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 | 2,078.7 | 1,904.3 | 2,419.6 | 2,564.5 | 2,693.7 | 2,334.0 | 1,914.3 | 1,941.0 |
Revenue growth | 9.2% | -21.3% | -5.7% | -4.8% | 15.4% | 21.9% | -1.4% | 29.9% |
Cost of goods sold | 849.1 | 860.5 | 1,052.2 | 1,117.0 | 1,152.3 | 917.1 | 667.8 | 668.3 |
Gross profit | 1,229.6 | 1,043.8 | 1,367.4 | 1,447.5 | 1,541.4 | 1,416.9 | 1,246.5 | 1,272.7 |
Gross margin | 59.2% | 54.8% | 56.5% | 56.4% | 57.2% | 60.7% | 65.1% | 65.6% |
Selling, general and administrative | 1,099.1 | 1,071.8 | 1,316.6 | 1,460.5 | 1,468.1 | 1,161.0 | 1,002.5 | 1,009.5 |
EBITA | 163.7 | 1.7 | 113.8 | 10.1 | 116.5 | 283.4 | 266.4 | 284.5 |
EBITA margin | 7.9% | 0.1% | 4.7% | 0.4% | 4.3% | 12.1% | 13.9% | 14.7% |
Amortization of intangibles | 34.4 | 34.2 | 40.3 | 57.1 | 43.2 | 27.5 | 22.4 | 21.3 |
EBIT | 129.3 | -32.5 | 73.5 | -47.0 | 73.3 | 255.9 | 244.0 | 263.2 |
EBIT margin | 6.2% | -1.7% | 3.0% | -1.8% | 2.7% | 11.0% | 12.7% | 13.6% |
Pre-tax income | -200.7 | -460.2 | -165.0 | -291.9 | -163.5 | 8.5 | 110.7 | 117.4 |
Income taxes | 6.2 | 158.8 | 0.2 | 2.2 | 21.8 | 25.5 | 51.4 | 77.8 |
Tax rate | | | | | | 300.0% | 46.4% | 66.3% |
Earnings from continuing ops | -206.9 | -619.0 | -165.2 | -294.1 | -185.3 | -17.0 | 59.3 | 39.6 |
Earnings from discontinued ops | | | 0.0 | | | | | |
Net income | -206.9 | -619.0 | -157.7 | -294.2 | -183.2 | -21.9 | 56.1 | 40.9 |
Net margin | -10.0% | -32.5% | -6.5% | -11.5% | -6.8% | -0.9% | 2.9% | 2.1% |
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Diluted EPS | ($3.84) | ($11.59) | ($3.11) | ($5.57) | ($3.52) | ($0.32) | $1.13 | $0.76 |
Shares outstanding (diluted) | 53.9 | 53.4 | 53.1 | 52.8 | 52.6 | 52.5 | 52.6 | 52.4 |
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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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