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 | 2,713.5 | 2,127.1 | 2,972.0 | 3,221.7 | 3,122.6 | 3,063.7 | 3,095.6 | 3,237.4 |
Revenue growth | 27.6% | -28.4% | -7.8% | 3.2% | 1.9% | -1.0% | -4.4% | -1.8% |
Cost of goods sold | 1,911.5 | 1,506.8 | 1,635.2 | 3,948.9 | 3,926.5 | 4,441.8 | 2,200.0 | 2,439.5 |
Gross profit | 802.0 | 620.3 | 1,336.8 | -727.2 | -803.9 | -1,378.1 | 895.6 | 797.9 |
Gross margin | 29.6% | 29.2% | 45.0% | -22.6% | -25.7% | -45.0% | 28.9% | 24.6% |
Selling, general and administrative | 2,437.6 | 2,018.3 | 2,459.7 | 607.4 | 543.5 | 796.1 | 578.4 | 259.6 |
EBIT | 191.3 | 108.8 | 490.4 | 474.3 | 388.2 | -638.3 | 234.5 | -49.9 |
EBIT margin | 7.0% | 5.1% | 16.5% | 14.7% | 12.4% | -20.8% | 7.6% | -1.5% |
Pre-tax income | 150.6 | -7.3 | 446.3 | 366.3 | 288.2 | -248.8 | 194.3 | -16.3 |
Income taxes | 38.7 | 1.2 | 106.2 | 85.9 | -140.7 | -87.2 | 76.5 | 7.8 |
Tax rate | 25.7% | | 23.8% | 23.5% | | 35.1% | 39.4% | |
Net income | 111.9 | -8.5 | 340.1 | 280.4 | 428.9 | -161.6 | 117.8 | -24.2 |
Net margin | 4.1% | -0.4% | 11.4% | 8.7% | 13.7% | -5.3% | 3.8% | -0.7% |
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Diluted EPS | $2.20 | ($0.17) | $6.62 | $5.30 | $8.08 | ($3.14) | $2.27 | ($0.47) |
Shares outstanding (diluted) | 50.8 | 50.2 | 51.4 | 52.9 | 53.1 | 51.5 | 51.8 | 51.2 |
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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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