Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 4,108.3 | 3,648.1 | 3,248.4 | 3,453.4 | 6,620.2 | 5,054.1 | 4,285.9 | 4,693.6 |
Revenue growth | 12.6% | 12.3% | -5.9% | -47.8% | 31.0% | 17.9% | -8.7% | 48.9% |
Cost of goods sold | 3,161.6 | 2,607.3 | 2,176.1 | 573.4 | 537.7 | 413.6 | 373.0 | 341.0 |
Gross profit | 946.6 | 1,040.9 | 1,072.3 | 2,880.1 | 6,082.5 | 4,640.5 | 3,912.9 | 4,352.6 |
Gross margin | 23.0% | 28.5% | 33.0% | 83.4% | 91.9% | 91.8% | 91.3% | 92.7% |
Selling, general and administrative | | | | | | | | |
General and administrative | 82.4 | 91.0 | 86.1 | 88.8 | 79.2 | 70.4 | 65.2 | 58.9 |
EBIT | 336.9 | 721.4 | 748.2 | 610.5 | 506.6 | 483.3 | 410.6 | 376.3 |
EBIT margin | 8.2% | 19.8% | 23.0% | 17.7% | 7.7% | 9.6% | 9.6% | 8.0% |
Pre-tax income | -48.2 | 494.5 | 550.1 | 439.3 | 334.9 | 352.7 | 235.2 | 291.6 |
Income taxes | 3.7 | 0.9 | 1.5 | 0.9 | 0.5 | 1.1 | -0.7 | -0.2 |
Tax rate | | 0.2% | 0.3% | 0.2% | 0.1% | 0.3% | | |
Earnings from continuing ops | -59.0 | 478.8 | 535.6 | 876.5 | 667.1 | 699.0 | 475.9 | 589.8 |
Earnings from discontinued ops | | | | -0.9 | -59.6 | -187.2 | -5.3 | -177.2 |
Net income | -59.0 | 478.8 | 535.6 | 875.6 | 607.5 | 511.9 | 470.6 | 412.7 |
Net margin | -1.4% | 13.1% | 16.5% | 25.4% | 9.2% | 10.1% | 11.0% | 8.8% |
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Diluted EPS | ($0.39) | $3.34 | $4.03 | $6.81 | $5.56 | $6.49 | $4.87 | $6.50 |
Shares outstanding (diluted) | 152.4 | 143.1 | 132.9 | 128.6 | 119.9 | 107.7 | 97.6 | 90.8 |
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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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