Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 3,925.4 | 4,026.5 | 3,579.0 | 3,159.9 | 2,577.2 | 2,108.1 | 1,863.2 | 1,622.4 |
Revenue growth | -2.5% | 12.5% | 13.3% | 22.6% | 22.3% | 13.1% | 14.8% | 39.6% |
Cost of goods sold | 1,131.7 | 2,572.7 | 2,256.5 | 1,982.2 | 1,571.0 | 1,247.5 | 1,121.2 | 993.7 |
Gross profit | 2,793.7 | 1,453.8 | 1,322.5 | 1,177.8 | 1,006.2 | 860.6 | 742.0 | 628.8 |
Gross margin | 71.2% | 36.1% | 37.0% | 37.3% | 39.0% | 40.8% | 39.8% | 38.8% |
Sales and marketing | 1,131.7 | 669.5 | 582.3 | 503.9 | 396.4 | 312.0 | 280.6 | 236.9 |
General and administrative | 662.1 | 295.1 | 189.7 | 182.4 | 174.0 | 121.7 | 118.2 | 86.9 |
EBITA | 1,160.5 | 744.1 | 768.1 | 634.8 | 519.8 | 481.4 | 424.8 | 366.8 |
EBITA margin | 29.6% | 18.5% | 21.5% | 20.1% | 20.2% | 22.8% | 22.8% | 22.6% |
Amortization of intangibles | 821.9 | 222.6 | 199.6 | 200.4 | 205.1 | 128.6 | 119.9 | 123.6 |
EBIT | 338.6 | 521.5 | 568.5 | 434.4 | 314.7 | 352.8 | 304.9 | 243.2 |
EBIT margin | 8.6% | 13.0% | 15.9% | 13.7% | 12.2% | 16.7% | 16.4% | 15.0% |
Pre-tax income | -8.1 | 813.7 | 422.7 | 297.4 | 235.2 | 291.9 | 157.6 | 117.1 |
Income taxes | -27.7 | 631.0 | 141.8 | 88.2 | 66.2 | 83.8 | 46.9 | 32.3 |
Tax rate | 342.0% | 77.5% | 33.5% | 29.6% | 28.1% | 28.7% | 29.7% | 27.6% |
Net income | 12.8 | 130.1 | 213.2 | 147.9 | 125.3 | 133.6 | 57.6 | 36.2 |
Net margin | 0.3% | 3.2% | 6.0% | 4.7% | 4.9% | 6.3% | 3.1% | 2.2% |
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Diluted EPS | $0.04 | $0.80 | $1.32 | $0.74 | $0.63 | $0.65 | $0.47 | $0.40 |
Shares outstanding (diluted) | 295.2 | 162.8 | 162.1 | 200.9 | 199.2 | 206.0 | 122.7 | 89.5 |
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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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