Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 1,529.5 | 1,564.0 | 2,064.0 | 2,327.9 | 2,346.4 | 2,403.9 | 2,535.6 | 2,486.0 |
Revenue growth | -2.2% | -24.2% | -11.3% | -0.8% | -2.4% | -5.2% | 2.0% | 2.5% |
Cost of goods sold | 410.0 | 382.4 | 516.0 | 573.2 | 567.3 | 585.7 | 628.5 | 650.6 |
Gross profit | 1,119.6 | 1,181.6 | 1,548.0 | 1,754.7 | 1,779.2 | 1,818.2 | 1,907.1 | 1,835.4 |
Gross margin | 73.2% | 75.6% | 75.0% | 75.4% | 75.8% | 75.6% | 75.2% | 73.8% |
Sales and marketing | 6.7 | 5.9 | 7.8 | 11.0 | 13.2 | 22.0 | 24.7 | 27.6 |
General and administrative | 24.5 | 22.5 | 46.4 | 56.1 | 55.7 | 50.4 | 64.1 | 49.2 |
EBIT | 67.3 | 1,319.5 | 5,360.8 | 1,212.4 | 1,905.7 | 1,005.9 | 998.4 | 899.3 |
EBIT margin | 4.4% | 84.4% | 259.7% | 52.1% | 81.2% | 41.8% | 39.4% | 36.2% |
Pre-tax income | -766.2 | 471.2 | 4,758.0 | 677.8 | 1,307.4 | 1,431.9 | 390.8 | 328.5 |
Income taxes | 35.4 | -9.7 | 594.2 | 10.9 | -0.9 | 38.3 | -7.3 | -0.3 |
Tax rate | | | 12.5% | 1.6% | | 2.7% | | |
Earnings from continuing ops | -711.5 | 432.9 | 4,090.5 | 657.3 | 1,288.4 | 1,358.6 | 368.0 | 300.1 |
Earnings from discontinued ops | | | | | | | 281.9 | -11.6 |
Net income | -711.5 | 432.9 | 4,090.5 | 657.3 | 1,288.4 | 1,358.6 | 649.9 | 288.5 |
Net margin | -46.5% | 27.7% | 198.2% | 28.2% | 54.9% | 56.5% | 25.6% | 11.6% |
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Diluted EPS | ($1.33) | $1.32 | $0.63 | $0.69 | $1.35 | $1.43 | $0.39 | $0.32 |
Shares outstanding (diluted) | 534.9 | 327.9 | 6,492.9 | 947.6 | 952.3 | 951.1 | 944.7 | 934.1 |
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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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