Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-29-17 | Dec-30-16 |
Revenues | 3,660.8 | 3,918.9 | 3,954.8 | 3,560.5 | 3,017.0 | 3,039.2 |
Revenue growth | -6.6% | -0.9% | 11.1% | 18.0% | -0.7% | |
Cost of goods sold | 2,808.0 | 3,042.1 | 3,123.1 | 2,795.0 | 2,400.1 | 2,918.7 |
Gross profit | 852.8 | 876.9 | 831.8 | 765.5 | 616.9 | 120.5 |
Gross margin | 23.3% | 22.4% | 21.0% | 21.5% | 20.4% | 4.0% |
Selling, general and administrative | 757.2 | 729.1 | 781.4 | | | 85.1 |
General and administrative | | | | 597.4 | 506.3 | |
EBITA | 272.5 | 295.7 | 222.1 | 279.3 | 196.4 | 156.0 |
EBITA margin | 7.4% | 7.5% | 5.6% | 7.8% | 6.5% | 5.1% |
Amortization of intangibles | 103.2 | 87.8 | 88.3 | 37.4 | 5.6 | |
EBIT | 169.3 | 207.9 | 133.8 | 241.9 | 190.8 | 156.0 |
EBIT margin | 4.6% | 5.3% | 3.4% | 6.8% | 6.3% | 5.1% |
Pre-tax income | 112.6 | 161.4 | 67.2 | 259.8 | 133.0 | 12.0 |
Income taxes | 23.6 | 42.5 | -69.9 | 20.4 | 21.5 | 14.0 |
Tax rate | 21.0% | 26.3% | | 7.8% | 16.1% | 116.5% |
Net income | 64.1 | 98.5 | 120.5 | 222.3 | 97.3 | -13.1 |
Net margin | 1.8% | 2.5% | 3.0% | 6.2% | 3.2% | -0.4% |
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Diluted EPS | $0.57 | $0.97 | $1.30 | $2.78 | $1.16 | ($0.45) |
Shares outstanding (diluted) | 112.1 | 101.2 | 92.8 | 80.0 | 83.6 | 29.5 |
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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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