Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 2,902.4 | 2,788.3 | 2,876.6 | 2,898.4 | 2,874.7 | 2,765.1 | 2,770.0 | 2,667.0 |
Revenue growth | 4.1% | -3.1% | -0.8% | 0.8% | 4.0% | -0.2% | 3.9% | -1.6% |
Cost of goods sold | 2,092.7 | 2,012.6 | 2,104.5 | 2,244.5 | 2,212.0 | 2,040.8 | 1,188.1 | 1,956.7 |
Gross profit | 809.7 | 775.7 | 772.1 | 653.9 | 662.7 | 724.3 | 1,581.9 | 710.3 |
Gross margin | 27.9% | 27.8% | 26.8% | 22.6% | 23.1% | 26.2% | 57.1% | 26.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 237.5 | 207.2 | 207.9 | 203.7 | 218.7 | 206.1 | 202.0 | 227.6 |
General and administrative | | | | | | | 678.5 | |
EBITA | 405.0 | 407.3 | 416.0 | 293.1 | 297.4 | 381.1 | 450.8 | 280.3 |
EBITA margin | 14.0% | 14.6% | 14.5% | 10.1% | 10.3% | 13.8% | 16.3% | 10.5% |
Amortization of intangibles | 69.1 | 70.4 | 52.1 | 69.8 | 67.0 | 64.1 | 95.9 | |
EBIT | 335.9 | 336.9 | 363.9 | 223.3 | 230.4 | 317.0 | 354.9 | 280.3 |
EBIT margin | 11.6% | 12.1% | 12.7% | 7.7% | 8.0% | 11.5% | 12.8% | 10.5% |
Pre-tax income | 299.2 | 305.1 | 329.5 | 183.4 | 191.5 | 278.1 | 315.7 | 241.1 |
Income taxes | 84.7 | 94.8 | 103.9 | 44.9 | 54.8 | 92.2 | 106.8 | 78.2 |
Tax rate | 28.3% | 31.1% | 31.5% | 24.5% | 28.6% | 33.2% | 33.8% | 32.4% |
Net income | 214.5 | 210.3 | 225.6 | 138.5 | 136.7 | 185.9 | 208.9 | 162.9 |
Net margin | 7.4% | 7.5% | 7.8% | 4.8% | 4.8% | 6.7% | 7.5% | 6.1% |
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Diluted EPS | $5.00 | $4.84 | $5.07 | $3.12 | $3.04 | $3.95 | $4.26 | $3.33 |
Shares outstanding (diluted) | 42.9 | 43.5 | 44.5 | 44.4 | 45.0 | 47.0 | 49.0 | 48.9 |
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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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