Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 2,537.8 | 2,083.9 | 1,711.7 | 1,557.7 | 1,443.2 | 1,418.4 |
Revenue growth | 21.8% | 21.7% | 9.9% | 7.9% | 1.7% | |
Cost of goods sold | 472.2 | 387.5 | 326.6 | 296.5 | 259.6 | 248.4 |
Gross profit | 2,065.6 | 1,696.4 | 1,385.1 | 1,261.2 | 1,183.6 | 1,170.0 |
Gross margin | 81.4% | 81.4% | 80.9% | 81.0% | 82.0% | 82.5% |
General and administrative | 303.6 | 221.4 | 177.9 | 170.2 | 164.8 | 160.6 |
EBITA | 325.7 | 311.3 | 244.0 | 189.0 | 174.9 | 185.4 |
EBITA margin | 12.8% | 14.9% | 14.3% | 12.1% | 12.1% | 13.1% |
Amortization of intangibles | 20.3 | 14.3 | 10.1 | 6.7 | 4.8 | 5.5 |
EBIT | 305.4 | 297.0 | 233.9 | 182.4 | 170.1 | 180.0 |
EBIT margin | 12.0% | 14.3% | 13.7% | 11.7% | 11.8% | 12.7% |
Pre-tax income | 255.2 | 189.6 | 175.9 | 76.2 | 87.8 | 106.8 |
Income taxes | 28.8 | -84.8 | 9.4 | 12.3 | 8.5 | 20.3 |
Tax rate | 11.3% | | 5.4% | 16.2% | 9.7% | 19.0% |
Earnings from continuing ops | 261.9 | 390.5 | 207.8 | 21.9 | 64.1 | 79.8 |
Earnings from discontinued ops | -0.1 | -0.8 | -9.4 | -9.3 | -4.9 | -3.0 |
Net income | 261.8 | 389.7 | 198.5 | 12.6 | 59.3 | 76.8 |
Net margin | 10.3% | 18.7% | 11.6% | 0.8% | 4.1% | 5.4% |
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Diluted EPS | $6.37 | $9.59 | $5.20 | $691.56 | $2.11 | $2,719.02 |
Shares outstanding (diluted) | 41.1 | 40.7 | 40.0 | 0.0 | 30.3 | 0.0 |
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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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