Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 3,742.7 | 4,071.3 | 4,409.3 | 4,200.7 | 3,901.3 | 3,677.0 | 3,141.6 | 2,826.5 |
Revenue growth | -8.1% | -7.7% | 5.0% | 7.7% | 6.1% | 17.0% | 11.1% | -1.9% |
Cost of goods sold | 1,341.0 | 1,455.3 | 1,700.6 | 1,528.5 | 1,503.8 | 1,362.3 | 1,149.6 | 974.7 |
Gross profit | 2,401.7 | 2,616.0 | 2,708.7 | 2,672.2 | 2,397.5 | 2,314.7 | 1,992.0 | 1,851.8 |
Gross margin | 64.2% | 64.3% | 61.4% | 63.6% | 61.5% | 63.0% | 63.4% | 65.5% |
Sales and marketing | 627.0 | 641.8 | 638.7 | 645.1 | 552.8 | 501.7 | 438.7 | 401.9 |
Research and development | 97.4 | 108.4 | 115.1 | 100.2 | 100.1 | 92.5 | 78.5 | 71.9 |
General and administrative | 766.5 | 890.6 | 978.9 | 903.5 | 904.5 | 926.8 | 762.7 | 665.3 |
EBITA | 833.0 | 951.6 | 1,004.0 | 994.3 | 854.7 | 792.2 | 693.0 | 688.2 |
EBITA margin | 22.3% | 23.4% | 22.8% | 23.7% | 21.9% | 21.5% | 22.1% | 24.3% |
Amortization of intangibles | 14.3 | 15.4 | 15.7 | 19.4 | 21.1 | 18.1 | 10.1 | 8.6 |
EBIT | 818.7 | 936.2 | 988.3 | 974.9 | 833.6 | 774.1 | 682.9 | 679.6 |
EBIT margin | 21.9% | 23.0% | 22.4% | 23.2% | 21.4% | 21.1% | 21.7% | 24.0% |
Pre-tax income | 713.3 | 871.2 | 928.0 | 924.3 | 770.3 | 721.9 | 634.3 | 587.0 |
Income taxes | 164.0 | 215.9 | 199.2 | 235.1 | 182.0 | 202.9 | 176.1 | 176.4 |
Tax rate | 23.0% | 24.8% | 21.5% | 25.4% | 23.6% | 28.1% | 27.8% | 30.1% |
Net income | 544.9 | 653.5 | 719.8 | 683.8 | 580.4 | 508.5 | 452.7 | 399.6 |
Net margin | 14.6% | 16.1% | 16.3% | 16.3% | 14.9% | 13.8% | 14.4% | 14.1% |
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Diluted EPS | $2.93 | $3.28 | $3.55 | $3.37 | $2.84 | $2.48 | $2.21 | $1.99 |
Shares outstanding (diluted) | 185.8 | 199.4 | 202.7 | 203.1 | 204.3 | 205.0 | 205.1 | 200.7 |
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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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