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 | 3,924.5 | 3,186.0 | 2,889.1 | 2,932.1 | 2,696.0 | 2,591.8 | 2,481.9 | 2,586.1 |
Revenue growth | 23.2% | 10.3% | -1.5% | 8.8% | 4.0% | 4.4% | -4.0% | -5.5% |
Cost of goods sold | 2,657.7 | 2,114.6 | 1,912.1 | 1,948.2 | 1,586.6 | 1,454.3 | 1,270.0 | 1,206.2 |
Gross profit | 1,266.8 | 1,071.4 | 977.0 | 983.9 | 1,109.3 | 1,137.5 | 1,211.9 | 1,380.0 |
Gross margin | 32.3% | 33.6% | 33.8% | 33.6% | 41.1% | 43.9% | 48.8% | 53.4% |
Selling, general and administrative | 921.7 | 831.9 | 715.4 | 717.7 | 750.9 | 887.8 | 896.1 | 1,104.2 |
EBITA | 268.9 | 186.1 | 194.1 | 218.7 | 316.1 | 183.9 | 246.4 | 203.2 |
EBITA margin | 6.9% | 5.8% | 6.7% | 7.5% | 11.7% | 7.1% | 9.9% | 7.9% |
Amortization of intangibles | 58.9 | 57.9 | 56.8 | 53.2 | 47.4 | 41.2 | 26.7 | 19.0 |
EBIT | 210.1 | 128.2 | 137.3 | 165.4 | 268.7 | 142.8 | 219.8 | 184.2 |
EBIT margin | 5.4% | 4.0% | 4.8% | 5.6% | 10.0% | 5.5% | 8.9% | 7.1% |
Pre-tax income | 121.7 | 449.6 | 407.3 | 426.5 | 323.5 | 182.8 | 250.7 | -120.9 |
Income taxes | 51.3 | 96.3 | 107.3 | 98.6 | 52.1 | -119.7 | 81.2 | 20.5 |
Tax rate | 42.1% | 21.4% | 26.3% | 23.1% | 16.1% | | 32.4% | |
Earnings from continuing ops | 67.1 | 352.1 | 300.4 | 327.9 | 271.2 | 302.0 | 168.6 | -143.5 |
Earnings from discontinued ops | | | | | | | | 42.2 |
Net income | 67.1 | 352.1 | 300.4 | 327.9 | 271.2 | 302.0 | 168.6 | -101.3 |
Net margin | 1.7% | 11.1% | 10.4% | 11.2% | 10.1% | 11.7% | 6.8% | -3.9% |
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Diluted EPS | $13.87 | $70.91 | $58.45 | $61.55 | $50.50 | $54.40 | $30.16 | ($25.05) |
Shares outstanding (diluted) | 4.8 | 5.0 | 5.1 | 5.3 | 5.4 | 5.6 | 5.6 | 5.7 |
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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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