Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 5,958.9 | 5,450.5 | 4,613.8 | 4,020.2 | 2,697.9 | 1,668.2 | 1,203.8 | 1,002.5 |
Revenue growth | 9.3% | 18.1% | 14.8% | 49.0% | 61.7% | 38.6% | 20.1% | 35.4% |
Cost of goods sold | 3,468.4 | 2,673.9 | 2,356.6 | 383.1 | 247.2 | 155.4 | 119.2 | 97.9 |
Gross profit | 2,490.5 | 2,776.5 | 2,257.2 | 3,637.1 | 2,450.7 | 1,512.7 | 1,084.6 | 904.5 |
Gross margin | 41.8% | 50.9% | 48.9% | 90.5% | 90.8% | 90.7% | 90.1% | 90.2% |
Selling, general and administrative | | | | | | | | |
General and administrative | 2,238.5 | 1,698.5 | 1,325.1 | 897.9 | 574.7 | 377.9 | 321.1 | 326.9 |
EBITA | -197.4 | 578.5 | 503.7 | 433.2 | 375.9 | 238.2 | 151.7 | 209.3 |
EBITA margin | -3.3% | 10.6% | 10.9% | 10.8% | 13.9% | 14.3% | 12.6% | 20.9% |
Amortization of intangibles | 85.1 | 65.4 | 46.5 | 33.5 | 31.7 | 17.2 | 9.9 | 14.3 |
EBIT | -282.6 | 513.1 | 457.2 | 399.7 | 344.2 | 221.1 | 141.9 | 195.0 |
EBIT margin | -4.7% | 9.4% | 9.9% | 9.9% | 12.8% | 13.3% | 11.8% | 19.5% |
Pre-tax income | -507.7 | 500.1 | 471.2 | 415.3 | 367.0 | 196.9 | 171.3 | 171.4 |
Income taxes | -99.4 | 85.3 | 38.9 | 28.4 | 98.0 | 21.3 | -15.0 | 47.1 |
Tax rate | 19.6% | 17.1% | 8.3% | 6.8% | 26.7% | 10.8% | | 27.5% |
Net income | -415.2 | 363.1 | 419.1 | 402.9 | 278.2 | 178.0 | 170.4 | 142.5 |
Net margin | -7.0% | 6.7% | 9.1% | 10.0% | 10.3% | 10.7% | 14.2% | 14.2% |
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Diluted EPS | ($2.23) | $2.08 | $2.49 | $2.53 | $1.78 | $2.35 | $2.29 | $2.14 |
Shares outstanding (diluted) | 186.0 | 174.5 | 168.4 | 159.0 | 156.0 | 75.6 | 74.4 | 66.4 |
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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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