Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 3,837.2 | 3,858.4 | 4,514.5 | 5,979.8 | 5,781.3 | 6,059.5 | 5,808.2 | 4,856.0 |
Revenue growth | -0.5% | -14.5% | -24.5% | 3.4% | -4.6% | 4.3% | 19.6% | 10.9% |
Cost of goods sold | 3,411.1 | 3,451.3 | 4,082.1 | 5,586.6 | 5,176.3 | 5,434.6 | 5,213.9 | 4,316.1 |
Gross profit | 426.1 | 407.1 | 432.4 | 393.2 | 605.0 | 624.9 | 594.3 | 539.9 |
Gross margin | 11.1% | 10.6% | 9.6% | 6.6% | 10.5% | 10.3% | 10.2% | 11.1% |
Selling, general and administrative | 416.8 | 408.9 | 412.3 | 450.7 | 429.2 | 425.5 | 379.7 | 332.1 |
EBITA | 14.1 | 7.7 | 32.2 | -42.1 | 187.4 | 212.6 | 229.9 | 223.8 |
EBITA margin | 0.4% | 0.2% | 0.7% | -0.7% | 3.2% | 3.5% | 4.0% | 4.6% |
Amortization of intangibles | 4.8 | 8.6 | 11.6 | 14.0 | 9.9 | 11.5 | 12.4 | 14.6 |
EBIT | 9.3 | -0.9 | 20.6 | -56.1 | 177.5 | 201.1 | 217.5 | 209.2 |
EBIT margin | 0.2% | 0.0% | 0.5% | -0.9% | 3.1% | 3.3% | 3.7% | 4.3% |
Pre-tax income | -38.9 | -98.1 | -151.1 | -636.1 | -6.9 | 86.9 | 91.4 | 108.1 |
Income taxes | 15.8 | -3.7 | -14.8 | -8.3 | -30.5 | -78.6 | -38.6 | -45.9 |
Tax rate | | 3.8% | 9.8% | 1.3% | 442.0% | | | |
Earnings from continuing ops | -56.6 | -93.8 | -121.9 | -627.6 | -43.7 | 4.0 | 54.5 | 56.2 |
Earnings from discontinued ops | | | | | 25.6 | | | |
Net income | -56.6 | -93.8 | -121.9 | -627.6 | -18.1 | 4.0 | 54.5 | 56.2 |
Net margin | -1.5% | -2.4% | -2.7% | -10.5% | -0.3% | 0.1% | 0.9% | 1.2% |
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Diluted EPS | ($1.13) | ($1.89) | ($2.49) | ($12.86) | ($0.88) | $0.08 | $1.01 | $1.06 |
Shares outstanding (diluted) | 50.1 | 49.6 | 48.9 | 48.8 | 49.4 | 51.1 | 53.7 | 53.1 |
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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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