Financial Summary (All financials)
In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 |
Revenues | 3,447.2 | 3,653.7 | 3,718.7 | 2,122.3 | 2,231.6 | 2,270.3 | 2,270.3 | 2,261.1 |
Revenue growth | -7.3% | 72.2% | | -4.9% | -1.7% | 0.4% | | 0.1% |
Cost of goods sold | 1,273.0 | 2,590.7 | 1,776.6 | 1,107.4 | 1,278.7 | 1,367.1 | 1,780.7 | 1,356.3 |
Gross profit | 2,174.2 | 1,063.0 | 1,942.1 | 1,014.9 | 952.9 | 903.2 | 489.6 | 904.8 |
Gross margin | 63.1% | 29.1% | 52.2% | 47.8% | 42.7% | 39.8% | 21.6% | 40.0% |
Selling, general and administrative | 1,063.8 | | 981.9 | | | | 0.0 | |
General and administrative | | 102.8 | | 101.4 | 93.6 | 92.0 | 0.0 | 89.4 |
EBIT | 649.5 | 714.0 | 374.4 | -145.8 | 618.2 | 642.4 | 642.4 | 663.1 |
EBIT margin | 18.8% | 19.5% | 10.1% | -6.9% | 27.7% | 28.3% | 28.3% | 29.3% |
Pre-tax income | 789.3 | 878.5 | 878.5 | -301.1 | 463.4 | 497.7 | 497.7 | 569.7 |
Income taxes | 123.6 | 141.2 | 141.2 | -127.4 | 29.8 | 72.2 | 72.2 | -49.3 |
Tax rate | 15.7% | 16.1% | 16.1% | 42.3% | 6.4% | 14.5% | 14.5% | |
Net income | 665.7 | 737.3 | 737.3 | -173.7 | 433.6 | 425.5 | 425.5 | 619.0 |
Net margin | 19.3% | 20.2% | 19.8% | -8.2% | 19.4% | 18.7% | 18.7% | 27.4% |
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Diluted EPS | $3.32 | $3.68 | $3.68 | ($0.87) | $2.16 | $2.12 | $2.12 | $3.10 |
Shares outstanding (diluted) | 200.8 | 200.3 | 200.3 | 200.1 | 200.7 | 200.5 | 200.5 | 200.0 |
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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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