Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 2,932.9 | 2,729.6 | 2,599.0 | 2,203.3 | 1,914.3 | 2,499.8 | 1,984.2 | 1,937.7 |
Revenue growth | 7.4% | 5.0% | 18.0% | 15.1% | -23.4% | 26.0% | 2.4% | -8.2% |
Cost of goods sold | 1,799.5 | 1,642.5 | 1,582.8 | 1,296.0 | 1,113.7 | 1,563.5 | 1,263.7 | 1,268.5 |
Gross profit | 1,133.4 | 1,087.1 | 1,016.2 | 907.3 | 800.6 | 936.3 | 720.5 | 669.2 |
Gross margin | 38.6% | 39.8% | 39.1% | 41.2% | 41.8% | 37.5% | 36.3% | 34.5% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 323.5 | 315.9 | 349.7 | 291.7 | 270.5 |
Research and development | | | | 220.9 | 191.7 | 158.6 | 112.8 | 102.6 |
EBITA | 1,151.2 | 1,104.3 | 1,060.8 | 393.6 | 322.1 | 453.0 | 337.5 | 316.7 |
EBITA margin | 39.3% | 40.5% | 40.8% | 17.9% | 16.8% | 18.1% | 17.0% | 16.3% |
Amortization of intangibles | 17.8 | 17.2 | 44.6 | 30.7 | 29.1 | 25.0 | 21.5 | 20.6 |
EBIT | 1,133.4 | 1,087.1 | 1,016.2 | 362.9 | 293.0 | 428.0 | 316.0 | 296.1 |
EBIT margin | 38.6% | 39.8% | 39.1% | 16.5% | 15.3% | 17.1% | 15.9% | 15.3% |
Pre-tax income | 415.5 | 356.6 | 9.8 | 239.5 | 86.7 | 323.0 | 211.4 | 204.6 |
Income taxes | 104.4 | 70.9 | -47.9 | 44.6 | 7.1 | 95.2 | 68.1 | 62.6 |
Tax rate | 25.1% | 19.9% | | 18.6% | 8.2% | 29.5% | 32.2% | 30.6% |
Net income | 311.1 | 285.7 | 57.7 | 365.6 | 233.7 | 227.8 | 143.3 | 142.0 |
Net margin | 10.6% | 10.5% | 2.2% | 16.6% | 12.2% | 9.1% | 7.2% | 7.3% |
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Diluted EPS | $3.08 | $2.73 | $0.55 | $1.88 | $0.77 | $2.24 | $1.42 | $1.43 |
Shares outstanding (diluted) | 100.9 | 104.5 | 104.5 | 103.9 | 102.9 | 101.9 | 100.9 | 99.3 |
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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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