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 | 12,806.0 | 10,199.0 | 10,681.0 | 17,279.0 | 15,381.0 | 14,619.0 | 7,623.2 | 2,356.6 |
Revenue growth | 25.6% | -4.5% | -38.2% | 12.3% | 5.2% | 91.8% | 223.5% | 235.6% |
Cost of goods sold | 10,392.0 | 8,291.0 | 8,585.0 | 14,738.0 | 13,138.0 | 12,503.0 | 6,538.4 | 1,975.0 |
Gross profit | 2,414.0 | 1,908.0 | 2,096.0 | 2,541.0 | 2,243.0 | 2,116.0 | 1,084.8 | 381.6 |
Gross margin | 18.9% | 18.7% | 19.6% | 14.7% | 14.6% | 14.5% | 14.2% | 16.2% |
Selling, general and administrative | 1,322.0 | 1,210.0 | 1,068.0 | 1,837.0 | 1,661.0 | | | |
General and administrative | | | | | | 1,652.0 | 1,113.4 | 422.5 |
EBITA | 702.0 | 315.0 | 657.0 | 863.0 | 746.0 | 638.0 | 132.2 | 21.6 |
EBITA margin | 5.5% | 3.1% | 6.2% | 5.0% | 4.9% | 4.4% | 1.7% | 0.9% |
Amortization of intangibles | 86.0 | 87.0 | 96.0 | 159.0 | 164.0 | 174.0 | 160.8 | 62.5 |
EBIT | 616.0 | 228.0 | 561.0 | 704.0 | 582.0 | 464.0 | -28.6 | -40.9 |
EBIT margin | 4.8% | 2.2% | 5.3% | 4.1% | 3.8% | 3.2% | -0.4% | -1.7% |
Pre-tax income | 410.0 | -35.0 | 301.0 | 566.0 | 261.0 | 107.0 | -282.5 | -89.7 |
Income taxes | 87.0 | -22.0 | 60.0 | 122.0 | -99.0 | 22.0 | -90.9 | -26.1 |
Tax rate | 21.2% | 62.9% | 19.9% | 21.6% | | 20.6% | 32.2% | 29.1% |
Net income | 336.0 | 79.0 | 379.0 | 390.0 | 312.0 | 63.0 | -245.9 | -107.4 |
Net margin | 2.6% | 0.8% | 3.5% | 2.3% | 2.0% | 0.4% | -3.2% | -4.6% |
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Diluted EPS | $2.95 | $0.86 | $3.58 | $2.89 | $2.44 | $0.51 | ($2.65) | ($2.00) |
Shares outstanding (diluted) | 114.0 | 92.0 | 106.0 | 135.0 | 128.0 | 123.0 | 92.8 | 53.6 |
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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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