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 | 27,253.4 | 15,115.9 | 24,508.2 | 27,186.1 | 21,786.6 | 15,920.4 | 13,123.9 | 19,828.2 |
| Revenue growth | 80.3% | -38.3% | -9.9% | 24.8% | 36.8% | 21.3% | -33.8% | 3.5% |
| Cost of goods sold | 26,366.2 | 16,745.6 | 23,595.1 | 26,583.5 | 20,826.0 | 15,237.4 | 12,573.9 | 18,797.4 |
| Gross profit | 887.2 | -1,629.7 | 913.1 | 602.6 | 960.6 | 683.0 | 550.1 | 1,030.8 |
| Gross margin | 3.3% | -10.8% | 3.7% | 2.2% | 4.4% | 4.3% | 4.2% | 5.2% |
| General and administrative | 247.3 | 248.5 | 284.0 | 277.0 | 214.5 | 166.3 | 181.3 | 146.7 |
| EBIT | 626.6 | -1,889.5 | 618.3 | 315.0 | 733.1 | 510.8 | 359.1 | 147.7 |
| EBIT margin | 2.3% | -12.5% | 2.5% | 1.2% | 3.4% | 3.2% | 2.7% | 0.7% |
| Pre-tax income | 327.6 | -1,331.2 | 479.5 | 208.8 | 799.0 | 363.2 | 282.3 | 55.9 |
| Income taxes | 12.1 | 2.1 | 104.3 | 33.5 | 315.6 | 137.7 | 86.7 | -22.4 |
| Tax rate | 3.7% | | 21.8% | 16.0% | 39.5% | 37.9% | 30.7% | |
| Net income | 231.0 | -1,392.4 | 319.4 | 128.3 | 415.6 | 170.8 | 146.4 | -38.2 |
| Net margin | 0.8% | -9.2% | 1.3% | 0.5% | 1.9% | 1.1% | 1.1% | -0.2% |
| |
| Diluted EPS | $1.88 | ($11.54) | $2.62 | $1.08 | $3.65 | $1.65 | $1.56 | ($0.51) |
| Shares outstanding (diluted) | 122.6 | 120.7 | 121.9 | 118.8 | 113.9 | 103.6 | 94.1 | 74.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|