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 | 6,967.0 | 6,913.8 | 5,446.6 | 4,892.0 | 4,792.0 | 4,279.8 | 3,516.3 | 3,278.8 |
Revenue growth | 0.8% | 26.9% | 11.3% | 2.1% | 12.0% | 21.7% | 7.2% | 24.4% |
Cost of goods sold | 4,704.7 | 4,457.4 | 3,744.1 | 3,604.6 | 3,429.1 | 3,038.9 | 2,522.6 | 2,379.8 |
Gross profit | 2,262.3 | 2,456.3 | 1,702.5 | 1,287.4 | 1,362.9 | 1,240.9 | 993.7 | 899.0 |
Gross margin | 32.5% | 35.5% | 31.3% | 26.3% | 28.4% | 29.0% | 28.3% | 27.4% |
Selling, general and administrative | 1,607.0 | 1,573.6 | 1,156.1 | 1,141.6 | 1,069.4 | 853.2 | 691.9 | 634.9 |
EBITA | 586.9 | 806.8 | 494.5 | 91.7 | 251.2 | 358.3 | 276.9 | 240.8 |
EBITA margin | 8.4% | 11.7% | 9.1% | 1.9% | 5.2% | 8.4% | 7.9% | 7.3% |
Amortization of intangibles | 13.5 | 4.8 | 4.6 | 5.2 | 4.5 | 2.6 | 1.0 | 0.8 |
EBIT | 573.4 | 802.0 | 489.9 | 86.5 | 246.7 | 355.7 | 275.9 | 240.0 |
EBIT margin | 8.2% | 11.6% | 9.0% | 1.8% | 5.1% | 8.3% | 7.8% | 7.3% |
Pre-tax income | 450.1 | 734.2 | 402.0 | -90.7 | 96.4 | 385.6 | 204.3 | 175.6 |
Income taxes | 99.1 | 92.1 | 57.7 | 29.6 | 30.8 | 154.9 | 5.8 | 1.4 |
Tax rate | 22.0% | 12.5% | 14.4% | | 31.9% | 40.2% | 2.8% | 0.8% |
Net income | 136.9 | 278.5 | 122.3 | -60.6 | 10.4 | 29.9 | 188.9 | 174.3 |
Net margin | 2.0% | 4.0% | 2.2% | -1.2% | 0.2% | 0.7% | 5.4% | 5.3% |
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Diluted EPS | $3.20 | $3.10 | $3.06 | ($1.62) | $0.12 | $1.12 | $2.26 | |
Shares outstanding (diluted) | 42.9 | 89.8 | 40.0 | 37.4 | 88.9 | 26.6 | 83.6 | |
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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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