Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 4,254.0 | 4,475.5 | 4,865.5 | 5,070.8 | 4,625.1 | 5,033.2 | 5,382.6 | 5,524.3 |
Revenue growth | -12.6% | -11.7% | 5.2% | | -8.1% | -6.5% | -2.6% | 1.9% |
Cost of goods sold | 2,626.4 | 2,626.4 | 2,896.4 | 2,896.4 | 2,826.5 | 3,086.5 | 3,300.8 | 3,353.0 |
Gross profit | 1,627.6 | 1,849.1 | 1,969.1 | 2,174.4 | 1,798.6 | 1,946.7 | 2,081.8 | 2,171.3 |
Gross margin | 38.3% | 41.3% | 40.5% | 42.9% | 38.9% | 38.7% | 38.7% | 39.3% |
Selling, general and administrative | 964.2 | 964.2 | 1,051.3 | 1,051.3 | 1,041.2 | 1,271.6 | 1,167.0 | 1,231.5 |
EBITA | 1,274.3 | 1,026.0 | 1,171.9 | 1,281.7 | 1,131.6 | 1,636.7 | 1,309.9 | 1,125.6 |
EBITA margin | 30.0% | 22.9% | 24.1% | 25.3% | 24.5% | 32.5% | 24.3% | 20.4% |
Amortization of intangibles | 141.1 | 141.1 | 158.6 | 158.6 | 164.3 | 178.1 | 187.8 | 185.8 |
EBIT | 1,133.2 | 884.9 | 1,013.3 | 1,123.1 | 967.3 | 1,458.6 | 1,122.1 | 939.8 |
EBIT margin | 26.6% | 19.8% | 20.8% | 22.1% | 20.9% | 29.0% | 20.8% | 17.0% |
Pre-tax income | 1,008.6 | 1,008.6 | 935.4 | 935.4 | 855.1 | 1,321.4 | 991.4 | 347.5 |
Income taxes | 98.0 | 98.0 | 129.6 | 129.6 | 110.8 | 263.1 | 139.5 | 904.6 |
Tax rate | 9.7% | 9.7% | 13.9% | 13.9% | 13.0% | 19.9% | 14.1% | 260.3% |
Net income | 910.6 | 910.6 | 805.8 | 805.8 | 744.3 | 1,058.3 | 851.9 | -557.1 |
Net margin | 21.4% | 20.3% | 16.6% | 15.9% | 16.1% | 21.0% | 15.8% | -10.1% |
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Diluted EPS | $2.34 | $2.34 | $1.97 | $1.97 | $1.79 | $2.46 | $1.87 | ($1.19) |
Shares outstanding (diluted) | 388.4 | 388.4 | 408.9 | 408.9 | 415.2 | 430.9 | 454.4 | 467.9 |
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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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