Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-15 | Dec-31-14 |
Revenues | 4,101.6 | 2,258.7 | 1,416.2 | 2,001.3 | 2,031.2 | 1,650.0 | 1,361.6 | 1,587.0 |
Revenue growth | 81.6% | 59.5% | -29.2% | -1.5% | 23.1% | | -14.2% | |
Cost of goods sold | 2,318.6 | 1,723.8 | 1,042.2 | 1,604.6 | 1,665.1 | 1,365.1 | 1,106.0 | 1,202.6 |
Gross profit | 1,783.0 | 534.9 | 373.9 | 396.7 | 366.1 | 284.9 | 255.6 | 384.4 |
Gross margin | 43.5% | 23.7% | 26.4% | 19.8% | 18.0% | 17.3% | 18.8% | 24.2% |
Selling, general and administrative | 71.6 | 63.9 | 57.4 | 79.0 | 59.3 | 67.5 | 44.2 | 52.3 |
EBITA | 1,586.0 | 367.7 | 175.4 | 95.7 | 239.4 | 183.5 | -113.1 | 7.1 |
EBITA margin | 38.7% | 16.3% | 12.4% | 4.8% | 11.8% | 11.1% | -8.3% | 0.4% |
Amortization of intangibles | 19.5 | 13.2 | 9.2 | | | | | |
EBIT | 1,566.5 | 354.5 | 166.2 | 95.7 | 239.4 | 183.5 | -113.1 | 7.1 |
EBIT margin | 38.2% | 15.7% | 11.7% | 4.8% | 11.8% | 11.1% | -8.3% | 0.4% |
Pre-tax income | 1,554.8 | 292.2 | -243.6 | -272.9 | 137.5 | 105.8 | -672.2 | -70.1 |
Income taxes | 106.2 | 3.4 | -2.2 | -53.3 | -165.4 | -68.0 | 254.6 | 17.7 |
Tax rate | 6.8% | 1.2% | 0.9% | 19.5% | | | | |
Net income | 1,448.5 | 288.8 | -446.9 | -316.3 | 299.2 | 154.5 | 0.0 | 0.0 |
Net margin | 35.3% | 12.8% | -31.6% | -15.8% | 14.7% | 9.4% | 0.0% | 0.0% |
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Diluted EPS | $79.49 | $15.30 | ($13.20) | ($11.68) | $25.86 | $16.13 | | |
Shares outstanding (diluted) | 18.2 | 18.9 | 18.3 | 18.8 | 11.7 | 10.8 | | |
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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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