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 | 1,077.2 | 1,166.6 | 1,292.6 | 1,562.3 | 1,586.2 | 1,145.9 | 789.9 | 805.2 |
Revenue growth | -7.7% | -9.7% | -17.3% | -1.5% | 38.4% | 45.1% | -1.9% | |
Cost of goods sold | 877.5 | 889.1 | 1,023.5 | 1,224.7 | 1,213.4 | 827.5 | 519.1 | 559.8 |
Gross profit | 199.7 | 277.5 | 269.0 | 337.6 | 372.8 | 318.3 | 270.8 | 245.4 |
Gross margin | 18.5% | 23.8% | 20.8% | 21.6% | 23.5% | 27.8% | 34.3% | 30.5% |
Selling, general and administrative | 176.5 | 169.8 | 186.1 | 198.9 | 184.9 | 221.0 | 130.4 | 120.7 |
EBITA | -10.3 | 71.9 | 38.3 | 87.6 | 132.3 | 32.2 | 107.0 | 40.3 |
EBITA margin | -1.0% | 6.2% | 3.0% | 5.6% | 8.3% | 2.8% | 13.6% | 5.0% |
Amortization of intangibles | 47.3 | 50.5 | 54.7 | 59.3 | 94.9 | 67.1 | 56.8 | |
EBIT | -57.6 | 21.4 | -16.4 | 28.3 | 37.4 | -34.9 | 50.2 | 40.3 |
EBIT margin | -5.3% | 1.8% | -1.3% | 1.8% | 2.4% | -3.0% | 6.4% | 5.0% |
Pre-tax income | -411.4 | -130.7 | -164.9 | -501.5 | -161.5 | -270.6 | -59.9 | -71.7 |
Income taxes | 4.2 | 11.7 | 13.6 | 7.6 | 8.4 | -61.1 | -11.8 | -26.8 |
Tax rate | | | | | | 22.6% | 19.7% | 37.4% |
Net income | -422.8 | -144.0 | -179.8 | -512.4 | -173.5 | -228.3 | -48.1 | 0.0 |
Net margin | -39.3% | -12.3% | -13.9% | -32.8% | -10.9% | -19.9% | -6.1% | 0.0% |
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Diluted EPS | ($6.86) | ($24.40) | ($73.19) | ($10.55) | ($3.52) | ($2.18) | ($0.75) | ($0.70) |
Shares outstanding (diluted) | 61.6 | 5.9 | 2.5 | 48.6 | 49.3 | 104.9 | 64.0 | 0.1 |
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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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