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 | 2,687.8 | 1,469.4 | 888.0 | 1,415.8 | 1,475.1 | 1,513.8 | 1,385.8 | 1,326.3 |
Revenue growth | 82.9% | 65.5% | -37.3% | -4.0% | -2.6% | 9.2% | 4.5% | 8.4% |
Cost of goods sold | 1,673.6 | 906.9 | 571.6 | 961.1 | 991.2 | 1,023.5 | 936.1 | 879.7 |
Gross profit | 1,014.2 | 562.5 | 316.4 | 454.7 | 483.9 | 490.3 | 449.7 | 446.5 |
Gross margin | 37.7% | 38.3% | 35.6% | 32.1% | 32.8% | 32.4% | 32.4% | 33.7% |
General and administrative | 601.5 | 424.0 | 191.7 | 328.3 | 349.1 | 310.5 | 306.3 | 322.2 |
EBITA | 281.3 | 60.7 | 83.8 | 94.6 | 80.8 | 158.1 | 87.5 | 106.5 |
EBITA margin | 10.5% | 4.1% | 9.4% | 6.7% | 5.5% | 10.4% | 6.3% | 8.0% |
Amortization of intangibles | | | | | | 19.6 | 24.2 | 33.4 |
EBIT | 281.3 | 60.7 | 83.8 | 94.6 | 80.8 | 138.5 | 63.3 | 73.2 |
EBIT margin | 10.5% | 4.1% | 9.4% | 6.7% | 5.5% | 9.1% | 4.6% | 5.5% |
Pre-tax income | 73.5 | 59.6 | 77.3 | 20.9 | -88.7 | 87.1 | -49.7 | -17.4 |
Income taxes | 7.6 | 23.4 | 5.9 | 10.3 | 29.6 | -168.1 | -9.4 | 3.8 |
Tax rate | 10.3% | 39.3% | 7.7% | 49.4% | | | 18.9% | |
Earnings from continuing ops | 27.3 | 21.0 | 56.4 | -5.3 | -130.0 | 241.8 | -45.8 | -29.2 |
Earnings from discontinued ops | | | | | | | | -6.3 |
Net income | 27.3 | 21.0 | 56.4 | -5.3 | -130.0 | 241.8 | -45.8 | -35.5 |
Net margin | 1.0% | 1.4% | 6.3% | -0.4% | -8.8% | 16.0% | -3.3% | -2.7% |
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Diluted EPS | $0.09 | $0.23 | $0.78 | ($0.08) | ($2.27) | $4.36 | ($0.89) | ($0.58) |
Shares outstanding (diluted) | 296.6 | 90.4 | 72.5 | 69.1 | 57.2 | 55.5 | 51.3 | 49.9 |
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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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