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 | 4,742.1 | 4,606.0 | 5,121.3 | 4,700.5 | 4,316.6 | 4,281.2 | 3,859.8 | 3,343.5 |
Revenue growth | 3.0% | -10.1% | 9.0% | 8.9% | 0.8% | 10.9% | 15.4% | 16.1% |
Cost of goods sold | 2,774.6 | 2,597.8 | 2,690.0 | 2,433.0 | 2,083.9 | 0.0 | 0.0 | 0.0 |
Gross profit | 1,967.6 | 2,008.1 | 2,431.3 | 2,267.5 | 2,232.7 | 4,281.2 | 3,859.8 | 3,343.5 |
Gross margin | 41.5% | 43.6% | 47.5% | 48.2% | 51.7% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 126.7 | 128.4 | 126.5 | 126.4 | 122.0 | 155.2 | 147.4 | 142.9 |
EBITA | 232.9 | 140.6 | 556.3 | 652.9 | 386.9 | 781.0 | 1,492.1 | 1,098.4 |
EBITA margin | 4.9% | 3.1% | 10.9% | 13.9% | 9.0% | 18.2% | 38.7% | 32.9% |
Amortization of intangibles | 19.1 | 13.2 | 16.8 | 17.0 | | 8.8 | 5.0 | 7.0 |
EBIT | 213.7 | 127.3 | 539.5 | 635.9 | 386.9 | 772.2 | 1,487.1 | 1,091.5 |
EBIT margin | 4.5% | 2.8% | 10.5% | 13.5% | 9.0% | 18.0% | 38.5% | 32.6% |
Pre-tax income | 170.8 | -31.6 | 542.9 | 423.5 | 299.6 | 709.3 | 636.1 | 384.2 |
Income taxes | -8.7 | -10.0 | -3.0 | -8.7 | -20.1 | 19.1 | 6.5 | 1.3 |
Tax rate | | 31.6% | | | | 2.7% | 1.0% | 0.3% |
Earnings from continuing ops | 336.1 | 978.8 | 1,232.4 | 758.3 | 463.6 | 1,012.4 | 818.3 | 439.6 |
Earnings from discontinued ops | | | | | | | | 7.1 |
Net income | 336.1 | 978.8 | 1,232.4 | 758.3 | 463.6 | 1,012.4 | 818.3 | 446.7 |
Net margin | 7.1% | 21.3% | 24.1% | 16.1% | 10.7% | 23.6% | 21.2% | 13.4% |
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Diluted EPS | $0.79 | $2.35 | $3.05 | $2.02 | $1.26 | $2.81 | $2.34 | $1.43 |
Shares outstanding (diluted) | 426.8 | 417.4 | 403.8 | 375.3 | 369.0 | 360.2 | 349.4 | 307.7 |
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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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