Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 1,533.5 | 1,572.2 | 2,081.4 | 1,481.4 | 1,285.0 | 2,092.5 | 3,024.6 | 2,828.4 |
Revenue growth | | -24.5% | 40.5% | 15.3% | -38.6% | -30.8% | 6.9% | 30.1% |
Cost of goods sold | 352.9 | 466.6 | 483.7 | 399.8 | 425.0 | 738.4 | 496.9 | 430.2 |
Gross profit | 1,180.6 | 1,105.6 | 1,597.7 | 1,081.6 | 860.0 | 1,354.1 | 2,527.7 | 2,398.2 |
Gross margin | 77.0% | 70.3% | 76.8% | 73.0% | 66.9% | 64.7% | 83.6% | 84.8% |
General and administrative | 49.5 | 132.6 | 123.3 | 124.3 | 146.9 | 172.6 | 177.2 | 138.0 |
EBIT | 452.4 | 58.3 | 625.9 | -606.1 | -721.3 | 1,833.6 | 1,136.2 | 1,019.3 |
EBIT margin | 29.5% | 3.7% | 30.1% | -40.9% | -56.1% | 87.6% | 37.6% | 36.0% |
Pre-tax income | 428.8 | -168.9 | 343.9 | -1,720.6 | -1,426.8 | -2,993.5 | 143.9 | 571.9 |
Income taxes | 0.9 | 72.2 | 1.4 | -483.0 | -87.6 | -774.2 | 79.2 | 205.9 |
Tax rate | 0.2% | | 0.4% | 28.1% | 6.1% | 25.9% | 55.0% | 36.0% |
Net income | 427.9 | -241.2 | 342.5 | -1,237.6 | -1,339.1 | -2,219.2 | 64.8 | 365.5 |
Net margin | 27.9% | -15.3% | 16.5% | -83.5% | -104.2% | -106.1% | 2.1% | 12.9% |
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Diluted EPS | $10.78 | ($2.64) | $3.77 | ($13.65) | ($21.27) | ($45.41) | $0.53 | $3.06 |
Shares outstanding (diluted) | 39.7 | 91.3 | 91.0 | 90.7 | 63.0 | 48.9 | 122.5 | 119.6 |
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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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