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 | 4,569.0 | 2,254.3 | 3,181.9 | 3,654.1 | 3,880.9 | 2,520.5 | 2,632.8 | 3,931.3 |
Revenue growth | 102.7% | -29.2% | -12.9% | -5.8% | 54.0% | -4.3% | -33.0% | 175.6% |
Cost of goods sold | 3,843.9 | 1,600.5 | 2,544.9 | 3,129.4 | 3,374.7 | 1,925.1 | 3,957.2 | 6,576.1 |
Gross profit | 725.1 | 653.8 | 637.0 | 524.7 | 506.2 | 595.4 | -1,324.4 | -2,644.8 |
Gross margin | 15.9% | 29.0% | 20.0% | 14.4% | 13.0% | 23.6% | -50.3% | -67.3% |
Selling, general and administrative | | | | | | | | |
General and administrative | 97.6 | 91.5 | 103.4 | 88.1 | 96.5 | 88.2 | 116.3 | 100.2 |
EBIT | 141.9 | 225.6 | 231.8 | 195.4 | 72.8 | 151.0 | -3,551.9 | 68.4 |
EBIT margin | 3.1% | 10.0% | 7.3% | 5.3% | 1.9% | 6.0% | -134.9% | 1.7% |
Pre-tax income | -37.2 | -14.9 | 320.2 | 67.1 | -167.4 | -191.8 | -2,305.1 | -9.3 |
Income taxes | 0.2 | 0.4 | 0.3 | 0.1 | -0.8 | 0.3 | -1.4 | 1.1 |
Tax rate | | | 0.1% | 0.1% | 0.5% | | 0.1% | |
Net income | -138.6 | -116.2 | 223.6 | -9.3 | -254.4 | -245.0 | -1,673.1 | 55.1 |
Net margin | -3.0% | -5.2% | 7.0% | -0.3% | -6.6% | -9.7% | -63.5% | 1.4% |
|
Diluted EPS | ($2.11) | ($1.59) | $2.91 | ($0.13) | ($3.64) | ($3.55) | ($54.00) | $2.96 |
Shares outstanding (diluted) | 65.6 | 73.2 | 76.9 | 71.2 | 69.8 | 69.0 | 31.0 | 18.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|