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 | 4,965.5 | 4,827.5 | 2,744.6 | 3,373.9 | 4,622.8 | 4,448.1 | 3,716.6 | 3,971.9 |
Revenue growth | 2.9% | 75.9% | -18.7% | -27.0% | 3.9% | 19.7% | -6.4% | -22.5% |
Cost of goods sold | 4,693.2 | 4,128.6 | 2,423.5 | 3,073.5 | 4,094.0 | 3,807.8 | 3,124.4 | 3,502.8 |
Gross profit | 272.3 | 698.9 | 321.1 | 300.4 | 528.8 | 640.3 | 592.2 | 469.1 |
Gross margin | 5.5% | 14.5% | 11.7% | 8.9% | 11.4% | 14.4% | 15.9% | 11.8% |
Selling, general and administrative | 398.8 | 323.4 | 227.5 | 276.9 | 257.0 | 239.0 | 238.7 | 208.0 |
EBITA | 124.9 | 548.6 | 196.4 | 185.7 | 454.9 | 560.0 | 543.4 | 428.0 |
EBITA margin | 2.5% | 11.4% | 7.2% | 5.5% | 9.8% | 12.6% | 14.6% | 10.8% |
Amortization of intangibles | 93.6 | 71.8 | 27.7 | 26.0 | 29.7 | 27.0 | 21.3 | 18.5 |
EBIT | 31.3 | 476.8 | 168.7 | 159.7 | 425.2 | 533.0 | 522.1 | 409.5 |
EBIT margin | 0.6% | 9.9% | 6.1% | 4.7% | 9.2% | 12.0% | 14.0% | 10.3% |
Pre-tax income | -469.6 | 350.5 | 105.4 | 99.8 | 364.3 | 411.1 | 405.3 | 203.8 |
Income taxes | -41.6 | 70.9 | 42.7 | 12.7 | 71.8 | 82.8 | 87.0 | 70.2 |
Tax rate | 8.9% | 20.2% | 40.5% | 12.7% | 19.7% | 20.1% | 21.5% | 34.4% |
Earnings from continuing ops | -425.1 | 119.2 | 117.5 | 82.2 | 292.5 | 328.3 | 318.3 | 133.6 |
Earnings from discontinued ops | -2.9 | 160.4 | -54.8 | 4.9 | | | | |
Net income | -428.0 | 279.6 | 62.7 | 87.1 | 292.5 | 328.3 | 318.3 | 133.6 |
Net margin | -8.6% | 5.8% | 2.3% | 2.6% | 6.3% | 7.4% | 8.6% | 3.4% |
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Diluted EPS | ($11.84) | $3.01 | $3.04 | $2.02 | $6.69 | $7.30 | $6.70 | $2.73 |
Shares outstanding (diluted) | 35.9 | 39.6 | 38.6 | 40.7 | 43.7 | 45.0 | 47.5 | 49.0 |
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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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