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 | 4,132.9 | 3,513.2 | 3,789.9 | 3,580.8 | 3,003.8 | 2,669.8 | 2,872.3 | 3,076.2 |
Revenue growth | 17.6% | -7.3% | 5.8% | 19.2% | 12.5% | -7.1% | -6.6% | 1.3% |
Cost of goods sold | 3,030.4 | 2,503.3 | 2,648.1 | 2,540.7 | 2,191.7 | 1,963.5 | 2,052.8 | 2,178.2 |
Gross profit | 1,102.5 | 1,009.9 | 1,141.8 | 1,040.1 | 812.1 | 706.3 | 819.5 | 898.0 |
Gross margin | 26.7% | 28.7% | 30.1% | 29.0% | 27.0% | 26.5% | 28.5% | 29.2% |
Selling, general and administrative | 580.5 | 533.8 | 618.6 | 580.7 | 508.3 | 440.2 | 457.7 | 542.5 |
EBITA | 585.4 | 553.5 | 587.3 | 511.1 | 343.8 | 302.3 | 292.8 | 460.5 |
EBITA margin | 14.2% | 15.8% | 15.5% | 14.3% | 11.4% | 11.3% | 10.2% | 15.0% |
Amortization of intangibles | 54.5 | 56.2 | 57.3 | 46.8 | 40.0 | 36.2 | 36.2 | 21.5 |
EBIT | 530.9 | 497.3 | 530.0 | 464.3 | 303.8 | 266.1 | 256.6 | 439.0 |
EBIT margin | 12.8% | 14.2% | 14.0% | 13.0% | 10.1% | 10.0% | 8.9% | 14.3% |
Pre-tax income | 476.6 | 396.3 | 472.4 | 408.1 | 259.9 | 285.0 | 413.1 | 332.7 |
Income taxes | 95.1 | 103.9 | 97.7 | 102.6 | 57.6 | 60.5 | 26.3 | 54.7 |
Tax rate | 20.0% | 26.2% | 20.7% | 25.1% | 22.2% | 21.2% | 6.4% | 16.4% |
Net income | 369.1 | 284.5 | 362.1 | 302.8 | 203.4 | 140.8 | 188.6 | 170.8 |
Net margin | 8.9% | 8.1% | 9.6% | 8.5% | 6.8% | 5.3% | 6.6% | 5.6% |
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Diluted EPS | $4.79 | $3.72 | $4.71 | $3.87 | $2.58 | $1.78 | $2.21 | $1.87 |
Shares outstanding (diluted) | 77.0 | 76.4 | 76.9 | 78.3 | 78.9 | 79.2 | 85.3 | 91.2 |
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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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