Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 3,380.9 | 3,155.1 | 2,915.5 | 2,000.4 | 1,639.0 | 1,568.6 | 874.9 | 829.1 |
Revenue growth | 7.2% | 8.2% | 45.7% | 22.0% | 4.5% | 79.3% | 5.5% | 31.6% |
Cost of goods sold | 1,032.4 | 947.1 | 913.9 | 1,085.5 | 701.3 | 663.9 | 383.1 | 324.7 |
Gross profit | 2,348.6 | 2,208.0 | 2,001.5 | 914.9 | 937.7 | 904.8 | 491.8 | 504.4 |
Gross margin | 69.5% | 70.0% | 68.7% | 45.7% | 57.2% | 57.7% | 56.2% | 60.8% |
Selling, general and administrative | | | | | | 38.6 | 24.9 | 22.5 |
General and administrative | 45.5 | 47.0 | 38.9 | 42.5 | 41.6 | | | |
EBITA | 491.9 | 464.0 | 359.9 | 411.4 | 438.5 | 398.0 | 207.3 | 192.9 |
EBITA margin | 14.5% | 14.7% | 12.3% | 20.6% | 26.8% | 25.4% | 23.7% | 23.3% |
Amortization of intangibles | 56.5 | 57.6 | 32.9 | 29.4 | 22.0 | 22.5 | 6.8 | 6.8 |
EBIT | 435.4 | 406.4 | 327.0 | 382.0 | 416.5 | 375.5 | 200.5 | 186.1 |
EBIT margin | 12.9% | 12.9% | 11.2% | 19.1% | 25.4% | 23.9% | 22.9% | 22.4% |
Pre-tax income | 318.9 | 295.5 | 215.5 | 300.9 | 368.1 | 317.6 | 83.3 | 158.0 |
Income taxes | 64.5 | -261.3 | 74.4 | 75.9 | 107.1 | 46.3 | -46.4 | 38.5 |
Tax rate | 20.2% | | 34.5% | 25.2% | 29.1% | 14.6% | | 24.4% |
Net income | 244.4 | 549.1 | 141.1 | 225.0 | 260.8 | 269.2 | 48.1 | 119.5 |
Net margin | 7.2% | 17.4% | 4.8% | 11.2% | 15.9% | 17.2% | 5.5% | 14.4% |
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Diluted EPS | $4.03 | $8.79 | $2.42 | $3.89 | $4.58 | $4.75 | $0.94 | $2.79 |
Shares outstanding (diluted) | 60.6 | 62.5 | 58.3 | 57.8 | 57.0 | 56.7 | 51.3 | 42.8 |
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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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