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 | 2,923.4 | 2,711.3 | 3,063.1 | 2,244.0 | 2,941.3 | 2,904.6 | 4,112.7 | 3,391.2 |
| Revenue growth | 7.8% | -11.5% | 36.5% | -23.7% | 1.3% | -29.4% | 21.3% | 2.5% |
| Cost of goods sold | 2,193.4 | 2,030.7 | 2,513.9 | 1,851.9 | 2,392.4 | 2,266.1 | 2,979.9 | 2,566.2 |
| Gross profit | 730.0 | 680.7 | 549.2 | 392.2 | 548.9 | 638.4 | 1,132.8 | 824.9 |
| Gross margin | 25.0% | 25.1% | 17.9% | 17.5% | 18.7% | 22.0% | 27.5% | 24.3% |
| Selling, general and administrative | 170.3 | 222.9 | 205.5 | 176.9 | 202.7 | 262.0 | 255.2 | 253.8 |
| Research and development | 99.1 | 93.7 | 96.6 | 84.5 | 88.6 | 124.8 | 130.6 | 144.0 |
| EBITA | 597.7 | 332.2 | 211.1 | 84.6 | 227.6 | 405.0 | 631.8 | 428.1 |
| EBITA margin | 20.4% | 12.3% | 6.9% | 3.8% | 7.7% | 13.9% | 15.4% | 12.6% |
| Amortization of intangibles | 10.9 | 10.8 | 10.2 | 9.9 | 8.3 | 10.1 | 9.2 | 1.2 |
| EBIT | 586.8 | 321.4 | 200.9 | 74.7 | 219.3 | 394.9 | 622.6 | 426.9 |
| EBIT margin | 20.1% | 11.9% | 6.6% | 3.3% | 7.5% | 13.6% | 15.1% | 12.6% |
| Pre-tax income | 572.2 | 293.2 | -120.1 | 113.1 | 202.1 | -537.3 | 733.3 | 432.1 |
| Income taxes | 103.5 | -107.3 | -5.5 | 3.4 | 372.0 | 23.2 | 32.3 | 31.2 |
| Tax rate | 18.1% | | 4.6% | 3.0% | 184.1% | | 4.4% | 7.2% |
| Net income | 468.7 | 398.4 | -114.9 | 144.3 | -165.6 | -416.1 | 593.4 | 396.0 |
| Net margin | 16.0% | 14.7% | -3.8% | 6.4% | -5.6% | -14.3% | 14.4% | 11.7% |
| |
| Diluted EPS | $4.38 | $3.73 | ($1.09) | $1.36 | ($1.59) | ($4.05) | $5.83 | $3.90 |
| Shares outstanding (diluted) | 106.9 | 106.7 | 105.3 | 106.1 | 104.3 | 102.9 | 101.8 | 101.6 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|