Financial Summary (All financials)
| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| Revenues | 6,781.0 | 7,738.0 | 8,228.0 | 8,352.0 | 8,896.0 | 5,576.0 | 4,772.0 | 4,762.0 |
| Revenue growth | -12.4% | -6.0% | -1.5% | -6.1% | 59.5% | 16.8% | 0.2% | -5.0% |
| Cost of goods sold | 975.0 | 1,247.0 | 1,441.0 | 1,597.0 | 1,470.0 | 640.0 | 465.0 | 431.0 |
| Gross profit | 5,806.0 | 6,491.0 | 6,787.0 | 6,755.0 | 7,426.0 | 4,936.0 | 4,307.0 | 4,331.0 |
| Gross margin | 85.6% | 83.9% | 82.5% | 80.9% | 83.5% | 88.5% | 90.3% | 90.9% |
| Selling, general and administrative | 5,221.0 | 11,733.0 | 6,343.0 | 2,017.0 | 2,081.0 | 1,346.0 | 1,086.0 | 1,057.0 |
| EBITA | -137.0 | -4,797.0 | -168.0 | 2,071.0 | 2,081.0 | 1,320.0 | 1,280.0 | 1,335.0 |
| EBITA margin | -2.0% | -62.0% | -2.0% | 24.8% | 23.4% | 23.7% | 26.8% | 28.0% |
| Amortization of intangibles | 343.0 | 445.0 | 569.0 | 699.0 | 643.0 | 337.0 | 304.0 | 329.0 |
| EBIT | -480.0 | -5,242.0 | -737.0 | 1,372.0 | 1,438.0 | 983.0 | 976.0 | 1,006.0 |
| EBIT margin | -7.1% | -67.7% | -9.0% | 16.4% | 16.2% | 17.6% | 20.5% | 21.1% |
| Pre-tax income | -486.0 | -6,522.0 | -705.0 | -3,187.0 | -623.0 | -361.0 | 163.0 | 163.0 |
| Income taxes | -84.0 | -611.0 | -62.0 | -1,383.0 | -250.0 | -165.0 | 30.0 | 48.0 |
| Tax rate | 17.3% | 9.4% | 8.8% | 43.4% | 40.1% | 45.7% | 18.4% | 29.4% |
| Net income | -402.0 | -5,911.0 | -643.0 | -1,804.0 | -373.0 | -316.0 | 133.0 | 113.0 |
| Net margin | -5.9% | -76.4% | -7.8% | -21.6% | -4.2% | -5.7% | 2.8% | 2.4% |
| |
| Diluted EPS | ($3.85) | ($56.80) | ($7.17) | ($23.21) | ($4.81) | ($4.37) | $0.13 | $0.11 |
| Shares outstanding (diluted) | 104.5 | 104.1 | 89.7 | 77.7 | 77.6 | 72.3 | 998.2 | 994.0 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|