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 | 5,329.1 | 4,781.6 | 5,019.6 | 4,224.0 | 2,571.0 | 2,562.1 | 2,459.2 | 2,601.7 |
Revenue growth | 11.5% | -4.7% | 18.8% | 64.3% | 0.3% | 4.2% | -5.5% | 9.7% |
Cost of goods sold | 2,664.5 | 2,262.0 | 2,483.5 | 2,194.5 | 1,105.0 | 1,096.7 | 330.3 | 1,072.6 |
Gross profit | 2,664.6 | 2,519.6 | 2,536.1 | 2,029.5 | 1,466.0 | 1,465.4 | 2,128.9 | 1,529.1 |
Gross margin | 50.0% | 52.7% | 50.5% | 48.0% | 57.0% | 57.2% | 86.6% | 58.8% |
Selling, general and administrative | | | | | | | 407.2 | 390.7 |
General and administrative | 380.5 | 364.2 | 365.5 | 269.1 | 167.6 | 191.7 | 156.9 | 140.3 |
EBIT | 1,363.1 | 1,152.2 | 1,195.6 | 939.0 | 685.5 | 708.9 | 621.0 | 633.0 |
EBIT margin | 25.6% | 24.1% | 23.8% | 22.2% | 26.7% | 27.7% | 25.3% | 24.3% |
Pre-tax income | 1,001.1 | 723.9 | 772.8 | 599.6 | 481.0 | 539.2 | 453.8 | 473.6 |
Income taxes | 117.4 | 102.2 | 97.0 | 59.0 | 151.2 | 184.5 | 152.0 | 151.3 |
Tax rate | 11.7% | 14.1% | 12.6% | 9.8% | 31.4% | 34.2% | 33.5% | 31.9% |
Net income | 879.7 | 618.3 | 669.9 | 535.8 | 323.9 | 346.6 | 291.9 | 313.3 |
Net margin | 16.5% | 12.9% | 13.3% | 12.7% | 12.6% | 13.5% | 11.9% | 12.0% |
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Diluted EPS | $3.83 | $2.72 | $2.79 | $2.50 | $2.27 | $2.43 | $2.10 | $2.36 |
Shares outstanding (diluted) | 229.6 | 227.5 | 239.9 | 214.1 | 142.6 | 142.5 | 139.3 | 132.8 |
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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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