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 | 724.4 | 1,206.2 | 1,932.6 | 1,622.9 | 1,377.1 | 2,018.6 | 3,293.2 | 2,685.1 |
Revenue growth | -39.9% | -37.6% | 19.1% | 17.8% | -31.8% | -38.7% | 22.6% | 29.6% |
Cost of goods sold | 57.9 | 95.9 | 130.8 | 114.3 | 719.2 | 1,280.3 | 1,156.9 | 973.2 |
Gross profit | 666.5 | 1,110.3 | 1,801.8 | 1,508.6 | 657.9 | 738.3 | 2,136.3 | 1,711.9 |
Gross margin | 92.0% | 92.0% | 93.2% | 93.0% | 47.8% | 36.6% | 64.9% | 63.8% |
Selling, general and administrative | | | | | | | | |
General and administrative | 93.0 | 155.8 | 221.7 | 153.5 | 196.5 | 168.0 | 204.4 | 160.4 |
EBIT | -213.1 | 162.5 | 300.5 | 180.4 | -406.4 | -304.3 | 147.6 | 399.7 |
EBIT margin | -29.4% | 13.5% | 15.5% | 11.1% | -29.5% | -15.1% | 4.5% | 14.9% |
Pre-tax income | 83.1 | -54.3 | -694.2 | 581.5 | -536.8 | -243.0 | -642.0 | 112.2 |
Income taxes | 79.9 | 43.0 | 317.4 | 312.2 | 708.2 | -93.6 | -232.5 | 60.1 |
Tax rate | 96.1% | | | 53.7% | | 38.5% | 36.2% | 53.6% |
Earnings from continuing ops | 3.2 | -97.3 | -1,011.6 | 269.3 | -1,245.0 | -149.4 | -1,574.5 | -21.7 |
Earnings from discontinued ops | | | | | | | 1,193.9 | 107.3 |
Net income | 3.2 | -97.3 | -1,011.6 | 269.3 | -1,245.0 | -149.4 | -380.6 | 85.6 |
Net margin | 0.4% | -8.1% | -52.3% | 16.6% | -90.4% | -7.4% | -11.6% | 3.2% |
|
Diluted EPS | $0.01 | ($0.41) | ($4.25) | $1.12 | ($5.62) | ($0.85) | ($8.76) | ($0.12) |
Shares outstanding (diluted) | 241.6 | 237.7 | 237.9 | 240.6 | 221.7 | 176.6 | 179.8 | 179.5 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|