Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 6,401.7 | 5,905.0 | 3,578.7 | 5,301.4 | 3,587.9 | 3,148.0 | 3,034.4 | 2,838.4 |
Revenue growth | 8.4% | 65.0% | -32.5% | 47.8% | 14.0% | 3.7% | 6.9% | 9.6% |
Cost of goods sold | 3,631.6 | 3,148.0 | 1,868.0 | 2,954.5 | 2,031.0 | 1,902.7 | 1,757.8 | 1,271.7 |
Gross profit | 2,770.1 | 2,757.0 | 1,710.7 | 2,346.9 | 1,556.9 | 1,245.3 | 1,276.5 | 1,566.7 |
Gross margin | 43.3% | 46.7% | 47.8% | 44.3% | 43.4% | 39.6% | 42.1% | 55.2% |
General and administrative | 1,110.4 | 1,352.9 | 1,130.8 | 1,187.7 | 618.9 | 514.5 | 462.3 | 449.4 |
EBITA | 1,173.2 | 1,116.0 | 249.9 | 794.1 | 663.4 | 508.4 | 567.4 | 482.8 |
EBITA margin | 18.3% | 18.9% | 7.0% | 15.0% | 18.5% | 16.1% | 18.7% | 17.0% |
Amortization of intangibles | 56.7 | 19.6 | 21.7 | 24.7 | 17.1 | 18.9 | 9.3 | 0.5 |
EBIT | 1,116.5 | 1,096.4 | 228.2 | 769.4 | 646.3 | 489.5 | 558.1 | 482.3 |
EBIT margin | 17.4% | 18.6% | 6.4% | 14.5% | 18.0% | 15.5% | 18.4% | 17.0% |
Pre-tax income | 175.3 | 539.1 | -834.2 | 86.1 | 89.9 | -25.1 | 120.6 | 56.6 |
Income taxes | -46.4 | 118.6 | -165.1 | 43.0 | -3.6 | -498.5 | 11.3 | 55.9 |
Tax rate | | 22.0% | 19.8% | 49.9% | | 1986.1% | 9.4% | 98.8% |
Net income | 222.1 | 420.8 | -669.5 | 43.9 | 93.5 | 473.4 | 109.3 | 0.7 |
Net margin | 3.5% | 7.1% | -18.7% | 0.8% | 2.6% | 15.0% | 3.6% | 0.0% |
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Diluted EPS | $1.26 | $2.40 | ($5.00) | $0.37 | $0.93 | $5.07 | $1.20 | $0.01 |
Shares outstanding (diluted) | 176.6 | 175.5 | 134.0 | 117.8 | 100.3 | 93.4 | 91.4 | 90.9 |
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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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