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 | 4,577.5 | 4,565.6 | 4,957.5 | 5,838.6 | 4,836.9 | 4,597.4 | 3,760.1 | 3,546.3 |
Revenue growth | 0.3% | -7.9% | -15.1% | 20.7% | 5.2% | 22.3% | 6.0% | 10.6% |
Cost of goods sold | 2,180.7 | 2,059.3 | 2,452.7 | 2,211.9 | 1,818.7 | 1,321.9 | 732.9 | 455.6 |
Gross profit | 2,396.8 | 2,506.3 | 2,504.8 | 3,626.7 | 3,018.2 | 3,275.5 | 3,027.2 | 3,090.7 |
Gross margin | 52.4% | 54.9% | 50.5% | 62.1% | 62.4% | 71.2% | 80.5% | 87.2% |
Selling, general and administrative | 132.5 | 110.4 | 112.3 | 115.7 | 106.0 | 102.8 | 91.1 | 72.0 |
EBITA | 68.5 | 103.4 | 107.7 | 206.3 | 189.2 | 107.1 | 148.1 | 178.8 |
EBITA margin | 1.5% | 2.3% | 2.2% | 3.5% | 3.9% | 2.3% | 3.9% | 5.0% |
Amortization of intangibles | 40.0 | 38.9 | 34.0 | 39.2 | 30.7 | 29.4 | 22.8 | 10.6 |
EBIT | 28.5 | 64.5 | 73.7 | 167.1 | 158.5 | 77.7 | 125.3 | 168.2 |
EBIT margin | 0.6% | 1.4% | 1.5% | 2.9% | 3.3% | 1.7% | 3.3% | 4.7% |
Pre-tax income | -40.5 | 21.8 | 33.6 | 135.2 | 145.5 | 71.1 | 117.9 | 165.2 |
Income taxes | -44.5 | 9.2 | 11.5 | 25.1 | 69.7 | 42.4 | 43.7 | 39.9 |
Tax rate | 110.0% | 42.1% | 34.1% | 18.5% | 47.9% | 59.6% | 37.0% | 24.2% |
Earnings from continuing ops | 4.0 | 12.6 | 22.2 | 110.2 | 77.9 | 31.4 | 79.4 | 125.3 |
Earnings from discontinued ops | 0.0 | 0.0 | 0.0 | | | | | |
Net income | 382.3 | 55.9 | 24.2 | 110.2 | 77.9 | 31.4 | 79.4 | 125.3 |
Net margin | 8.4% | 1.2% | 0.5% | 1.9% | 1.6% | 0.7% | 2.1% | 3.5% |
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Diluted EPS | $0.16 | $0.51 | $0.89 | $4.51 | $3.22 | $1.21 | $2.90 | $4.53 |
Shares outstanding (diluted) | 25.5 | 24.6 | 25.0 | 24.4 | 24.2 | 25.9 | 27.4 | 27.7 |
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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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