755.0 | 1,006.0 |
Income taxes | 189.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 13.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 1,228.0 | 593.0 | -2,590.0 | 2,171.0 | 2,216.0 | 856.0 | 726.0 | 903.0 |
Net margin | 2.1% | 1.4% | -11.1% | 6.4% | 6.5% | 3.3% | 3.6% | 3.9% |
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Diluted EPS | | $0.83 | ($3.56) | $2.71 | $2.77 | $1.19 | $1.56 | $2.28 |
Shares outstanding (diluted) | | 716.0 | 728.0 | 800.0 | 799.0 | 718.0 | 466.0 | 396.0 |
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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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