Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 6,171.0 | 6,260.1 | 6,241.5 | 6,318.5 | 6,243.0 | 6,246.9 | 6,161.4 | 5,865.7 |
Revenue growth | -1.4% | 0.3% | -1.2% | 1.2% | -0.1% | 1.4% | 5.0% | 5.7% |
Cost of goods sold | 2,461.7 | 2,398.8 | 2,471.1 | 2,540.0 | 2,567.2 | 2,498.4 | 2,504.5 | 2,381.6 |
Gross profit | 3,709.3 | 3,861.3 | 3,770.4 | 3,778.5 | 3,675.8 | 3,748.5 | 3,656.9 | 3,484.0 |
Gross margin | 60.1% | 61.7% | 60.4% | 59.8% | 58.9% | 60.0% | 59.4% | 59.4% |
Selling, general and administrative | 2,163.5 | 2,067.0 | 2,019.5 | 2,001.9 | 1,950.3 | 1,959.6 | 1,843.9 | 1,570.2 |
General and administrative | 311.9 | 341.1 | 315.1 | 320.9 | | | | |
EBITA | 1,174.5 | 1,718.5 | 1,407.5 | 1,378.6 | 1,384.4 | 1,389.1 | 1,363.7 | 1,206.8 |
EBITA margin | 19.0% | 27.5% | 22.6% | 21.8% | 22.2% | 22.2% | 22.1% | 20.6% |
Amortization of intangibles | 197.2 | 222.6 | 237.5 | 263.4 | 289.0 | 300.0 | 328.3 | 332.3 |
EBIT | 977.3 | 1,495.9 | 1,170.0 | 1,115.2 | 1,095.4 | 1,089.1 | 1,035.4 | 874.5 |
EBIT margin | 15.8% | 23.9% | 18.7% | 17.6% | 17.5% | 17.4% | 16.8% | 14.9% |
Pre-tax income | -917.4 | -290.5 | -650.7 | -703.7 | -705.3 | -719.5 | -394.0 | -622.8 |
Income taxes | -457.4 | -50.5 | 87.0 | 58.5 | -121.8 | -308.3 | 0.0 | 0.0 |
Tax rate | 49.9% | 17.4% | | | 17.3% | 42.8% | 0.0% | 0.0% |
Net income | -393.9 | -296.4 | -754.8 | -793.8 | -606.9 | -424.5 | -302.1 | -479.1 |
Net margin | -6.4% | -4.7% | -12.1% | -12.6% | -9.7% | -6.8% | -4.9% | -8.2% |
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Diluted EPS | | ($3.50) | ($8.96) | ($9.46) | | | | ($1.35) |
Shares outstanding (diluted) | | 84.6 | 84.3 | 83.9 | | | | 355.6 |
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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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