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 | 1,795.8 | 1,931.0 | 2,273.3 | 2,300.3 | 2,205.2 | 2,033.9 | 1,843.2 | 1,609.7 |
Revenue growth | -7.0% | -15.1% | -1.2% | 4.3% | 8.4% | 10.3% | 14.5% | 30.8% |
Cost of goods sold | 1,136.9 | 1,155.0 | 1,420.4 | 1,409.4 | 1,431.4 | 1,325.3 | 1,163.7 | 1,043.5 |
Gross profit | 659.0 | 776.1 | 852.9 | 890.9 | 773.8 | 708.6 | 679.5 | 566.2 |
Gross margin | 36.7% | 40.2% | 37.5% | 38.7% | 35.1% | 34.8% | 36.9% | 35.2% |
General and administrative | 63.3 | 75.1 | 69.1 | 76.7 | 65.2 | 62.7 | 55.0 | 54.2 |
EBITA | 351.0 | 384.6 | 425.6 | 526.0 | 420.2 | 377.1 | 407.9 | 349.2 |
EBITA margin | 19.5% | 19.9% | 18.7% | 22.9% | 19.1% | 18.5% | 22.1% | 21.7% |
Amortization of intangibles | 10.5 | 18.1 | 15.1 | 3.0 | 3.0 | 2.6 | 1.4 | 1.1 |
EBIT | 340.5 | 366.5 | 410.5 | 523.0 | 417.2 | 374.5 | 406.5 | 348.1 |
EBIT margin | 19.0% | 19.0% | 18.1% | 22.7% | 18.9% | 18.4% | 22.1% | 21.6% |
Pre-tax income | 302.5 | 336.6 | 304.2 | 492.7 | 393.0 | 330.1 | 385.9 | 319.0 |
Income taxes | 0.2 | 0.0 | 0.0 | 208.3 | 1.4 | -1.1 | -0.4 | 1.7 |
Tax rate | 0.1% | 0.0% | 0.0% | 42.3% | 0.4% | | | 0.5% |
Net income | 186.0 | 185.9 | 211.3 | 284.4 | 233.9 | 196.1 | 214.1 | 174.3 |
Net margin | 10.4% | 9.6% | 9.3% | 12.4% | 10.6% | 9.6% | 11.6% | 10.8% |
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Diluted EPS | $3.11 | $3.11 | $3.53 | $4.75 | $3.91 | | | |
Shares outstanding (diluted) | 59.9 | 59.9 | 59.9 | 59.9 | 59.9 | | | |
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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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