Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 3,905.2 | 3,902.3 | 4,408.7 | 4,578.6 | 4,609.3 | 3,316.3 | 2,419.3 | 2,734.8 |
Revenue growth | 0.1% | -11.5% | -3.7% | -0.7% | 39.0% | 37.1% | -11.5% | 5.9% |
Cost of goods sold | 2,886.3 | 2,891.1 | 3,370.5 | 3,706.1 | 3,609.5 | 2,604.6 | 1,767.3 | 2,008.6 |
Gross profit | 1,018.9 | 1,011.2 | 1,038.2 | 872.5 | 999.8 | 711.7 | 652.0 | 726.2 |
Gross margin | 26.1% | 25.9% | 23.5% | 19.1% | 21.7% | 21.5% | 26.9% | 26.6% |
Selling, general and administrative | 775.6 | 858.6 | 908.8 | 893.5 | 933.7 | 761.2 | 488.2 | 478.4 |
Research and development | -126.3 | -133.4 | -147.1 | 157.4 | 155.5 | 110.2 | 86.9 | 93.6 |
EBIT | 138.7 | 32.2 | 4.6 | -165.3 | -83.1 | -159.9 | 78.1 | 154.2 |
EBIT margin | 3.6% | 0.8% | 0.1% | -3.6% | -1.8% | -4.8% | 3.2% | 5.6% |
Pre-tax income | -50.7 | -269.5 | -228.9 | -478.3 | -191.9 | -248.7 | 45.8 | 154.7 |
Income taxes | 27.7 | -1.0 | 116.7 | 37.2 | 28.3 | -69.0 | -13.7 | 47.4 |
Tax rate | | 0.4% | | | | 27.7% | | 30.6% |
Earnings from continuing ops | -78.8 | -269.1 | -341.3 | -531.4 | -241.5 | -364.6 | 57.8 | 104.7 |
Earnings from discontinued ops | | | | | | 143.7 | 15.9 | 9.7 |
Net income | -78.8 | -269.1 | -341.3 | -531.4 | -241.5 | -220.9 | 73.7 | 114.4 |
Net margin | -2.0% | -6.9% | -7.7% | -11.6% | -5.2% | -6.7% | 3.0% | 4.2% |
|
Diluted EPS | ($1.01) | ($3.47) | ($4.45) | ($6.99) | ($3.20) | ($5.28) | $0.88 | $1.61 |
Shares outstanding (diluted) | 78.3 | 77.6 | 76.7 | 76.0 | 75.5 | 69.1 | 65.6 | 65.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|