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 |
Revenues | 5,691.5 | 4,998.1 | 4,370.6 | 4,431.2 | 4,285.6 | 0.0 | 0.0 |
Revenue growth | 13.9% | 14.4% | -1.4% | 3.4% | | | |
Cost of goods sold | 4,075.4 | 3,475.4 | 2,896.9 | 2,978.2 | 2,865.2 | 0.0 | 0.0 |
Gross profit | 1,616.1 | 1,522.7 | 1,473.7 | 1,453.0 | 1,420.4 | 0.0 | 0.0 |
Gross margin | 28.4% | 30.5% | 33.7% | 32.8% | 33.1% | | |
Selling, general and administrative | 1,178.3 | 1,109.0 | 1,008.4 | 1,100.8 | 1,223.8 | | 0.0 |
General and administrative | | | | | | 0.0 | 0.0 |
EBITA | 454.5 | 427.9 | 451.9 | 372.6 | 174.4 | 0.0 | 0.0 |
EBITA margin | 8.0% | 8.6% | 10.3% | 8.4% | 4.1% | | |
Amortization of intangibles | 230.4 | 157.9 | 142.8 | 145.8 | 156.6 | | |
EBIT | 224.1 | 270.0 | 309.1 | 226.8 | 17.8 | 0.0 | 0.0 |
EBIT margin | 3.9% | 5.4% | 7.1% | 5.1% | 0.4% | | |
Pre-tax income | 167.0 | 166.2 | -254.6 | -104.3 | -271.0 | 0.0 | 0.0 |
Income taxes | 90.4 | 46.6 | 72.7 | 36.5 | 49.9 | 0.0 | 0.0 |
Tax rate | 54.1% | 28.0% | | | | 0.0% | |
Earnings from continuing ops | 76.6 | 119.6 | -327.3 | -140.8 | -327.8 | 0.0 | |
Earnings from discontinued ops | | | | | 6.9 | | |
Net income | 76.6 | 119.6 | -327.3 | -140.8 | -320.9 | 0.0 | 0.0 |
Net margin | 1.3% | 2.4% | -7.5% | -3.2% | -7.5% | | |
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Diluted EPS | $0.20 | $0.33 | ($1.07) | ($1.19) | ($2.77) | $0.00 | |
Shares outstanding (diluted) | 378.2 | 360.1 | 307.1 | 118.3 | 118.3 | 17.3 | |
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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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