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 | 1,474.6 | 1,270.8 | 1,186.1 | 868.5 | 449.8 | 899.9 | 117.2 | 210.1 |
Revenue growth | 16.0% | 7.1% | 36.6% | 93.1% | -50.0% | 667.8% | -44.2% | -58.4% |
Cost of goods sold | 1,162.8 | 1,021.1 | 987.8 | 770.6 | 416.3 | 199.7 | 169.0 | 182.1 |
Gross profit | 311.8 | 249.7 | 198.3 | 97.9 | 33.5 | 700.2 | -51.8 | 28.0 |
Gross margin | 21.1% | 19.6% | 16.7% | 11.3% | 7.4% | 77.8% | -44.2% | 13.3% |
Selling, general and administrative | 120.0 | 102.4 | 104.4 | 97.9 | 56.3 | 74.1 | 75.0 | 69.9 |
EBITA | 168.6 | 98.1 | 57.7 | -30.4 | -27.5 | 310.6 | -126.7 | -41.9 |
EBITA margin | 11.4% | 7.7% | 4.9% | -3.5% | -6.1% | 34.5% | -108.1% | -19.9% |
Amortization of intangibles | 22.9 | 18.1 | | | | | | |
EBIT | 145.7 | 80.0 | 57.7 | -30.4 | -27.5 | 310.6 | -126.7 | -41.9 |
EBIT margin | 9.9% | 6.3% | 4.9% | -3.5% | -6.1% | 34.5% | -108.1% | -19.9% |
Pre-tax income | 126.8 | 118.4 | 9.8 | -56.7 | -27.3 | 298.2 | -135.8 | -128.4 |
Income taxes | 29.6 | 1.3 | -2.2 | -11.4 | 31.5 | 121.1 | -51.6 | -48.7 |
Tax rate | 23.3% | 1.1% | | 20.1% | | 40.6% | 38.0% | 38.0% |
Net income | -495.1 | 57.0 | -8.7 | -64.4 | -76.5 | 65.4 | -84.3 | -79.6 |
Net margin | -33.6% | 4.5% | -0.7% | -7.4% | -17.0% | 7.3% | -71.9% | -37.9% |
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Diluted EPS | ($1.86) | $0.33 | ($0.08) | ($0.60) | ($0.75) | $0.65 | ($0.87) | ($0.83) |
Shares outstanding (diluted) | 266.2 | 174.6 | 111.5 | 108.2 | 102.1 | 100.2 | 96.8 | 95.8 |
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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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