Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 7,237.0 | 7,237.0 | 5,524.0 | 5,524.0 | 6,090.0 | 8,479.0 | 8,453.0 | 7,304.0 |
Revenue growth | 31.0% | 31.0% | -9.3% | | -28.2% | 0.3% | 15.7% | 0.7% |
Cost of goods sold | 5,903.0 | 5,903.0 | 4,750.0 | 4,750.0 | 5,656.0 | 7,634.0 | 7,009.0 | 6,412.0 |
Gross profit | 1,334.0 | 1,334.0 | 774.0 | 774.0 | 434.0 | 845.0 | 1,444.0 | 892.0 |
Gross margin | 18.4% | 18.4% | 14.0% | 14.0% | 7.1% | 10.0% | 17.1% | 12.2% |
Selling, general and administrative | 1,070.0 | 1,070.0 | 908.0 | 908.0 | 968.0 | 1,303.0 | 1,233.0 | 1,169.0 |
EBITA | 383.0 | 332.0 | -96.0 | -139.0 | -2,172.0 | -4,083.0 | 208.0 | -282.0 |
EBITA margin | 5.3% | 4.6% | -1.7% | -2.5% | -35.7% | -48.2% | 2.5% | -3.9% |
Amortization of intangibles | 51.0 | | 43.0 | | | | | |
EBIT | 332.0 | 332.0 | -139.0 | -139.0 | -2,172.0 | -4,083.0 | 208.0 | -282.0 |
EBIT margin | 4.6% | 4.6% | -2.5% | -2.5% | -35.7% | -48.2% | 2.5% | -3.9% |
Pre-tax income | 238.0 | 238.0 | -230.0 | -230.0 | -2,779.0 | -6,462.0 | 41.0 | -392.0 |
Income taxes | 83.0 | 83.0 | 15.0 | 15.0 | -242.0 | -369.0 | 63.0 | -156.0 |
Tax rate | 34.9% | 34.9% | | | 8.7% | 5.7% | 153.7% | 39.8% |
Net income | 155.0 | 155.0 | -250.0 | -245.0 | -2,542.0 | -6,095.0 | -31.0 | -237.0 |
Net margin | 2.1% | 2.1% | -4.5% | -4.4% | -41.7% | -71.9% | -0.4% | -3.2% |
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Diluted EPS | $0.39 | $0.39 | ($0.65) | ($0.63) | ($6.62) | ($15.96) | ($0.08) | ($0.63) |
Shares outstanding (diluted) | 394.0 | 394.0 | 386.0 | 386.0 | 384.0 | 382.0 | 378.0 | 377.0 |
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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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