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 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 5,156.6 | 4,710.8 | 6,530.9 | 7,270.4 | 6,266.0 | 3,948.0 | 3,903.1 | 3,696.0 |
Revenue growth | 9.5% | -27.9% | -10.2% | 16.0% | 58.7% | 1.2% | 5.6% | 15.2% |
Cost of goods sold | 4,433.9 | 4,128.1 | 5,628.3 | 6,130.0 | 5,146.9 | 3,221.9 | 3,267.7 | 3,173.2 |
Gross profit | 722.7 | 582.7 | 902.6 | 1,140.4 | 1,119.1 | 726.1 | 635.4 | 522.8 |
Gross margin | 14.0% | 12.4% | 13.8% | 15.7% | 17.9% | 18.4% | 16.3% | 14.1% |
Selling, general and administrative | 344.2 | 313.9 | 364.7 | 385.7 | 390.1 | 314.2 | 274.1 | 255.2 |
EBITA | 333.5 | 267.3 | 517.6 | 754.7 | 729.0 | 411.9 | 361.3 | 267.6 |
EBITA margin | 6.5% | 5.7% | 7.9% | 10.4% | 11.6% | 10.4% | 9.3% | 7.2% |
Amortization of intangibles | 85.8 | 86.6 | 95.4 | 99.4 | 75.3 | 5.0 | 3.2 | |
EBIT | 247.7 | 180.7 | 422.2 | 655.3 | 653.7 | 406.9 | 358.1 | 267.6 |
EBIT margin | 4.8% | 3.8% | 6.5% | 9.0% | 10.4% | 10.3% | 9.2% | 7.2% |
Pre-tax income | 1.2 | -610.3 | -533.0 | -113.9 | 340.0 | 299.0 | 272.7 | 176.7 |
Income taxes | -4.7 | -49.2 | -48.9 | -57.1 | 2.5 | 58.3 | 37.1 | 33.7 |
Tax rate | | 8.1% | 9.2% | 50.1% | 0.7% | 19.5% | 13.6% | 19.1% |
Net income | 5.9 | -561.3 | -484.5 | -57.5 | 337.1 | 240.7 | 235.6 | 143.0 |
Net margin | 0.1% | -11.9% | -7.4% | -0.8% | 5.4% | 6.1% | 6.0% | 3.9% |
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Diluted EPS | $0.05 | ($4.96) | ($4.31) | ($0.52) | $3.28 | $3.13 | $3.09 | $1.88 |
Shares outstanding (diluted) | 114.1 | 113.1 | 112.3 | 111.6 | 102.8 | 76.9 | 76.3 | 75.9 |
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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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