Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 3,315.7 | 3,077.3 | 2,789.3 | 2,300.9 | 1,748.2 | 1,216.6 | 906.1 | 782.7 |
Revenue growth | 7.7% | 10.3% | 21.2% | 31.6% | 43.7% | 34.3% | 15.8% | 23.7% |
Cost of goods sold | 2,664.6 | 2,493.9 | 2,217.2 | 1,551.5 | 1,186.9 | 866.1 | 628.6 | 565.2 |
Gross profit | 651.1 | 583.4 | 572.2 | 749.4 | 561.2 | 350.5 | 277.5 | 217.5 |
Gross margin | 19.6% | 19.0% | 20.5% | 32.6% | 32.1% | 28.8% | 30.6% | 27.8% |
Selling, general and administrative | 265.1 | 224.1 | 210.8 | 137.0 | 110.6 | 70.1 | 41.3 | 31.1 |
EBITA | 239.3 | 204.1 | 224.5 | 313.6 | 219.9 | 109.6 | 106.7 | 68.7 |
EBITA margin | 7.2% | 6.6% | 8.0% | 13.6% | 12.6% | 9.0% | 11.8% | 8.8% |
Amortization of intangibles | 30.9 | 32.9 | 25.3 | 13.7 | | | | |
EBIT | 208.4 | 171.2 | 199.2 | 299.9 | 219.9 | 109.6 | 106.7 | 68.7 |
EBIT margin | 6.3% | 5.6% | 7.1% | 13.0% | 12.6% | 9.0% | 11.8% | 8.8% |
Pre-tax income | 148.3 | 128.2 | 161.6 | 260.6 | 195.0 | 97.5 | 100.3 | 62.6 |
Income taxes | -95.2 | 41.9 | 55.2 | 88.7 | 67.7 | 35.0 | -23.6 | -2.4 |
Tax rate | | 32.7% | 34.2% | 34.0% | 34.7% | 35.9% | | |
Net income | 243.5 | 86.3 | 106.4 | 171.9 | 127.3 | 62.5 | 124.0 | 65.0 |
Net margin | 7.3% | 2.8% | 3.8% | 7.5% | 7.3% | 5.1% | 13.7% | 8.3% |
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Diluted EPS | $2.47 | $0.88 | $1.09 | $1.76 | $1.32 | $0.65 | $1.31 | $1.38 |
Shares outstanding (diluted) | 98.6 | 97.8 | 97.6 | 97.5 | 96.7 | 95.5 | 95.0 | 47.0 |
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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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