Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 7,263.1 | 7,273.6 | 6,014.4 | 5,300.9 | 4,428.7 | 4,016.2 | 3,544.6 | 3,262.4 |
Revenue growth | -0.1% | 20.9% | 13.5% | 19.7% | 10.3% | 13.3% | 8.7% | 10.1% |
Cost of goods sold | 2,577.4 | 2,624.7 | 2,061.4 | 1,786.3 | 1,478.0 | 1,323.7 | 2,516.6 | 2,318.5 |
Gross profit | 4,685.7 | 4,648.9 | 3,953.0 | 3,514.6 | 2,950.7 | 2,692.5 | 1,028.0 | 943.9 |
Gross margin | 64.5% | 63.9% | 65.7% | 66.3% | 66.6% | 67.0% | 29.0% | 28.9% |
Selling, general and administrative | 3,056.4 | 3,047.4 | 2,496.9 | | | | | |
General and administrative | | | | 223.4 | 182.1 | 173.6 | 136.4 | 120.6 |
EBITA | 306.9 | 336.2 | 381.7 | 473.2 | 395.1 | 405.7 | 420.5 | 368.9 |
EBITA margin | 4.2% | 4.6% | 6.3% | 8.9% | 8.9% | 10.1% | 11.9% | 11.3% |
Amortization of intangibles | 9.0 | 12.1 | 14.5 | 17.6 | 22.5 | 25.6 | 23.4 | 19.7 |
EBIT | 297.9 | 324.1 | 367.2 | 455.6 | 372.6 | 380.1 | 397.1 | 349.2 |
EBIT margin | 4.1% | 4.5% | 6.1% | 8.6% | 8.4% | 9.5% | 11.2% | 10.7% |
Pre-tax income | 159.8 | 204.8 | 302.5 | 203.0 | 211.5 | 244.1 | 263.3 | 241.1 |
Income taxes | 46.9 | 73.0 | 109.5 | 68.1 | 79.3 | 88.5 | 97.8 | 82.4 |
Tax rate | 29.3% | 35.6% | 36.2% | 33.5% | 37.5% | 36.3% | 37.1% | 34.2% |
Earnings from continuing ops | 102.4 | 121.9 | 181.9 | 143.7 | 127.8 | 7.4 | 168.3 | 320.5 |
Earnings from discontinued ops | | | | | 0.4 | 151.9 | 0.2 | -0.1 |
Net income | 102.4 | 121.9 | 181.9 | 143.7 | 128.2 | 159.3 | 168.5 | 320.4 |
Net margin | 1.4% | 1.7% | 3.0% | 2.7% | 2.9% | 4.0% | 4.8% | 9.8% |
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Diluted EPS | $2.51 | $2.82 | $3.95 | $3.06 | $2.68 | $0.15 | $3.33 | $5.99 |
Shares outstanding (diluted) | 40.8 | 43.2 | 46.1 | 46.9 | 47.6 | 48.4 | 50.5 | 53.5 |
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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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