Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 1,689.6 | 1,878.6 | 2,072.2 | 2,419.1 | 14,059.7 | 13,115.2 |
Revenue growth | -10.1% | -9.3% | -14.3% | -82.8% | 7.2% | |
Cost of goods sold | 1,624.2 | 1,850.6 | 2,040.1 | 1,034.2 | 2,025.4 | 2,002.9 |
Gross profit | 65.5 | 28.0 | 32.1 | 1,384.8 | 12,034.3 | 11,112.3 |
Gross margin | 3.9% | 1.5% | 1.5% | 57.2% | 85.6% | 84.7% |
General and administrative | 44.3 | 47.0 | 50.2 | 1,107.0 | 48.7 | 48.3 |
EBITA | 64.6 | 61.3 | 56.4 | 46.9 | 153.9 | 173.0 |
EBITA margin | 3.8% | 3.3% | 2.7% | 1.9% | 1.1% | 1.3% |
Amortization of intangibles | 12.5 | 15.4 | 20.5 | 31.2 | 34.6 | 35.7 |
EBIT | 52.1 | 45.8 | 35.9 | 15.7 | 119.3 | 137.2 |
EBIT margin | 3.1% | 2.4% | 1.7% | 0.7% | 0.8% | 1.0% |
Pre-tax income | -160.8 | -199.1 | -134.2 | -399.1 | 8.0 | 12.9 |
Income taxes | 1.2 | -0.8 | -21.9 | -53.9 | 3.3 | 5.6 |
Tax rate | | 0.4% | 16.3% | 13.5% | 41.1% | 43.1% |
Net income | -163.9 | -200.2 | -114.2 | -347.7 | 1.3 | 7.8 |
Net margin | -9.7% | -10.7% | -5.5% | -14.4% | 0.0% | 0.1% |
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Diluted EPS | ($5.47) | ($6.91) | ($4.06) | ($12.24) | $0.05 | $0.27 |
Shares outstanding (diluted) | 30.0 | 29.0 | 28.1 | 28.4 | 28.4 | 28.4 |
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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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