Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 1,876.9 | 1,254.0 | 974.3 | 968.5 | 917.6 |
Revenue growth | 49.7% | 28.7% | 0.6% | 5.5% | |
Cost of goods sold | 626.1 | -135.5 | 352.0 | 430.3 | 394.2 |
Gross profit | 1,250.8 | 1,389.5 | 622.3 | 538.1 | 523.4 |
Gross margin | 66.6% | 110.8% | 63.9% | 55.6% | 57.0% |
Selling, general and administrative | 643.0 | 544.7 | 475.0 | 413.0 | 343.1 |
EBITA | 703.6 | 361.9 | 121.8 | 122.1 | 72.2 |
EBITA margin | 37.5% | 28.9% | 12.5% | 12.6% | 7.9% |
Amortization of intangibles | 523.8 | 290.4 | 191.4 | 227.8 | 221.5 |
EBIT | 179.8 | 71.5 | -69.6 | -105.7 | -149.3 |
EBIT margin | 9.6% | 5.7% | -7.1% | -10.9% | -16.3% |
Pre-tax income | -258.2 | -353.3 | -248.4 | -236.5 | -285.2 |
Income taxes | 12.3 | -2.7 | 10.2 | 5.6 | -21.3 |
Tax rate | | 0.8% | | | 7.5% |
Net income | -312.0 | -350.6 | -258.6 | -242.2 | -263.9 |
Net margin | -16.6% | -28.0% | -26.5% | -25.0% | -28.8% |
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Diluted EPS | ($0.49) | ($0.82) | ($0.94) | ($1.11) | ($1.22) |
Shares outstanding (diluted) | 640.8 | 427.0 | 273.9 | 217.5 | 216.8 |
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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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