Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 3,789.7 | 2,521.1 | 2,328.8 | 6,887.2 | 6,424.7 | 6,131.0 | 4,999.5 | 5,231.8 |
Revenue growth | 50.3% | 8.3% | -66.2% | 7.2% | 4.8% | 22.6% | -4.4% | 5.2% |
Cost of goods sold | 10,413.4 | 8,579.1 | 7,797.6 | 3,664.9 | 4,434.3 | 4,699.0 | 3,902.0 | 4,005.9 |
Gross profit | -6,623.7 | -6,058.0 | -5,468.7 | 3,222.2 | 1,990.3 | 1,432.0 | 1,097.5 | 1,225.9 |
Gross margin | -174.8% | -240.3% | -234.8% | 46.8% | 31.0% | 23.4% | 22.0% | 23.4% |
Selling, general and administrative | 178.0 | 160.0 | 119.5 | 3,182.6 | 1,953.6 | 784.2 | 340.2 | |
General and administrative | | | | | | | | 47.1 |
EBITA | 1,333.3 | 129.6 | 1,085.7 | 154.4 | 139.2 | 748.4 | 849.1 | 774.9 |
EBITA margin | 35.2% | 5.1% | 46.6% | 2.2% | 2.2% | 12.2% | 17.0% | 14.8% |
Amortization of intangibles | | | | 24.0 | 19.4 | 19.0 | | |
EBIT | 1,333.3 | 129.6 | 1,085.7 | 130.3 | 119.8 | 729.4 | 849.1 | 774.9 |
EBIT margin | 35.2% | 5.1% | 46.6% | 1.9% | 1.9% | 11.9% | 17.0% | 14.8% |
Pre-tax income | 1,412.7 | 157.6 | 1,123.6 | 39.6 | 36.7 | 647.8 | 757.4 | 931.9 |
Income taxes | 281.9 | 30.7 | 233.4 | -15.1 | -63.8 | 187.1 | 195.2 | 251.8 |
Tax rate | 20.0% | 19.5% | 20.8% | | | 28.9% | 25.8% | 27.0% |
Net income | 1,034.9 | 101.8 | 857.8 | 54.7 | 100.5 | 460.7 | 562.2 | 680.1 |
Net margin | 27.3% | 4.0% | 36.8% | 0.8% | 1.6% | 7.5% | 11.2% | 13.0% |
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Diluted EPS | $74.66 | $7.12 | $59.39 | $3.63 | $6.52 | $29.83 | $35.40 | $41.46 |
Shares outstanding (diluted) | 13.9 | 14.3 | 14.4 | 15.1 | 15.4 | 15.4 | 15.9 | 16.4 |
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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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