Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,796.0 | 1,559.8 | 1,536.7 | 1,378.2 | 1,065.7 | 1,017.6 | 1,167.8 | 1,161.5 |
Revenue growth | | 1.5% | 11.5% | 29.3% | 4.7% | -12.9% | 0.5% | 8.2% |
Cost of goods sold | 987.8 | 802.0 | 784.6 | 698.7 | 531.0 | 507.3 | 670.6 | 647.7 |
Gross profit | 808.2 | 757.8 | 752.1 | 679.5 | 534.7 | 510.3 | 497.2 | 513.8 |
Gross margin | 45.0% | 48.6% | 48.9% | 49.3% | 50.2% | 50.1% | 42.6% | 44.2% |
Selling, general and administrative | 497.1 | 346.5 | 354.4 | 313.4 | 235.1 | 216.3 | 219.1 | 204.2 |
EBITA | -45.9 | 132.3 | 107.5 | 126.5 | 109.1 | 110.9 | 129.4 | 177.3 |
EBITA margin | -2.6% | 8.5% | 7.0% | 9.2% | 10.2% | 10.9% | 11.1% | 15.3% |
Amortization of intangibles | 121.4 | 14.4 | 14.7 | 12.4 | 2.5 | 0.2 | | 0.4 |
EBIT | -167.3 | 117.9 | 92.8 | 114.1 | 106.6 | 110.7 | 129.4 | 176.9 |
EBIT margin | -9.3% | 7.6% | 6.0% | 8.3% | 10.0% | 10.9% | 11.1% | 15.2% |
Pre-tax income | -166.0 | -81.1 | -77.2 | -60.4 | 66.7 | 164.4 | 450.6 | 199.1 |
Income taxes | -35.1 | -25.5 | -10.6 | 9.4 | 26.7 | 61.7 | 159.8 | 81.4 |
Tax rate | 21.1% | 31.4% | 13.7% | | 40.0% | 37.5% | 35.5% | 40.9% |
Net income | -130.9 | -66.0 | -77.0 | -80.2 | 29.6 | 92.6 | 343.3 | 65.2 |
Net margin | -7.3% | -4.2% | -5.0% | -5.8% | 2.8% | 9.1% | 29.4% | 5.6% |
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Diluted EPS | | ($1.30) | ($1.53) | ($1.73) | $0.70 | $2.20 | $8.17 | $1.56 |
Shares outstanding (diluted) | | 50.6 | 50.4 | 46.3 | 42.4 | 42.1 | 42.0 | 41.9 |
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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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