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 | 2,304.5 | 2,499.0 | 1,435.4 | 1,842.4 | 1,700.8 | 1,596.5 | 1,350.0 | 1,200.2 |
Revenue growth | -7.8% | 74.1% | -22.1% | 8.3% | 6.5% | 18.3% | 12.5% | |
Cost of goods sold | 1,693.1 | 2,185.2 | 1,278.1 | 1,534.8 | 1,386.6 | 1,060.9 | 907.0 | 816.3 |
Gross profit | 611.4 | 313.8 | 157.3 | 307.6 | 314.2 | 535.5 | 443.0 | 384.0 |
Gross margin | 26.5% | 12.6% | 11.0% | 16.7% | 18.5% | 33.5% | 32.8% | 32.0% |
Selling, general and administrative | | | | | | | | 162.3 |
General and administrative | 534.8 | 553.6 | 294.4 | 361.9 | 331.8 | 219.2 | 185.3 | |
EBITA | 207.4 | 1,267.1 | 190.7 | 253.1 | 338.2 | 210.9 | 193.2 | -11.2 |
EBITA margin | 9.0% | 50.7% | 13.3% | 13.7% | 19.9% | 13.2% | 14.3% | -0.9% |
Amortization of intangibles | 14.3 | 8.9 | 6.7 | 6.9 | 5.6 | 11.1 | 25.8 | |
EBIT | 193.1 | 1,258.2 | 184.0 | 246.2 | 332.6 | 199.8 | 167.4 | -11.2 |
EBIT margin | 8.4% | 50.3% | 12.8% | 13.4% | 19.6% | 12.5% | 12.4% | -0.9% |
Pre-tax income | 154.6 | 1,221.1 | 146.3 | 214.1 | 282.4 | 202.6 | 171.2 | -9.4 |
Income taxes | 42.1 | 243.0 | 37.0 | 52.4 | 90.5 | 57.5 | 4.0 | -6.6 |
Tax rate | 27.2% | 19.9% | 25.3% | 24.5% | 32.0% | 28.4% | 2.3% | 70.9% |
Net income | 110.4 | 744.5 | 70.3 | 108.2 | 105.6 | 117.2 | 168.4 | 0.0 |
Net margin | 4.8% | 29.8% | 4.9% | 5.9% | 6.2% | 7.3% | 12.5% | 0.0% |
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Diluted EPS | $0.45 | $3.80 | $0.39 | $0.58 | $0.64 | $0.85 | | ($2,803.00) |
Shares outstanding (diluted) | 245.2 | 195.8 | 179.7 | 185.0 | 163.8 | 138.4 | | 0.0 |
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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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