Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 704.9 | 665.4 | 675.3 | 774.0 | 792.6 | 645.9 | 560.3 | 533.7 |
Revenue growth | 5.9% | -1.5% | -12.7% | -2.4% | 22.7% | 15.3% | 5.0% | -18.1% |
Cost of goods sold | 288.8 | 226.6 | 193.8 | 225.6 | 239.9 | 194.5 | 170.1 | 157.3 |
Gross profit | 416.1 | 438.8 | 481.5 | 548.3 | 552.7 | 451.4 | 390.2 | 376.4 |
Gross margin | 59.0% | 65.9% | 71.3% | 70.8% | 69.7% | 69.9% | 69.6% | 70.5% |
General and administrative | 55.6 | 61.3 | 64.1 | 68.9 | 63.3 | 74.6 | 64.7 | 59.2 |
EBIT | 292.8 | 342.7 | 432.8 | 365.0 | 312.9 | 209.1 | 189.3 | 199.5 |
EBIT margin | 41.5% | 51.5% | 64.1% | 47.2% | 39.5% | 32.4% | 33.8% | 37.4% |
Pre-tax income | 158.7 | 246.8 | 337.0 | 134.6 | 123.0 | 94.5 | 98.4 | 97.1 |
Income taxes | -7.4 | -2.0 | -2.0 | -2.7 | -2.6 | -2.8 | -1.0 | -1.0 |
Tax rate | | | | | | | | |
Earnings from continuing ops | 153.1 | 241.1 | 329.7 | 228.9 | 169.6 | 87.9 | 86.4 | 77.9 |
Earnings from discontinued ops | 326.5 | 41.2 | 27.1 | 10.6 | 48.6 | 121.8 | 51.0 | 106.1 |
Net income | 479.6 | 282.3 | 356.8 | 239.5 | 218.2 | 209.7 | 137.4 | 184.0 |
Net margin | 68.0% | 42.4% | 52.8% | 30.9% | 27.5% | 32.5% | 24.5% | 34.5% |
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Diluted EPS | $1.03 | $1.63 | $2.24 | $1.54 | $1.15 | $0.67 | $0.73 | $0.67 |
Shares outstanding (diluted) | 148.2 | 147.5 | 146.9 | 148.8 | 147.9 | 130.9 | 117.7 | 115.5 |
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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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