Income StatementLTMMar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16

Total Revenues

7,288

7,463

7,562

7,426

6,991

5,629

5,537

4,950

5,150

4,845

4,396

Total Revenues %Chg

-1.6%

-1.3%

1.8%

6.2%

24.2%

1.7%

11.9%

-3.9%

6.3%

10.2%

-2.6%

Cost of Sales

1,546

1,543

1,710

1,792

1,859

1,494

1,369

1,322

1,277

1,298

1,354

Gross Profit

5,742

5,920

5,852

5,634

5,132

4,135

4,168

3,628

3,873

3,547

3,042

Gross Profit Margin

78.8%

79.3%

77.4%

75.9%

73.4%

73.5%

75.3%

73.3%

75.2%

73.2%

69.2%

Selling, General & Administrative Expenses

1,744

1,707

1,710

1,705

1,634

1,281

1,137

1,162

1,110

1,112

1,028

Depreciation & Amortization Expenses

67

67

142

158

183

30

22

23

9

6

7

Research & Development Expenses

2,684

2,569

2,420

2,328

2,186

1,778

1,559

1,433

1,320

1,205

1,109

Other Operating Expenses

4

57

62

111

—

—

5

14

—

—

—

Operating Profit

1,243

1,520

1,518

1,332

1,129

1,046

1,445

996

1,434

1,224

898

Operating Margin

17.1%

20.4%

20.1%

17.9%

16.1%

18.6%

26.1%

20.1%

27.8%

25.3%

20.4%

Interest and Investment Income

39

85

71

-6

-48

-29

63

83

15

-14

-21

Total Non-Operating Income

39

85

71

-6

-48

-29

63

83

15

-14

-21

Income Before Provision for Income Taxes

1,282

1,605

1,589

1,326

1,081

1,017

1,508

1,079

1,449

1,210

877

Provision for Income Taxes

397

484

316

524

292

180

-1,531

60

406

243

-279

Consolidated Net Income

885

1,121

1,273

802

789

837

3,039

1,019

1,043

967

1,156

Net Income Attributable to Minority Interests and Other

—

—

—

—

—

—

—

—

—

—

—

Net Income Attributable to Common Shareholders

885

1,121

1,273

802

789

837

3,039

1,019

1,043

967

1,156

Basic EPS

3.5

4.3

4.7

2.9

2.8

2.9

10.4

3.4

3.4

3.2

3.7

Diluted EPS

3.4

4.3

4.7

2.9

2.8

2.9

10.3

3.3

3.3

3.1

3.5

Basic Weighted Average Shares Outstanding

255

262

270

277

284

289

293

303

308

303

310

Total Shares Outstanding

249

252.3

266.4

272.9

280.1

286.5

288.4

298.2

306.4

308.4

300.6

Diluted Weighted Average Shares Outstanding

257.5

264

272

278

286

292

295

306

312

314

330

EBITDA

1,558

1,876

1,922

1,868

1,615

1,227

1,595

1,141

1,570

1,396

1,095

Effective Tax Rate

31%

30.2%

19.9%

39.5%

27%

17.7%

-101.5%

5.6%

28%

20.1%

-31.8%