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 | 1,433.0 | 1,340.9 | 1,235.0 | 1,306.5 | 1,269.9 | 1,196.7 | 1,161.7 | 1,478.7 |
Revenue growth | 6.9% | 8.6% | -5.5% | 2.9% | 6.1% | 3.0% | -21.4% | 3.7% |
Cost of goods sold | 543.1 | 425.6 | 420.1 | 0.0 | 0.0 | 0.0 | 0.0 | 1,197.0 |
Gross profit | 889.9 | 915.4 | 814.9 | 1,306.5 | 1,269.9 | 1,196.7 | 1,161.7 | 281.7 |
Gross margin | 62.1% | 68.3% | 66.0% | 100.0% | 100.0% | 100.0% | 100.0% | 19.1% |
Selling, general and administrative | | | | | 47.8 | 43.5 | 40.3 | 164.8 |
General and administrative | 55.0 | 53.6 | 49.3 | 49.6 | | | | |
EBITA | 314.2 | 348.6 | 265.6 | 278.6 | 259.3 | 261.7 | 240.0 | 312.7 |
EBITA margin | 21.9% | 26.0% | 21.5% | 21.3% | 20.4% | 21.9% | 20.7% | 21.1% |
Amortization of intangibles | 26.1 | 22.3 | 22.5 | 19.3 | 28.6 | 31.3 | 39.5 | 31.0 |
EBIT | 288.1 | 326.3 | 243.1 | 259.3 | 230.7 | 230.4 | 200.5 | 281.7 |
EBIT margin | 20.1% | 24.3% | 19.7% | 19.8% | 18.2% | 19.3% | 17.3% | 19.1% |
Pre-tax income | 231.3 | 277.4 | 183.8 | 199.5 | 160.2 | 149.3 | 104.6 | 176.9 |
Income taxes | 43.0 | 100.8 | 59.4 | 71.7 | 57.9 | 48.0 | 39.1 | 67.0 |
Tax rate | 18.6% | 36.3% | 32.3% | 35.9% | 36.1% | 32.1% | 37.4% | 37.8% |
Net income | 188.3 | 176.7 | 124.4 | 127.8 | 102.3 | 101.3 | 65.5 | 110.0 |
Net margin | 13.1% | 13.2% | 10.1% | 9.8% | 8.1% | 8.5% | 5.6% | 7.4% |
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Diluted EPS | | | | | | $2.42 | $1.58 | $2.75 |
Shares outstanding (diluted) | | | | | | 41.9 | 41.3 | 40.0 |
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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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