Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 2,789.0 | 2,125.5 | 1,824.7 | 2,480.8 | 2,912.8 | 2,028.4 | 1,712.5 | 2,246.5 |
Revenue growth | 31.2% | 16.5% | -26.4% | -14.8% | 43.6% | 18.4% | -23.8% | -41.6% |
Cost of goods sold | 2,079.3 | 1,617.6 | 1,364.0 | 1,782.9 | 2,213.7 | 1,469.2 | 1,197.3 | 1,813.2 |
Gross profit | 709.6 | 507.9 | 460.6 | 698.0 | 699.0 | 559.2 | 515.2 | 433.4 |
Gross margin | 25.4% | 23.9% | 25.2% | 28.1% | 24.0% | 27.6% | 30.1% | 19.3% |
Selling, general and administrative | | | | | | | | |
General and administrative | 138.4 | 122.5 | 108.4 | 105.4 | 131.6 | 126.5 | 86.5 | 126.4 |
EBITA | 339.5 | 143.9 | 136.4 | 347.9 | 319.7 | 254.9 | 278.7 | 231.3 |
EBITA margin | 12.2% | 6.8% | 7.5% | 14.0% | 11.0% | 12.6% | 16.3% | 10.3% |
Amortization of intangibles | 10.3 | 10.3 | 15.5 | 18.7 | 21.8 | 23.6 | 24.3 | 20.0 |
EBIT | 329.2 | 133.6 | 120.9 | 329.2 | 297.9 | 231.3 | 254.4 | 211.3 |
EBIT margin | 11.8% | 6.3% | 6.6% | 13.3% | 10.2% | 11.4% | 14.9% | 9.4% |
Pre-tax income | 126.0 | -139.7 | -401.6 | 99.4 | -10.3 | 78.1 | 114.4 | 425.6 |
Income taxes | -3.2 | -1.7 | -1.3 | -0.7 | 1.5 | -4.0 | 3.3 | 4.0 |
Tax rate | | 1.2% | 0.3% | | | | 2.9% | 0.9% |
Net income | -4.6 | -239.8 | -491.4 | 21.5 | -75.9 | 60.7 | 113.2 | 422.5 |
Net margin | -0.2% | -11.3% | -26.9% | 0.9% | -2.6% | 3.0% | 6.6% | 18.8% |
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Diluted EPS | ($0.04) | ($1.96) | ($4.01) | $0.18 | $122,380,645.16 | $0.50 | | $103,234.40 |
Shares outstanding (diluted) | 122.6 | 122.6 | 122.6 | 122.6 | 0.0 | 121.5 | | 0.0 |
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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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