Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 3,567.5 | 3,690.6 | 3,588.0 | 3,404.0 | 3,266.7 | 3,069.4 | 2,884.3 | 2,749.6 |
Revenue growth | -3.3% | 2.9% | 5.4% | 4.2% | 6.4% | 6.4% | 4.9% | -2.6% |
Cost of goods sold | 2,350.8 | 2,376.0 | 2,314.9 | 2,174.2 | 2,083.0 | 1,969.1 | 1,878.5 | 1,768.3 |
Gross profit | 1,216.7 | 1,314.6 | 1,273.1 | 1,229.8 | 1,183.7 | 1,100.3 | 1,005.8 | 981.3 |
Gross margin | 34.1% | 35.6% | 35.5% | 36.1% | 36.2% | 35.8% | 34.9% | 35.7% |
Sales and marketing | 743.5 | 763.1 | 737.4 | 695.8 | 662.3 | 616.4 | 572.3 | 507.6 |
General and administrative | 193.4 | 217.4 | 207.1 | 210.8 | 224.7 | 209.0 | 197.2 | 222.5 |
EBITA | 205.8 | 289.2 | 281.5 | 284.1 | 260.5 | 239.4 | 199.4 | 156.3 |
EBITA margin | 5.8% | 7.8% | 7.8% | 8.3% | 8.0% | 7.8% | 6.9% | 5.7% |
Amortization of intangibles | | | | 1.4 | 1.8 | 0.4 | 0.6 | 0.6 |
EBIT | 205.8 | 289.2 | 281.5 | 282.7 | 258.7 | 239.0 | 198.8 | 155.7 |
EBIT margin | 5.8% | 7.8% | 7.8% | 8.3% | 7.9% | 7.8% | 6.9% | 5.7% |
Pre-tax income | 189.7 | 268.9 | 277.5 | 276.1 | 219.9 | 207.8 | 166.6 | 120.6 |
Income taxes | 71.0 | 99.6 | 104.5 | 97.7 | 83.4 | 80.1 | 66.2 | 48.1 |
Tax rate | 37.4% | 37.1% | 37.7% | 35.4% | 37.9% | 38.6% | 39.7% | 39.9% |
Earnings from continuing ops | 118.7 | 169.2 | 173.0 | 178.4 | 136.5 | 127.7 | 100.4 | 72.5 |
Earnings from discontinued ops | | | | | -5.8 | -4.6 | -1.9 | |
Net income | 118.7 | 169.2 | 173.0 | 178.4 | 130.7 | 123.1 | 98.5 | 72.5 |
Net margin | 3.3% | 4.6% | 4.8% | 5.2% | 4.0% | 4.0% | 3.4% | 2.6% |
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Diluted EPS | $2.25 | $3.16 | $3.23 | $3.25 | $2.36 | $2.10 | $1.69 | $1.26 |
Shares outstanding (diluted) | 52.9 | 53.5 | 53.6 | 54.9 | 58.0 | 60.7 | 59.5 | 57.3 |
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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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