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-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 3,756.8 | 3,763.7 | 2,095.9 | 6,611.1 | 6,717.7 | 6,717.7 | 6,070.2 | 4,345.8 |
Revenue growth | -0.2% | 79.6% | -68.3% | -1.6% | 10.7% | | 39.7% | 6.6% |
Cost of goods sold | 2,314.1 | 2,638.8 | 1,875.0 | 4,109.2 | 4,153.1 | 1,365.8 | 3,750.1 | 2,474.4 |
Gross profit | 1,442.7 | 1,124.8 | 220.8 | 2,501.9 | 2,564.6 | 5,351.8 | 2,320.1 | 1,871.4 |
Gross margin | 38.4% | 29.9% | 10.5% | 37.8% | 38.2% | 79.7% | 38.2% | 43.1% |
Selling, general and administrative | 830.5 | 796.6 | 720.8 | 896.7 | 761.4 | | 685.5 | 548.1 |
General and administrative | | | | | | 761.4 | | |
EBIT | -100.7 | -394.5 | -1,232.0 | 878.3 | 1,199.1 | 1,199.1 | 1,055.6 | 521.7 |
EBIT margin | -2.7% | -10.5% | -58.8% | 13.3% | 17.8% | 17.8% | 17.4% | 12.0% |
Pre-tax income | -700.0 | -1,011.5 | -1,762.3 | 488.2 | 305.7 | 305.7 | 560.3 | 310.6 |
Income taxes | 9.3 | 0.5 | 564.7 | 176.8 | -497.3 | -497.3 | -329.0 | 8.1 |
Tax rate | | | | 36.2% | | | | 2.6% |
Net income | -423.9 | -755.8 | -2,067.2 | 123.0 | 572.4 | 803.1 | 747.2 | 242.0 |
Net margin | -11.3% | -20.1% | -98.6% | 1.9% | 8.5% | 12.0% | 12.3% | 5.6% |
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Diluted EPS | ($3.73) | ($6.64) | ($19.37) | $1.15 | $5.35 | $7.50 | $7.28 | $2.38 |
Shares outstanding (diluted) | 113.6 | 113.8 | 106.7 | 107.0 | 107.0 | 107.0 | 102.6 | 101.9 |
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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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