Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Sep-23-13 |
Revenues | 3,183.4 | 3,066.3 | 2,871.9 | 2,259.4 | 502.5 | 1,613.9 | 1,459.6 | 379.2 |
Revenue growth | 3.8% | 6.8% | 27.1% | 349.6% | -68.9% | 10.6% | | |
Cost of goods sold | 2,270.3 | 2,191.5 | 2,106.4 | 1,682.6 | 0.0 | 1,124.6 | 1,052.2 | 222.8 |
Gross profit | 913.1 | 874.8 | 765.5 | 576.8 | 502.5 | 489.3 | 407.4 | 156.4 |
Gross margin | 28.7% | 28.5% | 26.7% | 25.5% | 100.0% | 30.3% | 27.9% | 41.3% |
Selling, general and administrative | 453.0 | 394.9 | 371.8 | 322.0 | 269.9 | 246.4 | 254.0 | 69.7 |
EBITA | 404.7 | 433.6 | 353.2 | 225.9 | 211.3 | 218.3 | 133.3 | -22.0 |
EBITA margin | 12.7% | 14.1% | 12.3% | 10.0% | 42.0% | 13.5% | 9.1% | -5.8% |
Amortization of intangibles | 76.3 | 68.6 | 71.6 | 49.2 | 45.4 | 56.7 | 74.4 | |
EBIT | 328.4 | 365.0 | 281.6 | 176.7 | 165.9 | 161.6 | 58.9 | -22.0 |
EBIT margin | 10.3% | 11.9% | 9.8% | 7.8% | 33.0% | 10.0% | 4.0% | -5.8% |
Pre-tax income | 259.0 | 305.9 | 221.5 | 74.5 | 93.9 | 115.2 | -41.9 | -57.1 |
Income taxes | 62.0 | 62.8 | 67.2 | -12.6 | 28.5 | 30.0 | -8.2 | -17.2 |
Tax rate | 23.9% | 20.5% | 30.3% | | 30.3% | 26.1% | 19.5% | 30.1% |
Net income | 197.0 | 243.0 | 153.9 | 86.9 | 68.2 | 81.8 | -35.7 | -39.9 |
Net margin | 6.2% | 7.9% | 5.4% | 3.8% | 13.6% | 5.1% | -2.4% | -10.5% |
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Diluted EPS | $3.04 | $3.68 | $2.32 | $1.32 | $1.06 | $1.29 | ($0.83) | ($1.02) |
Shares outstanding (diluted) | 64.8 | 66.0 | 66.3 | 65.8 | 64.5 | 63.2 | 42.9 | 39.3 |
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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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