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 | 1,616.8 | 2,226.9 | 2,287.1 | 2,374.9 | 2,145.8 | 1,722.9 | 1,758.4 | 2,537.9 |
Revenue growth | -27.4% | -2.6% | -3.7% | 10.7% | 24.5% | -2.0% | -30.7% | 95.9% |
Cost of goods sold | 1,635.0 | 1,409.3 | 1,366.0 | 1,479.2 | 285.5 | 234.2 | 33.7 | 35.3 |
Gross profit | -18.2 | 817.6 | 921.1 | 895.7 | 1,860.3 | 1,488.7 | 1,724.7 | 2,502.6 |
Gross margin | -1.1% | 36.7% | 40.3% | 37.7% | 86.7% | 86.4% | 98.1% | 98.6% |
Selling, general and administrative | 1,309.9 | 1,113.2 | 1,070.0 | 1,188.5 | 1,283.5 | 1,121.1 | 1.4 | -970.2 |
Research and development | 157.0 | 135.8 | 131.5 | 127.9 | 133.7 | 109.2 | -84.5 | 83.3 |
EBITA | -233.0 | 624.4 | 675.6 | 667.2 | 365.7 | 177.9 | 203.6 | 725.3 |
EBITA margin | -14.4% | 28.0% | 29.5% | 28.1% | 17.0% | 10.3% | 11.6% | 28.6% |
Amortization of intangibles | | | | | | | 1.4 | |
EBIT | -233.0 | 624.4 | 675.6 | 667.2 | 365.7 | 177.9 | 202.2 | 725.3 |
EBIT margin | -14.4% | 28.0% | 29.5% | 28.1% | 17.0% | 10.3% | 11.5% | 28.6% |
Pre-tax income | -703.4 | 623.9 | 637.0 | 191.6 | 20.9 | 186.0 | 244.5 | 734.2 |
Income taxes | -88.1 | 94.5 | 164.9 | -67.8 | 203.5 | -538.0 | -432.4 | 83.9 |
Tax rate | 12.5% | 15.1% | 25.9% | | 973.7% | | | 11.4% |
Earnings from continuing ops | -646.4 | 511.0 | 444.5 | 339.8 | -848.0 | 1,034.1 | 233.5 | 650.3 |
Earnings from discontinued ops | | 0.0 | -16.3 | 118.6 | | | 443.4 | |
Net income | -646.4 | 511.0 | 428.2 | 458.4 | -848.0 | 1,034.1 | 676.9 | 650.3 |
Net margin | -40.0% | 22.9% | 18.7% | 19.3% | -39.5% | 60.0% | 38.5% | 25.6% |
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Diluted EPS | ($6.57) | $5.27 | $3.74 | $2.07 | ($4.20) | $5.55 | $1.23 | $3.22 |
Shares outstanding (diluted) | 98.4 | 96.9 | 118.8 | 164.0 | 201.9 | 186.4 | 189.5 | 201.7 |
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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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