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 | 8,918.5 | 7,761.1 | 12,191.7 | 11,869.3 | 10,182.2 | 11,322.6 | 8,675.9 | 6,474.5 |
Revenue growth | 14.9% | -36.3% | 2.7% | 16.6% | -10.1% | 30.5% | 34.0% | -16.1% |
Cost of goods sold | 6,496.1 | 5,641.1 | 10,088.5 | 10,222.2 | 8,540.3 | 9,745.2 | 7,531.0 | 5,355.2 |
Gross profit | 2,422.3 | 2,120.0 | 2,103.1 | 1,647.1 | 1,641.8 | 1,577.4 | 1,144.9 | 1,119.3 |
Gross margin | 27.2% | 27.3% | 17.3% | 13.9% | 16.1% | 13.9% | 13.2% | 17.3% |
Selling, general and administrative | | | | 56.9 | 49.5 | 44.9 | 173.7 | 164.1 |
General and administrative | 88.0 | 83.1 | 70.6 | | | | | |
EBITA | 1,457.8 | 1,212.8 | 1,271.4 | 1,031.8 | 1,100.4 | 1,073.5 | 714.5 | 627.0 |
EBITA margin | 16.3% | 15.6% | 10.4% | 8.7% | 10.8% | 9.5% | 8.2% | 9.7% |
Amortization of intangibles | 11.9 | 11.9 | 11.8 | 8.7 | 7.7 | 7.7 | 7.7 | 7.7 |
EBIT | 1,445.9 | 1,200.9 | 1,259.6 | 1,023.1 | 1,092.7 | 1,065.8 | 706.8 | 619.3 |
EBIT margin | 16.2% | 15.5% | 10.3% | 8.6% | 10.7% | 9.4% | 8.1% | 9.6% |
Pre-tax income | 1,086.2 | 602.0 | 924.0 | 814.8 | 898.5 | 843.5 | 488.4 | 447.7 |
Income taxes | 13.9 | 4.1 | 12.7 | 10.9 | 10.1 | 12.6 | 15.1 | 13.0 |
Tax rate | 1.3% | 0.7% | 1.4% | 1.3% | 1.1% | 1.5% | 3.1% | 2.9% |
Net income | 643.3 | 195.0 | 566.1 | 528.1 | 660.1 | 682.5 | 354.5 | 337.9 |
Net margin | 7.2% | 2.5% | 4.6% | 4.4% | 6.5% | 6.0% | 4.1% | 5.2% |
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Diluted EPS | $2.25 | $0.73 | $2.33 | $2.35 | $3.04 | $3.35 | $1.75 | $1.80 |
Shares outstanding (diluted) | 285.8 | 267.3 | 243.3 | 224.7 | 217.1 | 203.8 | 202.7 | 187.6 |
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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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