Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 3,903.6 | 3,209.2 | 3,046.5 | 2,457.9 | 2,142.2 | 1,763.3 | 1,616.4 | 1,482.3 |
Revenue growth | 21.6% | 5.3% | 23.9% | 14.7% | 21.5% | 9.1% | 9.1% | 15.9% |
Cost of goods sold | 182.6 | 172.2 | 140.9 | 135.0 | 762.7 | 642.5 | 580.6 | 548.3 |
Gross profit | 3,721.0 | 3,037.1 | 2,905.6 | 2,322.9 | 1,379.5 | 1,120.9 | 1,035.9 | 934.0 |
Gross margin | 95.3% | 94.6% | 95.4% | 94.5% | 64.4% | 63.6% | 64.1% | 63.0% |
General and administrative | 351.4 | 211.1 | 163.7 | 161.4 | 152.7 | 105.5 | 93.2 | 65.7 |
EBITA | 862.2 | 1,029.4 | 999.4 | 793.6 | 877.0 | 581.6 | 486.7 | 468.0 |
EBITA margin | 22.1% | 32.1% | 32.8% | 32.3% | 40.9% | 33.0% | 30.1% | 31.6% |
Amortization of intangibles | 355.8 | 354.3 | 416.6 | 247.5 | 172.3 | 96.5 | 72.3 | 66.2 |
EBIT | 506.4 | 675.1 | 582.8 | 546.2 | 704.8 | 485.1 | 414.4 | 401.8 |
EBIT margin | 13.0% | 21.0% | 19.1% | 22.2% | 32.9% | 27.5% | 25.6% | 27.1% |
Pre-tax income | 324.7 | 587.2 | 339.0 | 248.4 | 421.5 | 295.1 | 198.2 | 319.2 |
Income taxes | -38.0 | -12.0 | -2.1 | -7.9 | -10.4 | -6.5 | -5.2 | -1.3 |
Tax rate | | | | | | | | |
Net income | 263.3 | 493.0 | 249.9 | 173.1 | 332.1 | 217.3 | 132.7 | 271.6 |
Net margin | 6.7% | 15.4% | 8.2% | 7.0% | 15.5% | 12.3% | 8.2% | 18.3% |
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Diluted EPS | $1.00 | $2.35 | $1.21 | $0.99 | $2.20 | $1.56 | $0.99 | $2.12 |
Shares outstanding (diluted) | 262.5 | 209.5 | 206.7 | 174.9 | 150.7 | 138.9 | 133.6 | 128.1 |
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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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