Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,105.9 | 993.2 | 973.8 | 947.9 | 780.9 | 730.5 | 792.2 | 1,046.9 |
Revenue growth | 11.3% | 2.0% | 2.7% | 21.4% | 6.9% | -7.8% | -24.3% | 8.1% |
Cost of goods sold | 245.4 | 225.9 | 205.1 | 196.7 | 171.9 | 173.3 | 189.1 | 251.3 |
Gross profit | 860.6 | 767.3 | 768.7 | 751.2 | 609.0 | 557.3 | 603.0 | 795.6 |
Gross margin | 77.8% | 77.3% | 78.9% | 79.2% | 78.0% | 76.3% | 76.1% | 76.0% |
General and administrative | 69.6 | 62.4 | 60.9 | 56.2 | 54.9 | 55.4 | 58.6 | 49.4 |
EBITA | 1,581.3 | 570.6 | 781.0 | 686.6 | -823.8 | 646.1 | 278.6 | 678.3 |
EBITA margin | 143.0% | 57.4% | 80.2% | 72.4% | -105.5% | 88.4% | 35.2% | 64.8% |
Amortization of intangibles | 20.4 | 19.5 | 22.0 | 25.0 | 27.2 | 33.7 | 38.7 | 55.4 |
EBIT | 1,560.9 | 551.1 | 759.0 | 661.6 | -851.0 | 612.4 | 239.9 | 622.9 |
EBIT margin | 141.1% | 55.5% | 77.9% | 69.8% | -109.0% | 83.8% | 30.3% | 59.5% |
Pre-tax income | 880.2 | 297.5 | 440.9 | 392.2 | 290.2 | 297.8 | 184.3 | 214.7 |
Income taxes | 18.5 | -5.1 | 8.7 | 8.8 | -0.4 | -0.6 | -3.9 | -0.8 |
Tax rate | 2.1% | | 2.0% | 2.3% | | | | |
Earnings from continuing ops | 852.9 | 299.8 | 428.5 | 379.8 | 270.7 | 295.3 | 181.7 | 174.0 |
Earnings from discontinued ops | | 0.1 | 0.4 | 3.9 | 1,363.7 | 16.9 | 433.6 | 30.9 |
Net income | 852.9 | 299.9 | 429.0 | 383.7 | 1,634.4 | 312.1 | 615.3 | 204.9 |
Net margin | 77.1% | 30.2% | 44.1% | 40.5% | 209.3% | 42.7% | 77.7% | 19.6% |
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Diluted EPS | $2.22 | $0.80 | $1.17 | $1.05 | $0.75 | $0.83 | $0.52 | $0.51 |
Shares outstanding (diluted) | 383.5 | 374.2 | 367.3 | 363.3 | 362.0 | 357.1 | 352.2 | 340.4 |
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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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