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In millions, except per share items | Jun-30-23 | Dec-31-22 | Jun-30-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues | 782.4 | 1,626.8 | 782.7 | 1,878.1 | 1,462.7 | 83.5 | 838.1 | 809.5 |
Revenue growth | 0.0% | -13.4% | | 28.4% | 1651.3% | -90.0% | 3.5% | -1.3% |
Cost of goods sold | 271.5 | 613.6 | 277.6 | 890.8 | 694.4 | 333.1 | 308.5 | 282.3 |
Gross profit | 510.9 | 1,013.2 | 505.1 | 987.3 | 768.3 | -249.6 | 529.6 | 527.3 |
Gross margin | 65.3% | 62.3% | 64.5% | 52.6% | 52.5% | -298.8% | 63.2% | 65.1% |
Selling, general and administrative [+] | 43.2 | 90.0 | 44.7 | 384.6 | 333.7 | 216.4 | 206.4 | 193.4 |
General and administrative | 43.2 | 90.0 | 44.7 | | | | | |
Other operating expenses | 86.5 | 261.0 | 94.5 | | | -654.2 | | |
EBITDA [+] | 550.6 | 983.4 | 523.4 | 900.7 | 691.7 | 344.7 | 469.9 | 470.6 |
EBITDA growth | 5.2% | 9.2% | | 30.2% | 100.7% | -26.6% | -0.2% | 1.0% |
EBITDA margin | 70.4% | 60.4% | 66.9% | 48.0% | 47.3% | 412.7% | 56.1% | 58.1% |
Depreciation and amortization | 167.9 | 315.8 | 155.3 | 298.0 | 257.1 | 156.5 | 146.7 | 136.7 |
EBITA | 382.8 | 667.5 | 368.1 | 602.7 | 434.7 | 188.2 | 323.2 | 333.9 |
EBITA margin | 48.9% | 41.0% | 47.0% | 32.1% | 29.7% | 225.4% | 38.6% | 41.2% |
Amortization of intangibles | 1.6 | 5.4 | 2.2 | | | | | |
EBIT [+] | 381.2 | 662.2 | 365.8 | 602.7 | 434.7 | 188.2 | 323.2 | 333.9 |
EBIT growth | 4.2% | 9.9% | | 38.7% | 130.9% | -41.8% | -3.2% | 0.3% |
EBIT margin | 48.7% | 40.7% | 46.7% | 32.1% | 29.7% | 225.4% | 38.6% | 41.2% |
Non-recurring items [+] | 0.5 | 1.0 | 0.5 | | | | | |
Loss (gain) on sale of assets | 0.5 | 1.0 | 0.5 | | | | | |
Interest expense, net [+] | 141.9 | -3.7 | 108.9 | | | | | |
Interest expense | 141.9 | | 108.9 | 207.7 | 188.4 | 125.4 | 99.1 | 88.5 |
Interest income | | 3.7 | | | | | | |
Other income (expense), net [+] | 11.9 | -214.0 | 16.0 | 27.0 | 18.7 | 148.7 | -45.8 | 11.3 |
Other | 0.6 | 0.5 | 2.1 | | | 23.3 | | |
Pre-tax income | 250.8 | 450.9 | 272.5 | 422.0 | 265.0 | 211.5 | 178.3 | 256.7 |
Income taxes | -31.9 | -14.3 | -9.1 | -9.6 | -19.9 | -13.0 | -13.7 | 16.9 |
Tax rate | | | | | | | | 6.6% |
Net income | 282.7 | 465.2 | 281.7 | 431.6 | 284.8 | 224.5 | 192.0 | 239.7 |
Net margin | 36.1% | 28.6% | 36.0% | 23.0% | 19.5% | 268.8% | 22.9% | 29.6% |
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Basic EPS [+] | $1.07 | $1.77 | $1.07 | $1.68 | $1.14 | $1.04 | $1.08 | $1.35 |
Growth | -0.5% | 5.8% | | 47.0% | 9.5% | -3.5% | -20.0% | 2.2% |
Diluted EPS [+] | $1.07 | $1.77 | $1.07 | $1.67 | $1.12 | $1.04 | $1.08 | $1.35 |
Growth | -0.5% | 5.9% | | 49.4% | 7.6% | -3.4% | -20.0% | 2.2% |
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Dividends per share [+] | | | | $1.04 | $0.97 | $0.91 | $0.85 | $0.79 |
Growth | | -100.0% | | 7.0% | 7.0% | 7.0% | 7.0% | 7.2% |
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Shares outstanding (basic) [+] | 264.3 | 262.2 | 262.0 | 257.5 | 249.8 | 215.6 | 177.9 | 177.6 |
Growth | 0.9% | 1.8% | | 3.1% | 15.9% | 21.2% | 0.2% | 0.2% |
Shares outstanding (diluted) [+] | 264.8 | 262.9 | 262.5 | 258.2 | 254.6 | 215.9 | 178.4 | 178.2 |
Growth | 0.9% | 1.8% | | 1.4% | 17.9% | 21.0% | 0.1% | 0.2% |
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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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