Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 6,359.4 | 6,818.2 | 6,080.5 | 5,882.5 | 6,692.9 | 6,505.7 | 5,570.4 | 5,933.7 |
Revenue growth | -6.7% | 12.1% | 3.4% | -12.1% | 2.9% | 16.8% | -6.1% | -8.3% |
Cost of goods sold | 5,606.3 | 5,911.0 | 5,253.1 | 15,299.1 | 6,032.0 | 6,007.7 | 5,107.8 | 5,539.1 |
Gross profit | 753.1 | 907.2 | 827.4 | -9,416.6 | 660.9 | 498.0 | 462.6 | 394.6 |
Gross margin | 11.8% | 13.3% | 13.6% | -160.1% | 9.9% | 7.7% | 8.3% | 6.7% |
Selling, general and administrative | 295.2 | 322.6 | 284.9 | 279.1 | 261.9 | 247.2 | 205.3 | 208.7 |
EBITA | 219.0 | 373.4 | 339.8 | 236.0 | 107.9 | 159.8 | 154.9 | -111.1 |
EBITA margin | 3.4% | 5.5% | 5.6% | 4.0% | 1.6% | 2.5% | 2.8% | -1.9% |
Amortization of intangibles | 9.7 | 9.0 | 4.0 | 18.4 | 21.2 | 20.4 | 19.1 | 17.0 |
EBIT | 209.3 | 364.4 | 335.8 | 217.6 | 86.7 | 139.4 | 135.8 | -128.1 |
EBIT margin | 3.3% | 5.3% | 5.5% | 3.7% | 1.3% | 2.1% | 2.4% | -2.2% |
Pre-tax income | 69.2 | 237.9 | 162.7 | 32.3 | -382.8 | -26.4 | 7.0 | -208.6 |
Income taxes | 6.2 | -6.2 | -2.2 | -16.9 | 63.4 | 7.7 | -10.4 | 790.0 |
Tax rate | 9.0% | | | | | | | |
Net income | 11.2 | 186.0 | 103.5 | -16.8 | -509.0 | -96.9 | -46.8 | -1,027.3 |
Net margin | 0.2% | 2.7% | 1.7% | -0.3% | -7.6% | -1.5% | -0.8% | -17.3% |
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Diluted EPS | $0.04 | $0.59 | $0.32 | ($0.07) | ($2.87) | ($0.65) | ($0.34) | ($9.09) |
Shares outstanding (diluted) | 316.6 | 315.6 | 319.7 | 230.0 | 177.2 | 148.1 | 135.8 | 113.0 |
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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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