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 | Mar-31-16 |
Revenues | 4,815.1 | 4,814.8 | 3,782.4 | 3,867.0 | 3,705.7 | 3,590.0 | 2,723.8 | 2,389.6 |
Revenue growth | 0.0% | 27.3% | -2.2% | 4.4% | 3.2% | 31.8% | 123.8% | 36.3% |
Cost of goods sold | 3,191.1 | 3,117.8 | 2,401.7 | 2,383.1 | 2,318.5 | 1,540.9 | 1,145.8 | 1,907.1 |
Gross profit | 1,624.0 | 1,697.0 | 1,380.7 | 1,483.9 | 1,387.2 | 2,049.1 | 1,578.0 | 482.5 |
Gross margin | 33.7% | 35.2% | 36.5% | 38.4% | 37.4% | 57.1% | 57.9% | 20.2% |
Selling, general and administrative | | | | | | 1,809.4 | 1,388.2 | 468.3 |
Sales and marketing | 226.0 | 229.4 | 168.1 | 172.6 | 166.7 | | | |
General and administrative | 597.7 | 575.1 | 483.6 | 500.4 | 475.3 | 388.0 | 345.0 | |
EBITA | 898.3 | 925.3 | 651.0 | 776.0 | 805.9 | 742.7 | 605.1 | 482.5 |
EBITA margin | 18.7% | 19.2% | 17.2% | 20.1% | 21.7% | 20.7% | 22.2% | 20.2% |
Amortization of intangibles | 185.0 | 193.0 | 189.0 | 182.0 | 189.0 | 198.0 | 136.0 | |
EBIT | 713.3 | 732.3 | 462.0 | 594.0 | 616.9 | 544.7 | 469.1 | 482.5 |
EBIT margin | 14.8% | 15.2% | 12.2% | 15.4% | 16.6% | 15.2% | 17.2% | 20.2% |
Pre-tax income | -115.4 | -314.5 | -838.2 | -308.6 | -584.7 | -651.2 | -98.1 | 177.1 |
Income taxes | 86.5 | 173.3 | -29.2 | -100.2 | 51.1 | 147.5 | 305.9 | 51.5 |
Tax rate | | | 3.5% | 32.5% | | | | 29.1% |
Net income | -175.6 | -437.8 | -687.3 | -106.1 | -345.2 | -778.1 | -432.3 | 125.6 |
Net margin | -3.6% | -9.1% | -18.2% | -2.7% | -9.3% | -21.7% | -15.9% | 5.3% |
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Diluted EPS | ($0.79) | ($1.88) | ($3.52) | ($0.58) | ($1.96) | ($4.53) | ($3.44) | |
Shares outstanding (diluted) | 222.6 | 232.6 | 195.5 | 184.4 | 176.0 | 171.9 | 125.6 | |
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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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