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 | 1,563.1 | 1,426.2 | 1,120.7 | 3,327.5 | 2,193.1 | 1,937.3 | 3,185.8 | 3,434.4 |
Revenue growth | 9.6% | 27.3% | -66.3% | 51.7% | 13.2% | -39.2% | -7.2% | -25.7% |
Cost of goods sold | 693.7 | 648.5 | 517.1 | 1,926.4 | 1,463.7 | 1,265.7 | 2,193.4 | 2,362.7 |
Gross profit | 869.4 | 777.7 | 603.6 | 1,401.1 | 729.4 | 671.6 | 992.4 | 1,071.7 |
Gross margin | 55.6% | 54.5% | 53.9% | 42.1% | 33.3% | 34.7% | 31.2% | 31.2% |
Selling, general and administrative | 772.9 | 665.8 | 515.5 | 1,132.1 | 548.8 | 500.6 | 696.8 | 748.3 |
Research and development | 60.8 | 49.1 | 34.3 | | | | | |
EBITA | 54.6 | 76.7 | 53.9 | 438.3 | 224.3 | 222.3 | 350.5 | 380.7 |
EBITA margin | 3.5% | 5.4% | 4.8% | 13.2% | 10.2% | 11.5% | 11.0% | 11.1% |
Amortization of intangibles | 126.3 | 116.9 | 103.3 | 135.8 | 43.7 | 39.8 | 57.4 | 56.8 |
EBIT | -71.7 | -40.2 | -49.4 | 302.5 | 180.6 | 182.5 | 293.2 | 323.9 |
EBIT margin | -4.6% | -2.8% | -4.4% | 9.1% | 8.2% | 9.4% | 9.2% | 9.4% |
Pre-tax income | -2.1 | -121.8 | -119.0 | 50.5 | 92.4 | 48.6 | 206.5 | 218.1 |
Income taxes | 36.1 | -19.5 | -44.6 | 31.6 | -29.5 | 2.5 | 51.8 | 41.2 |
Tax rate | | 16.0% | 37.5% | 62.6% | | 5.1% | 25.1% | 18.9% |
Earnings from continuing ops | -38.2 | -102.3 | -74.4 | 8.4 | 107.6 | 26.1 | 147.2 | 147.3 |
Earnings from discontinued ops | 26.4 | 178.5 | 120.2 | -536.0 | 32.6 | 123.4 | -9.6 | 10.2 |
Net income | -11.8 | 76.3 | 45.8 | -527.6 | 140.2 | 149.5 | 137.7 | 157.5 |
Net margin | -0.8% | 5.3% | 4.1% | -15.9% | 6.4% | 7.7% | 4.3% | 4.6% |
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Diluted EPS | ($0.71) | ($2.00) | ($1.63) | $0.06 | $0.89 | $0.21 | $1.20 | $1.18 |
Shares outstanding (diluted) | 54.1 | 51.1 | 45.6 | 136.7 | 120.8 | 124.0 | 123.2 | 124.9 |
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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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