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 | 3,064.7 | 3,058.8 | 4,416.5 | 4,557.9 | 3,091.0 | 1,387.1 | 4,293.8 | 4,858.5 |
Revenue growth | 0.2% | -30.7% | -3.1% | 47.5% | 122.8% | -67.7% | -11.6% | 30.6% |
Cost of goods sold | 1,942.2 | 1,710.7 | 1,752.8 | 1,697.0 | 1,164.8 | 880.2 | 345.1 | 256.7 |
Gross profit | 1,122.5 | 1,348.1 | 2,663.7 | 2,860.9 | 1,926.2 | 506.9 | 3,948.7 | 4,601.7 |
Gross margin | 36.6% | 44.1% | 60.3% | 62.8% | 62.3% | 36.5% | 92.0% | 94.7% |
Selling, general and administrative | 196.3 | 174.8 | 170.6 | 232.5 | 209.0 | 218.9 | 249.9 | 238.1 |
EBITA | -1,382.1 | -716.2 | 37.5 | 535.0 | 393.2 | -755.0 | 685.6 | 853.4 |
EBITA margin | -45.1% | -23.4% | 0.8% | 11.7% | 12.7% | -54.4% | 16.0% | 17.6% |
Amortization of intangibles | | 26.0 | 35.9 | 77.4 | 10.9 | | | |
EBIT | -1,382.1 | -742.2 | 1.6 | 457.7 | 382.2 | -755.0 | 685.6 | 853.4 |
EBIT margin | -45.1% | -24.3% | 0.0% | 10.0% | 12.4% | -54.4% | 16.0% | 17.6% |
Pre-tax income | -1,588.7 | -1,266.0 | -1,597.5 | -3,077.4 | 198.6 | -894.3 | 426.6 | 723.7 |
Income taxes | -434.2 | -298.9 | -375.8 | -696.5 | -1,188.4 | -362.8 | 104.7 | 214.1 |
Tax rate | 27.3% | 23.6% | 23.5% | 22.6% | | 40.6% | 24.5% | 29.6% |
Earnings from continuing ops | -1,155.8 | -967.2 | -1,221.7 | -4,761.8 | 1,037.4 | -1,384.9 | 85.2 | 385.6 |
Earnings from discontinued ops | | | | 373.8 | 471.1 | 400.4 | | 1.4 |
Net income | -1,155.8 | -967.2 | -1,221.7 | -4,388.1 | 1,508.5 | -984.5 | 85.2 | 387.0 |
Net margin | -37.7% | -31.6% | -27.7% | -96.3% | 48.8% | -71.0% | 2.0% | 8.0% |
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Diluted EPS | ($3.58) | ($3.71) | ($4.79) | ($18.25) | $5.53 | ($8.29) | $0.56 | $2.53 |
Shares outstanding (diluted) | 323.2 | 260.6 | 255.1 | 260.9 | 187.7 | 167.0 | 152.9 | 152.5 |
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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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