Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-29-18 | Dec-30-17 | Dec-31-16 | Dec-26-15 |
Revenues | 4,575.0 | 4,339.0 | 3,976.0 | 3,778.0 | 3,580.0 | 3,353.2 | 2,978.3 |
Revenue growth | 5.4% | 9.1% | 5.2% | 5.5% | 6.8% | 12.6% | |
Cost of goods sold | 3,717.0 | 3,541.0 | 3,227.0 | 3,094.0 | 2,928.0 | 2,733.2 | 2,448.3 |
Gross profit | 858.0 | 798.0 | 749.0 | 684.0 | 652.0 | 619.9 | 530.0 |
Gross margin | 18.8% | 18.4% | 18.8% | 18.1% | 18.2% | 18.5% | 17.8% |
Selling, general and administrative | 881.0 | 867.0 | 808.0 | 547.0 | 517.0 | 488.8 | 417.9 |
EBITA | 113.0 | 66.0 | 68.0 | 187.0 | 182.0 | 132.5 | 112.9 |
EBITA margin | 2.5% | 1.5% | 1.7% | 4.9% | 5.1% | 4.0% | 3.8% |
Amortization of intangibles | 136.0 | 135.0 | 127.0 | 49.0 | 46.0 | | |
EBIT | -23.0 | -69.0 | -59.0 | 138.0 | 136.0 | 132.5 | 112.9 |
EBIT margin | -0.5% | -1.6% | -1.5% | 3.7% | 3.8% | 4.0% | 3.8% |
Pre-tax income | -54.0 | -24.0 | -1,029.0 | 143.0 | 139.0 | 72.3 | 0.0 |
Income taxes | 0.0 | -7.0 | -46.0 | 37.0 | 48.0 | -27.9 | -24.3 |
Tax rate | 0.0% | 29.2% | 4.5% | 25.9% | 34.5% | | |
Net income | -54.0 | -17.0 | -983.0 | 107.0 | 92.0 | 100.3 | 0.0 |
Net margin | -1.2% | -0.4% | -24.7% | 2.8% | 2.6% | 3.0% | 0.0% |
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Diluted EPS | ($0.39) | ($0.14) | ($9.19) | $1.49 | $1.28 | $1.39 | |
Shares outstanding (diluted) | 137.0 | 118.0 | 107.0 | 72.0 | 72.0 | 72.0 | |
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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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