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 | 1,950.0 | 2,533.0 | 2,455.0 | 2,269.0 | 1,965.0 | 1,754.0 | 1,746.0 | 197.7 |
Revenue growth | -23.0% | 3.2% | 8.2% | 15.5% | 12.0% | 0.5% | 783.2% | 10.5% |
Cost of goods sold | 543.0 | 483.0 | 432.0 | 443.0 | 389.0 | 336.0 | 322.0 | 40.3 |
Gross profit | 1,407.0 | 2,050.0 | 2,023.0 | 1,826.0 | 1,576.0 | 1,418.0 | 1,424.0 | 157.4 |
Gross margin | 72.2% | 80.9% | 82.4% | 80.5% | 80.2% | 80.8% | 81.6% | 79.6% |
Selling, general and administrative | | | | | 127.0 | 105.0 | 101.0 | 7.7 |
General and administrative | 197.0 | 169.0 | 137.0 | 155.0 | | | | |
EBITA | 882.0 | 1,364.0 | 1,450.0 | 1,013.0 | 891.0 | 990.0 | 980.0 | 162.8 |
EBITA margin | 45.2% | 53.8% | 59.1% | 44.6% | 45.3% | 56.4% | 56.1% | 82.3% |
Amortization of intangibles | 12.0 | 9.0 | 10.0 | 10.0 | 7.0 | 7.0 | 8.0 | |
EBIT | 870.0 | 1,355.0 | 1,440.0 | 1,003.0 | 884.0 | 983.0 | 972.0 | 162.8 |
EBIT margin | 44.6% | 53.5% | 58.7% | 44.2% | 45.0% | 56.0% | 55.7% | 82.3% |
Pre-tax income | 722.0 | 1,257.0 | 1,277.0 | 1,062.0 | 738.0 | 605.0 | 586.0 | 147.5 |
Income taxes | 19.0 | 18.0 | 12.0 | 35.0 | -348.0 | 10.0 | 1.0 | -0.4 |
Tax rate | 2.6% | 1.4% | 0.9% | 3.3% | | 1.7% | 0.2% | |
Net income | 240.0 | 850.0 | 976.0 | 817.0 | 586.0 | 543.0 | 541.0 | 137.3 |
Net margin | 12.3% | 33.6% | 39.8% | 36.0% | 29.8% | 31.0% | 31.0% | 69.4% |
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Diluted EPS | $0.77 | $2.84 | $3.30 | $2.84 | $4.25 | $5.60 | $5.82 | $1.70 |
Shares outstanding (diluted) | 310.0 | 299.0 | 296.0 | 288.0 | 138.0 | 97.0 | 93.0 | 81.0 |
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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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