Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 1,595.4 | 1,842.9 | 1,295.1 | 982.7 |
Revenue growth | -13.4% | 42.3% | 31.8% | |
Cost of goods sold | 1,319.2 | 1,380.8 | 928.7 | 752.7 |
Gross profit | 276.3 | 462.2 | 366.5 | 230.0 |
Gross margin | 17.3% | 25.1% | 28.3% | 23.4% |
Selling, general and administrative | 153.6 | 145.6 | 99.1 | 83.8 |
EBITA | -197.4 | 149.8 | 165.6 | 39.3 |
EBITA margin | -12.4% | 8.1% | 12.8% | 4.0% |
Amortization of intangibles | 21.4 | 24.7 | 2.9 | 2.5 |
EBIT | -218.8 | 125.1 | 162.7 | 36.8 |
EBIT margin | -13.7% | 6.8% | 12.6% | 3.7% |
Pre-tax income | -1,534.1 | -279.0 | 122.1 | -31.1 |
Income taxes | -244.1 | 4.0 | -8.8 | -25.3 |
Tax rate | 15.9% | | | 81.4% |
Earnings from continuing ops | -1,290.0 | -295.6 | 107.6 | -15.2 |
Earnings from discontinued ops | | 12.6 | 23.3 | 9.4 |
Net income | -1,290.0 | -283.0 | 130.9 | -5.8 |
Net margin | -80.9% | -15.4% | 10.1% | -0.6% |
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Diluted EPS | ($9.81) | ($2.35) | $0.90 | ($0.13) |
Shares outstanding (diluted) | 131.5 | 125.5 | 119.6 | 119.6 |
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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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